Correlation
The correlation between BSMT and BSMS 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.
BSMT vs. BSMS
Compare and contrast key facts about Invesco BulletShares 2029 Municipal Bond ETF (BSMT) and Invesco BulletShares 2028 Municipal Bond ETF (BSMS).
BSMT and BSMS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both BSMT and BSMS 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: BSMT or BSMS.
Performance
BSMT vs. BSMS - Performance Comparison
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Key characteristics
BSMT:
0.50
BSMS:
0.85
BSMT:
0.58
BSMS:
0.99
BSMT:
1.09
BSMS:
1.16
BSMT:
0.21
BSMS:
0.36
BSMT:
1.49
BSMS:
2.82
BSMT:
1.27%
BSMS:
1.02%
BSMT:
4.40%
BSMS:
3.80%
BSMT:
-16.19%
BSMS:
-14.96%
BSMT:
-6.90%
BSMS:
-4.99%
Returns By Period
In the year-to-date period, BSMT achieves a -0.39% return, which is significantly lower than BSMS's 0.34% return.
BSMT
-0.39%
0.45%
-1.34%
2.18%
1.33%
-0.03%
N/A
BSMS
0.34%
0.84%
-0.44%
3.19%
1.74%
0.47%
N/A
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BSMT vs. BSMS - Expense Ratio Comparison
Both BSMT and BSMS 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
BSMT vs. BSMS — Risk-Adjusted Performance Rank
BSMT
BSMS
BSMT vs. BSMS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2029 Municipal Bond ETF (BSMT) and Invesco BulletShares 2028 Municipal Bond ETF (BSMS). 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
BSMT vs. BSMS - Dividend Comparison
BSMT's dividend yield for the trailing twelve months is around 2.89%, more than BSMS's 2.84% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
BSMT Invesco BulletShares 2029 Municipal Bond ETF | 2.89% | 2.80% | 2.62% | 1.65% | 1.31% | 1.82% | 0.48% |
BSMS Invesco BulletShares 2028 Municipal Bond ETF | 2.84% | 2.81% | 2.58% | 1.56% | 1.49% | 1.76% | 0.46% |
Drawdowns
BSMT vs. BSMS - Drawdown Comparison
The maximum BSMT drawdown since its inception was -16.19%, which is greater than BSMS's maximum drawdown of -14.96%. Use the drawdown chart below to compare losses from any high point for BSMT and BSMS.
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Volatility
BSMT vs. BSMS - Volatility Comparison
The current volatility for Invesco BulletShares 2029 Municipal Bond ETF (BSMT) is 0.81%, while Invesco BulletShares 2028 Municipal Bond ETF (BSMS) has a volatility of 0.92%. This indicates that BSMT experiences smaller price fluctuations and is considered to be less risky than BSMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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