BSMY vs. MLPI

Last updated Jul 17, 2026

BSMY (Invesco BulletShares 2034 Municipal Bond ETF) and MLPI (NEOS MLP & Energy Infrastructure High Income ETF) are both exchange-traded funds - BSMY is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2034 Index, while MLPI is a MLPs fund actively managed by NEOS. BSMY is passively managed, while MLPI is actively managed. At a correlation of -0.33, they often move in opposite directions. BSMY charges 0.18%/yr vs 0.68%/yr for MLPI.

Performance

BSMY vs. MLPI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2034 Municipal Bond ETF (BSMY) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSMY achieves a 1.30% return, which is significantly lower than MLPI's 21.15% return.

BSMY

• 1D: -0.22%
• 1M: -0.25%
• 6M: 0.44%
• YTD: 1.30%
• 1Y: 7.58%
• 3Y*: —
• 5Y*: —
• 10Y*: —

MLPI

• 1D: 0.43%
• 1M: 3.48%
• 6M: 21.06%
• YTD: 21.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSMY vs. MLPI - Yearly Performance Comparison

	2026 (YTD)	2025
BSMY Invesco BulletShares 2034 Municipal Bond ETF	1.30%	0.26%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	21.15%	0.36%

Correlation

The correlation between BSMY and MLPI is -0.33, 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 (All Time) Calculated using the full available price history since Dec 18, 2025	-0.33

Return for Risk

BSMY vs. MLPI — Risk / Return Rank

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

BSMY

BSMY Risk / Return Rank: 76
BSMY Sharpe Ratio Rank: 85
BSMY Sortino Ratio Rank: 88
BSMY Omega Ratio Rank: 90
BSMY Calmar Ratio Rank: 57
BSMY Martin Ratio Rank: 58

MLPI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

BSMY vs. MLPI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2034 Municipal Bond ETF (BSMY) and NEOS MLP & Energy Infrastructure High Income ETF (MLPI). 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	MLPI	Difference
Sharpe ratio: Return per unit of total volatility	2.19	—	—
Sortino ratio: Return per unit of downside risk	3.29	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	2.30	—	—
Martin ratio: Return relative to average drawdown	7.98	—	—

Drawdowns

BSMY vs. MLPI - Drawdown Comparison

The maximum BSMY drawdown since its inception was -6.81%, which is greater than MLPI's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for BSMY and MLPI.

Drawdown Indicators

	BSMY	MLPI	Difference
Max Drawdown Largest peak-to-trough decline	-6.81%	-5.38%	-1.43%
Max Drawdown (1Y) Largest decline over 1 year	-3.31%	—	—
Current Drawdown Current decline from peak	-0.95%	-0.91%	-0.04%
Average Drawdown Average peak-to-trough decline	-1.88%	-1.58%	-0.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.95%	—	—

Volatility

Volatility by Period

	BSMY	MLPI	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.48%	13.25%	-9.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.12%	13.25%	-8.13%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.12%	13.25%	-8.13%

BSMY vs. MLPI - Expense Ratio Comparison

BSMY has a 0.18% expense ratio, which is lower than MLPI's 0.68% expense ratio.

Dividends

BSMY vs. MLPI - Dividend Comparison

BSMY's dividend yield for the trailing twelve months is around 3.50%, less than MLPI's 7.10% yield.

Position	TTM	2025	2024
BSMY Invesco BulletShares 2034 Municipal Bond ETF	3.50%	3.31%	0.79%
MLPI NEOS MLP & Energy Infrastructure High Income ETF	7.10%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSMY and MLPI in my portfolio?

BSMY and MLPI have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSMY or MLPI?

On fees, BSMY is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSMY or MLPI?

BSMY is cheaper with a 0.18% expense ratio, compared with 0.68% for MLPI.

Which ETF pays a higher dividend yield, BSMY or MLPI?

MLPI has the higher dividend yield at 7.10%, compared with 3.50% for BSMY.

What is the main difference between BSMY and MLPI?

BSMY is categorized as Municipal Bonds, while MLPI is MLPs. They also come from different issuers: Invesco and NEOS. Their fees differ too: 0.18% for BSMY and 0.68% for MLPI.