DCI vs. BSMR

Last updated Jun 4, 2026

DCI (Donaldson Company, Inc.) is a stock, while BSMR (Invesco BulletShares 2027 Municipal Bond ETF) is Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2027 Index. Over the past 5 years, DCI returned 7.32%/yr vs 0.48%/yr for BSMR. At a 0.05 correlation, their price movements are largely independent.

Performance

DCI vs. BSMR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Donaldson Company, Inc. (DCI) and Invesco BulletShares 2027 Municipal Bond ETF (BSMR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DCI achieves a -3.60% return, which is significantly lower than BSMR's 1.04% return.

DCI

• 1D: -0.47%
• 1M: 0.07%
• YTD: -3.60%
• 6M: -2.12%
• 1Y: 24.81%
• 3Y*: 14.41%
• 5Y*: 7.32%
• 10Y*: 10.69%

BSMR

• 1D: 0.05%
• 1M: 0.41%
• YTD: 1.04%
• 6M: 1.31%
• 1Y: 4.16%
• 3Y*: 3.03%
• 5Y*: 0.48%
• 10Y*: —

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

DCI vs. BSMR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DCI Donaldson Company, Inc.	-3.60%	33.71%	4.62%	12.80%	0.96%	7.56%	-1.41%	12.07%
BSMR Invesco BulletShares 2027 Municipal Bond ETF	1.04%	3.10%	1.51%	4.47%	-7.60%	1.09%	4.97%	0.16%

Correlation

The correlation between DCI and BSMR is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.06
Correlation (3Y) Calculated over the trailing 3-year period	0.11
Correlation (5Y) Calculated over the trailing 5-year period	0.06
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.05

Return for Risk

DCI vs. BSMR — Risk / Return Rank

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

DCI

DCI Risk / Return Rank: 64
DCI Sharpe Ratio Rank: 70
DCI Sortino Ratio Rank: 64
DCI Omega Ratio Rank: 66
DCI Calmar Ratio Rank: 60
DCI Martin Ratio Rank: 60

BSMR

BSMR Risk / Return Rank: 94
BSMR Sharpe Ratio Rank: 92
BSMR Sortino Ratio Rank: 96
BSMR Omega Ratio Rank: 95
BSMR Calmar Ratio Rank: 94
BSMR Martin Ratio Rank: 92

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.

DCI vs. BSMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Donaldson Company, Inc. (DCI) and Invesco BulletShares 2027 Municipal Bond ETF (BSMR). 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.

	DCI	BSMR	Difference
Sharpe ratio: Return per unit of total volatility	0.96	3.33	-2.37
Sortino ratio: Return per unit of downside risk	1.48	5.57	-4.10
Omega ratio: Gain probability vs. loss probability	1.21	1.74	-0.53
Calmar ratio: Return relative to maximum drawdown	0.96	7.37	-6.42
Martin ratio: Return relative to average drawdown	2.19	23.41	-21.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DCI vs. BSMR - Sharpe Ratio Comparison

The current DCI Sharpe Ratio is 0.96, which is lower than the BSMR Sharpe Ratio of 3.33. The chart below compares the historical Sharpe Ratios of DCI and BSMR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DCI	BSMR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	3.33	-2.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.16	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.41	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.22	+0.29

Drawdowns

DCI vs. BSMR - Drawdown Comparison

The maximum DCI drawdown since its inception was -56.90%, which is greater than BSMR's maximum drawdown of -13.49%. Use the drawdown chart below to compare losses from any high point for DCI and BSMR.

Drawdown Indicators

	DCI	BSMR	Difference
Max Drawdown Largest peak-to-trough decline	-56.90%	-13.49%	-43.41%
Max Drawdown (1Y) Largest decline over 1 year	-26.05%	-0.57%	-25.48%
Max Drawdown (3Y) Largest decline over 3 years	-26.05%	-3.50%	-22.55%
Max Drawdown (5Y) Largest decline over 5 years	-32.20%	-12.02%	-20.18%
Max Drawdown (10Y) Largest decline over 10 years	-42.72%	—	—
Current Drawdown Current decline from peak	-22.70%	0.00%	-22.70%
Average Drawdown Average peak-to-trough decline	-11.08%	-3.49%	-7.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.35%	0.18%	+11.17%

Volatility

DCI vs. BSMR - Volatility Comparison

Donaldson Company, Inc. (DCI) has a higher volatility of 7.24% compared to Invesco BulletShares 2027 Municipal Bond ETF (BSMR) at 0.34%. This indicates that DCI's price experiences larger fluctuations and is considered to be riskier than BSMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DCI	BSMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.24%	0.34%	+6.90%
Volatility (6M) Calculated over the trailing 6-month period	21.87%	0.92%	+20.95%
Volatility (1Y) Calculated over the trailing 1-year period	25.94%	1.25%	+24.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.49%	3.03%	+20.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.87%	5.72%	+20.15%

Dividends

DCI vs. BSMR - Dividend Comparison

DCI's dividend yield for the trailing twelve months is around 1.41%, less than BSMR's 2.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSMR Invesco BulletShares 2027 Municipal Bond ETF	2.72%	2.77%	2.78%	2.72%	1.40%	1.00%	1.49%	0.45%	0.00%	0.00%	0.00%	0.00%
DCI Donaldson Company, Inc.	1.41%	1.32%	1.57%	1.50%	1.55%	1.47%	1.50%	1.42%	1.73%	1.45%	1.65%	2.36%

Frequently Asked Questions

Can I hold both DCI and BSMR in my portfolio?

DCI and BSMR have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DCI or BSMR?

DCI has higher volatility (7.24%) compared to BSMR (0.34%). In terms of maximum drawdown, DCI dropped -56.90% vs BSMR's -13.49%.

Which has better risk-adjusted returns?

BSMR currently has the higher Sharpe Ratio (3.33 vs 0.96), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.