BSMY vs. BESF
BSMY (Invesco BulletShares 2034 Municipal Bond ETF) and BESF (Bastion Energy ETF) are both exchange-traded funds - BSMY is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2034 Index, while BESF is a Energy Equities fund actively managed by Bastion. BSMY is passively managed, while BESF is actively managed. Over the past year, BSMY returned 7.31% vs 61.61% for BESF. At a correlation of -0.25, they often move in opposite directions. BSMY charges 0.18%/yr vs 0.80%/yr for BESF.
Performance
BSMY vs. BESF - Performance Comparison
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Returns By Period
In the year-to-date period, BSMY achieves a 1.57% return, which is significantly lower than BESF's 16.12% return.
BSMY
- 1D
- -0.16%
- 1M
- 1.75%
- YTD
- 1.57%
- 6M
- 1.67%
- 1Y
- 7.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BESF
- 1D
- 1.01%
- 1M
- -6.28%
- YTD
- 16.12%
- 6M
- 15.17%
- 1Y
- 61.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSMY vs. BESF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BSMY Invesco BulletShares 2034 Municipal Bond ETF | 1.57% | 6.59% |
BESF Bastion Energy ETF | 16.12% | 38.76% |
Correlation
The correlation between BSMY and BESF 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 (All Time) Calculated using the full available price history since Jun 4, 2025 | -0.25 |
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Return for Risk
BSMY vs. BESF — Risk / Return Rank
BSMY
BESF
BSMY vs. BESF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2034 Municipal Bond ETF (BSMY) 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.
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.
| BSMY | BESF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.16 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.41 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 5.64 | -3.43 |
| Martin ratioReturn relative to average drawdown | 7.56 | 15.57 | -8.01 |
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Drawdowns
BSMY vs. BESF - Drawdown Comparison
The maximum BSMY drawdown since its inception was -6.81%, smaller than the maximum BESF drawdown of -10.97%. Use the drawdown chart below to compare losses from any high point for BSMY and BESF.
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Drawdown Indicators
| BSMY | BESF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.81% | -10.97% | +4.16% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -10.97% | +7.66% |
Current DrawdownCurrent decline from peak | -0.66% | -8.73% | +8.07% |
Average DrawdownAverage peak-to-trough decline | -1.94% | -2.74% | +0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 3.97% | -3.00% |
Volatility
BSMY vs. BESF - Volatility Comparison
The current volatility for Invesco BulletShares 2034 Municipal Bond ETF (BSMY) is 1.14%, while Bastion Energy ETF (BESF) has a volatility of 6.97%. This indicates that BSMY experiences smaller price fluctuations and is considered to be less risky than BESF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSMY | BESF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 6.97% | -5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 2.68% | 14.93% | -12.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.49% | 24.75% | -21.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.19% | 24.39% | -19.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.19% | 24.39% | -19.20% |
BSMY vs. BESF - Expense Ratio Comparison
BSMY has a 0.18% expense ratio, which is lower than BESF's 0.80% expense ratio.
Dividends
BSMY vs. BESF - Dividend Comparison
BSMY's dividend yield for the trailing twelve months is around 3.49%, less than BESF's 5.86% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BESF Bastion Energy ETF | 5.86% | 6.39% | 0.00% |
BSMY Invesco BulletShares 2034 Municipal Bond ETF | 3.49% | 3.31% | 0.79% |
Frequently Asked Questions
BSMY and BESF 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.
BESF has higher volatility (6.97%) compared to BSMY (1.14%). In terms of maximum drawdown, BSMY dropped -6.81% vs BESF's -10.97%.
On 1-year performance, BESF leads with 61.61% vs 7.31% for BSMY. On fees, BSMY is cheaper at 0.18% per year. On volatility, BSMY has been the lower-risk option at 1.14%. 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 61.61% return vs 7.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMY is cheaper with a 0.18% expense ratio, compared with 0.80% for BESF.
BESF has the higher dividend yield at 5.86%, compared with 3.49% for BSMY.
BSMY 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 BSMY and 0.80% for BESF.
BESF currently has the higher Sharpe Ratio (2.52 vs 2.11), 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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