BSMT vs. TMH
BSMT (Invesco BulletShares 2029 Municipal Bond ETF) and TMH (Toyota Motor Corporation ADRhedged) are both exchange-traded funds - BSMT is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2029 Index, while TMH is a Consumer Discretionary Equities fund tracking the Toyota Motor Corporation Local Shares Total Return. Both are passively managed. At a correlation of -0.40, they often move in opposite directions. BSMT charges 0.18%/yr vs 0.19%/yr for TMH.
Performance
BSMT vs. TMH - Performance Comparison
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Returns By Period
BSMT
- 1D
- -0.04%
- 1M
- 0.44%
- YTD
- 0.98%
- 6M
- 1.37%
- 1Y
- 5.29%
- 3Y*
- 3.19%
- 5Y*
- -0.12%
- 10Y*
- —
TMH
- 1D
- -0.03%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSMT vs. TMH - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
BSMT Invesco BulletShares 2029 Municipal Bond ETF | 0.28% |
TMH Toyota Motor Corporation ADRhedged | -5.59% |
Correlation
The correlation between BSMT and TMH is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since May 29, 2026 | -0.40 |
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Return for Risk
BSMT vs. TMH — Risk / Return Rank
BSMT
TMH
BSMT vs. TMH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2029 Municipal Bond ETF (BSMT) and Toyota Motor Corporation ADRhedged (TMH). 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.
| BSMT | TMH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.65 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | — | — |
| Martin ratioReturn relative to average drawdown | 10.84 | — | — |
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
| BSMT | TMH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.87 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | -5.39 | +5.54 |
Drawdowns
BSMT vs. TMH - Drawdown Comparison
The maximum BSMT drawdown since its inception was -16.20%, which is greater than TMH's maximum drawdown of -5.59%. Use the drawdown chart below to compare losses from any high point for BSMT and TMH.
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Drawdown Indicators
| BSMT | TMH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.20% | -5.59% | -10.61% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.20% | — | — |
Current DrawdownCurrent decline from peak | -2.05% | -5.59% | +3.54% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -4.22% | -1.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | — | — |
Volatility
BSMT vs. TMH - Volatility Comparison
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Volatility by Period
| BSMT | TMH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.22% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.85% | 20.85% | -19.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.25% | 20.85% | -16.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.42% | 20.85% | -14.43% |
BSMT vs. TMH - Expense Ratio Comparison
BSMT has a 0.18% expense ratio, which is lower than TMH's 0.19% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BSMT vs. TMH - Dividend Comparison
BSMT's dividend yield for the trailing twelve months is around 2.74%, while TMH has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSMT Invesco BulletShares 2029 Municipal Bond ETF | 2.74% | 2.78% | 2.80% | 2.62% | 1.65% | 1.31% | 1.82% | 0.48% |
TMH Toyota Motor Corporation ADRhedged | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BSMT and TMH have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BSMT is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BSMT is cheaper with a 0.18% expense ratio, compared with 0.19% for TMH.
BSMT has the higher dividend yield at 2.74%, compared with 0.00% for TMH.
BSMT is categorized as Municipal Bonds, while TMH is Consumer Discretionary Equities. BSMT tracks Invesco BulletShares Municipal Bond 2029 Index, while TMH tracks Toyota Motor Corporation Local Shares Total Return. They also come from different issuers: Invesco and ADRhedged. Their fees differ too: 0.18% for BSMT and 0.19% for TMH.
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