BSMP vs. MEAR
BSMP (Invesco BulletShares 2025 Municipal Bond ETF) and MEAR (iShares Short Maturity Municipal Bond ETF) are both Municipal Bonds funds. BSMP is passively managed, while MEAR is actively managed. At a 0.18 correlation, their price movements are largely independent. BSMP charges 0.18%/yr vs 0.25%/yr for MEAR.
Performance
BSMP vs. MEAR - Performance Comparison
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Returns By Period
BSMP
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEAR
- 1D
- -0.04%
- 1M
- 0.26%
- YTD
- 1.02%
- 6M
- 1.28%
- 1Y
- 3.23%
- 3Y*
- 3.55%
- 5Y*
- 2.42%
- 10Y*
- 1.78%
BSMP vs. MEAR - 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% |
MEAR iShares Short Maturity Municipal Bond ETF | 1.02% | 3.76% | 3.40% | 3.93% | 0.10% | 0.05% | 1.18% | 0.40% |
Correlation
The correlation between BSMP and MEAR is -0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.15 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019 | 0.18 |
The correlation between BSMP and MEAR shifts across timeframes, from -0.00 (1 year) to 0.20 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BSMP vs. MEAR — Risk / Return Rank
BSMP
MEAR
BSMP vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Municipal Bond ETF (BSMP) and iShares Short Maturity Municipal Bond ETF (MEAR). 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.
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Sharpe Ratios by Period
| BSMP | MEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 3.78 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.47 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 1.11 | — |
Drawdowns
BSMP vs. MEAR - Drawdown Comparison
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Drawdown Indicators
| BSMP | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -2.68% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.47% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.86% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -2.68% | — |
Current DrawdownCurrent decline from peak | — | -0.04% | — |
Average DrawdownAverage peak-to-trough decline | — | -0.19% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.11% | — |
Volatility
BSMP vs. MEAR - Volatility Comparison
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Volatility by Period
| BSMP | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.24% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.61% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 0.86% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 0.98% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 1.52% | — |
BSMP vs. MEAR - Expense Ratio Comparison
BSMP has a 0.18% expense ratio, which is lower than MEAR's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BSMP vs. MEAR - Dividend Comparison
BSMP's dividend yield for the trailing twelve months is around 1.27%, less than MEAR's 2.84% 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% |
MEAR iShares Short Maturity Municipal Bond ETF | 2.84% | 2.95% | 3.44% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% |
Frequently Asked Questions
BSMP and MEAR have a correlation of -0.00, 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 0.25% for MEAR.
MEAR has the higher dividend yield at 2.84%, compared with 1.27% for BSMP.
They also come from different issuers: Invesco and iShares. Their fees differ too: 0.18% for BSMP and 0.25% for MEAR.
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