BSMS vs. IVEP

Last updated Jun 4, 2026

BSMS (Invesco BulletShares 2028 Municipal Bond ETF) and IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) are both exchange-traded funds - BSMS is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2028 Index, while IVEP is a Industrials Equities fund tracking the Solactive Wedbush AI Power & Infrastructure Index. Both are passively managed. At a 0.13 correlation, their price movements are largely independent. BSMS charges 0.18%/yr vs 0.75%/yr for IVEP.

Performance

BSMS vs. IVEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2028 Municipal Bond ETF (BSMS) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSMS

• 1D: 0.04%
• 1M: 0.18%
• YTD: 0.82%
• 6M: 1.20%
• 1Y: 4.26%
• 3Y*: 3.05%
• 5Y*: 0.07%
• 10Y*: —

IVEP

• 1D: -0.87%
• 1M: -1.63%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSMS vs. IVEP - Yearly Performance Comparison

	2026 (YTD)
BSMS Invesco BulletShares 2028 Municipal Bond ETF	0.25%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	8.37%

Correlation

The correlation between BSMS and IVEP is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026	0.13

Return for Risk

BSMS vs. IVEP — Risk / Return Rank

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

BSMS

BSMS Risk / Return Rank: 83
BSMS Sharpe Ratio Rank: 86
BSMS Sortino Ratio Rank: 91
BSMS Omega Ratio Rank: 92
BSMS Calmar Ratio Rank: 79
BSMS Martin Ratio Rank: 65

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.

BSMS vs. IVEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2028 Municipal Bond ETF (BSMS) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). 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.

	BSMS	IVEP	Difference
Sharpe ratio: Return per unit of total volatility	2.86	—	—
Sortino ratio: Return per unit of downside risk	4.42	—	—
Omega ratio: Gain probability vs. loss probability	1.63	—	—
Calmar ratio: Return relative to maximum drawdown	4.08	—	—
Martin ratio: Return relative to average drawdown	11.81	—	—
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

	BSMS	IVEP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.86	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.19	2.62	-2.43

Drawdowns

BSMS vs. IVEP - Drawdown Comparison

The maximum BSMS drawdown since its inception was -14.95%, which is greater than IVEP's maximum drawdown of -7.34%. Use the drawdown chart below to compare losses from any high point for BSMS and IVEP.

Drawdown Indicators

	BSMS	IVEP	Difference
Max Drawdown Largest peak-to-trough decline	-14.95%	-7.34%	-7.61%
Max Drawdown (1Y) Largest decline over 1 year	-1.05%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.25%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.95%	—	—
Current Drawdown Current decline from peak	-1.09%	-3.31%	+2.22%
Average Drawdown Average peak-to-trough decline	-4.97%	-1.97%	-3.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	—	—

Volatility

Volatility by Period

	BSMS	IVEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.50%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.50%	26.29%	-24.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.60%	26.29%	-22.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.21%	26.29%	-20.08%

BSMS vs. IVEP - Expense Ratio Comparison

BSMS has a 0.18% expense ratio, which is lower than IVEP's 0.75% expense ratio.

Dividends

BSMS vs. IVEP - Dividend Comparison

BSMS's dividend yield for the trailing twelve months is around 2.77%, while IVEP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BSMS Invesco BulletShares 2028 Municipal Bond ETF	2.77%	2.79%	2.81%	2.58%	1.56%	1.49%	1.61%	0.46%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSMS and IVEP in my portfolio?

BSMS and IVEP have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSMS or IVEP?

On fees, BSMS 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, BSMS or IVEP?

BSMS is cheaper with a 0.18% expense ratio, compared with 0.75% for IVEP.

Which ETF pays a higher dividend yield, BSMS or IVEP?

BSMS has the higher dividend yield at 2.77%, compared with 0.00% for IVEP.

What is the main difference between BSMS and IVEP?

BSMS is categorized as Municipal Bonds, while IVEP is Industrials Equities. BSMS tracks Invesco BulletShares Municipal Bond 2028 Index, while IVEP tracks Solactive Wedbush AI Power & Infrastructure Index. They also come from different issuers: Invesco and Wedbush. Their fees differ too: 0.18% for BSMS and 0.75% for IVEP.