BSMV vs. QQQ

Last updated Jun 4, 2026

BSMV (Invesco BulletShares 2031 Municipal Bond ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - BSMV is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2031 Index, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 3 years, BSMV returned 3.08%/yr vs 28.54%/yr for QQQ. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.

Performance

BSMV vs. QQQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2031 Municipal Bond ETF (BSMV) and Invesco QQQ ETF (QQQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSMV achieves a 0.68% return, which is significantly lower than QQQ's 20.71% return.

BSMV

• 1D: 0.04%
• 1M: 0.40%
• YTD: 0.68%
• 6M: 0.96%
• 1Y: 5.82%
• 3Y*: 3.08%
• 5Y*: —
• 10Y*: —

QQQ

• 1D: -0.48%
• 1M: 8.66%
• YTD: 20.71%
• 6M: 19.19%
• 1Y: 40.74%
• 3Y*: 28.54%
• 5Y*: 17.86%
• 10Y*: 21.84%

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

BSMV vs. QQQ - 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%
QQQ Invesco QQQ ETF	20.71%	20.77%	25.58%	54.86%	-32.58%	8.80%

Correlation

The correlation between BSMV and QQQ is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.15
Correlation (3Y) Calculated over the trailing 3-year period	0.12
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021	0.12

BSMV vs. QQQ - Sectors Allocation Comparison

Sectors	BSMV	QQQ
Financial Services	3.5%	0.2%
Consumer Cyclical	0.0%	12.3%
Basic Materials	-	1.1%
Communication Services	-	15.8%
Consumer Defensive	-	7.7%
Energy	-	0.6%
Healthcare	-	4.2%
Industrials	-	2.8%
Real Estate	-	0.1%
Technology	-	53.8%
Utilities	-	1.4%

Return for Risk

BSMV vs. QQQ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSMV

BSMV Risk / Return Rank: 64
BSMV Sharpe Ratio Rank: 72
BSMV Sortino Ratio Rank: 79
BSMV Omega Ratio Rank: 82
BSMV Calmar Ratio Rank: 43
BSMV Martin Ratio Rank: 41

QQQ

QQQ Risk / Return Rank: 74
QQQ Sharpe Ratio Rank: 80
QQQ Sortino Ratio Rank: 76
QQQ Omega Ratio Rank: 75
QQQ Calmar Ratio Rank: 70
QQQ Martin Ratio Rank: 71

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSMV vs. QQQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2031 Municipal Bond ETF (BSMV) and Invesco QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	2.32	2.57	-0.24
Sortino ratio: Return per unit of downside risk	3.50	3.37	+0.13
Omega ratio: Gain probability vs. loss probability	1.48	1.44	+0.04
Calmar ratio: Return relative to maximum drawdown	2.09	3.42	-1.33
Martin ratio: Return relative to average drawdown	6.48	13.14	-6.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSMV vs. QQQ - Sharpe Ratio Comparison

The current BSMV Sharpe Ratio is 2.32, which is comparable to the QQQ Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of BSMV and QQQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSMV	QQQ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	2.57	-0.24
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.80	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.19	0.41	-0.60

Drawdowns

BSMV vs. QQQ - Drawdown Comparison

The maximum BSMV drawdown since its inception was -20.68%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for BSMV and QQQ.

Drawdown Indicators

	BSMV	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-20.68%	-82.97%	+62.29%
Max Drawdown (1Y) Largest decline over 1 year	-2.79%	-11.96%	+9.17%
Max Drawdown (3Y) Largest decline over 3 years	-6.63%	-22.77%	+16.14%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.12%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.12%	—
Current Drawdown Current decline from peak	-5.43%	-0.74%	-4.69%
Average Drawdown Average peak-to-trough decline	-10.44%	-32.78%	+22.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	3.11%	-2.21%

Volatility

BSMV vs. QQQ - Volatility Comparison

The current volatility for Invesco BulletShares 2031 Municipal Bond ETF (BSMV) is 0.82%, while Invesco QQQ ETF (QQQ) has a volatility of 4.51%. This indicates that BSMV experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSMV	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.82%	4.51%	-3.69%
Volatility (6M) Calculated over the trailing 6-month period	1.79%	12.10%	-10.31%
Volatility (1Y) Calculated over the trailing 1-year period	2.51%	15.94%	-13.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.69%	22.37%	-16.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.69%	22.29%	-16.60%

BSMV vs. QQQ - Expense Ratio Comparison

Both BSMV and QQQ have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

BSMV vs. QQQ - Dividend Comparison

BSMV's dividend yield for the trailing twelve months is around 2.90%, more than QQQ's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
QQQ Invesco QQQ ETF	0.38%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both BSMV and QQQ in my portfolio?

BSMV and QQQ have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSMV or QQQ?

QQQ has higher volatility (4.51%) compared to BSMV (0.82%). In terms of maximum drawdown, BSMV dropped -20.68% vs QQQ's -82.97%.

Which ETF is better, BSMV or QQQ?

On 3-year performance, QQQ leads with 28.54% vs 3.08% for BSMV. Both ETFs have the same 0.18% expense ratio. 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.

Which ETF has performed better, BSMV or QQQ?

Over the 3-year period, QQQ has performed better with a 28.54% return vs 3.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSMV or QQQ?

BSMV and QQQ have the same expense ratio: 0.18% per year.

Which ETF pays a higher dividend yield, BSMV or QQQ?

BSMV has the higher dividend yield at 2.90%, compared with 0.38% for QQQ.

What is the main difference between BSMV and QQQ?

BSMV is categorized as Municipal Bonds, while QQQ is Nasdaq-100. BSMV tracks Invesco BulletShares Municipal Bond 2031 Index, while QQQ tracks NASDAQ-100 Index.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (2.57 vs 2.32), 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.