BOOT vs. BSMU
BOOT (Boot Barn Holdings, Inc.) is a stock, while BSMU (Invesco BulletShares 2030 Municipal Bond ETF) is Municipal Bonds fund tracking the Invesco Bulletshares Municipal Bond 2030 Index. Over the past 5 years, BOOT returned 14.54%/yr vs -0.92%/yr for BSMU. At a 0.06 correlation, their price movements are largely independent.
Performance
BOOT vs. BSMU - 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 BSMU's 0.53% 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%
BSMU
- 1D
- -0.18%
- 1M
- -0.18%
- 6M
- -0.15%
- YTD
- 0.53%
- 1Y
- 4.55%
- 3Y*
- 2.56%
- 5Y*
- -0.92%
- 10Y*
- —
BOOT vs. BSMU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BOOT Boot Barn Holdings, Inc. | -13.60% | 16.24% | 97.79% | 22.78% | -49.19% | 183.79% | 33.25% |
BSMU Invesco BulletShares 2030 Municipal Bond ETF | 0.53% | 4.35% | -0.29% | 6.31% | -13.76% | 1.88% | 4.00% |
Correlation
The correlation between BOOT and BSMU is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2020 | 0.06 |
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Return for Risk
BOOT vs. BSMU — Risk / Return Rank
BOOT
BSMU
BOOT vs. BSMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Boot Barn Holdings, Inc. (BOOT) and Invesco BulletShares 2030 Municipal Bond ETF (BSMU). 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 | BSMU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.43 | ||
| Sortino ratioReturn per unit of downside risk | -3.39 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.48 | -0.48 |
| Calmar ratioReturn relative to maximum drawdown | -0.28 | 2.21 | -2.50 |
| Martin ratioReturn relative to average drawdown | -0.65 | 6.34 | -6.99 |
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Drawdowns
BOOT vs. BSMU - Drawdown Comparison
The maximum BOOT drawdown since its inception was -83.73%, which is greater than BSMU's maximum drawdown of -19.48%. Use the drawdown chart below to compare losses from any high point for BOOT and BSMU.
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Drawdown Indicators
| BOOT | BSMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -83.73% | -19.48% | -64.25% |
Max Drawdown (1Y)Largest decline over 1 year | -35.01% | -2.06% | -32.95% |
Max Drawdown (3Y)Largest decline over 3 years | -48.93% | -5.92% | -43.01% |
Max Drawdown (5Y)Largest decline over 5 years | -60.62% | -19.48% | -41.14% |
Max Drawdown (10Y)Largest decline over 10 years | -77.88% | — | — |
Current DrawdownCurrent decline from peak | -26.69% | -4.86% | -21.83% |
Average DrawdownAverage peak-to-trough decline | -32.22% | -8.12% | -24.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.27% | 0.72% | +14.55% |
Volatility
BOOT vs. BSMU - Volatility Comparison
Boot Barn Holdings, Inc. (BOOT) has a higher volatility of 12.92% compared to Invesco BulletShares 2030 Municipal Bond ETF (BSMU) at 0.57%. This indicates that BOOT's price experiences larger fluctuations and is considered to be riskier than BSMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BOOT | BSMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.92% | 0.57% | +12.35% |
Volatility (6M)Calculated over the trailing 6-month period | 33.65% | 1.55% | +32.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.98% | 2.10% | +41.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.01% | 4.81% | +45.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.93% | 4.80% | +52.13% |
Dividends
BOOT vs. BSMU - Dividend Comparison
BOOT has not paid dividends to shareholders, while BSMU's dividend yield for the trailing twelve months is around 2.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BOOT Boot Barn Holdings, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSMU Invesco BulletShares 2030 Municipal Bond ETF | 2.80% | 2.82% | 2.92% | 2.66% | 2.16% | 1.60% | 0.28% |
Frequently Asked Questions
BOOT and BSMU have a correlation of 0.11, 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 BSMU (0.57%). In terms of maximum drawdown, BOOT dropped -83.73% vs BSMU's -19.48%.
BSMU currently has the higher Sharpe Ratio (2.20 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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