BSMR vs. BLOX

Last updated Jun 24, 2026

BSMR (Invesco BulletShares 2027 Municipal Bond ETF) and BLOX (Nicholas Crypto Income ETF) are both exchange-traded funds - BSMR is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2027 Index, while BLOX is a Cryptocurrency fund actively managed by Nicholas. BSMR is passively managed, while BLOX is actively managed. Over the past year, BSMR returned 3.82% vs 25.91% for BLOX. At a 0.04 correlation, their price movements are largely independent. BSMR charges 0.18%/yr vs 1.03%/yr for BLOX.

Performance

BSMR vs. BLOX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2027 Municipal Bond ETF (BSMR) and Nicholas Crypto Income ETF (BLOX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSMR achieves a 1.25% return, which is significantly lower than BLOX's 14.14% return.

BSMR

• 1D: -0.06%
• 1M: 0.50%
• YTD: 1.25%
• 6M: 1.38%
• 1Y: 3.82%
• 3Y*: 2.84%
• 5Y*: 0.51%
• 10Y*: —

BLOX

• 1D: -2.16%
• 1M: 1.81%
• YTD: 14.14%
• 6M: 8.96%
• 1Y: 25.91%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSMR vs. BLOX - Yearly Performance Comparison

	2026 (YTD)	2025
BSMR Invesco BulletShares 2027 Municipal Bond ETF	1.25%	2.86%
BLOX Nicholas Crypto Income ETF	14.14%	8.17%

Correlation

The correlation between BSMR and BLOX is 0.05, 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 (1Y) Calculated over the trailing 1-year period	0.05
Correlation (All Time) Calculated using the full available price history since Jun 17, 2025	0.04

Return for Risk

BSMR vs. BLOX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSMR

BSMR Risk / Return Rank: 94
BSMR Sharpe Ratio Rank: 92
BSMR Sortino Ratio Rank: 96
BSMR Omega Ratio Rank: 94
BSMR Calmar Ratio Rank: 94
BSMR Martin Ratio Rank: 92

BLOX

BLOX Risk / Return Rank: 16
BLOX Sharpe Ratio Rank: 16
BLOX Sortino Ratio Rank: 19
BLOX Omega Ratio Rank: 18
BLOX Calmar Ratio Rank: 15
BLOX Martin Ratio Rank: 14

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.

BSMR vs. BLOX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2027 Municipal Bond ETF (BSMR) and Nicholas Crypto Income ETF (BLOX). 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.

	BSMR	BLOX	Difference
Sharpe ratio: Return per unit of total volatility	3.01	0.48	+2.53
Sortino ratio: Return per unit of downside risk	5.01	1.00	+4.01
Omega ratio: Gain probability vs. loss probability	1.65	1.12	+0.53
Calmar ratio: Return relative to maximum drawdown	6.78	0.55	+6.23
Martin ratio: Return relative to average drawdown	21.35	1.11	+20.24

BSMR vs. BLOX - Sharpe Ratio Comparison

The current BSMR Sharpe Ratio is 3.01, which is higher than the BLOX Sharpe Ratio of 0.48. The chart below compares the historical Sharpe Ratios of BSMR and BLOX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BSMR vs. BLOX - Drawdown Comparison

The maximum BSMR drawdown since its inception was -13.49%, smaller than the maximum BLOX drawdown of -47.09%. Use the drawdown chart below to compare losses from any high point for BSMR and BLOX.

Drawdown Indicators

	BSMR	BLOX	Difference
Max Drawdown Largest peak-to-trough decline	-13.49%	-47.09%	+33.60%
Max Drawdown (1Y) Largest decline over 1 year	-0.57%	-47.09%	+46.52%
Max Drawdown (3Y) Largest decline over 3 years	-3.50%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.02%	—	—
Current Drawdown Current decline from peak	-0.06%	-21.10%	+21.04%
Average Drawdown Average peak-to-trough decline	-3.46%	-18.66%	+15.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.18%	23.45%	-23.27%

Volatility

BSMR vs. BLOX - Volatility Comparison

The current volatility for Invesco BulletShares 2027 Municipal Bond ETF (BSMR) is 0.42%, while Nicholas Crypto Income ETF (BLOX) has a volatility of 15.68%. This indicates that BSMR experiences smaller price fluctuations and is considered to be less risky than BLOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSMR	BLOX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.42%	15.68%	-15.26%
Volatility (6M) Calculated over the trailing 6-month period	0.97%	41.09%	-40.12%
Volatility (1Y) Calculated over the trailing 1-year period	1.28%	54.17%	-52.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.02%	53.89%	-50.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.70%	53.89%	-48.19%

BSMR vs. BLOX - Expense Ratio Comparison

BSMR has a 0.18% expense ratio, which is lower than BLOX's 1.03% expense ratio.

Dividends

BSMR vs. BLOX - Dividend Comparison

BSMR's dividend yield for the trailing twelve months is around 2.71%, less than BLOX's 40.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BLOX Nicholas Crypto Income ETF	40.47%	22.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BSMR Invesco BulletShares 2027 Municipal Bond ETF	2.71%	2.77%	2.78%	2.72%	1.40%	1.00%	1.49%	0.45%

Frequently Asked Questions

Can I hold both BSMR and BLOX in my portfolio?

BSMR and BLOX have a correlation of 0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSMR or BLOX?

BLOX has higher volatility (15.68%) compared to BSMR (0.42%). In terms of maximum drawdown, BSMR dropped -13.49% vs BLOX's -47.09%.

Which ETF is better, BSMR or BLOX?

On 1-year performance, BLOX leads with 25.91% vs 3.82% for BSMR. On fees, BSMR is cheaper at 0.18% per year. On volatility, BSMR has been the lower-risk option at 0.42%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSMR or BLOX?

Over the 1-year period, BLOX has performed better with a 25.91% return vs 3.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSMR or BLOX?

BSMR is cheaper with a 0.18% expense ratio, compared with 1.03% for BLOX.

Which ETF pays a higher dividend yield, BSMR or BLOX?

BLOX has the higher dividend yield at 40.47%, compared with 2.71% for BSMR.

What is the main difference between BSMR and BLOX?

BSMR is categorized as Municipal Bonds, while BLOX is Cryptocurrency. They also come from different issuers: Invesco and Nicholas. Their fees differ too: 0.18% for BSMR and 1.03% for BLOX.

Which has better risk-adjusted returns?

BSMR currently has the higher Sharpe Ratio (3.01 vs 0.48), 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.