BSMP vs. HYMB
BSMP (Invesco BulletShares 2025 Municipal Bond ETF) and HYMB (SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF) are both Municipal Bonds funds - BSMP tracks the Invesco BulletShares Municipal Bond 2025 Index while HYMB tracks the Bloomberg Municipal Yield. Both are passively managed. At a 0.36 correlation, their price movements are largely independent. BSMP charges 0.18%/yr vs 0.35%/yr for HYMB.
Performance
BSMP vs. HYMB - Performance Comparison
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Returns By Period
BSMP
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYMB
- 1D
- 0.16%
- 1M
- 1.95%
- YTD
- 3.60%
- 6M
- 3.52%
- 1Y
- 7.41%
- 3Y*
- 4.93%
- 5Y*
- 0.47%
- 10Y*
- 2.36%
BSMP vs. HYMB - 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% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 3.60% | 2.04% | 5.52% | 7.73% | -15.54% | 5.16% | 3.74% | 0.78% |
Correlation
The correlation between BSMP and HYMB 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 | 0.29 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.36 |
Over the past year, the correlation between BSMP and HYMB has dropped to 0.13 - well below their long-term average of 0.36, suggesting their price drivers have been diverging.
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Return for Risk
BSMP vs. HYMB — Risk / Return Rank
BSMP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HYMB
BSMP vs. HYMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Municipal Bond ETF (BSMP) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). 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 | HYMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.38 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.40 | — |
| Martin ratioReturn relative to average drawdown | — | 8.49 | — |
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Drawdowns
BSMP vs. HYMB - Drawdown Comparison
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Drawdown Indicators
| BSMP | HYMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -29.57% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.11% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | — | 0.00% | — |
Average DrawdownAverage peak-to-trough decline | — | -3.79% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.87% | — |
Volatility
BSMP vs. HYMB - Volatility Comparison
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Volatility by Period
| BSMP | HYMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.85% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 3.19% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 4.04% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 6.67% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 11.36% | — |
BSMP vs. HYMB - Expense Ratio Comparison
BSMP has a 0.18% expense ratio, which is lower than HYMB's 0.35% expense ratio.
Dividends
BSMP vs. HYMB - Dividend Comparison
BSMP's dividend yield for the trailing twelve months is around 1.05%, less than HYMB's 4.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMP Invesco BulletShares 2025 Municipal Bond ETF | 1.05% | 2.35% | 2.53% | 2.20% | 1.23% | 0.72% | 1.32% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.51% | 4.55% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% |
Frequently Asked Questions
BSMP and HYMB 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.
On fees, BSMP is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BSMP is cheaper with a 0.18% expense ratio, compared with 0.35% for HYMB.
HYMB has the higher dividend yield at 4.51%, compared with 1.05% for BSMP.
BSMP tracks Invesco BulletShares Municipal Bond 2025 Index, while HYMB tracks Bloomberg Municipal Yield. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.18% for BSMP and 0.35% for HYMB.
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