BSMY vs. FXN
BSMY (Invesco BulletShares 2034 Municipal Bond ETF) and FXN (First Trust Energy AlphaDEX Fund) are both exchange-traded funds - BSMY is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2034 Index, while FXN is a Energy Equities fund tracking the StrataQuant Energy Index. Both are passively managed. Over the past year, BSMY returned 7.85% vs 38.12% for FXN. At a correlation of -0.12, they often move in opposite directions. BSMY charges 0.18%/yr vs 0.64%/yr for FXN.
Performance
BSMY vs. FXN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BSMY achieves a 1.91% return, which is significantly lower than FXN's 24.83% return.
BSMY
- 1D
- 0.03%
- 1M
- 1.40%
- YTD
- 1.91%
- 6M
- 1.89%
- 1Y
- 7.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FXN
- 1D
- 1.00%
- 1M
- -6.17%
- YTD
- 24.83%
- 6M
- 25.90%
- 1Y
- 38.12%
- 3Y*
- 13.24%
- 5Y*
- 14.77%
- 10Y*
- 6.31%
BSMY vs. FXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BSMY Invesco BulletShares 2034 Municipal Bond ETF | 1.91% | 3.82% | -1.86% |
FXN First Trust Energy AlphaDEX Fund | 24.83% | 3.39% | 4.46% |
Correlation
The correlation between BSMY and FXN 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 Sep 11, 2024 | -0.12 |
The correlation between BSMY and FXN shifts across timeframes, from -0.24 (1 year) to -0.12 (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
BSMY vs. FXN — Risk / Return Rank
BSMY
FXN
BSMY vs. FXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2034 Municipal Bond ETF (BSMY) and First Trust Energy AlphaDEX Fund (FXN). 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 | FXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +1.27 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.26 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.95 | -0.57 |
| Martin ratioReturn relative to average drawdown | 8.12 | 8.14 | -0.03 |
Loading charts...
Drawdowns
BSMY vs. FXN - Drawdown Comparison
The maximum BSMY drawdown since its inception was -6.81%, smaller than the maximum FXN drawdown of -87.39%. Use the drawdown chart below to compare losses from any high point for BSMY and FXN.
Loading charts...
Drawdown Indicators
| BSMY | FXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.81% | -87.39% | +80.58% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -12.99% | +9.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.69% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.69% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.63% | — |
Current DrawdownCurrent decline from peak | -0.33% | -11.64% | +11.31% |
Average DrawdownAverage peak-to-trough decline | -1.93% | -37.89% | +35.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.97% | 4.69% | -3.72% |
Volatility
BSMY vs. FXN - Volatility Comparison
The current volatility for Invesco BulletShares 2034 Municipal Bond ETF (BSMY) is 0.98%, while First Trust Energy AlphaDEX Fund (FXN) has a volatility of 7.25%. This indicates that BSMY experiences smaller price fluctuations and is considered to be less risky than FXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BSMY | FXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 7.25% | -6.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | 17.21% | -14.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.49% | 23.65% | -20.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.18% | 28.95% | -23.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.18% | 34.93% | -29.75% |
BSMY vs. FXN - Expense Ratio Comparison
BSMY has a 0.18% expense ratio, which is lower than FXN's 0.64% expense ratio.
Dividends
BSMY vs. FXN - Dividend Comparison
BSMY's dividend yield for the trailing twelve months is around 3.48%, more than FXN's 2.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMY Invesco BulletShares 2034 Municipal Bond ETF | 3.48% | 3.31% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXN First Trust Energy AlphaDEX Fund | 2.23% | 2.53% | 2.50% | 3.09% | 2.28% | 0.87% | 4.71% | 1.47% | 1.43% | 1.17% | 1.05% | 2.36% |
Frequently Asked Questions
BSMY and FXN 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.
FXN has higher volatility (7.25%) compared to BSMY (0.98%). In terms of maximum drawdown, BSMY dropped -6.81% vs FXN's -87.39%.
On 1-year performance, FXN leads with 38.12% vs 7.85% for BSMY. On fees, BSMY is cheaper at 0.18% per year. On volatility, BSMY has been the lower-risk option at 0.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FXN has performed better with a 38.12% return vs 7.85%. 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 0.64% for FXN.
BSMY has the higher dividend yield at 3.48%, compared with 2.23% for FXN.
BSMY is categorized as Municipal Bonds, while FXN is Energy Equities. BSMY tracks Invesco BulletShares USD Municipal Bond 2034 Index, while FXN tracks StrataQuant Energy Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.18% for BSMY and 0.64% for FXN.
BSMY currently has the higher Sharpe Ratio (2.26 vs 1.62), 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 BSMY and FXN
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