BSSX vs. MEAR
BSSX (Invesco BulletShares 2033 Municipal Bond ETF) and MEAR (iShares Short Maturity Municipal Bond ETF) are both Municipal Bonds funds. BSSX is passively managed, while MEAR is actively managed. Over the past year, BSSX returned 7.31% vs 3.69% for MEAR. At 0.31, their price movements are largely independent. BSSX charges 0.18%/yr vs 0.25%/yr for MEAR.
Performance
BSSX vs. MEAR - Performance Comparison
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Returns By Period
In the year-to-date period, BSSX achieves a 0.26% return, which is significantly lower than MEAR's 0.68% return.
BSSX
- 1D
- 0.17%
- 1M
- 0.37%
- YTD
- 0.26%
- 6M
- 1.62%
- 1Y
- 7.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MEAR
- 1D
- 0.10%
- 1M
- 0.03%
- YTD
- 0.68%
- 6M
- 1.27%
- 1Y
- 3.69%
- 3Y*
- 3.58%
- 5Y*
- 2.35%
- 10Y*
- 1.78%
BSSX vs. MEAR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BSSX Invesco BulletShares 2033 Municipal Bond ETF | 0.26% | 3.79% | -0.09% | 7.50% |
MEAR iShares Short Maturity Municipal Bond ETF | 0.68% | 3.76% | 3.40% | 1.45% |
Correlation
The correlation between BSSX and MEAR is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (All Time) Calculated using the full available price history since Sep 21, 2023 | 0.31 |
The correlation between BSSX and MEAR shifts across timeframes, from 0.19 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BSSX vs. MEAR — Risk / Return Rank
BSSX
MEAR
BSSX vs. MEAR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2033 Municipal Bond ETF (BSSX) and iShares Short Maturity Municipal Bond ETF (MEAR). 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 | MEAR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.03 | 4.34 | -2.31 |
Sortino ratioReturn per unit of downside risk | 2.83 | 6.97 | -4.15 |
Omega ratioGain probability vs. loss probability | 1.43 | 2.07 | -0.64 |
Calmar ratioReturn relative to maximum drawdown | 2.33 | 7.69 | -5.35 |
Martin ratioReturn relative to average drawdown | 8.92 | 33.02 | -24.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSSX | MEAR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.03 | 4.34 | -2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.42 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.17 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 1.10 | -0.54 |
Drawdowns
BSSX vs. MEAR - Drawdown Comparison
The maximum BSSX drawdown since its inception was -8.12%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for BSSX and MEAR.
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Drawdown Indicators
| BSSX | MEAR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.12% | -2.68% | -5.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -0.47% | -2.81% |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.12% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -2.68% | — |
Current DrawdownCurrent decline from peak | -1.75% | -0.14% | -1.61% |
Average DrawdownAverage peak-to-trough decline | -3.35% | -0.19% | -3.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.11% | +0.75% |
Volatility
BSSX vs. MEAR - Volatility Comparison
Invesco BulletShares 2033 Municipal Bond ETF (BSSX) has a higher volatility of 1.34% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.38%. This indicates that BSSX's price experiences larger fluctuations and is considered to be riskier than MEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSSX | MEAR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 0.38% | +0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 2.14% | 0.59% | +1.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 0.87% | +2.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.00% | 0.98% | +7.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.00% | 1.52% | +6.48% |
BSSX vs. MEAR - Expense Ratio Comparison
BSSX has a 0.18% expense ratio, which is lower than MEAR'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
BSSX vs. MEAR - Dividend Comparison
BSSX's dividend yield for the trailing twelve months is around 3.31%, more than MEAR's 2.87% 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% |
MEAR iShares Short Maturity Municipal Bond ETF | 2.87% | 2.95% | 3.44% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% |