BSMP vs. SOXQ
BSMP (Invesco BulletShares 2025 Municipal Bond ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - BSMP is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2025 Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. At a 0.08 correlation, their price movements are largely independent. BSMP charges 0.18%/yr vs 0.19%/yr for SOXQ.
Performance
BSMP vs. SOXQ - Performance Comparison
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Returns By Period
BSMP
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SOXQ
- 1D
- -0.25%
- 1M
- 10.27%
- YTD
- 90.13%
- 6M
- 87.11%
- 1Y
- 148.28%
- 3Y*
- 57.47%
- 5Y*
- 34.11%
- 10Y*
- —
BSMP vs. SOXQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSMP Invesco BulletShares 2025 Municipal Bond ETF | 0.00% | 2.27% | 2.46% | 3.14% | -5.09% | -0.08% |
SOXQ Invesco PHLX Semiconductor ETF | 90.13% | 43.11% | 20.16% | 66.74% | -35.59% | 25.19% |
Correlation
The correlation between BSMP and SOXQ is -0.04, 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 | -0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.07 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2021 | 0.08 |
The correlation between BSMP and SOXQ shifts across timeframes, from -0.04 (1 year) to 0.08 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BSMP vs. SOXQ — Risk / Return Rank
BSMP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SOXQ
BSMP vs. SOXQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Municipal Bond ETF (BSMP) and Invesco PHLX Semiconductor ETF (SOXQ). 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 | SOXQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.55 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 9.57 | — |
| Martin ratioReturn relative to average drawdown | — | 34.13 | — |
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Drawdowns
BSMP vs. SOXQ - Drawdown Comparison
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Drawdown Indicators
| BSMP | SOXQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -46.01% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -15.59% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -39.36% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -46.01% | — |
Current DrawdownCurrent decline from peak | — | -8.05% | — |
Average DrawdownAverage peak-to-trough decline | — | -12.87% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 4.36% | — |
Volatility
BSMP vs. SOXQ - Volatility Comparison
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Volatility by Period
| BSMP | SOXQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 22.00% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 32.41% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 38.78% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 37.33% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 37.22% | — |
BSMP vs. SOXQ - Expense Ratio Comparison
BSMP has a 0.18% expense ratio, which is lower than SOXQ's 0.19% 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. SOXQ - Dividend Comparison
BSMP's dividend yield for the trailing twelve months is around 1.05%, more than SOXQ's 0.27% 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% |
SOXQ Invesco PHLX Semiconductor ETF | 0.27% | 0.50% | 0.68% | 0.87% | 1.36% | 0.72% | 0.00% | 0.00% |
Frequently Asked Questions
BSMP and SOXQ have a correlation of -0.04, 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 0.19% for SOXQ.
BSMP has the higher dividend yield at 1.05%, compared with 0.27% for SOXQ.
BSMP is categorized as Municipal Bonds, while SOXQ is Semiconductors. BSMP tracks Invesco BulletShares Municipal Bond 2025 Index, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.18% for BSMP and 0.19% for SOXQ.
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