BSMR vs. LLII

Last updated Jun 4, 2026

BSMR (Invesco BulletShares 2027 Municipal Bond ETF) and LLII (REX LLY Growth & Income ETF) are both exchange-traded funds - BSMR is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2027 Index, while LLII is a Derivative Income fund actively managed by REX. BSMR is passively managed, while LLII is actively managed. At a 0.09 correlation, their price movements are largely independent. BSMR charges 0.18%/yr vs 0.99%/yr for LLII.

Performance

BSMR vs. LLII - Performance Comparison

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

Returns By Period

In the year-to-date period, BSMR achieves a 1.04% return, which is significantly higher than LLII's -5.66% return.

BSMR

• 1D: 0.05%
• 1M: 0.41%
• YTD: 1.04%
• 6M: 1.31%
• 1Y: 4.16%
• 3Y*: 3.03%
• 5Y*: 0.48%
• 10Y*: —

LLII

• 1D: -1.35%
• 1M: 8.45%
• YTD: -5.66%
• 6M: -2.24%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSMR vs. LLII - Yearly Performance Comparison

	2026 (YTD)	2025
BSMR Invesco BulletShares 2027 Municipal Bond ETF	1.04%	0.70%
LLII REX LLY Growth & Income ETF	-5.66%	19.03%

Correlation

The correlation between BSMR and LLII is 0.09, 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 (All Time) Calculated using the full available price history since Nov 5, 2025	0.09

Return for Risk

BSMR vs. LLII — 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: 95
BSMR Calmar Ratio Rank: 94
BSMR Martin Ratio Rank: 92

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. LLII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2027 Municipal Bond ETF (BSMR) and REX LLY Growth & Income ETF (LLII). 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.

	BSMR	LLII	Difference
Sharpe ratio Return per unit of total volatility	3.33	—	—
Sortino ratio Return per unit of downside risk	5.57	—	—
Omega ratio Gain probability vs. loss probability	1.74	—	—
Calmar ratio Return relative to maximum drawdown	7.37	—	—
Martin ratio Return relative to average drawdown	23.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BSMR	LLII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.33	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.16	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.22	0.62	-0.41

Drawdowns

BSMR vs. LLII - Drawdown Comparison

The maximum BSMR drawdown since its inception was -13.49%, smaller than the maximum LLII drawdown of -23.96%. Use the drawdown chart below to compare losses from any high point for BSMR and LLII.

Drawdown Indicators

	BSMR	LLII	Difference
Max Drawdown Largest peak-to-trough decline	-13.49%	-23.96%	+10.47%
Max Drawdown (1Y) Largest decline over 1 year	-0.57%	—	—
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	0.00%	-8.23%	+8.23%
Average Drawdown Average peak-to-trough decline	-3.49%	-9.30%	+5.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.18%	—	—

Volatility

Volatility by Period

	BSMR	LLII	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.34%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.25%	36.51%	-35.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.03%	36.51%	-33.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.72%	36.51%	-30.79%

BSMR vs. LLII - Expense Ratio Comparison

BSMR has a 0.18% expense ratio, which is lower than LLII's 0.99% expense ratio.

Dividends

BSMR vs. LLII - Dividend Comparison

BSMR's dividend yield for the trailing twelve months is around 2.72%, less than LLII's 26.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BSMR Invesco BulletShares 2027 Municipal Bond ETF	2.72%	2.77%	2.78%	2.72%	1.40%	1.00%	1.49%	0.45%
LLII REX LLY Growth & Income ETF	26.33%	5.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSMR and LLII in my portfolio?

BSMR and LLII have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSMR or LLII?

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.

Which ETF is cheaper, BSMR or LLII?

BSMR is cheaper with a 0.18% expense ratio, compared with 0.99% for LLII.

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

LLII has the higher dividend yield at 26.33%, compared with 2.72% for BSMR.

What is the main difference between BSMR and LLII?

BSMR is categorized as Municipal Bonds, while LLII is Derivative Income. They also come from different issuers: Invesco and REX. Their fees differ too: 0.18% for BSMR and 0.99% for LLII.