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 0.11 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 2.00% return, which is significantly higher than IBMO's 0.97% return.
BSMZ
- 1D
- 0.49%
- 1M
- 1.97%
- YTD
- 2.00%
- 6M
- 2.30%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBMO
- 1D
- -0.03%
- 1M
- 0.17%
- YTD
- 0.97%
- 6M
- 0.96%
- 1Y
- 2.54%
- 3Y*
- 2.82%
- 5Y*
- 0.67%
- 10Y*
- —
BSMZ vs. IBMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BSMZ Invesco BulletShares 2035 Municipal Bond ETF | 2.00% | 1.66% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 0.97% | 0.48% |
Correlation
The correlation between BSMZ and IBMO is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 17, 2025 | 0.11 |
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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 | — | 1.49 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 7.02 | — |
| Martin ratioReturn relative to average drawdown | — | 20.83 | — |
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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 | -0.17% | -0.05% | -0.12% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -2.31% | +1.61% |
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 | — | 0.22% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.80% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 1.10% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.78% | 2.14% | +1.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.78% | 4.50% | -0.72% |
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 2.02%, less than IBMO's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSMZ Invesco BulletShares 2035 Municipal Bond ETF | 2.02% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 2.39% | 2.37% | 2.15% | 1.65% | 0.89% | 0.62% | 1.03% | 1.01% |
Frequently Asked Questions
BSMZ and IBMO have a correlation of 0.11, 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 2.39%, compared with 2.02% 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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