BSMY vs. MEAR
BSMY (Invesco BulletShares 2034 Municipal Bond ETF) and MEAR (iShares Short Maturity Municipal Bond ETF) are both Municipal Bonds funds. BSMY is passively managed, while MEAR is actively managed. Over the past year, BSMY returned 8.12% vs 3.29% for MEAR. At a 0.35 correlation, their price movements are largely independent. BSMY charges 0.18%/yr vs 0.25%/yr for MEAR.
Performance
BSMY vs. MEAR - Performance Comparison
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Returns By Period
In the year-to-date period, BSMY achieves a 1.43% return, which is significantly higher than MEAR's 1.06% return.
BSMY
- 1D
- 0.03%
- 1M
- 0.52%
- YTD
- 1.43%
- 6M
- 1.83%
- 1Y
- 8.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEAR
- 1D
- 0.00%
- 1M
- 0.32%
- YTD
- 1.06%
- 6M
- 1.30%
- 1Y
- 3.29%
- 3Y*
- 3.58%
- 5Y*
- 2.43%
- 10Y*
- 1.78%
BSMY vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BSMY Invesco BulletShares 2034 Municipal Bond ETF | 1.43% | 3.82% | -1.86% |
MEAR iShares Short Maturity Municipal Bond ETF | 1.06% | 3.76% | 0.53% |
Correlation
The correlation between BSMY and MEAR is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024 | 0.35 |
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Return for Risk
BSMY vs. MEAR — Risk / Return Rank
BSMY
MEAR
BSMY vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2034 Municipal Bond ETF (BSMY) and iShares Short Maturity Municipal Bond ETF (MEAR). 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.
| BSMY | MEAR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.50 | ||
| Sortino ratioReturn per unit of downside risk | -2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.91 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 7.07 | -4.61 |
| Martin ratioReturn relative to average drawdown | 8.53 | 28.99 | -20.47 |
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
| BSMY | MEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 3.86 | -1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.48 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 1.11 | -0.74 |
Drawdowns
BSMY vs. MEAR - Drawdown Comparison
The maximum BSMY drawdown since its inception was -6.81%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for BSMY and MEAR.
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Drawdown Indicators
| BSMY | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.81% | -2.68% | -4.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -0.47% | -2.84% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.86% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -2.68% | — |
Current DrawdownCurrent decline from peak | -0.79% | 0.00% | -0.79% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -0.19% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.11% | +0.84% |
Volatility
BSMY vs. MEAR - Volatility Comparison
Invesco BulletShares 2034 Municipal Bond ETF (BSMY) has a higher volatility of 1.28% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.24%. This indicates that BSMY's price experiences larger fluctuations and is considered to be riskier than MEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSMY | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 0.24% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 0.61% | +1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 0.86% | +2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.23% | 0.98% | +4.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 1.52% | +3.71% |
BSMY vs. MEAR - Expense Ratio Comparison
BSMY has a 0.18% expense ratio, which is lower than MEAR's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BSMY vs. MEAR - Dividend Comparison
BSMY's dividend yield for the trailing twelve months is around 3.53%, more than MEAR's 2.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMY Invesco BulletShares 2034 Municipal Bond ETF | 3.53% | 3.31% | 0.79% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MEAR iShares Short Maturity Municipal Bond ETF | 2.84% | 2.95% | 3.44% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% |
Frequently Asked Questions
BSMY and MEAR have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSMY has higher volatility (1.28%) compared to MEAR (0.24%). In terms of maximum drawdown, BSMY dropped -6.81% vs MEAR's -2.68%.
On 1-year performance, BSMY leads with 8.12% vs 3.29% for MEAR. On fees, BSMY is cheaper at 0.18% per year. On volatility, MEAR has been the lower-risk option at 0.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, BSMY has performed better with a 8.12% return vs 3.29%. 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 0.25% for MEAR.
BSMY has the higher dividend yield at 3.53%, compared with 2.84% for MEAR.
They also come from different issuers: Invesco and iShares. Their fees differ too: 0.18% for BSMY and 0.25% for MEAR.
MEAR currently has the higher Sharpe Ratio (3.86 vs 2.36), 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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