BSMP vs. SPHD
BSMP (Invesco BulletShares 2025 Municipal Bond ETF) and SPHD (Invesco S&P 500® High Dividend Low Volatility ETF) are both exchange-traded funds - BSMP is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2025 Index, while SPHD is a Dividend fund tracking the S&P 500 Low Volatility High Dividend Index. Both are passively managed. At a 0.06 correlation, their price movements are largely independent. BSMP charges 0.18%/yr vs 0.30%/yr for SPHD.
Performance
BSMP vs. SPHD - Performance Comparison
Loading charts...
Returns By Period
BSMP
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPHD
- 1D
- -0.04%
- 1M
- 0.78%
- YTD
- 8.15%
- 6M
- 7.75%
- 1Y
- 11.57%
- 3Y*
- 12.69%
- 5Y*
- 6.90%
- 10Y*
- 7.55%
BSMP vs. SPHD - 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% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 8.15% | 3.41% | 18.08% | 1.32% | 0.58% | 24.98% | -9.98% | 4.79% |
Correlation
The correlation between BSMP and SPHD is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.06 |
The correlation between BSMP and SPHD shifts across timeframes, from -0.02 (1 year) to 0.12 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BSMP vs. SPHD — Risk / Return Rank
BSMP
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SPHD
BSMP vs. SPHD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Municipal Bond ETF (BSMP) and Invesco S&P 500® High Dividend Low Volatility ETF (SPHD). 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 | SPHD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.17 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.59 | — |
| Martin ratioReturn relative to average drawdown | — | 3.89 | — |
Loading charts...
Drawdowns
BSMP vs. SPHD - Drawdown Comparison
Loading charts...
Drawdown Indicators
| BSMP | SPHD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -41.39% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.33% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.50% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.39% | — |
Current DrawdownCurrent decline from peak | — | -1.95% | — |
Average DrawdownAverage peak-to-trough decline | — | -4.69% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.99% | — |
Volatility
BSMP vs. SPHD - Volatility Comparison
Loading charts...
Volatility by Period
| BSMP | SPHD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.23% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 11.45% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 14.16% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 17.64% | — |
BSMP vs. SPHD - Expense Ratio Comparison
BSMP has a 0.18% expense ratio, which is lower than SPHD's 0.30% expense ratio.
Dividends
BSMP vs. SPHD - Dividend Comparison
BSMP's dividend yield for the trailing twelve months is around 1.05%, less than SPHD's 4.60% 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% |
SPHD Invesco S&P 500® High Dividend Low Volatility ETF | 4.60% | 4.02% | 3.41% | 4.48% | 3.89% | 3.45% | 4.89% | 4.07% | 4.40% | 3.14% | 3.83% | 3.49% |
Frequently Asked Questions
BSMP and SPHD have a correlation of -0.02, 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 0.30% for SPHD.
SPHD has the higher dividend yield at 4.60%, compared with 1.05% for BSMP.
BSMP is categorized as Municipal Bonds, while SPHD is Dividend. BSMP tracks Invesco BulletShares Municipal Bond 2025 Index, while SPHD tracks S&P 500 Low Volatility High Dividend Index. Their fees differ too: 0.18% for BSMP and 0.30% for SPHD.
Find the right allocation for BSMP and SPHD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer