BSMR vs. OVM
Compare and contrast key facts about Invesco BulletShares 2027 Municipal Bond ETF (BSMR) and Overlay Shares Municipal Bond ETF (OVM).
BSMR and OVM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSMR is a passively managed fund by Invesco that tracks the performance of the Invesco BulletShares Municipal Bond 2027 Index. It was launched on Sep 25, 2019. OVM is an actively managed fund by Liquid Strategies. It was launched on Sep 30, 2019.
Performance
BSMR vs. OVM - Performance Comparison
Loading graphics...
BSMR vs. OVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSMR Invesco BulletShares 2027 Municipal Bond ETF | 0.62% | 3.10% | 1.51% | 4.47% | -7.60% | 1.09% | 4.97% | 0.16% |
OVM Overlay Shares Municipal Bond ETF | 1.20% | 4.14% | 3.42% | 7.35% | -11.26% | 4.22% | 6.17% | 1.72% |
Returns By Period
In the year-to-date period, BSMR achieves a 0.62% return, which is significantly lower than OVM's 1.20% return.
BSMR
- 1D
- 0.10%
- 1M
- -0.35%
- YTD
- 0.62%
- 6M
- 1.30%
- 1Y
- 3.25%
- 3Y*
- 2.49%
- 5Y*
- 0.67%
- 10Y*
- —
OVM
- 1D
- 0.57%
- 1M
- -1.86%
- YTD
- 1.20%
- 6M
- 3.29%
- 1Y
- 7.50%
- 3Y*
- 4.29%
- 5Y*
- 1.47%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BSMR vs. OVM - Expense Ratio Comparison
BSMR has a 0.18% expense ratio, which is lower than OVM's 0.82% expense ratio.
Return for Risk
BSMR vs. OVM — Risk / Return Rank
BSMR
OVM
BSMR vs. OVM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2027 Municipal Bond ETF (BSMR) and Overlay Shares Municipal Bond ETF (OVM). 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 | OVM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 1.33 | -0.01 |
Sortino ratioReturn per unit of downside risk | 1.70 | 1.86 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.29 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | 2.05 | -0.75 |
Martin ratioReturn relative to average drawdown | 6.24 | 8.19 | -1.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BSMR | OVM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 1.33 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.27 | -0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.37 | -0.16 |
Correlation
The correlation between BSMR and OVM is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BSMR vs. OVM - Dividend Comparison
BSMR's dividend yield for the trailing twelve months is around 2.75%, less than OVM's 6.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSMR Invesco BulletShares 2027 Municipal Bond ETF | 2.75% | 2.77% | 2.78% | 2.72% | 1.40% | 1.00% | 1.49% | 0.45% |
OVM Overlay Shares Municipal Bond ETF | 6.76% | 5.45% | 4.91% | 4.66% | 4.21% | 6.10% | 3.97% | 0.58% |
Drawdowns
BSMR vs. OVM - Drawdown Comparison
The maximum BSMR drawdown since its inception was -13.49%, smaller than the maximum OVM drawdown of -15.58%. Use the drawdown chart below to compare losses from any high point for BSMR and OVM.
Loading graphics...
Drawdown Indicators
| BSMR | OVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.49% | -15.58% | +2.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.60% | -3.89% | +1.29% |
Max Drawdown (5Y)Largest decline over 5 years | -12.02% | -15.58% | +3.56% |
Current DrawdownCurrent decline from peak | -0.37% | -1.86% | +1.49% |
Average DrawdownAverage peak-to-trough decline | -3.57% | -4.11% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.54% | 0.97% | -0.43% |
Volatility
BSMR vs. OVM - Volatility Comparison
The current volatility for Invesco BulletShares 2027 Municipal Bond ETF (BSMR) is 0.41%, while Overlay Shares Municipal Bond ETF (OVM) has a volatility of 1.98%. This indicates that BSMR experiences smaller price fluctuations and is considered to be less risky than OVM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BSMR | OVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.41% | 1.98% | -1.57% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 3.35% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.47% | 5.68% | -3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.04% | 5.37% | -2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.80% | 6.60% | -0.80% |