BSMP vs. THYM

Last updated Jun 5, 2026

BSMP (Invesco BulletShares 2025 Municipal Bond ETF) and THYM (T. Rowe Price High Income Municipal ETF) are both exchange-traded funds - BSMP is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2025 Index, while THYM is a High Yield Muni fund actively managed by T. Rowe Price. BSMP is passively managed, while THYM is actively managed. At a correlation of -0.01, they often move in opposite directions. BSMP charges 0.18%/yr vs 0.32%/yr for THYM.

Performance

BSMP vs. THYM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2025 Municipal Bond ETF (BSMP) and T. Rowe Price High Income Municipal ETF (THYM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSMP

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

THYM

• 1D: 0.36%
• 1M: 1.53%
• YTD: 3.70%
• 6M: 4.04%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSMP vs. THYM - Yearly Performance Comparison

	2026 (YTD)	2025
BSMP Invesco BulletShares 2025 Municipal Bond ETF	0.00%	0.03%
THYM T. Rowe Price High Income Municipal ETF	3.70%	0.27%

Correlation

The correlation between BSMP and THYM is -0.01, 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 (All Time) Calculated using the full available price history since Nov 21, 2025	-0.01

Return for Risk

BSMP vs. THYM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Municipal Bond ETF (BSMP) and T. Rowe Price High Income Municipal ETF (THYM). 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	THYM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.77	—

Drawdowns

Drawdown Indicators

	BSMP	THYM	Difference
Max Drawdown Largest peak-to-trough decline	—	-2.93%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.49%	—

Volatility

Volatility by Period

	BSMP	THYM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	4.35%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	4.35%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	4.35%	—

BSMP vs. THYM - Expense Ratio Comparison

BSMP has a 0.18% expense ratio, which is lower than THYM's 0.32% expense ratio.

Dividends

BSMP vs. THYM - Dividend Comparison

BSMP's dividend yield for the trailing twelve months is around 1.27%, less than THYM's 2.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BSMP Invesco BulletShares 2025 Municipal Bond ETF	1.27%	2.35%	2.53%	2.20%	1.23%	0.72%	1.32%	0.35%
THYM T. Rowe Price High Income Municipal ETF	2.18%	0.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSMP and THYM in my portfolio?

BSMP and THYM have a correlation of -0.01, 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 THYM?

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 THYM?

BSMP is cheaper with a 0.18% expense ratio, compared with 0.32% for THYM.

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

THYM has the higher dividend yield at 2.18%, compared with 1.27% for BSMP.

What is the main difference between BSMP and THYM?

BSMP is categorized as Municipal Bonds, while THYM is High Yield Muni. They also come from different issuers: Invesco and T. Rowe Price. Their fees differ too: 0.18% for BSMP and 0.32% for THYM.