BSMU vs. IBMM

Last updated Jun 4, 2026

BSMU (Invesco BulletShares 2030 Municipal Bond ETF) and IBMM (iShares iBonds Dec 2024 Term Muni Bond ETF) are both Municipal Bonds funds - BSMU tracks the Invesco Bulletshares Municipal Bond 2030 Index while IBMM tracks the S&P AMT-Free Municipal Series Dec 2024 Index. Both are passively managed. Both charge a 0.18% expense ratio.

Performance

BSMU vs. IBMM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2030 Municipal Bond ETF (BSMU) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSMU

• 1D: -0.15%
• 1M: 0.37%
• YTD: 0.56%
• 6M: 0.90%
• 1Y: 5.50%
• 3Y*: 3.02%
• 5Y*: -0.68%
• 10Y*: —

IBMM

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSMU vs. IBMM - Yearly Performance Comparison

	2026 (YTD)
BSMU Invesco BulletShares 2030 Municipal Bond ETF	-0.52%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%

Return for Risk

BSMU vs. IBMM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSMU

BSMU Risk / Return Rank: 72
BSMU Sharpe Ratio Rank: 80
BSMU Sortino Ratio Rank: 88
BSMU Omega Ratio Rank: 89
BSMU Calmar Ratio Rank: 55
BSMU Martin Ratio Rank: 50

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.

BSMU vs. IBMM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2030 Municipal Bond ETF (BSMU) and iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM). 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	IBMM	Difference
Sharpe ratio: Return per unit of total volatility	2.59	—	—
Sortino ratio: Return per unit of downside risk	3.96	—	—
Omega ratio: Gain probability vs. loss probability	1.57	—	—
Calmar ratio: Return relative to maximum drawdown	2.68	—	—
Martin ratio: Return 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.

Sharpe Ratios by Period

	BSMU	IBMM	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	—	—

Drawdowns

BSMU vs. IBMM - Drawdown Comparison

The maximum BSMU drawdown since its inception was -19.48%, which is greater than IBMM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for BSMU and IBMM.

Drawdown Indicators

	BSMU	IBMM	Difference
Max Drawdown Largest peak-to-trough decline	-19.48%	0.00%	-19.48%
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 Drawdown Current decline from peak	-4.83%	0.00%	-4.83%
Average Drawdown Average peak-to-trough decline	-8.20%	0.00%	-8.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.67%	—	—

Volatility

Volatility by Period

	BSMU	IBMM	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%	0.00%	+2.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.83%	0.00%	+4.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.85%	0.00%	+4.85%

BSMU vs. IBMM - Expense Ratio Comparison

Both BSMU and IBMM 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%.

Dividends

BSMU vs. IBMM - Dividend Comparison

BSMU's dividend yield for the trailing twelve months is around 2.80%, while IBMM has not paid dividends to shareholders.

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%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, BSMU or IBMM?

Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSMU or IBMM?

BSMU and IBMM have the same expense ratio: 0.18% per year.

Which ETF pays a higher dividend yield, BSMU or IBMM?

BSMU has the higher dividend yield at 2.80%, compared with 0.00% for IBMM.

What is the main difference between BSMU and IBMM?

BSMU tracks Invesco Bulletshares Municipal Bond 2030 Index, while IBMM tracks S&P AMT-Free Municipal Series Dec 2024 Index. They also come from different issuers: Invesco and iShares.