BSMZ vs. RSP

Last updated Jun 5, 2026

BSMZ (Invesco BulletShares 2035 Municipal Bond ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - BSMZ is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2035 Index, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. At a 0.34 correlation, their price movements are largely independent. BSMZ charges 0.18%/yr vs 0.20%/yr for RSP.

Performance

BSMZ vs. RSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) and Invesco S&P 500 Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSMZ achieves a 1.80% return, which is significantly lower than RSP's 10.53% return.

BSMZ

• 1D: 0.02%
• 1M: 0.83%
• YTD: 1.80%
• 6M: 2.27%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

RSP

• 1D: 0.76%
• 1M: 3.73%
• YTD: 10.53%
• 6M: 10.98%
• 1Y: 20.68%
• 3Y*: 15.65%
• 5Y*: 8.50%
• 10Y*: 11.86%

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

BSMZ vs. RSP - Yearly Performance Comparison

	2026 (YTD)	2025
BSMZ Invesco BulletShares 2035 Municipal Bond ETF	1.80%	1.82%
RSP Invesco S&P 500 Equal Weight ETF	10.53%	2.57%

Correlation

The correlation between BSMZ and RSP is 0.34, 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 18, 2025	0.34

Return for Risk

BSMZ vs. RSP — Risk / Return Rank

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

RSP

RSP Risk / Return Rank: 55
RSP Sharpe Ratio Rank: 54
RSP Sortino Ratio Rank: 55
RSP Omega Ratio Rank: 52
RSP Calmar Ratio Rank: 55
RSP Martin Ratio Rank: 58

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.

BSMZ vs. RSP - 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 500 Equal Weight ETF (RSP). 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.

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

Sharpe Ratios by Period

	BSMZ	RSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.80	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.53	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.65	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.39	0.57	+0.82

Drawdowns

BSMZ vs. RSP - Drawdown Comparison

The maximum BSMZ drawdown since its inception was -3.26%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for BSMZ and RSP.

Drawdown Indicators

	BSMZ	RSP	Difference
Max Drawdown Largest peak-to-trough decline	-3.26%	-59.92%	+56.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-7.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.38%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.04%	—
Current Drawdown Current decline from peak	-0.37%	0.00%	-0.37%
Average Drawdown Average peak-to-trough decline	-0.70%	-6.65%	+5.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.06%	—

Volatility

Volatility by Period

	BSMZ	RSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.31%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.75%	11.56%	-7.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.75%	16.18%	-12.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.75%	18.35%	-14.60%

BSMZ vs. RSP - Expense Ratio Comparison

BSMZ has a 0.18% expense ratio, which is lower than RSP's 0.20% 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. RSP - Dividend Comparison

BSMZ's dividend yield for the trailing twelve months is around 2.02%, more than RSP's 1.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSMZ Invesco BulletShares 2035 Municipal Bond ETF	2.02%	0.68%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RSP Invesco S&P 500 Equal Weight ETF	1.48%	1.64%	1.52%	1.64%	1.82%	1.28%	1.64%	1.69%	2.02%	1.52%	1.20%	1.70%

Frequently Asked Questions

Can I hold both BSMZ and RSP in my portfolio?

BSMZ and RSP have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSMZ or RSP?

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.

Which ETF is cheaper, BSMZ or RSP?

BSMZ is cheaper with a 0.18% expense ratio, compared with 0.20% for RSP.

Which ETF pays a higher dividend yield, BSMZ or RSP?

BSMZ has the higher dividend yield at 2.02%, compared with 1.48% for RSP.

What is the main difference between BSMZ and RSP?

BSMZ is categorized as Municipal Bonds, while RSP is S&P 500. BSMZ tracks Invesco BulletShares USD Municipal Bond 2035 Index, while RSP tracks S&P 500 Equal Weight Index. Their fees differ too: 0.18% for BSMZ and 0.20% for RSP.