BSMV vs. MLPB
BSMV (Invesco BulletShares 2031 Municipal Bond ETF) and MLPB (ETRACS Alerian MLP Infrastructure Index ETN Series B) are both exchange-traded funds - BSMV is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2031 Index, while MLPB is a MLPs fund tracking the Alerian MLP Infrastructure Index. Both are passively managed. Over the past 3 years, BSMV returned 3.08%/yr vs 22.21%/yr for MLPB. At a 0.00 correlation, their price movements are largely independent. BSMV charges 0.18%/yr vs 0.85%/yr for MLPB.
Performance
BSMV vs. MLPB - 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 MLPB's 19.72% return.
BSMV
- 1D
- 0.04%
- 1M
- 0.40%
- YTD
- 0.68%
- 6M
- 0.96%
- 1Y
- 5.82%
- 3Y*
- 3.08%
- 5Y*
- —
- 10Y*
- —
MLPB
- 1D
- -0.05%
- 1M
- -0.42%
- YTD
- 19.72%
- 6M
- 18.24%
- 1Y
- 20.60%
- 3Y*
- 22.21%
- 5Y*
- 19.42%
- 10Y*
- 10.20%
BSMV vs. MLPB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSMV Invesco BulletShares 2031 Municipal Bond ETF | 0.68% | 4.03% | -0.28% | 6.99% | -15.32% | 0.66% |
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 19.72% | 7.40% | 25.53% | 22.01% | 30.22% | 6.25% |
Correlation
The correlation between BSMV and MLPB is -0.24, 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 | -0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.00 |
The correlation between BSMV and MLPB shifts across timeframes, from -0.24 (1 year) to 0.00 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSMV vs. MLPB — Risk / Return Rank
BSMV
MLPB
BSMV vs. MLPB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2031 Municipal Bond ETF (BSMV) and ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB). 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 | MLPB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.78 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.26 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 2.14 | -0.05 |
| Martin ratioReturn relative to average drawdown | 6.48 | 6.60 | -0.11 |
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 | MLPB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.54 | +0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.97 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.19 | 0.24 | -0.42 |
Drawdowns
BSMV vs. MLPB - Drawdown Comparison
The maximum BSMV drawdown since its inception was -20.68%, smaller than the maximum MLPB drawdown of -71.93%. Use the drawdown chart below to compare losses from any high point for BSMV and MLPB.
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Drawdown Indicators
| BSMV | MLPB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.68% | -71.93% | +51.25% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -9.68% | +6.89% |
Max Drawdown (3Y)Largest decline over 3 years | -6.63% | -16.49% | +9.86% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.93% | — |
Current DrawdownCurrent decline from peak | -5.43% | -4.69% | -0.74% |
Average DrawdownAverage peak-to-trough decline | -10.44% | -14.83% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 3.13% | -2.23% |
Volatility
BSMV vs. MLPB - Volatility Comparison
The current volatility for Invesco BulletShares 2031 Municipal Bond ETF (BSMV) is 0.82%, while ETRACS Alerian MLP Infrastructure Index ETN Series B (MLPB) has a volatility of 5.40%. This indicates that BSMV experiences smaller price fluctuations and is considered to be less risky than MLPB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSMV | MLPB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.82% | 5.40% | -4.58% |
Volatility (6M)Calculated over the trailing 6-month period | 1.79% | 10.05% | -8.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.51% | 13.51% | -11.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.69% | 20.03% | -14.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.69% | 28.11% | -22.42% |
BSMV vs. MLPB - Expense Ratio Comparison
BSMV has a 0.18% expense ratio, which is lower than MLPB's 0.85% expense ratio.
Dividends
BSMV vs. MLPB - Dividend Comparison
BSMV's dividend yield for the trailing twelve months is around 2.90%, less than MLPB's 5.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
MLPB ETRACS Alerian MLP Infrastructure Index ETN Series B | 5.85% | 6.51% | 5.95% | 6.37% | 6.00% | 6.98% | 11.93% | 7.98% | 8.11% | 7.23% | 6.85% |
Frequently Asked Questions
BSMV and MLPB have a correlation of -0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MLPB has higher volatility (5.40%) compared to BSMV (0.82%). In terms of maximum drawdown, BSMV dropped -20.68% vs MLPB's -71.93%.
On 3-year performance, MLPB leads with 22.21% vs 3.08% for BSMV. On fees, BSMV is cheaper at 0.18% per year. On volatility, BSMV has been the lower-risk option at 0.82%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, MLPB has performed better with a 22.21% return vs 3.08%. 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 0.85% for MLPB.
MLPB has the higher dividend yield at 5.85%, compared with 2.90% for BSMV.
BSMV is categorized as Municipal Bonds, while MLPB is MLPs. BSMV tracks Invesco BulletShares Municipal Bond 2031 Index, while MLPB tracks Alerian MLP Infrastructure Index. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.18% for BSMV and 0.85% for MLPB.
BSMV currently has the higher Sharpe Ratio (2.32 vs 1.54), 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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