BSMQ vs. MEAR
BSMQ (Invesco BulletShares 2026 Municipal Bond ETF) and MEAR (iShares Short Maturity Municipal Bond ETF) are both Municipal Bonds funds. BSMQ is passively managed, while MEAR is actively managed. Over the past 5 years, BSMQ returned 0.26%/yr vs 2.44%/yr for MEAR. Their 0.21 correlation means their historical movements had little consistent relationship. BSMQ charges 0.18%/yr vs 0.25%/yr for MEAR.
Performance
BSMQ vs. MEAR - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BSMQ having a 1.21% return and MEAR slightly lower at 1.20%.
BSMQ
- 1D
- 0.04%
- 1M
- 0.20%
- 6M
- 0.98%
- YTD
- 1.21%
- 1Y
- 2.94%
- 3Y*
- 2.88%
- 5Y*
- 0.26%
- 10Y*
- —
- ALL TIME*
- 1.22%
MEAR
- 1D
- 0.00%
- 1M
- -0.08%
- 6M
- 0.78%
- YTD
- 1.20%
- 1Y
- 2.66%
- 3Y*
- 3.39%
- 5Y*
- 2.44%
- 10Y*
- 1.77%
- ALL TIME*
- 1.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $752.85K | $1.46M | $1.59M | |
| $7.71M | $10.68M | $9.16M |
BSMQ vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSMQ Invesco BulletShares 2026 Municipal Bond ETF | 1.21% | 3.12% | 1.99% | 3.60% | -7.62% | 1.05% | 5.26% | 0.28% |
MEAR iShares Short Maturity Municipal Bond ETF | 1.20% | 3.76% | 3.40% | 3.93% | 0.10% | 0.05% | 1.18% | 0.45% |
Correlation
The correlation between BSMQ and MEAR is 0.07, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.07 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.21 |
The correlation between BSMQ and MEAR shifts across timeframes, from 0.07 (1 year) to 0.25 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BSMQ vs. MEAR — Risk / Return Rank
BSMQ
MEAR
BSMQ vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) and iShares Short Maturity Municipal Bond ETF (MEAR). 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.
| BSMQ | MEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.65 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 10.33 | 5.63 | +4.70 |
| Martin ratioReturn relative to average drawdown | 27.47 | 22.30 | +5.17 |
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Drawdowns
BSMQ vs. MEAR - Drawdown Comparison
The maximum BSMQ drawdown since its inception was -13.18%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for BSMQ and MEAR.
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Drawdown Indicators
| BSMQ | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.18% | -2.68% | -10.50% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -0.47% | +0.17% |
Max Drawdown (3Y)Largest decline over 3 years | -2.05% | -0.86% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -11.50% | -1.10% | -10.40% |
Max Drawdown (10Y)Largest decline over 10 years | — | -2.68% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.08% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -3.39% | -0.19% | -3.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.12% | -0.01% |
Volatility
BSMQ vs. MEAR - Volatility Comparison
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) and iShares Short Maturity Municipal Bond ETF (MEAR) have volatilities of 0.26% and 0.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSMQ | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.26% | 0.27% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 0.63% | +0.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.30% | 0.89% | +0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.65% | 0.99% | +1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.74% | 1.51% | +3.23% |
BSMQ vs. MEAR - Expense Ratio Comparison
BSMQ has a 0.18% expense ratio, which is lower than MEAR's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BSMQ vs. MEAR - Dividend Comparison
BSMQ's dividend yield for the trailing twelve months is around 2.75%, less than MEAR's 2.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMQ Invesco BulletShares 2026 Municipal Bond ETF | 2.75% | 2.74% | 2.75% | 2.47% | 1.60% | 1.14% | 1.57% | 0.44% | 0.00% | 0.00% | 0.00% | 0.00% |
MEAR iShares Short Maturity Municipal Bond ETF | 2.60% | 2.95% | 3.44% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% |
Frequently Asked Questions
BSMQ and MEAR have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MEAR has higher volatility (0.27%) compared to BSMQ (0.26%). In terms of maximum drawdown, BSMQ dropped -13.18% vs MEAR's -2.68%.
On 5-year performance, MEAR leads with 2.44% vs 0.26% for BSMQ. On fees, BSMQ is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MEAR has performed better with a 2.44% return vs 0.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMQ is cheaper with a 0.18% expense ratio, compared with 0.25% for MEAR.
BSMQ has the higher dividend yield at 2.75%, compared with 2.60% for MEAR.
They also come from different issuers: Invesco and iShares. Their fees differ too: 0.18% for BSMQ and 0.25% for MEAR.
MEAR currently has the higher Sharpe Ratio (2.96 vs 2.36), 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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