BSMR vs. FTNY
BSMR (Invesco BulletShares 2027 Municipal Bond ETF) and FTNY (Franklin New York Municipal Income ETF) are both Municipal Bonds funds. BSMR is passively managed, while FTNY is actively managed. Their 0.25 correlation means their historical movements had little consistent relationship. BSMR charges 0.18%/yr vs 0.36%/yr for FTNY.
Performance
BSMR vs. FTNY - Performance Comparison
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Returns By Period
In the year-to-date period, BSMR achieves a 1.25% return, which is significantly higher than FTNY's 1.04% return.
BSMR
- 1D
- 0.04%
- 1M
- 0.06%
- 6M
- 0.87%
- YTD
- 1.25%
- 1Y
- 2.73%
- 3Y*
- 3.03%
- 5Y*
- 0.34%
- 10Y*
- —
- ALL TIME*
- 1.23%
FTNY
- 1D
- 0.27%
- 1M
- -2.25%
- 6M
- 0.21%
- YTD
- 1.04%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.07M | $1.14M | $1.34M | |
| $967.10K | $1.33M | $1.43M |
BSMR vs. FTNY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BSMR Invesco BulletShares 2027 Municipal Bond ETF | 1.25% | 0.49% |
FTNY Franklin New York Municipal Income ETF | 1.04% | -0.24% |
Correlation
The correlation between BSMR and FTNY is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 27, 2025 | 0.25 |
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Return for Risk
BSMR vs. FTNY — Risk / Return Rank
BSMR
FTNY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BSMR vs. FTNY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2027 Municipal Bond ETF (BSMR) and Franklin New York Municipal Income ETF (FTNY). 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 | FTNY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | — | — |
| Martin ratioReturn relative to average drawdown | 14.99 | — | — |
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Drawdowns
BSMR vs. FTNY - Drawdown Comparison
The maximum BSMR drawdown since its inception was -13.49%, which is greater than FTNY's maximum drawdown of -3.08%. Use the drawdown chart below to compare losses from any high point for BSMR and FTNY.
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Drawdown Indicators
| BSMR | FTNY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -3.08% | -10.41% |
Max Drawdown (1Y)Largest decline over 1 year | -0.57% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -2.91% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -11.89% | — | — |
Current DrawdownCurrent decline from peak | -0.07% | -2.37% | +2.30% |
Average DrawdownAverage peak-to-trough decline | -3.41% | -0.71% | -2.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | — | — |
Volatility
BSMR vs. FTNY - Volatility Comparison
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Volatility by Period
| BSMR | FTNY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.44% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.26% | 4.11% | -2.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.01% | 4.11% | -1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.66% | 4.11% | +1.55% |
BSMR vs. FTNY - Expense Ratio Comparison
BSMR has a 0.18% expense ratio, which is lower than FTNY's 0.36% expense ratio.
Dividends
BSMR vs. FTNY - Dividend Comparison
BSMR's dividend yield for the trailing twelve months is around 2.70%, less than FTNY's 3.02% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSMR Invesco BulletShares 2027 Municipal Bond ETF | 2.70% | 2.77% | 2.78% | 2.72% | 1.40% | 1.00% | 1.49% | 0.45% |
FTNY Franklin New York Municipal Income ETF | 3.02% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BSMR and FTNY have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BSMR is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BSMR is cheaper with a 0.18% expense ratio, compared with 0.36% for FTNY.
FTNY has the higher dividend yield at 3.02%, compared with 2.70% for BSMR.
They also come from different issuers: Invesco and Franklin Templeton. Their fees differ too: 0.18% for BSMR and 0.36% for FTNY.
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