AZN vs. BSMR
AZN (AstraZeneca PLC) is a stock, while BSMR (Invesco BulletShares 2027 Municipal Bond ETF) is Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2027 Index. Over the past 5 years, AZN returned 11.73%/yr vs 0.48%/yr for BSMR. At a 0.09 correlation, their price movements are largely independent.
Performance
AZN vs. BSMR - Performance Comparison
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Returns By Period
In the year-to-date period, AZN achieves a -2.12% return, which is significantly lower than BSMR's 1.04% return.
AZN
- 1D
- -0.66%
- 1M
- -3.91%
- YTD
- -2.12%
- 6M
- -0.95%
- 1Y
- 26.16%
- 3Y*
- 9.19%
- 5Y*
- 11.73%
- 10Y*
- 14.81%
BSMR
- 1D
- 0.05%
- 1M
- 0.41%
- YTD
- 1.04%
- 6M
- 1.31%
- 1Y
- 4.16%
- 3Y*
- 3.03%
- 5Y*
- 0.48%
- 10Y*
- —
AZN vs. BSMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AZN AstraZeneca PLC | -2.12% | 43.30% | -0.62% | 1.44% | 19.14% | 19.66% | 3.12% | 9.65% |
BSMR Invesco BulletShares 2027 Municipal Bond ETF | 1.04% | 3.10% | 1.51% | 4.47% | -7.60% | 1.09% | 4.97% | 0.16% |
Correlation
The correlation between AZN and BSMR is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.09 |
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Return for Risk
AZN vs. BSMR — Risk / Return Rank
AZN
BSMR
AZN vs. BSMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AstraZeneca PLC (AZN) and Invesco BulletShares 2027 Municipal Bond ETF (BSMR). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AZN | BSMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.82 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.74 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 7.37 | -5.66 |
| Martin ratioReturn relative to average drawdown | 4.70 | 23.41 | -18.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AZN | BSMR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.05 | 3.33 | -2.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.16 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.60 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.22 | +0.27 |
Drawdowns
AZN vs. BSMR - Drawdown Comparison
The maximum AZN drawdown since its inception was -48.94%, which is greater than BSMR's maximum drawdown of -13.49%. Use the drawdown chart below to compare losses from any high point for AZN and BSMR.
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Drawdown Indicators
| AZN | BSMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.94% | -13.49% | -35.45% |
Max Drawdown (1Y)Largest decline over 1 year | -15.43% | -0.57% | -14.86% |
Max Drawdown (3Y)Largest decline over 3 years | -27.87% | -3.50% | -24.37% |
Max Drawdown (5Y)Largest decline over 5 years | -27.87% | -12.02% | -15.85% |
Max Drawdown (10Y)Largest decline over 10 years | -27.87% | — | — |
Current DrawdownCurrent decline from peak | -15.43% | 0.00% | -15.43% |
Average DrawdownAverage peak-to-trough decline | -11.37% | -3.49% | -7.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.60% | 0.18% | +5.42% |
Volatility
AZN vs. BSMR - Volatility Comparison
AstraZeneca PLC (AZN) has a higher volatility of 6.36% compared to Invesco BulletShares 2027 Municipal Bond ETF (BSMR) at 0.34%. This indicates that AZN's price experiences larger fluctuations and is considered to be riskier than BSMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AZN | BSMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.36% | 0.34% | +6.02% |
Volatility (6M)Calculated over the trailing 6-month period | 17.06% | 0.92% | +16.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.18% | 1.25% | +23.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.94% | 3.03% | +20.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.90% | 5.72% | +19.18% |
Dividends
AZN vs. BSMR - Dividend Comparison
AZN's dividend yield for the trailing twelve months is around 3.02%, more than BSMR's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AZN AstraZeneca PLC | 3.02% | 1.70% | 2.27% | 2.15% | 2.12% | 2.35% | 2.80% | 2.81% | 3.69% | 3.95% | 5.01% | 4.06% |
BSMR Invesco BulletShares 2027 Municipal Bond ETF | 2.72% | 2.77% | 2.78% | 2.72% | 1.40% | 1.00% | 1.49% | 0.45% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
AZN and BSMR have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AZN has higher volatility (6.36%) compared to BSMR (0.34%). In terms of maximum drawdown, AZN dropped -48.94% vs BSMR's -13.49%.
BSMR currently has the higher Sharpe Ratio (3.33 vs 1.05), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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