BOOT vs. BSMR
BOOT (Boot Barn Holdings, Inc.) 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, BOOT returned 14.54%/yr vs 0.33%/yr for BSMR. At a 0.06 correlation, their price movements are largely independent.
Performance
BOOT vs. BSMR - Performance Comparison
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Returns By Period
In the year-to-date period, BOOT achieves a -13.60% return, which is significantly lower than BSMR's 1.13% return.
BOOT
- 1D
- -0.86%
- 1M
- -8.00%
- 6M
- -20.87%
- YTD
- -13.60%
- 1Y
- -9.84%
- 3Y*
- 18.30%
- 5Y*
- 14.54%
- 10Y*
- 33.01%
BSMR
- 1D
- -0.07%
- 1M
- 0.01%
- 6M
- 0.73%
- YTD
- 1.13%
- 1Y
- 3.16%
- 3Y*
- 2.76%
- 5Y*
- 0.33%
- 10Y*
- —
BOOT vs. BSMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BOOT Boot Barn Holdings, Inc. | -13.60% | 16.24% | 97.79% | 22.78% | -49.19% | 183.79% | -2.63% | 25.33% |
BSMR Invesco BulletShares 2027 Municipal Bond ETF | 1.13% | 3.10% | 1.51% | 4.47% | -7.60% | 1.09% | 4.97% | 0.16% |
Correlation
The correlation between BOOT and BSMR is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.06 |
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Return for Risk
BOOT vs. BSMR — Risk / Return Rank
BOOT
BSMR
BOOT vs. BSMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Boot Barn Holdings, Inc. (BOOT) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BOOT | BSMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.73 | ||
| Sortino ratioReturn per unit of downside risk | -4.10 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.51 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 5.60 | -5.88 |
| Martin ratioReturn relative to average drawdown | -0.65 | 17.69 | -18.33 |
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Drawdowns
BOOT vs. BSMR - Drawdown Comparison
The maximum BOOT drawdown since its inception was -83.73%, which is greater than BSMR's maximum drawdown of -13.49%. Use the drawdown chart below to compare losses from any high point for BOOT and BSMR.
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Drawdown Indicators
| BOOT | BSMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.73% | -13.49% | -70.24% |
Max Drawdown (1Y)Largest decline over 1 year | -35.01% | -0.57% | -34.44% |
Max Drawdown (3Y)Largest decline over 3 years | -48.93% | -3.50% | -45.43% |
Max Drawdown (5Y)Largest decline over 5 years | -60.62% | -12.02% | -48.60% |
Max Drawdown (10Y)Largest decline over 10 years | -77.88% | — | — |
Current DrawdownCurrent decline from peak | -26.69% | -0.18% | -26.51% |
Average DrawdownAverage peak-to-trough decline | -32.22% | -3.43% | -28.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.27% | 0.18% | +15.09% |
Volatility
BOOT vs. BSMR - Volatility Comparison
Boot Barn Holdings, Inc. (BOOT) has a higher volatility of 12.92% compared to Invesco BulletShares 2027 Municipal Bond ETF (BSMR) at 0.34%. This indicates that BOOT'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
| BOOT | BSMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.92% | 0.34% | +12.58% |
Volatility (6M)Calculated over the trailing 6-month period | 33.65% | 0.94% | +32.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 1.27% | +42.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.01% | 3.01% | +47.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.93% | 5.67% | +51.26% |
Dividends
BOOT vs. BSMR - Dividend Comparison
BOOT has not paid dividends to shareholders, while BSMR's dividend yield for the trailing twelve months is around 2.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BOOT Boot Barn Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSMR Invesco BulletShares 2027 Municipal Bond ETF | 2.72% | 2.77% | 2.78% | 2.72% | 1.40% | 1.00% | 1.49% | 0.45% |
Frequently Asked Questions
BOOT and BSMR have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BOOT has higher volatility (12.92%) compared to BSMR (0.34%). In terms of maximum drawdown, BOOT dropped -83.73% vs BSMR's -13.49%.
BSMR currently has the higher Sharpe Ratio (2.50 vs -0.22), 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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