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BSMQ vs. BSSX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

BSMQ vs. BSSX

Last updated Jun 4, 2026

BSMQ (Invesco BulletShares 2026 Municipal Bond ETF) and BSSX (Invesco BulletShares 2033 Municipal Bond ETF) are both Municipal Bonds funds from Invesco - BSMQ tracks the Invesco BulletShares Municipal Bond 2026 Index while BSSX tracks the Invesco BulletShares USD Municipal Bond 2033 Index. Both are passively managed. Over the past year, BSMQ returned 3.08% vs 6.99% for BSSX. At a 0.43 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.

Performance

BSMQ vs. BSSX - 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 2033 Municipal Bond ETF (BSSX). 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 BSSX's 0.90% return.

BSMQ

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

BSSX

1D
-0.25%
1M
0.47%
YTD
0.90%
6M
1.50%
1Y
6.99%
3Y*
—
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

BSMQ vs. BSSX - Yearly Performance Comparison

2026 (YTD)202520242023
BSMQ
Invesco BulletShares 2026 Municipal Bond ETF		0.73%3.12%1.99%2.83%
BSSX
Invesco BulletShares 2033 Municipal Bond ETF		0.90%3.79%-0.09%7.50%

Correlation

The correlation between BSMQ and BSSX is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.19

Correlation (All Time)
Calculated using the full available price history since Sep 21, 2023

0.43

Over the past year, the correlation between BSMQ and BSSX has dropped to 0.19 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.

BSMQ vs. BSSX - Sectors Allocation Comparison

Sectors
BSMQ
BSSX

Financial Services

2.6%
3.1%

Technology

0.0%

-

Consumer Cyclical

0.0%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Industrials

-

-

Real Estate

-

-

Utilities

-

-

Financial Services

BSMQ
2.6%
BSSX
3.1%

Technology

BSMQ
0.0%
BSSX

-

Consumer Cyclical

BSMQ
0.0%
BSSX

-

Basic Materials

BSMQ

-

BSSX

-

Communication Services

BSMQ

-

BSSX

-

Consumer Defensive

BSMQ

-

BSSX

-

Energy

BSMQ

-

BSSX

-

Healthcare

BSMQ

-

BSSX

-

Industrials

BSMQ

-

BSSX

-

Real Estate

BSMQ

-

BSSX

-

Utilities

BSMQ

-

BSSX

-

Compare stocks, funds, or ETFs

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Invesco BulletShares 2026 Municipal Bond ETF

Invesco BulletShares 2033 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 BSSX:
BSSX vs. IBMOBSSX vs. FMHIBSSX vs. OVMBSSX vs. AMUNBSSX vs. MEARBSSX vs. SPHDBSSX vs. SMMU

Return for Risk

BSMQ vs. BSSX — 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
BSSX
BSSX Risk / Return Rank: 5959
Overall Rank
BSSX Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
BSSX Sortino Ratio Rank: 6969
Sortino Ratio Rank
BSSX Omega Ratio Rank: 7474
Omega Ratio Rank
BSSX Calmar Ratio Rank: 4444
Calmar Ratio Rank
BSSX Martin Ratio Rank: 4242
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. BSSX - 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 2033 Municipal Bond ETF (BSSX). 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.

BSMQBSSXDifference
Sharpe ratioReturn per unit of total volatility
2.32
2.09

+0.23

Sortino ratioReturn per unit of downside risk
3.68
3.12

+0.56

Omega ratioGain probability vs. loss probability

1.48

1.43

+0.05

Calmar ratioReturn relative to maximum drawdown

9.43

2.14

+7.29

Martin ratioReturn relative to average drawdown

24.69

6.69

+18.00

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. BSSX - Sharpe Ratio Comparison

The current BSMQ Sharpe Ratio is 2.32, which is comparable to the BSSX Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of BSMQ and BSSX, 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

BSMQBSSXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.32

2.09

+0.23

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

0.57

-0.33

Drawdowns

BSMQ vs. BSSX - Drawdown Comparison

The maximum BSMQ drawdown since its inception was -13.18%, which is greater than BSSX's maximum drawdown of -8.12%. Use the drawdown chart below to compare losses from any high point for BSMQ and BSSX.

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Drawdown Indicators

BSMQBSSXDifference

Max Drawdown

Largest peak-to-trough decline

-13.18%

-8.12%

-5.06%

Max Drawdown (1Y)

Largest decline over 1 year

-0.33%

-3.28%

+2.95%

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%

-1.12%

+1.00%

Average Drawdown

Average peak-to-trough decline

-3.48%

-3.26%

-0.22%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.12%

1.05%

-0.93%

Volatility

BSMQ vs. BSSX - Volatility Comparison

The current volatility for Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) is 0.39%, while Invesco BulletShares 2033 Municipal Bond ETF (BSSX) has a volatility of 1.16%. This indicates that BSMQ experiences smaller price fluctuations and is considered to be less risky than BSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

BSMQBSSXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.39%

1.16%

-0.77%

Volatility (6M)

Calculated over the trailing 6-month period

0.94%

2.38%

-1.44%

Volatility (1Y)

Calculated over the trailing 1-year period

1.33%

3.36%

-2.03%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

2.68%

7.83%

-5.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.79%

7.83%

-3.04%

BSMQ vs. BSSX - Expense Ratio Comparison

Both BSMQ and BSSX 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. BSSX - Dividend Comparison

BSMQ's dividend yield for the trailing twelve months is around 2.76%, less than BSSX's 3.31% 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%
BSSX
Invesco BulletShares 2033 Municipal Bond ETF		3.31%3.27%3.29%0.95%0.00%0.00%0.00%0.00%

Frequently Asked Questions

BSMQ and BSSX have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BSSX has higher volatility (1.16%) compared to BSMQ (0.39%). In terms of maximum drawdown, BSMQ dropped -13.18% vs BSSX's -8.12%.

On 1-year performance, BSSX leads with 6.99% 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, BSSX has performed better with a 6.99% return vs 3.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

BSSX has the higher dividend yield at 3.31%, compared with 2.76% for BSMQ.

BSMQ tracks Invesco BulletShares Municipal Bond 2026 Index, while BSSX tracks Invesco BulletShares USD Municipal Bond 2033 Index.

BSMQ currently has the higher Sharpe Ratio (2.32 vs 2.09), 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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