BSMU vs. IVES

Last updated Jun 25, 2026

BSMU (Invesco BulletShares 2030 Municipal Bond ETF) and IVES (Dan IVES Wedbush AI Revolution ETF) are both exchange-traded funds - BSMU is a Municipal Bonds fund tracking the Invesco Bulletshares Municipal Bond 2030 Index, while IVES is a Technology Equities fund tracking the Solactive Wedbush Artificial Intelligence Index. Both are passively managed. Over the past year, BSMU returned 4.81% vs 35.69% for IVES. At a 0.16 correlation, their price movements are largely independent. BSMU charges 0.18%/yr vs 0.75%/yr for IVES.

Performance

BSMU vs. IVES - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2030 Municipal Bond ETF (BSMU) and Dan IVES Wedbush AI Revolution ETF (IVES). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSMU achieves a 0.84% return, which is significantly lower than IVES's 14.36% return.

BSMU

• 1D: 0.14%
• 1M: 1.02%
• YTD: 0.84%
• 6M: 0.89%
• 1Y: 4.81%
• 3Y*: 2.74%
• 5Y*: -0.58%
• 10Y*: —

IVES

• 1D: -1.36%
• 1M: -2.95%
• YTD: 14.36%
• 6M: 11.68%
• 1Y: 35.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSMU vs. IVES - Yearly Performance Comparison

	2026 (YTD)	2025
BSMU Invesco BulletShares 2030 Municipal Bond ETF	0.84%	4.91%
IVES Dan IVES Wedbush AI Revolution ETF	14.36%	25.11%

Correlation

The correlation between BSMU and IVES is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (All Time) Calculated using the full available price history since Jun 4, 2025	0.16

Return for Risk

BSMU vs. IVES — 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: 81
BSMU Sortino Ratio Rank: 87
BSMU Omega Ratio Rank: 89
BSMU Calmar Ratio Rank: 55
BSMU Martin Ratio Rank: 47

IVES

IVES Risk / Return Rank: 37
IVES Sharpe Ratio Rank: 41
IVES Sortino Ratio Rank: 38
IVES Omega Ratio Rank: 38
IVES Calmar Ratio Rank: 34
IVES Martin Ratio Rank: 32

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. IVES - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2030 Municipal Bond ETF (BSMU) and Dan IVES Wedbush AI Revolution ETF (IVES). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BSMU	IVES	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.33	+0.93
Sortino ratio: Return per unit of downside risk	3.43	1.82	+1.61
Omega ratio: Gain probability vs. loss probability	1.49	1.23	+0.26
Calmar ratio: Return relative to maximum drawdown	2.34	1.58	+0.76
Martin ratio: Return relative to average drawdown	6.91	4.30	+2.61

BSMU vs. IVES - Sharpe Ratio Comparison

The current BSMU Sharpe Ratio is 2.26, which is higher than the IVES Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of BSMU and IVES, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BSMU vs. IVES - Drawdown Comparison

The maximum BSMU drawdown since its inception was -19.48%, smaller than the maximum IVES drawdown of -22.64%. Use the drawdown chart below to compare losses from any high point for BSMU and IVES.

Drawdown Indicators

	BSMU	IVES	Difference
Max Drawdown Largest peak-to-trough decline	-19.48%	-22.64%	+3.16%
Max Drawdown (1Y) Largest decline over 1 year	-2.06%	-22.64%	+20.58%
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	-4.56%	-13.37%	+8.81%
Average Drawdown Average peak-to-trough decline	-8.16%	-5.86%	-2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.70%	8.32%	-7.62%

Volatility

BSMU vs. IVES - Volatility Comparison

The current volatility for Invesco BulletShares 2030 Municipal Bond ETF (BSMU) is 0.70%, while Dan IVES Wedbush AI Revolution ETF (IVES) has a volatility of 11.81%. This indicates that BSMU experiences smaller price fluctuations and is considered to be less risky than IVES based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSMU	IVES	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.70%	11.81%	-11.11%
Volatility (6M) Calculated over the trailing 6-month period	1.56%	21.22%	-19.66%
Volatility (1Y) Calculated over the trailing 1-year period	2.15%	27.13%	-24.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.82%	26.65%	-21.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.82%	26.65%	-21.83%

BSMU vs. IVES - Expense Ratio Comparison

BSMU has a 0.18% expense ratio, which is lower than IVES's 0.75% expense ratio.

Dividends

BSMU vs. IVES - Dividend Comparison

BSMU's dividend yield for the trailing twelve months is around 2.79%, more than IVES's 0.36% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
BSMU Invesco BulletShares 2030 Municipal Bond ETF	2.79%	2.82%	2.92%	2.66%	2.16%	1.60%	0.28%
IVES Dan IVES Wedbush AI Revolution ETF	0.36%	0.41%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSMU and IVES in my portfolio?

BSMU and IVES have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSMU or IVES?

IVES has higher volatility (11.81%) compared to BSMU (0.70%). In terms of maximum drawdown, BSMU dropped -19.48% vs IVES's -22.64%.

Which ETF is better, BSMU or IVES?

On 1-year performance, IVES leads with 35.69% vs 4.81% for BSMU. On fees, BSMU is cheaper at 0.18% per year. On volatility, BSMU has been the lower-risk option at 0.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSMU or IVES?

Over the 1-year period, IVES has performed better with a 35.69% return vs 4.81%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSMU or IVES?

BSMU is cheaper with a 0.18% expense ratio, compared with 0.75% for IVES.

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

BSMU has the higher dividend yield at 2.79%, compared with 0.36% for IVES.

What is the main difference between BSMU and IVES?

BSMU is categorized as Municipal Bonds, while IVES is Technology Equities. BSMU tracks Invesco Bulletshares Municipal Bond 2030 Index, while IVES tracks Solactive Wedbush Artificial Intelligence Index. They also come from different issuers: Invesco and Wedbush. Their fees differ too: 0.18% for BSMU and 0.75% for IVES.

Which has better risk-adjusted returns?

BSMU currently has the higher Sharpe Ratio (2.26 vs 1.33), 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.