BSMV vs. BESF
BSMV (Invesco BulletShares 2031 Municipal Bond ETF) and BESF (Bastion Energy ETF) are both exchange-traded funds - BSMV is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2031 Index, while BESF is a Energy Equities fund actively managed by Bastion. BSMV is passively managed, while BESF is actively managed. Over the past year, BSMV returned 5.82% vs 70.53% for BESF. At a correlation of -0.20, they often move in opposite directions. BSMV charges 0.18%/yr vs 0.80%/yr for BESF.
Performance
BSMV vs. BESF - Performance Comparison
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Returns By Period
In the year-to-date period, BSMV achieves a 0.68% return, which is significantly lower than BESF's 20.81% return.
BSMV
- 1D
- 0.04%
- 1M
- 0.40%
- YTD
- 0.68%
- 6M
- 0.96%
- 1Y
- 5.82%
- 3Y*
- 3.08%
- 5Y*
- —
- 10Y*
- —
BESF
- 1D
- 0.89%
- 1M
- -2.39%
- YTD
- 20.81%
- 6M
- 20.48%
- 1Y
- 70.53%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSMV vs. BESF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BSMV Invesco BulletShares 2031 Municipal Bond ETF | 0.68% | 4.88% |
BESF Bastion Energy ETF | 20.81% | 41.15% |
Correlation
The correlation between BSMV and BESF is -0.20, 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 (All Time) Calculated using the full available price history since Jun 5, 2025 | -0.20 |
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Return for Risk
BSMV vs. BESF — Risk / Return Rank
BSMV
BESF
BSMV vs. BESF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2031 Municipal Bond ETF (BSMV) and Bastion Energy ETF (BESF). 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.
| BSMV | BESF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.48 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | — | — |
| Martin ratioReturn relative to average drawdown | 6.48 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSMV | BESF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 2.92 | -3.11 |
Drawdowns
BSMV vs. BESF - Drawdown Comparison
The maximum BSMV drawdown since its inception was -20.68%, which is greater than BESF's maximum drawdown of -9.89%. Use the drawdown chart below to compare losses from any high point for BSMV and BESF.
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Drawdown Indicators
| BSMV | BESF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.68% | -9.89% | -10.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -9.89% | +7.10% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | — | — |
Current DrawdownCurrent decline from peak | -5.43% | -5.04% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -10.44% | -2.46% | -7.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | — | — |
Volatility
BSMV vs. BESF - Volatility Comparison
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Volatility by Period
| BSMV | BESF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 24.29% | -21.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 24.29% | -18.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.69% | 24.29% | -18.60% |
BSMV vs. BESF - Expense Ratio Comparison
BSMV has a 0.18% expense ratio, which is lower than BESF's 0.80% expense ratio.
Dividends
BSMV vs. BESF - Dividend Comparison
BSMV's dividend yield for the trailing twelve months is around 2.90%, less than BESF's 5.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
BESF Bastion Energy ETF | 5.63% | 6.39% | 0.00% | 0.00% | 0.00% | 0.00% |
BSMV Invesco BulletShares 2031 Municipal Bond ETF | 2.90% | 2.93% | 3.10% | 2.59% | 2.21% | 0.24% |
Frequently Asked Questions
BSMV and BESF 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.
On 1-year performance, BESF leads with 70.53% vs 5.82% for BSMV. On fees, BSMV is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BESF has performed better with a 70.53% return vs 5.82%. 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 0.80% for BESF.
BESF has the higher dividend yield at 5.63%, compared with 2.90% for BSMV.
BSMV is categorized as Municipal Bonds, while BESF is Energy Equities. They also come from different issuers: Invesco and Bastion. Their fees differ too: 0.18% for BSMV and 0.80% for BESF.
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