BSMP vs. IEO

Last updated Jun 5, 2026

BSMP (Invesco BulletShares 2025 Municipal Bond ETF) and IEO (iShares U.S. Oil & Gas Exploration & Production ETF) are both exchange-traded funds - BSMP is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2025 Index, while IEO is a Energy Equities fund tracking the Dow Jones U.S. Select Oil Exploration & Production Index. Both are passively managed. At a correlation of -0.05, they often move in opposite directions. BSMP charges 0.18%/yr vs 0.42%/yr for IEO.

Performance

BSMP vs. IEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2025 Municipal Bond ETF (BSMP) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSMP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

IEO

• 1D: -0.27%
• 1M: -3.10%
• YTD: 34.23%
• 6M: 25.78%
• 1Y: 43.06%
• 3Y*: 16.29%
• 5Y*: 18.90%
• 10Y*: 10.17%

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

BSMP vs. IEO - 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%	0.58%
IEO iShares U.S. Oil & Gas Exploration & Production ETF	34.23%	2.15%	-1.45%	3.57%	57.82%	75.57%	-32.77%	8.82%

Correlation

The correlation between BSMP and IEO is -0.13, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.13
Correlation (3Y) Calculated over the trailing 3-year period	-0.04
Correlation (5Y) Calculated over the trailing 5-year period	-0.04
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	-0.05

BSMP vs. IEO - Sectors Allocation Comparison

Sectors	BSMP	IEO
Financial Services	50.3%	-
Real Estate	2.7%	-
Industrials	0.4%	-
Consumer Cyclical	0.0%	-
Communication Services	0.0%	-
Basic Materials	-	0.7%
Consumer Defensive	-	-
Energy	-	99.3%
Healthcare	-	-
Technology	-	-
Utilities	-	-

Return for Risk

BSMP vs. IEO — Risk / Return Rank

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

IEO

IEO Risk / Return Rank: 51
IEO Sharpe Ratio Rank: 51
IEO Sortino Ratio Rank: 46
IEO Omega Ratio Rank: 45
IEO Calmar Ratio Rank: 62
IEO Martin Ratio Rank: 49

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.

BSMP vs. IEO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Municipal Bond ETF (BSMP) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). 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

	BSMP	IEO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.73	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.62	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.29	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.17	—

Drawdowns

Drawdown Indicators

	BSMP	IEO	Difference
Max Drawdown Largest peak-to-trough decline	—	-79.17%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-14.30%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-31.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-75.00%	—
Current Drawdown Current decline from peak	—	-7.55%	—
Average Drawdown Average peak-to-trough decline	—	-26.27%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.30%	—

Volatility

Volatility by Period

	BSMP	IEO	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	9.31%	—
Volatility (6M) Calculated over the trailing 6-month period	—	19.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	25.11%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	30.53%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	34.99%	—

BSMP vs. IEO - Expense Ratio Comparison

BSMP has a 0.18% expense ratio, which is lower than IEO's 0.42% expense ratio.

Dividends

BSMP vs. IEO - Dividend Comparison

BSMP's dividend yield for the trailing twelve months is around 1.27%, less than IEO's 1.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSMP Invesco BulletShares 2025 Municipal Bond ETF	1.27%	2.35%	2.53%	2.20%	1.23%	0.72%	1.32%	0.35%	0.00%	0.00%	0.00%	0.00%
IEO iShares U.S. Oil & Gas Exploration & Production ETF	1.97%	2.61%	2.63%	3.00%	3.77%	2.62%	3.17%	1.85%	1.67%	0.94%	0.98%	2.03%

Frequently Asked Questions

Can I hold both BSMP and IEO in my portfolio?

BSMP and IEO 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.

Which ETF is better, BSMP or IEO?

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.

Which ETF is cheaper, BSMP or IEO?

BSMP is cheaper with a 0.18% expense ratio, compared with 0.42% for IEO.

Which ETF pays a higher dividend yield, BSMP or IEO?

IEO has the higher dividend yield at 1.97%, compared with 1.27% for BSMP.

What is the main difference between BSMP and IEO?

BSMP is categorized as Municipal Bonds, while IEO is Energy Equities. BSMP tracks Invesco BulletShares Municipal Bond 2025 Index, while IEO tracks Dow Jones U.S. Select Oil Exploration & Production Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.18% for BSMP and 0.42% for IEO.