BSMZ vs. IBMO
BSMZ (Invesco BulletShares 2035 Municipal Bond ETF) and IBMO (iShares iBonds Dec 2026 Term Muni Bond ETF) are both Municipal Bonds funds - BSMZ tracks the Invesco BulletShares USD Municipal Bond 2035 Index while IBMO tracks the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index. Both are passively managed. At a 0.08 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
BSMZ vs. IBMO - Performance Comparison
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Returns By Period
In the year-to-date period, BSMZ achieves a 1.48% return, which is significantly higher than IBMO's 1.22% return.
BSMZ
- 1D
- -0.31%
- 1M
- -0.36%
- 6M
- 0.66%
- YTD
- 1.48%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBMO
- 1D
- 0.04%
- 1M
- 0.19%
- 6M
- 1.01%
- YTD
- 1.22%
- 1Y
- 2.55%
- 3Y*
- 2.79%
- 5Y*
- 0.62%
- 10Y*
- —
BSMZ vs. IBMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BSMZ Invesco BulletShares 2035 Municipal Bond ETF | 1.48% | 1.66% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 1.22% | 0.48% |
Correlation
The correlation between BSMZ and IBMO is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.08 |
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Return for Risk
BSMZ vs. IBMO — Risk / Return Rank
BSMZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IBMO
BSMZ vs. IBMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) and iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO). 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.
| BSMZ | IBMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.45 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 6.76 | — |
| Martin ratioReturn relative to average drawdown | — | 19.98 | — |
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Drawdowns
BSMZ vs. IBMO - Drawdown Comparison
The maximum BSMZ drawdown since its inception was -3.26%, smaller than the maximum IBMO drawdown of -14.77%. Use the drawdown chart below to compare losses from any high point for BSMZ and IBMO.
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Drawdown Indicators
| BSMZ | IBMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.26% | -14.77% | +11.51% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.38% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -1.76% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -8.86% | — |
Current DrawdownCurrent decline from peak | -1.19% | 0.00% | -1.19% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -2.29% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.13% | — |
Volatility
BSMZ vs. IBMO - Volatility Comparison
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Volatility by Period
| BSMZ | IBMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.31% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.71% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 1.13% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.71% | 2.14% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.71% | 4.48% | -0.77% |
BSMZ vs. IBMO - Expense Ratio Comparison
Both BSMZ and IBMO have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
BSMZ vs. IBMO - Dividend Comparison
BSMZ's dividend yield for the trailing twelve months is around 2.36%, less than IBMO's 2.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSMZ Invesco BulletShares 2035 Municipal Bond ETF | 2.36% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 2.40% | 2.37% | 2.15% | 1.65% | 0.89% | 0.62% | 1.03% | 1.01% |
Frequently Asked Questions
BSMZ and IBMO have a correlation of 0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BSMZ and IBMO have the same expense ratio: 0.18% per year.
IBMO has the higher dividend yield at 2.40%, compared with 2.36% for BSMZ.
BSMZ tracks Invesco BulletShares USD Municipal Bond 2035 Index, while IBMO tracks S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index. They also come from different issuers: Invesco and iShares.
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