BSMU vs. FBDC
BSMU (Invesco BulletShares 2030 Municipal Bond ETF) and FBDC (FT Confluence BDC & Specialty Finance Income ETF) are both exchange-traded funds - BSMU is a Municipal Bonds fund tracking the Invesco Bulletshares Municipal Bond 2030 Index, while FBDC is a Financials Equities fund actively managed by First Trust. BSMU is passively managed, while FBDC is actively managed. At a 0.07 correlation, their price movements are largely independent. BSMU charges 0.18%/yr vs 1.35%/yr for FBDC.
Performance
BSMU vs. FBDC - Performance Comparison
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Returns By Period
In the year-to-date period, BSMU achieves a 0.56% return, which is significantly higher than FBDC's -9.51% return.
BSMU
- 1D
- -0.15%
- 1M
- 0.37%
- YTD
- 0.56%
- 6M
- 0.90%
- 1Y
- 5.50%
- 3Y*
- 3.02%
- 5Y*
- -0.68%
- 10Y*
- —
FBDC
- 1D
- -2.98%
- 1M
- -7.81%
- YTD
- -9.51%
- 6M
- -10.31%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSMU vs. FBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BSMU Invesco BulletShares 2030 Municipal Bond ETF | 0.56% | 3.88% |
FBDC FT Confluence BDC & Specialty Finance Income ETF | -9.51% | -2.43% |
Correlation
The correlation between BSMU and FBDC is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025 | 0.07 |
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Return for Risk
BSMU vs. FBDC — Risk / Return Rank
BSMU
FBDC
BSMU vs. FBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2030 Municipal Bond ETF (BSMU) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). 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.
| BSMU | FBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.57 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.68 | — | — |
| Martin ratioReturn relative to average drawdown | 8.28 | — | — |
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
| BSMU | FBDC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.59 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.14 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.06 | -0.70 | +0.76 |
Drawdowns
BSMU vs. FBDC - Drawdown Comparison
The maximum BSMU drawdown since its inception was -19.48%, smaller than the maximum FBDC drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for BSMU and FBDC.
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Drawdown Indicators
| BSMU | FBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.48% | -20.60% | +1.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.92% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -19.48% | — | — |
Current DrawdownCurrent decline from peak | -4.83% | -17.24% | +12.41% |
Average DrawdownAverage peak-to-trough decline | -8.20% | -10.14% | +1.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | — | — |
Volatility
BSMU vs. FBDC - Volatility Comparison
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Volatility by Period
| BSMU | FBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.48% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.13% | 18.06% | -15.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.83% | 18.06% | -13.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 18.06% | -13.21% |
BSMU vs. FBDC - Expense Ratio Comparison
BSMU has a 0.18% expense ratio, which is lower than FBDC's 1.35% expense ratio.
Dividends
BSMU vs. FBDC - Dividend Comparison
BSMU's dividend yield for the trailing twelve months is around 2.80%, less than FBDC's 11.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BSMU Invesco BulletShares 2030 Municipal Bond ETF | 2.80% | 2.82% | 2.92% | 2.66% | 2.16% | 1.60% | 0.28% |
FBDC FT Confluence BDC & Specialty Finance Income ETF | 11.52% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BSMU and FBDC have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BSMU is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BSMU is cheaper with a 0.18% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 11.52%, compared with 2.80% for BSMU.
BSMU is categorized as Municipal Bonds, while FBDC is Financials Equities. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.18% for BSMU and 1.35% for FBDC.
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