BSMU vs. QIS
BSMU (Invesco BulletShares 2030 Municipal Bond ETF) and QIS (Simplify Multi-Qis Alternative ETF) are both exchange-traded funds - BSMU is a Municipal Bonds fund tracking the Invesco Bulletshares Municipal Bond 2030 Index, while QIS is a Multistrategy fund actively managed by Simplify. BSMU is passively managed, while QIS is actively managed. Over the past 3 years, BSMU returned 2.44%/yr vs -24.55%/yr for QIS. Their -0.04 correlation means they have often moved in opposite directions in the past. BSMU charges 0.18%/yr vs 1.00%/yr for QIS.
Performance
BSMU vs. QIS - Performance Comparison
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Returns By Period
In the year-to-date period, BSMU achieves a -0.34% return, which is significantly higher than QIS's -31.94% return.
BSMU
- 1D
- -0.09%
- 1M
- -1.13%
- 6M
- -1.15%
- YTD
- -0.34%
- 1Y
- 2.49%
- 3Y*
- 2.44%
- 5Y*
- -1.07%
- 10Y*
- —
- ALL TIME*
- 0.12%
QIS
- 1D
- 2.58%
- 1M
- 2.94%
- 6M
- -34.00%
- YTD
- -31.94%
- 1Y
- -48.32%
- 3Y*
- -24.55%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -24.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $923.23K | $1.24M | $1.23M | |
| $8.01K | $6.87K | $26.74K |
BSMU vs. QIS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BSMU Invesco BulletShares 2030 Municipal Bond ETF | -0.34% | 4.35% | -0.29% | 3.90% |
QIS Simplify Multi-Qis Alternative ETF | -31.94% | -38.02% | 0.19% | 2.08% |
Correlation
The correlation between BSMU and QIS is -0.20, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.20 |
Correlation (3Y) Balances recent behavior with more history. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2023 | -0.04 |
The correlation between BSMU and QIS shifts across timeframes, from -0.20 (1 year) to -0.04 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSMU vs. QIS — Risk / Return Rank
BSMU
QIS
BSMU vs. QIS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2030 Municipal Bond ETF (BSMU) and Simplify Multi-Qis Alternative ETF (QIS). 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 | QIS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.72 | ||
| Sortino ratioReturn per unit of downside risk | +4.13 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 0.77 | +0.52 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | -0.93 | +2.43 |
| Martin ratioReturn relative to average drawdown | 3.91 | -1.62 | +5.53 |
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Drawdowns
BSMU vs. QIS - Drawdown Comparison
The maximum BSMU drawdown since its inception was -19.48%, smaller than the maximum QIS drawdown of -62.82%. Use the drawdown chart below to compare losses from any high point for BSMU and QIS.
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Drawdown Indicators
| BSMU | QIS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.48% | -62.82% | +43.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -54.47% | +52.41% |
Max Drawdown (3Y)Largest decline over 3 years | -4.82% | -62.82% | +58.00% |
Max Drawdown (5Y)Largest decline over 5 years | -19.14% | — | — |
Current DrawdownCurrent decline from peak | -5.69% | -60.09% | +54.40% |
Average DrawdownAverage peak-to-trough decline | -8.10% | -16.05% | +7.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 31.13% | -30.34% |
Volatility
BSMU vs. QIS - Volatility Comparison
The current volatility for Invesco BulletShares 2030 Municipal Bond ETF (BSMU) is 0.64%, while Simplify Multi-Qis Alternative ETF (QIS) has a volatility of 14.48%. This indicates that BSMU experiences smaller price fluctuations and is considered to be less risky than QIS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSMU | QIS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 14.48% | -13.84% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 32.96% | -31.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.14% | 40.15% | -38.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.81% | 30.10% | -25.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.79% | 30.10% | -25.31% |
BSMU vs. QIS - Expense Ratio Comparison
BSMU has a 0.18% expense ratio, which is lower than QIS's 1.00% expense ratio.
Dividends
BSMU vs. QIS - Dividend Comparison
BSMU's dividend yield for the trailing twelve months is around 2.81%, more than QIS's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BSMU Invesco BulletShares 2030 Municipal Bond ETF | 2.81% | 2.82% | 2.92% | 2.66% | 2.16% | 1.60% | 0.28% |
QIS Simplify Multi-Qis Alternative ETF | 2.00% | 3.37% | 1.07% | 3.29% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BSMU and QIS have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QIS has higher volatility (14.48%) compared to BSMU (0.64%). In terms of maximum drawdown, BSMU dropped -19.48% vs QIS's -62.82%.
On 3-year performance, BSMU leads with 2.44% vs -24.55% for QIS. On fees, BSMU is cheaper at 0.18% per year. On volatility, BSMU has been the lower-risk option at 0.64%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, BSMU has performed better with a 2.44% return vs -24.55%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMU is cheaper with a 0.18% expense ratio, compared with 1.00% for QIS.
BSMU has the higher dividend yield at 2.81%, compared with 2.00% for QIS.
BSMU is categorized as Municipal Bonds, while QIS is Multistrategy. They also come from different issuers: Invesco and Simplify. Their fees differ too: 0.18% for BSMU and 1.00% for QIS.
BSMU currently has the higher Sharpe Ratio (1.46 vs -1.26), 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.
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