BKMS vs. BSMQ

Last updated Jun 6, 2026

BKMS (BNY Mellon Municipal Short Duration ETF) and BSMQ (Invesco BulletShares 2026 Municipal Bond ETF) are both Municipal Bonds funds. BKMS is actively managed, while BSMQ is passively managed. At a 0.05 correlation, their price movements are largely independent. BKMS charges 0.35%/yr vs 0.18%/yr for BSMQ.

Performance

BKMS vs. BSMQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Municipal Short Duration ETF (BKMS) and Invesco BulletShares 2026 Municipal Bond ETF (BSMQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BKMS

• 1D: -0.08%
• 1M: 0.24%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSMQ

• 1D: -0.06%
• 1M: 0.15%
• YTD: 0.74%
• 6M: 1.11%
• 1Y: 2.78%
• 3Y*: 2.92%
• 5Y*: 0.29%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BKMS vs. BSMQ - Yearly Performance Comparison

	2026 (YTD)
BKMS BNY Mellon Municipal Short Duration ETF	0.54%
BSMQ Invesco BulletShares 2026 Municipal Bond ETF	0.64%

Correlation

The correlation between BKMS and BSMQ is 0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jan 13, 2026	0.05

Return for Risk

BKMS vs. BSMQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSMQ

BSMQ Risk / Return Rank: 83
BSMQ Sharpe Ratio Rank: 68
BSMQ Sortino Ratio Rank: 79
BSMQ Omega Ratio Rank: 78
BSMQ Calmar Ratio Rank: 96
BSMQ Martin Ratio Rank: 93

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BKMS vs. BSMQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Municipal Short Duration ETF (BKMS) and Invesco BulletShares 2026 Municipal Bond ETF (BSMQ). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BKMS	BSMQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.11	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.11	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.25	+0.85

Drawdowns

BKMS vs. BSMQ - Drawdown Comparison

The maximum BKMS drawdown since its inception was -0.87%, smaller than the maximum BSMQ drawdown of -13.18%. Use the drawdown chart below to compare losses from any high point for BKMS and BSMQ.

Drawdown Indicators

	BKMS	BSMQ	Difference
Max Drawdown Largest peak-to-trough decline	-0.87%	-13.18%	+12.31%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.33%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-2.53%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.50%	—
Current Drawdown Current decline from peak	-0.17%	-0.11%	-0.06%
Average Drawdown Average peak-to-trough decline	-0.28%	-3.47%	+3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.13%	—

Volatility

Volatility by Period

	BKMS	BSMQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.40%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.95%	—
Volatility (1Y) Calculated over the trailing 1-year period	1.24%	1.33%	-0.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.24%	2.68%	-1.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.24%	4.79%	-3.55%

BKMS vs. BSMQ - Expense Ratio Comparison

BKMS has a 0.35% expense ratio, which is higher than BSMQ's 0.18% expense ratio.

Dividends

BKMS vs. BSMQ - Dividend Comparison

BKMS's dividend yield for the trailing twelve months is around 1.11%, less than BSMQ's 2.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BKMS BNY Mellon Municipal Short Duration ETF	1.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BSMQ Invesco BulletShares 2026 Municipal Bond ETF	2.76%	2.74%	2.75%	2.47%	1.60%	1.14%	1.57%	0.44%

Frequently Asked Questions

Can I hold both BKMS and BSMQ in my portfolio?

BKMS and BSMQ have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BKMS or BSMQ?

On fees, BSMQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BKMS or BSMQ?

BSMQ is cheaper with a 0.18% expense ratio, compared with 0.35% for BKMS.

Which ETF pays a higher dividend yield, BKMS or BSMQ?

BSMQ has the higher dividend yield at 2.76%, compared with 1.11% for BKMS.

What is the main difference between BKMS and BSMQ?

They also come from different issuers: BNY Mellon and Invesco. Their fees differ too: 0.35% for BKMS and 0.18% for BSMQ.