BSSX vs. HYMB
BSSX (Invesco BulletShares 2033 Municipal Bond ETF) and HYMB (SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF) are both Municipal Bonds funds — BSSX tracks the Invesco BulletShares USD Municipal Bond 2033 Index while HYMB tracks the Bloomberg Municipal Yield. Both are passively managed. Over the past year, BSSX returned 7.31% vs 7.93% for HYMB. A 0.60 correlation means they provide meaningful diversification when combined. BSSX charges 0.18%/yr vs 0.35%/yr for HYMB.
Performance
BSSX vs. HYMB - Performance Comparison
Loading graphics...
Returns By Period
In the year-to-date period, BSSX achieves a 0.26% return, which is significantly lower than HYMB's 1.72% return.
BSSX
- 1D
- 0.17%
- 1M
- 0.37%
- YTD
- 0.26%
- 6M
- 1.62%
- 1Y
- 7.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HYMB
- 1D
- -0.16%
- 1M
- 0.32%
- YTD
- 1.72%
- 6M
- 2.19%
- 1Y
- 7.93%
- 3Y*
- 4.42%
- 5Y*
- 0.50%
- 10Y*
- 2.49%
BSSX vs. HYMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BSSX Invesco BulletShares 2033 Municipal Bond ETF | 0.26% | 3.79% | -0.09% | 7.50% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 1.72% | 2.04% | 5.52% | 5.00% |
Correlation
The correlation between BSSX and HYMB is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.60 |
The correlation between BSSX and HYMB has been stable across timeframes, ranging from 0.56 to 0.60 — a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BSSX vs. HYMB — Risk / Return Rank
BSSX
HYMB
BSSX vs. HYMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2033 Municipal Bond ETF (BSSX) and SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB). 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.
| BSSX | HYMB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.03 | 1.90 | +0.12 |
Sortino ratioReturn per unit of downside risk | 2.83 | 2.78 | +0.04 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.38 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 2.74 | -0.41 |
Martin ratioReturn relative to average drawdown | 8.92 | 9.84 | -0.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BSSX | HYMB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 1.90 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.08 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.44 | +0.11 |
Drawdowns
BSSX vs. HYMB - Drawdown Comparison
The maximum BSSX drawdown since its inception was -8.12%, smaller than the maximum HYMB drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for BSSX and HYMB.
Loading graphics...
Drawdown Indicators
| BSSX | HYMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.12% | -29.57% | +21.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -3.11% | -0.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.15% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -1.75% | -0.70% | -1.05% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -3.84% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.86% | 0.00% |
Volatility
BSSX vs. HYMB - Volatility Comparison
The current volatility for Invesco BulletShares 2033 Municipal Bond ETF (BSSX) is 1.34%, while SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF (HYMB) has a volatility of 2.21%. This indicates that BSSX experiences smaller price fluctuations and is considered to be less risky than HYMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BSSX | HYMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 2.21% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 2.14% | 2.98% | -0.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 4.20% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.00% | 6.64% | +1.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.00% | 11.35% | -3.35% |
BSSX vs. HYMB - Expense Ratio Comparison
BSSX has a 0.18% expense ratio, which is lower than HYMB's 0.35% expense ratio.
Dividends
BSSX vs. HYMB - Dividend Comparison
BSSX's dividend yield for the trailing twelve months is around 3.31%, less than HYMB's 4.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSSX Invesco BulletShares 2033 Municipal Bond ETF | 3.31% | 3.27% | 3.29% | 0.95% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HYMB SPDR Nuveen Bloomberg Barclays High Yield Municipal Bond ETF | 4.55% | 4.55% | 4.29% | 4.07% | 3.77% | 3.19% | 3.55% | 3.95% | 4.03% | 3.78% | 4.08% | 4.54% |