BSMS vs. QQQ
Compare and contrast key facts about Invesco BulletShares 2028 Municipal Bond ETF (BSMS) and Invesco QQQ ETF (QQQ).
BSMS and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both BSMS and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BSMS vs. QQQ - Performance Comparison
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BSMS vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSMS Invesco BulletShares 2028 Municipal Bond ETF | 0.23% | 3.61% | 1.00% | 4.99% | -9.93% | 1.50% | 6.55% | 0.22% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 12.51% |
Returns By Period
In the year-to-date period, BSMS achieves a 0.23% return, which is significantly higher than QQQ's -5.93% return.
BSMS
- 1D
- 0.04%
- 1M
- -0.96%
- YTD
- 0.23%
- 6M
- 1.28%
- 1Y
- 3.82%
- 3Y*
- 2.42%
- 5Y*
- 0.31%
- 10Y*
- —
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
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BSMS vs. QQQ - Expense Ratio Comparison
Both BSMS and QQQ 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%.
Return for Risk
BSMS vs. QQQ — Risk / Return Rank
BSMS
QQQ
BSMS vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2028 Municipal Bond ETF (BSMS) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.30 | 1.05 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.59 | 1.63 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.23 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.29 | 1.88 | -0.58 |
Martin ratioReturn relative to average drawdown | 5.65 | 6.95 | -1.30 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSMS | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.30 | 1.05 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.58 | -0.49 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.85 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.37 | -0.19 |
Correlation
The correlation between BSMS and QQQ 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.
Dividends
BSMS vs. QQQ - Dividend Comparison
BSMS's dividend yield for the trailing twelve months is around 2.79%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMS Invesco BulletShares 2028 Municipal Bond ETF | 2.79% | 2.79% | 2.81% | 2.58% | 1.56% | 1.49% | 1.61% | 0.46% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
BSMS vs. QQQ - Drawdown Comparison
The maximum BSMS drawdown since its inception was -14.95%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for BSMS and QQQ.
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Drawdown Indicators
| BSMS | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.95% | -82.97% | +68.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -12.62% | +9.66% |
Max Drawdown (5Y)Largest decline over 5 years | -14.95% | -35.12% | +20.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.12% | — |
Current DrawdownCurrent decline from peak | -1.67% | -8.98% | +7.31% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -32.99% | +27.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 3.41% | -2.73% |
Volatility
BSMS vs. QQQ - Volatility Comparison
The current volatility for Invesco BulletShares 2028 Municipal Bond ETF (BSMS) is 0.45%, while Invesco QQQ ETF (QQQ) has a volatility of 6.51%. This indicates that BSMS experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSMS | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.45% | 6.51% | -6.06% |
Volatility (6M)Calculated over the trailing 6-month period | 0.92% | 12.77% | -11.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 22.67% | -19.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.61% | 22.39% | -18.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.29% | 22.25% | -15.96% |