BSMS vs. RSSX

Last updated Jun 4, 2026

BSMS (Invesco BulletShares 2028 Municipal Bond ETF) and RSSX (Return Stacked U.S. Stocks & Gold/Bitcoin ETF) are both exchange-traded funds - BSMS is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2028 Index, while RSSX is a Diversified Portfolio fund actively managed by Return Stacked. BSMS is passively managed, while RSSX is actively managed. Over the past year, BSMS returned 4.26% vs 28.58% for RSSX. At a 0.12 correlation, their price movements are largely independent. BSMS charges 0.18%/yr vs 0.68%/yr for RSSX.

Performance

BSMS vs. RSSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2028 Municipal Bond ETF (BSMS) and Return Stacked U.S. Stocks & Gold/Bitcoin ETF (RSSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSMS achieves a 0.82% return, which is significantly lower than RSSX's 1.26% return.

BSMS

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

RSSX

• 1D: -2.19%
• 1M: -3.05%
• YTD: 1.26%
• 6M: 0.73%
• 1Y: 28.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSMS vs. RSSX - Yearly Performance Comparison

	2026 (YTD)	2025
BSMS Invesco BulletShares 2028 Municipal Bond ETF	0.82%	3.26%
RSSX Return Stacked U.S. Stocks & Gold/Bitcoin ETF	1.26%	29.82%

Correlation

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

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.13
Correlation (All Time) Calculated using the full available price history since Jun 2, 2025	0.12

Return for Risk

BSMS vs. RSSX — 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

RSSX

RSSX Risk / Return Rank: 24
RSSX Sharpe Ratio Rank: 25
RSSX Sortino Ratio Rank: 24
RSSX Omega Ratio Rank: 25
RSSX Calmar Ratio Rank: 22
RSSX Martin Ratio Rank: 23

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. RSSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2028 Municipal Bond ETF (BSMS) and Return Stacked U.S. Stocks & Gold/Bitcoin ETF (RSSX). 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	RSSX	Difference
Sharpe ratio: Return per unit of total volatility	2.86	0.90	+1.96
Sortino ratio: Return per unit of downside risk	4.42	1.34	+3.08
Omega ratio: Gain probability vs. loss probability	1.63	1.17	+0.45
Calmar ratio: Return relative to maximum drawdown	4.08	1.05	+3.04
Martin ratio: Return relative to average drawdown	11.81	3.02	+8.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSMS vs. RSSX - Sharpe Ratio Comparison

The current BSMS Sharpe Ratio is 2.86, which is higher than the RSSX Sharpe Ratio of 0.90. The chart below compares the historical Sharpe Ratios of BSMS and RSSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSMS	RSSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.86	0.90	+1.96
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	0.99	-0.79

Drawdowns

BSMS vs. RSSX - Drawdown Comparison

The maximum BSMS drawdown since its inception was -14.95%, smaller than the maximum RSSX drawdown of -27.37%. Use the drawdown chart below to compare losses from any high point for BSMS and RSSX.

Drawdown Indicators

	BSMS	RSSX	Difference
Max Drawdown Largest peak-to-trough decline	-14.95%	-27.37%	+12.42%
Max Drawdown (1Y) Largest decline over 1 year	-1.05%	-27.37%	+26.32%
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%	-15.42%	+14.33%
Average Drawdown Average peak-to-trough decline	-4.97%	-6.72%	+1.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.36%	9.49%	-9.13%

Volatility

BSMS vs. RSSX - Volatility Comparison

The current volatility for Invesco BulletShares 2028 Municipal Bond ETF (BSMS) is 0.50%, while Return Stacked U.S. Stocks & Gold/Bitcoin ETF (RSSX) has a volatility of 7.93%. This indicates that BSMS experiences smaller price fluctuations and is considered to be less risky than RSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSMS	RSSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.50%	7.93%	-7.43%
Volatility (6M) Calculated over the trailing 6-month period	0.91%	26.82%	-25.91%
Volatility (1Y) Calculated over the trailing 1-year period	1.50%	31.81%	-30.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.60%	31.80%	-28.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.21%	31.80%	-25.59%

BSMS vs. RSSX - Expense Ratio Comparison

BSMS has a 0.18% expense ratio, which is lower than RSSX's 0.68% expense ratio.

Dividends

BSMS vs. RSSX - Dividend Comparison

BSMS's dividend yield for the trailing twelve months is around 2.77%, more than RSSX's 1.52% yield.

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%
RSSX Return Stacked U.S. Stocks & Gold/Bitcoin ETF	1.52%	1.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSMS and RSSX in my portfolio?

BSMS and RSSX 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 is riskier, BSMS or RSSX?

RSSX has higher volatility (7.93%) compared to BSMS (0.50%). In terms of maximum drawdown, BSMS dropped -14.95% vs RSSX's -27.37%.

Which ETF is better, BSMS or RSSX?

On 1-year performance, RSSX leads with 28.58% vs 4.26% for BSMS. On fees, BSMS is cheaper at 0.18% per year. On volatility, BSMS has been the lower-risk option at 0.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSMS or RSSX?

Over the 1-year period, RSSX has performed better with a 28.58% return vs 4.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSMS or RSSX?

BSMS is cheaper with a 0.18% expense ratio, compared with 0.68% for RSSX.

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

BSMS has the higher dividend yield at 2.77%, compared with 1.52% for RSSX.

What is the main difference between BSMS and RSSX?

BSMS is categorized as Municipal Bonds, while RSSX is Diversified Portfolio. They also come from different issuers: Invesco and Return Stacked. Their fees differ too: 0.18% for BSMS and 0.68% for RSSX.

Which has better risk-adjusted returns?

BSMS currently has the higher Sharpe Ratio (2.86 vs 0.90), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.