BSMV vs. AMLP
BSMV (Invesco BulletShares 2031 Municipal Bond ETF) and AMLP (Alerian MLP ETF) are both exchange-traded funds - BSMV is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2031 Index, while AMLP is a MLPs fund tracking the Alerian MLP Infrastructure Index. Both are passively managed. Over the past 3 years, BSMV returned 2.68%/yr vs 19.26%/yr for AMLP. At a 0.00 correlation, their price movements are largely independent. BSMV charges 0.18%/yr vs 0.90%/yr for AMLP.
Performance
BSMV vs. AMLP - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BSMV achieves a 0.59% return, which is significantly lower than AMLP's 13.02% return.
BSMV
- 1D
- -0.05%
- 1M
- 0.78%
- YTD
- 0.59%
- 6M
- 0.69%
- 1Y
- 4.81%
- 3Y*
- 2.68%
- 5Y*
- —
- 10Y*
- —
AMLP
- 1D
- 1.41%
- 1M
- -4.18%
- YTD
- 13.02%
- 6M
- 12.63%
- 1Y
- 15.33%
- 3Y*
- 19.26%
- 5Y*
- 16.05%
- 10Y*
- 6.79%
BSMV vs. AMLP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSMV Invesco BulletShares 2031 Municipal Bond ETF | 0.59% | 4.03% | -0.28% | 6.99% | -15.32% | 0.76% |
AMLP Alerian MLP ETF | 13.02% | 5.78% | 22.76% | 21.40% | 25.47% | 6.63% |
Correlation
The correlation between BSMV and AMLP is -0.19, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2021 | 0.00 |
The correlation between BSMV and AMLP shifts across timeframes, from -0.19 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BSMV vs. AMLP — Risk / Return Rank
BSMV
AMLP
BSMV vs. AMLP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2031 Municipal Bond ETF (BSMV) and Alerian MLP ETF (AMLP). 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.
| BSMV | AMLP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.22 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.72 | +0.01 |
| Martin ratioReturn relative to average drawdown | 5.09 | 5.06 | +0.03 |
Loading charts...
Drawdowns
BSMV vs. AMLP - Drawdown Comparison
The maximum BSMV drawdown since its inception was -20.68%, smaller than the maximum AMLP drawdown of -77.19%. Use the drawdown chart below to compare losses from any high point for BSMV and AMLP.
Loading charts...
Drawdown Indicators
| BSMV | AMLP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.68% | -77.19% | +56.51% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -8.94% | +6.15% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | -14.27% | +7.64% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -72.62% | — |
Current DrawdownCurrent decline from peak | -5.50% | -6.82% | +1.32% |
Average DrawdownAverage peak-to-trough decline | -10.37% | -17.35% | +6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 3.04% | -2.09% |
Volatility
BSMV vs. AMLP - Volatility Comparison
The current volatility for Invesco BulletShares 2031 Municipal Bond ETF (BSMV) is 0.65%, while Alerian MLP ETF (AMLP) has a volatility of 5.33%. This indicates that BSMV experiences smaller price fluctuations and is considered to be less risky than AMLP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BSMV | AMLP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.65% | 5.33% | -4.68% |
Volatility (6M)Calculated over the trailing 6-month period | 1.81% | 9.45% | -7.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.42% | 12.43% | -10.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 19.80% | -14.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.65% | 27.68% | -22.03% |
BSMV vs. AMLP - Expense Ratio Comparison
BSMV has a 0.18% expense ratio, which is lower than AMLP's 0.90% expense ratio.
Dividends
BSMV vs. AMLP - Dividend Comparison
BSMV's dividend yield for the trailing twelve months is around 2.90%, less than AMLP's 7.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AMLP Alerian MLP ETF | 7.87% | 8.36% | 7.70% | 7.86% | 7.70% | 8.55% | 12.31% | 9.12% | 9.29% | 7.97% | 8.09% | 9.84% |
BSMV Invesco BulletShares 2031 Municipal Bond ETF | 2.90% | 2.93% | 3.10% | 2.59% | 2.21% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BSMV and AMLP have a correlation of -0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AMLP has higher volatility (5.33%) compared to BSMV (0.65%). In terms of maximum drawdown, BSMV dropped -20.68% vs AMLP's -77.19%.
On 3-year performance, AMLP leads with 19.26% vs 2.68% for BSMV. On fees, BSMV is cheaper at 0.18% per year. On volatility, BSMV has been the lower-risk option at 0.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, AMLP has performed better with a 19.26% return vs 2.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMV is cheaper with a 0.18% expense ratio, compared with 0.90% for AMLP.
AMLP has the higher dividend yield at 7.87%, compared with 2.90% for BSMV.
BSMV is categorized as Municipal Bonds, while AMLP is MLPs. BSMV tracks Invesco BulletShares Municipal Bond 2031 Index, while AMLP tracks Alerian MLP Infrastructure Index. They also come from different issuers: Invesco and SS&C. Their fees differ too: 0.18% for BSMV and 0.90% for AMLP.
BSMV currently has the higher Sharpe Ratio (1.99 vs 1.25), 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.
Find the right allocation for BSMV and AMLP
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer