FERG vs. BSMT

Last updated Jun 5, 2026

FERG (Ferguson plc) is a stock, while BSMT (Invesco BulletShares 2029 Municipal Bond ETF) is Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2029 Index. Over the past 5 years, FERG returned 12.71%/yr vs -0.12%/yr for BSMT. At a 0.11 correlation, their price movements are largely independent.

Performance

FERG vs. BSMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ferguson plc (FERG) and Invesco BulletShares 2029 Municipal Bond ETF (BSMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FERG achieves a 4.78% return, which is significantly higher than BSMT's 0.98% return.

FERG

• 1D: 1.99%
• 1M: -8.43%
• YTD: 4.78%
• 6M: -6.51%
• 1Y: 8.75%
• 3Y*: 18.34%
• 5Y*: 12.71%
• 10Y*: 18.25%

BSMT

• 1D: -0.00%
• 1M: 0.43%
• YTD: 0.98%
• 6M: 1.43%
• 1Y: 5.15%
• 3Y*: 3.12%
• 5Y*: -0.12%
• 10Y*: —

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

FERG vs. BSMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
FERG Ferguson plc	4.78%	29.90%	-8.62%	55.10%	-27.17%	56.42%	33.97%	23.63%
BSMT Invesco BulletShares 2029 Municipal Bond ETF	0.98%	3.79%	0.38%	5.41%	-11.01%	1.42%	6.96%	-0.35%

Correlation

The correlation between FERG and BSMT is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.11

Return for Risk

FERG vs. BSMT — Risk / Return Rank

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

FERG

FERG Risk / Return Rank: 50
FERG Sharpe Ratio Rank: 53
FERG Sortino Ratio Rank: 45
FERG Omega Ratio Rank: 45
FERG Calmar Ratio Rank: 52
FERG Martin Ratio Rank: 54

BSMT

BSMT Risk / Return Rank: 80
BSMT Sharpe Ratio Rank: 86
BSMT Sortino Ratio Rank: 93
BSMT Omega Ratio Rank: 93
BSMT Calmar Ratio Rank: 66
BSMT Martin Ratio Rank: 60

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.

FERG vs. BSMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ferguson plc (FERG) and Invesco BulletShares 2029 Municipal Bond ETF (BSMT). 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.

	FERG	BSMT	Difference
Sharpe ratio: Return per unit of total volatility	0.31	2.80	-2.49
Sortino ratio: Return per unit of downside risk	0.62	4.54	-3.92
Omega ratio: Gain probability vs. loss probability	1.08	1.63	-0.55
Calmar ratio: Return relative to maximum drawdown	0.48	3.24	-2.76
Martin ratio: Return relative to average drawdown	1.21	10.53	-9.31
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FERG vs. BSMT - Sharpe Ratio Comparison

The current FERG Sharpe Ratio is 0.31, which is lower than the BSMT Sharpe Ratio of 2.80. The chart below compares the historical Sharpe Ratios of FERG and BSMT, 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

	FERG	BSMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	2.80	-2.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.43	-0.03	+0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.58	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.15	+0.44

Drawdowns

FERG vs. BSMT - Drawdown Comparison

The maximum FERG drawdown since its inception was -55.35%, which is greater than BSMT's maximum drawdown of -16.20%. Use the drawdown chart below to compare losses from any high point for FERG and BSMT.

Drawdown Indicators

	FERG	BSMT	Difference
Max Drawdown Largest peak-to-trough decline	-55.35%	-16.20%	-39.15%
Max Drawdown (1Y) Largest decline over 1 year	-18.32%	-1.60%	-16.72%
Max Drawdown (3Y) Largest decline over 3 years	-32.92%	-4.79%	-28.13%
Max Drawdown (5Y) Largest decline over 5 years	-43.31%	-16.20%	-27.11%
Max Drawdown (10Y) Largest decline over 10 years	-55.35%	—	—
Current Drawdown Current decline from peak	-13.53%	-2.05%	-11.48%
Average Drawdown Average peak-to-trough decline	-9.81%	-5.64%	-4.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.22%	0.49%	+6.73%

Volatility

FERG vs. BSMT - Volatility Comparison

Ferguson plc (FERG) has a higher volatility of 7.15% compared to Invesco BulletShares 2029 Municipal Bond ETF (BSMT) at 0.62%. This indicates that FERG's price experiences larger fluctuations and is considered to be riskier than BSMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FERG	BSMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.15%	0.62%	+6.53%
Volatility (6M) Calculated over the trailing 6-month period	21.70%	1.22%	+20.48%
Volatility (1Y) Calculated over the trailing 1-year period	28.41%	1.85%	+26.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.05%	4.25%	+25.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.51%	6.42%	+25.09%

Dividends

FERG vs. BSMT - Dividend Comparison

FERG's dividend yield for the trailing twelve months is around 1.88%, less than BSMT's 2.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BSMT Invesco BulletShares 2029 Municipal Bond ETF	2.74%	2.78%	2.80%	2.62%	1.65%	1.31%	1.82%	0.48%	0.00%	0.00%	0.00%
FERG Ferguson plc	1.88%	1.12%	1.84%	1.57%	2.76%	2.34%	2.33%	2.43%	3.75%	3.52%	1.11%

Frequently Asked Questions

Can I hold both FERG and BSMT in my portfolio?

FERG and BSMT have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FERG or BSMT?

FERG has higher volatility (7.15%) compared to BSMT (0.62%). In terms of maximum drawdown, FERG dropped -55.35% vs BSMT's -16.20%.

Which has better risk-adjusted returns?

BSMT currently has the higher Sharpe Ratio (2.80 vs 0.31), 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.