BSMY vs. RVNU
BSMY (Invesco BulletShares 2034 Municipal Bond ETF) and RVNU (Xtrackers Municipal Infrastructure Revenue Bond ETF) are both Municipal Bonds funds - BSMY tracks the Invesco BulletShares USD Municipal Bond 2034 Index while RVNU tracks the Solactive Municipal Infrastructure Revenue Bond Index. Both are passively managed. Over the past year, BSMY returned 8.12% vs 9.62% for RVNU. A 0.68 correlation means they provide meaningful diversification when combined. BSMY charges 0.18%/yr vs 0.15%/yr for RVNU.
Performance
BSMY vs. RVNU - Performance Comparison
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Returns By Period
In the year-to-date period, BSMY achieves a 1.43% return, which is significantly lower than RVNU's 3.71% return.
BSMY
- 1D
- 0.03%
- 1M
- 0.52%
- YTD
- 1.43%
- 6M
- 1.83%
- 1Y
- 8.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RVNU
- 1D
- -0.04%
- 1M
- 1.38%
- YTD
- 3.71%
- 6M
- 3.08%
- 1Y
- 9.62%
- 3Y*
- 3.65%
- 5Y*
- -0.23%
- 10Y*
- 1.90%
BSMY vs. RVNU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BSMY Invesco BulletShares 2034 Municipal Bond ETF | 1.43% | 3.82% | -1.86% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.71% | 0.58% | -1.93% |
Correlation
The correlation between BSMY and RVNU is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2024 | 0.68 |
The correlation between BSMY and RVNU has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.
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Return for Risk
BSMY vs. RVNU — Risk / Return Rank
BSMY
RVNU
BSMY vs. RVNU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2034 Municipal Bond ETF (BSMY) and Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU). 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 | RVNU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.36 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | 3.92 | -1.46 |
| Martin ratioReturn relative to average drawdown | 8.53 | 11.69 | -3.16 |
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 | RVNU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | 1.89 | +0.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.03 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.39 | -0.02 |
Drawdowns
BSMY vs. RVNU - Drawdown Comparison
The maximum BSMY drawdown since its inception was -6.81%, smaller than the maximum RVNU drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for BSMY and RVNU.
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Drawdown Indicators
| BSMY | RVNU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.81% | -23.51% | +16.70% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | -2.46% | -0.85% |
Max Drawdown (3Y)Largest decline over 3 years | — | -10.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.51% | — |
Current DrawdownCurrent decline from peak | -0.79% | -2.80% | +2.01% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -4.98% | +3.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 0.83% | +0.12% |
Volatility
BSMY vs. RVNU - Volatility Comparison
The current volatility for Invesco BulletShares 2034 Municipal Bond ETF (BSMY) is 1.28%, while Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) has a volatility of 1.42%. This indicates that BSMY experiences smaller price fluctuations and is considered to be less risky than RVNU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSMY | RVNU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | 1.42% | -0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 3.41% | -0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 5.12% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.23% | 7.19% | -1.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 7.27% | -2.04% |
BSMY vs. RVNU - Expense Ratio Comparison
BSMY has a 0.18% expense ratio, which is higher than RVNU's 0.15% expense ratio. However, 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. RVNU - Dividend Comparison
BSMY's dividend yield for the trailing twelve months is around 3.53%, which matches RVNU's 3.52% 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% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.52% | 3.46% | 3.06% | 2.79% | 2.81% | 2.18% | 2.43% | 2.75% | 2.76% | 2.49% | 2.72% | 3.01% |
Frequently Asked Questions
BSMY and RVNU have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RVNU has higher volatility (1.42%) compared to BSMY (1.28%). In terms of maximum drawdown, BSMY dropped -6.81% vs RVNU's -23.51%.
On 1-year performance, RVNU leads with 9.62% vs 8.12% for BSMY. On fees, RVNU is cheaper at 0.15% per year. On volatility, BSMY has been the lower-risk option at 1.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, RVNU has performed better with a 9.62% return vs 8.12%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RVNU is cheaper with a 0.15% expense ratio, compared with 0.18% for BSMY.
BSMY and RVNU have nearly identical dividend yields, around 3.53%.
BSMY tracks Invesco BulletShares USD Municipal Bond 2034 Index, while RVNU tracks Solactive Municipal Infrastructure Revenue Bond Index. They also come from different issuers: Invesco and Deutsche Bank. Their fees differ too: 0.18% for BSMY and 0.15% for RVNU.
BSMY currently has the higher Sharpe Ratio (2.36 vs 1.89), 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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