BSMP vs. BSMQ
BSMP (Invesco BulletShares 2025 Municipal Bond ETF) and BSMQ (Invesco BulletShares 2026 Municipal Bond ETF) are both Municipal Bonds funds from Invesco - BSMP tracks the Invesco BulletShares Municipal Bond 2025 Index while BSMQ tracks the Invesco BulletShares Municipal Bond 2026 Index. Both are passively managed. At a 0.48 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
BSMP vs. BSMQ - Performance Comparison
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Returns By Period
BSMP
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSMQ
- 1D
- -0.08%
- 1M
- 0.27%
- YTD
- 1.01%
- 6M
- 1.09%
- 1Y
- 2.94%
- 3Y*
- 2.79%
- 5Y*
- 0.38%
- 10Y*
- —
BSMP vs. BSMQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSMP Invesco BulletShares 2025 Municipal Bond ETF | 0.00% | 2.27% | 2.46% | 3.14% | -5.09% | 0.60% | 4.91% | 0.62% |
BSMQ Invesco BulletShares 2026 Municipal Bond ETF | 1.01% | 3.12% | 1.99% | 3.60% | -7.62% | 1.05% | 5.26% | 0.28% |
Correlation
The correlation between BSMP and BSMQ is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.48 |
Over the past year, the correlation between BSMP and BSMQ has dropped to 0.16 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.
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Return for Risk
BSMP vs. BSMQ — Risk / Return Rank
BSMP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BSMQ
BSMP vs. BSMQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Municipal Bond ETF (BSMP) 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.
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.
| BSMP | BSMQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.46 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 9.00 | — |
| Martin ratioReturn relative to average drawdown | — | 23.77 | — |
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Drawdowns
BSMP vs. BSMQ - Drawdown Comparison
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Drawdown Indicators
| BSMP | BSMQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -13.18% | — |
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 DrawdownCurrent decline from peak | — | -0.08% | — |
Average DrawdownAverage peak-to-trough decline | — | -3.44% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.12% | — |
Volatility
BSMP vs. BSMQ - Volatility Comparison
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Volatility by Period
| BSMP | BSMQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 1.32% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 2.66% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 4.77% | — |
BSMP vs. BSMQ - Expense Ratio Comparison
Both BSMP and BSMQ have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BSMP vs. BSMQ - Dividend Comparison
BSMP's dividend yield for the trailing twelve months is around 1.05%, less than BSMQ's 2.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSMP Invesco BulletShares 2025 Municipal Bond ETF | 1.05% | 2.35% | 2.53% | 2.20% | 1.23% | 0.72% | 1.32% | 0.35% |
BSMQ Invesco BulletShares 2026 Municipal Bond ETF | 2.75% | 2.74% | 2.75% | 2.47% | 1.60% | 1.14% | 1.57% | 0.44% |
Frequently Asked Questions
BSMP and BSMQ have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BSMP and BSMQ have the same expense ratio: 0.18% per year.
BSMQ has the higher dividend yield at 2.75%, compared with 1.05% for BSMP.
BSMP tracks Invesco BulletShares Municipal Bond 2025 Index, while BSMQ tracks Invesco BulletShares Municipal Bond 2026 Index.
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