Correlation
The correlation between BSMS and BSMT is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BSMS vs. BSMT
Compare and contrast key facts about Invesco BulletShares 2028 Municipal Bond ETF (BSMS) and Invesco BulletShares 2029 Municipal Bond ETF (BSMT).
BSMS and BSMT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSMS is a passively managed fund by Invesco that tracks the performance of the Invesco BulletShares Municipal Bond 2028 Index. It was launched on Sep 25, 2019. BSMT is a passively managed fund by Invesco that tracks the performance of the Invesco BulletShares Municipal Bond 2029 Index. It was launched on Sep 25, 2019. Both BSMS and BSMT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSMS or BSMT.
Performance
BSMS vs. BSMT - Performance Comparison
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Key characteristics
BSMS:
0.85
BSMT:
0.50
BSMS:
0.99
BSMT:
0.58
BSMS:
1.16
BSMT:
1.09
BSMS:
0.36
BSMT:
0.21
BSMS:
2.82
BSMT:
1.49
BSMS:
1.02%
BSMT:
1.27%
BSMS:
3.80%
BSMT:
4.40%
BSMS:
-14.96%
BSMT:
-16.19%
BSMS:
-4.99%
BSMT:
-6.90%
Returns By Period
In the year-to-date period, BSMS achieves a 0.34% return, which is significantly higher than BSMT's -0.39% return.
BSMS
0.34%
0.84%
-0.44%
3.19%
1.74%
0.47%
N/A
BSMT
-0.39%
0.45%
-1.34%
2.18%
1.33%
-0.03%
N/A
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BSMS vs. BSMT - Expense Ratio Comparison
Both BSMS and BSMT have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
BSMS vs. BSMT — Risk-Adjusted Performance Rank
BSMS
BSMT
BSMS vs. BSMT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2028 Municipal Bond ETF (BSMS) and Invesco BulletShares 2029 Municipal Bond ETF (BSMT). 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.
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Dividends
BSMS vs. BSMT - Dividend Comparison
BSMS's dividend yield for the trailing twelve months is around 2.84%, less than BSMT's 2.89% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
BSMS Invesco BulletShares 2028 Municipal Bond ETF | 2.84% | 2.81% | 2.58% | 1.56% | 1.49% | 1.76% | 0.46% |
BSMT Invesco BulletShares 2029 Municipal Bond ETF | 2.89% | 2.80% | 2.62% | 1.65% | 1.31% | 1.82% | 0.48% |
Drawdowns
BSMS vs. BSMT - Drawdown Comparison
The maximum BSMS drawdown since its inception was -14.96%, smaller than the maximum BSMT drawdown of -16.19%. Use the drawdown chart below to compare losses from any high point for BSMS and BSMT.
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Volatility
BSMS vs. BSMT - Volatility Comparison
Invesco BulletShares 2028 Municipal Bond ETF (BSMS) has a higher volatility of 0.92% compared to Invesco BulletShares 2029 Municipal Bond ETF (BSMT) at 0.81%. This indicates that BSMS's price experiences larger fluctuations and is considered to be riskier than BSMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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