BSMU vs. XLEI

Last updated Aug 2, 2026

BSMU (Invesco BulletShares 2030 Municipal Bond ETF) and XLEI (State Street Energy Select Sector SPDR Premium Income ETF) are both exchange-traded funds - BSMU is a Municipal Bonds fund tracking the Invesco Bulletshares Municipal Bond 2030 Index, while XLEI is a Energy Equities fund tracking the S&P Energy Select Sector. Both are passively managed. Over the past year, BSMU returned 2.49% vs 35.36% for XLEI. Their -0.26 correlation means they have often moved in opposite directions in the past. BSMU charges 0.18%/yr vs 0.35%/yr for XLEI.

Performance

BSMU vs. XLEI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2030 Municipal Bond ETF (BSMU) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSMU achieves a -0.34% return, which is significantly lower than XLEI's 24.56% 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%

XLEI

• 1D: 0.78%
• 1M: 10.90%
• 6M: 15.89%
• YTD: 24.56%
• 1Y: 35.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 32.17%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BSMU Invesco BulletShares 2030 Municipal Bond ETF	$923.23K	$1.24M	$1.23M
XLEI State Street Energy Select Sector SPDR Premium Income ETF	$1.55M	$1.39M	$1.31M

BSMU vs. XLEI - Yearly Performance Comparison

	2026 (YTD)	2025
BSMU Invesco BulletShares 2030 Municipal Bond ETF	-0.34%	3.49%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	24.56%	6.17%

Correlation

The correlation between BSMU and XLEI is -0.27, 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.	-0.27
Correlation (All Time) Calculated using the full available price history since Jul 30, 2025	-0.26

Return for Risk

BSMU vs. XLEI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BSMU

BSMU Risk / Return Rank: 55
BSMU Sharpe Ratio Rank: 62
BSMU Sortino Ratio Rank: 63
BSMU Omega Ratio Rank: 71
BSMU Calmar Ratio Rank: 42
BSMU Martin Ratio Rank: 38

XLEI

XLEI Risk / Return Rank: 89
XLEI Sharpe Ratio Rank: 92
XLEI Sortino Ratio Rank: 88
XLEI Omega Ratio Rank: 89
XLEI Calmar Ratio Rank: 91
XLEI Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BSMU vs. XLEI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2030 Municipal Bond ETF (BSMU) and State Street Energy Select Sector SPDR Premium Income ETF (XLEI). 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	XLEI	Difference
Sharpe ratio: Return per unit of total volatility	1.46	2.40	-0.94
Sortino ratio: Return per unit of downside risk	2.14	3.00	-0.86
Omega ratio: Gain probability vs. loss probability	1.30	1.41	-0.11
Calmar ratio: Return relative to maximum drawdown	1.50	4.11	-2.60
Martin ratio: Return relative to average drawdown	3.91	12.37	-8.46

BSMU vs. XLEI - Sharpe Ratio Comparison

The current BSMU Sharpe Ratio is 1.46, which is lower than the XLEI Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of BSMU and XLEI, 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. XLEI - Drawdown Comparison

The maximum BSMU drawdown since its inception was -19.48%, which is greater than XLEI's maximum drawdown of -8.19%. Use the drawdown chart below to compare losses from any high point for BSMU and XLEI.

Drawdown Indicators

	BSMU	XLEI	Difference
Max Drawdown Largest peak-to-trough decline	-19.48%	-8.19%	-11.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.06%	-8.19%	+6.13%
Max Drawdown (3Y) Largest decline over 3 years	-4.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-19.14%	—	—
Current Drawdown Current decline from peak	-5.69%	0.00%	-5.69%
Average Drawdown Average peak-to-trough decline	-8.10%	-1.84%	-6.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	2.74%	-1.95%

Volatility

BSMU vs. XLEI - Volatility Comparison

The current volatility for Invesco BulletShares 2030 Municipal Bond ETF (BSMU) is 0.64%, while State Street Energy Select Sector SPDR Premium Income ETF (XLEI) has a volatility of 3.96%. This indicates that BSMU experiences smaller price fluctuations and is considered to be less risky than XLEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSMU	XLEI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.64%	3.96%	-3.32%
Volatility (6M) Calculated over the trailing 6-month period	1.65%	11.26%	-9.61%
Volatility (1Y) Calculated over the trailing 1-year period	2.14%	14.03%	-11.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.81%	14.02%	-9.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.79%	14.02%	-9.23%

BSMU vs. XLEI - Expense Ratio Comparison

BSMU has a 0.18% expense ratio, which is lower than XLEI's 0.35% expense ratio.

Dividends

BSMU vs. XLEI - Dividend Comparison

BSMU's dividend yield for the trailing twelve months is around 2.81%, less than XLEI's 18.37% 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%
XLEI State Street Energy Select Sector SPDR Premium Income ETF	18.37%	10.17%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSMU and XLEI in my portfolio?

BSMU and XLEI have a correlation of -0.27, 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 XLEI?

XLEI has higher volatility (3.96%) compared to BSMU (0.64%). In terms of maximum drawdown, BSMU dropped -19.48% vs XLEI's -8.19%.

Which ETF is better, BSMU or XLEI?

On 1-year performance, XLEI leads with 35.36% vs 2.49% for BSMU. 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.

Which ETF has performed better, BSMU or XLEI?

Over the 1-year period, XLEI has performed better with a 35.36% return vs 2.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSMU or XLEI?

BSMU is cheaper with a 0.18% expense ratio, compared with 0.35% for XLEI.

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

XLEI has the higher dividend yield at 18.37%, compared with 2.81% for BSMU.

What is the main difference between BSMU and XLEI?

BSMU is categorized as Municipal Bonds, while XLEI is Energy Equities. BSMU tracks Invesco Bulletshares Municipal Bond 2030 Index, while XLEI tracks S&P Energy Select Sector. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.18% for BSMU and 0.35% for XLEI.

Which has better risk-adjusted returns?

XLEI currently has the higher Sharpe Ratio (2.40 vs 1.46), 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.