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BSMQ vs. BSMY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BSMQ vs. BSMY

Last updated Jun 4, 2026

BSMQ (Invesco BulletShares 2026 Municipal Bond ETF) and BSMY (Invesco BulletShares 2034 Municipal Bond ETF) are both Municipal Bonds funds from Invesco - BSMQ tracks the Invesco BulletShares Municipal Bond 2026 Index while BSMY tracks the Invesco BulletShares USD Municipal Bond 2034 Index. Both are passively managed. Over the past year, BSMQ returned 3.08% vs 8.12% for BSMY. At a 0.41 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.

Performance

BSMQ vs. BSMY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) and Invesco BulletShares 2034 Municipal Bond ETF (BSMY). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, BSMQ achieves a 0.73% return, which is significantly lower than BSMY's 1.43% return.

BSMQ

1D
-0.06%
1M
0.14%
YTD
0.73%
6M
1.17%
1Y
3.08%
3Y*
2.92%
5Y*
0.29%
10Y*
—

BSMY

1D
0.03%
1M
0.52%
YTD
1.43%
6M
1.83%
1Y
8.12%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BSMQ vs. BSMY - Yearly Performance Comparison

2026 (YTD)20252024
BSMQ
Invesco BulletShares 2026 Municipal Bond ETF		0.73%3.12%0.29%
BSMY
Invesco BulletShares 2034 Municipal Bond ETF		1.43%3.82%-1.86%

Correlation

The correlation between BSMQ and BSMY is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.22

Correlation (All Time)
Calculated using the full available price history since Sep 12, 2024

0.41

The correlation between BSMQ and BSMY shifts across timeframes, from 0.22 (1 year) to 0.41 (all time), reflecting how their relationship changes across market environments.

BSMQ vs. BSMY - Sectors Allocation Comparison

Sectors
BSMQ
BSMY

Financial Services

2.6%
2.2%

Technology

0.0%

-

Consumer Cyclical

0.0%
0.2%

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

0.0%

Real Estate

-

-

Utilities

-

-

Financial Services

BSMQ
2.6%
BSMY
2.2%

Technology

BSMQ
0.0%
BSMY

-

Consumer Cyclical

BSMQ
0.0%
BSMY
0.2%

Basic Materials

BSMQ

-

BSMY

-

Communication Services

BSMQ

-

BSMY

-

Consumer Defensive

BSMQ

-

BSMY

-

Energy

BSMQ

-

BSMY

-

Healthcare

BSMQ

-

BSMY

-

Industrials

BSMQ

-

BSMY
0.0%

Real Estate

BSMQ

-

BSMY

-

Utilities

BSMQ

-

BSMY

-

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Invesco BulletShares 2026 Municipal Bond ETF

Invesco BulletShares 2034 Municipal Bond ETF

Often compared with BSMQ:
BSMQ vs. AMUNBSMQ vs. MUBBSMQ vs. RMNYBSMQ vs. CALIBSMQ vs. FUMBBSMQ vs. CABSMQ vs. GUMI
Often compared with BSMY:
BSMY vs. HYMBBSMY vs. BESFBSMY vs. TNGYBSMY vs. IBMMBSMY vs. MEARBSMY vs. CALIBSMY vs. RINT

Return for Risk

BSMQ vs. BSMY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
BSMQ
BSMQ Risk / Return Rank: 8585
Overall Rank
BSMQ Sharpe Ratio Rank: 7171
Sharpe Ratio Rank
BSMQ Sortino Ratio Rank: 8282
Sortino Ratio Rank
BSMQ Omega Ratio Rank: 8181
Omega Ratio Rank
BSMQ Calmar Ratio Rank: 9696
Calmar Ratio Rank
BSMQ Martin Ratio Rank: 9393
Martin Ratio Rank
BSMY
BSMY Risk / Return Rank: 6868
Overall Rank
BSMY Sharpe Ratio Rank: 7373
Sharpe Ratio Rank
BSMY Sortino Ratio Rank: 8080
Sortino Ratio Rank
BSMY Omega Ratio Rank: 8383
Omega Ratio Rank
BSMY Calmar Ratio Rank: 5151
Calmar Ratio Rank
BSMY Martin Ratio Rank: 5252
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSMQ vs. BSMY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) and Invesco BulletShares 2034 Municipal Bond ETF (BSMY). 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.

BSMQBSMYDifference
Sharpe ratioReturn per unit of total volatility
2.32
2.36

-0.03

Sortino ratioReturn per unit of downside risk
3.68
3.56

+0.13

Omega ratioGain probability vs. loss probability

1.48

1.49

-0.01

Calmar ratioReturn relative to maximum drawdown

9.43

2.46

+6.97

Martin ratioReturn relative to average drawdown

24.69

8.53

+16.16

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSMQ vs. BSMY - Sharpe Ratio Comparison

The current BSMQ Sharpe Ratio is 2.32, which is comparable to the BSMY Sharpe Ratio of 2.36. The chart below compares the historical Sharpe Ratios of BSMQ and BSMY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

BSMQBSMYDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.32

2.36

-0.03

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.11

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.25

0.37

-0.13

Drawdowns

BSMQ vs. BSMY - Drawdown Comparison

The maximum BSMQ drawdown since its inception was -13.18%, which is greater than BSMY's maximum drawdown of -6.81%. Use the drawdown chart below to compare losses from any high point for BSMQ and BSMY.

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Drawdown Indicators

BSMQBSMYDifference

Max Drawdown

Largest peak-to-trough decline

-13.18%

-6.81%

-6.37%

Max Drawdown (1Y)

Largest decline over 1 year

-0.33%

-3.31%

+2.98%

Max Drawdown (3Y)

Largest decline over 3 years

-2.53%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-11.50%

—

—

Current Drawdown

Current decline from peak

-0.12%

-0.79%

+0.67%

Average Drawdown

Average peak-to-trough decline

-3.48%

-1.98%

-1.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.12%

0.95%

-0.83%

Volatility

BSMQ vs. BSMY - Volatility Comparison

The current volatility for Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) is 0.39%, while Invesco BulletShares 2034 Municipal Bond ETF (BSMY) has a volatility of 1.28%. This indicates that BSMQ experiences smaller price fluctuations and is considered to be less risky than BSMY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BSMQBSMYDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.39%

1.28%

-0.89%

Volatility (6M)

Calculated over the trailing 6-month period

0.94%

2.55%

-1.61%

Volatility (1Y)

Calculated over the trailing 1-year period

1.33%

3.46%

-2.13%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.68%

5.23%

-2.55%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.79%

5.23%

-0.44%

BSMQ vs. BSMY - Expense Ratio Comparison

Both BSMQ and BSMY have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

BSMQ vs. BSMY - Dividend Comparison

BSMQ's dividend yield for the trailing twelve months is around 2.76%, less than BSMY's 3.53% yield.

PositionTTM2025202420232022202120202019
BSMQ
Invesco BulletShares 2026 Municipal Bond ETF		2.76%2.74%2.75%2.47%1.60%1.14%1.57%0.44%
BSMY
Invesco BulletShares 2034 Municipal Bond ETF		3.53%3.31%0.79%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

BSMQ and BSMY have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BSMY has higher volatility (1.28%) compared to BSMQ (0.39%). In terms of maximum drawdown, BSMQ dropped -13.18% vs BSMY's -6.81%.

On 1-year performance, BSMY leads with 8.12% vs 3.08% for BSMQ. Both ETFs have the same 0.18% expense ratio. On volatility, BSMQ has been the lower-risk option at 0.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, BSMY has performed better with a 8.12% return vs 3.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

BSMQ and BSMY have the same expense ratio: 0.18% per year.

BSMY has the higher dividend yield at 3.53%, compared with 2.76% for BSMQ.

BSMQ tracks Invesco BulletShares Municipal Bond 2026 Index, while BSMY tracks Invesco BulletShares USD Municipal Bond 2034 Index.

BSMY currently has the higher Sharpe Ratio (2.36 vs 2.32), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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