BSMP vs. ZTAX
Compare and contrast key facts about Invesco BulletShares 2025 Municipal Bond ETF (BSMP) and X-Square Municipal Income Tax Free ETF (ZTAX).
BSMP and ZTAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSMP is a passively managed fund by Invesco that tracks the performance of the Invesco BulletShares Municipal Bond 2025 Index. It was launched on Sep 25, 2019. ZTAX is an actively managed fund by X-Square. It was launched on May 18, 2023.
Performance
BSMP vs. ZTAX - Performance Comparison
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BSMP vs. ZTAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BSMP Invesco BulletShares 2025 Municipal Bond ETF | 0.00% | 2.27% | 2.46% | 2.67% |
ZTAX X-Square Municipal Income Tax Free ETF | 0.90% | -1.02% | 7.98% | 9.14% |
Returns By Period
BSMP
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZTAX
- 1D
- -2.16%
- 1M
- 1.00%
- YTD
- 0.90%
- 6M
- 4.68%
- 1Y
- 5.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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BSMP vs. ZTAX - Expense Ratio Comparison
BSMP has a 0.18% expense ratio, which is lower than ZTAX's 1.14% expense ratio.
Return for Risk
BSMP vs. ZTAX — Risk / Return Rank
BSMP
ZTAX
BSMP vs. ZTAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Municipal Bond ETF (BSMP) and X-Square Municipal Income Tax Free ETF (ZTAX). 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 | ZTAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.21 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | — | 0.22 | — |
Correlation
The correlation between BSMP and ZTAX is -0.00. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
BSMP vs. ZTAX - Dividend Comparison
BSMP's dividend yield for the trailing twelve months is around 1.72%, less than ZTAX's 4.52% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSMP Invesco BulletShares 2025 Municipal Bond ETF | 1.72% | 2.35% | 2.53% | 2.20% | 1.23% | 0.72% | 1.32% | 0.35% |
ZTAX X-Square Municipal Income Tax Free ETF | 4.52% | 4.58% | 4.55% | 2.14% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSMP vs. ZTAX - Drawdown Comparison
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Drawdown Indicators
| BSMP | ZTAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | — | -15.33% | — |
Max Drawdown (1Y)Largest decline over 1 year | — | -10.47% | — |
Current DrawdownCurrent decline from peak | — | -5.92% | — |
Average DrawdownAverage peak-to-trough decline | — | -6.88% | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.91% | — |
Volatility
BSMP vs. ZTAX - Volatility Comparison
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Volatility by Period
| BSMP | ZTAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.50% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 24.09% | — |
Volatility (1Y)Calculated over the trailing 1-year period | — | 25.95% | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | — | 27.27% | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | — | 27.27% | — |