BSMZ vs. SOXQ

Last updated Jun 25, 2026

BSMZ (Invesco BulletShares 2035 Municipal Bond ETF) and SOXQ (Invesco PHLX Semiconductor ETF) are both exchange-traded funds - BSMZ is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2035 Index, while SOXQ is a Semiconductors fund tracking the PHLX Semiconductor Sector Index. Both are passively managed. At a 0.21 correlation, their price movements are largely independent. BSMZ charges 0.18%/yr vs 0.19%/yr for SOXQ.

Performance

BSMZ vs. SOXQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) and Invesco PHLX Semiconductor ETF (SOXQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSMZ achieves a 2.20% return, which is significantly lower than SOXQ's 90.13% return.

BSMZ

• 1D: 0.21%
• 1M: 2.13%
• YTD: 2.20%
• 6M: 2.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SOXQ

• 1D: -0.25%
• 1M: 10.27%
• YTD: 90.13%
• 6M: 87.11%
• 1Y: 148.28%
• 3Y*: 57.47%
• 5Y*: 34.11%
• 10Y*: —

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

BSMZ vs. SOXQ - Yearly Performance Comparison

	2026 (YTD)	2025
BSMZ Invesco BulletShares 2035 Municipal Bond ETF	2.20%	1.66%
SOXQ Invesco PHLX Semiconductor ETF	90.13%	16.76%

Correlation

The correlation between BSMZ and SOXQ is 0.21, 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	0.21

Return for Risk

BSMZ vs. SOXQ — Risk / Return Rank

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

BSMZ

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

SOXQ

SOXQ Risk / Return Rank: 95
SOXQ Sharpe Ratio Rank: 96
SOXQ Sortino Ratio Rank: 91
SOXQ Omega Ratio Rank: 92
SOXQ Calmar Ratio Rank: 97
SOXQ Martin Ratio Rank: 96

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. SOXQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) and Invesco PHLX Semiconductor ETF (SOXQ). 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	SOXQ	Difference
Sharpe ratio: Return per unit of total volatility	—	3.86	—
Sortino ratio: Return per unit of downside risk	—	3.87	—
Omega ratio: Gain probability vs. loss probability	—	1.55	—
Calmar ratio: Return relative to maximum drawdown	—	9.57	—
Martin ratio: Return relative to average drawdown	—	34.13	—

Drawdowns

BSMZ vs. SOXQ - Drawdown Comparison

The maximum BSMZ drawdown since its inception was -3.26%, smaller than the maximum SOXQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for BSMZ and SOXQ.

Drawdown Indicators

	BSMZ	SOXQ	Difference
Max Drawdown Largest peak-to-trough decline	-3.26%	-46.01%	+42.75%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.59%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-39.36%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-46.01%	—
Current Drawdown Current decline from peak	0.00%	-8.05%	+8.05%
Average Drawdown Average peak-to-trough decline	-0.69%	-12.87%	+12.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.36%	—

Volatility

Volatility by Period

	BSMZ	SOXQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	22.00%	—
Volatility (6M) Calculated over the trailing 6-month period	—	32.41%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.77%	38.78%	-35.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.77%	37.33%	-33.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.77%	37.22%	-33.45%

BSMZ vs. SOXQ - Expense Ratio Comparison

BSMZ has a 0.18% expense ratio, which is lower than SOXQ's 0.19% 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. SOXQ - Dividend Comparison

BSMZ's dividend yield for the trailing twelve months is around 2.35%, more than SOXQ's 0.27% yield.

Position	TTM	2025	2024	2023	2022	2021
BSMZ Invesco BulletShares 2035 Municipal Bond ETF	2.35%	0.68%	0.00%	0.00%	0.00%	0.00%
SOXQ Invesco PHLX Semiconductor ETF	0.27%	0.50%	0.68%	0.87%	1.36%	0.72%

Frequently Asked Questions

Can I hold both BSMZ and SOXQ in my portfolio?

BSMZ and SOXQ have a correlation of 0.21, 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 SOXQ?

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 SOXQ?

BSMZ is cheaper with a 0.18% expense ratio, compared with 0.19% for SOXQ.

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

BSMZ has the higher dividend yield at 2.35%, compared with 0.27% for SOXQ.

What is the main difference between BSMZ and SOXQ?

BSMZ is categorized as Municipal Bonds, while SOXQ is Semiconductors. BSMZ tracks Invesco BulletShares USD Municipal Bond 2035 Index, while SOXQ tracks PHLX Semiconductor Sector Index. Their fees differ too: 0.18% for BSMZ and 0.19% for SOXQ.