BSMZ vs. IDMO
BSMZ (Invesco BulletShares 2035 Municipal Bond ETF) and IDMO (Invesco S&P International Developed Momentum ETF) are both exchange-traded funds - BSMZ is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2035 Index, while IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Both are passively managed. At a 0.31 correlation, their price movements are largely independent. BSMZ charges 0.18%/yr vs 0.25%/yr for IDMO.
Performance
BSMZ vs. IDMO - Performance Comparison
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Returns By Period
In the year-to-date period, BSMZ achieves a 1.48% return, which is significantly lower than IDMO's 8.27% return.
BSMZ
- 1D
- -0.31%
- 1M
- -0.36%
- 6M
- 0.66%
- YTD
- 1.48%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IDMO
- 1D
- -1.59%
- 1M
- -2.15%
- 6M
- 5.42%
- YTD
- 8.27%
- 1Y
- 21.68%
- 3Y*
- 24.84%
- 5Y*
- 15.50%
- 10Y*
- 12.47%
BSMZ vs. IDMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BSMZ Invesco BulletShares 2035 Municipal Bond ETF | 1.48% | 1.66% |
IDMO Invesco S&P International Developed Momentum ETF | 8.27% | 6.01% |
Correlation
The correlation between BSMZ and IDMO is 0.31, 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 | 0.31 |
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Return for Risk
BSMZ vs. IDMO — Risk / Return Rank
BSMZ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
IDMO
BSMZ vs. IDMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) and Invesco S&P International Developed Momentum ETF (IDMO). 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 | IDMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.22 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.77 | — |
| Martin ratioReturn relative to average drawdown | — | 6.94 | — |
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Drawdowns
BSMZ vs. IDMO - Drawdown Comparison
The maximum BSMZ drawdown since its inception was -3.26%, smaller than the maximum IDMO drawdown of -39.38%. Use the drawdown chart below to compare losses from any high point for BSMZ and IDMO.
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Drawdown Indicators
| BSMZ | IDMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.26% | -39.38% | +36.12% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.31% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.65% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.07% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.34% | — |
Current DrawdownCurrent decline from peak | -1.19% | -3.93% | +2.74% |
Average DrawdownAverage peak-to-trough decline | -0.67% | -9.70% | +9.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.13% | — |
Volatility
BSMZ vs. IDMO - Volatility Comparison
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Volatility by Period
| BSMZ | IDMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 16.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 18.53% | -14.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.71% | 18.14% | -14.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.71% | 17.89% | -14.18% |
BSMZ vs. IDMO - Expense Ratio Comparison
BSMZ has a 0.18% expense ratio, which is lower than IDMO'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
BSMZ vs. IDMO - Dividend Comparison
BSMZ's dividend yield for the trailing twelve months is around 2.36%, less than IDMO's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMZ Invesco BulletShares 2035 Municipal Bond ETF | 2.36% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IDMO Invesco S&P International Developed Momentum ETF | 3.69% | 3.71% | 2.24% | 2.89% | 3.66% | 1.81% | 1.63% | 2.78% | 3.27% | 3.08% | 2.18% | 2.52% |
Frequently Asked Questions
BSMZ and IDMO have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BSMZ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BSMZ is cheaper with a 0.18% expense ratio, compared with 0.25% for IDMO.
IDMO has the higher dividend yield at 3.69%, compared with 2.36% for BSMZ.
BSMZ is categorized as Municipal Bonds, while IDMO is Momentum. BSMZ tracks Invesco BulletShares USD Municipal Bond 2035 Index, while IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index. Their fees differ too: 0.18% for BSMZ and 0.25% for IDMO.
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