FXN vs. BSMU
FXN (First Trust Energy AlphaDEX Fund) and BSMU (Invesco BulletShares 2030 Municipal Bond ETF) are both exchange-traded funds - FXN is a Energy Equities fund tracking the StrataQuant Energy Index, while BSMU is a Municipal Bonds fund tracking the Invesco Bulletshares Municipal Bond 2030 Index. Both are passively managed. Over the past 5 years, FXN returned 15.62%/yr vs -0.83%/yr for BSMU. At a correlation of -0.09, they often move in opposite directions. FXN charges 0.64%/yr vs 0.18%/yr for BSMU.
Performance
FXN vs. BSMU - Performance Comparison
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Returns By Period
In the year-to-date period, FXN achieves a 26.05% return, which is significantly higher than BSMU's 0.75% return.
FXN
- 1D
- -0.15%
- 1M
- -4.00%
- 6M
- 23.72%
- YTD
- 26.05%
- 1Y
- 30.42%
- 3Y*
- 10.88%
- 5Y*
- 15.62%
- 10Y*
- 5.52%
BSMU
- 1D
- 0.09%
- 1M
- 0.17%
- 6M
- 0.22%
- YTD
- 0.75%
- 1Y
- 4.28%
- 3Y*
- 2.87%
- 5Y*
- -0.83%
- 10Y*
- —
FXN vs. BSMU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FXN First Trust Energy AlphaDEX Fund | 26.05% | 3.39% | 0.27% | 0.97% | 46.92% | 51.79% | 31.39% |
BSMU Invesco BulletShares 2030 Municipal Bond ETF | 0.75% | 4.35% | -0.29% | 6.31% | -13.76% | 1.88% | 4.00% |
Correlation
The correlation between FXN and BSMU is -0.26, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.09 |
Correlation (All Time) Calculated using the full available price history since Oct 12, 2020 | -0.09 |
The correlation between FXN and BSMU shifts across timeframes, from -0.26 (1 year) to -0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FXN vs. BSMU — Risk / Return Rank
FXN
BSMU
FXN vs. BSMU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Energy AlphaDEX Fund (FXN) and Invesco BulletShares 2030 Municipal Bond ETF (BSMU). 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.
| FXN | BSMU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.59 | ||
| Sortino ratioReturn per unit of downside risk | -1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.41 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 1.99 | +0.36 |
| Martin ratioReturn relative to average drawdown | 5.98 | 5.73 | +0.26 |
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Drawdowns
FXN vs. BSMU - Drawdown Comparison
The maximum FXN drawdown since its inception was -87.39%, which is greater than BSMU's maximum drawdown of -19.48%. Use the drawdown chart below to compare losses from any high point for FXN and BSMU.
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Drawdown Indicators
| FXN | BSMU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -87.39% | -19.48% | -67.91% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -2.06% | -11.35% |
Max Drawdown (3Y)Largest decline over 3 years | -31.69% | -5.92% | -25.77% |
Max Drawdown (5Y)Largest decline over 5 years | -31.69% | -19.48% | -12.21% |
Max Drawdown (10Y)Largest decline over 10 years | -80.63% | — | — |
Current DrawdownCurrent decline from peak | -10.77% | -4.65% | -6.12% |
Average DrawdownAverage peak-to-trough decline | -37.84% | -8.13% | -29.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.25% | 0.72% | +4.53% |
Volatility
FXN vs. BSMU - Volatility Comparison
First Trust Energy AlphaDEX Fund (FXN) has a higher volatility of 6.15% compared to Invesco BulletShares 2030 Municipal Bond ETF (BSMU) at 0.60%. This indicates that FXN's price experiences larger fluctuations and is considered to be riskier than BSMU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FXN | BSMU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 0.60% | +5.55% |
Volatility (6M)Calculated over the trailing 6-month period | 17.18% | 1.54% | +15.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.35% | 2.11% | +21.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.87% | 4.81% | +24.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.84% | 4.81% | +30.03% |
FXN vs. BSMU - Expense Ratio Comparison
FXN has a 0.64% expense ratio, which is higher than BSMU's 0.18% expense ratio.
Dividends
FXN vs. BSMU - Dividend Comparison
FXN's dividend yield for the trailing twelve months is around 1.74%, less than BSMU's 2.79% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMU Invesco BulletShares 2030 Municipal Bond ETF | 2.79% | 2.82% | 2.92% | 2.66% | 2.16% | 1.60% | 0.28% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FXN First Trust Energy AlphaDEX Fund | 1.74% | 2.53% | 2.50% | 3.09% | 2.28% | 0.87% | 4.71% | 1.47% | 1.43% | 1.17% | 1.05% | 2.36% |
Frequently Asked Questions
FXN and BSMU have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FXN has higher volatility (6.15%) compared to BSMU (0.60%). In terms of maximum drawdown, FXN dropped -87.39% vs BSMU's -19.48%.
On 5-year performance, FXN leads with 15.62% vs -0.83% for BSMU. On fees, BSMU is cheaper at 0.18% per year. On volatility, BSMU has been the lower-risk option at 0.60%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FXN has performed better with a 15.62% return vs -0.83%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMU is cheaper with a 0.18% expense ratio, compared with 0.64% for FXN.
BSMU has the higher dividend yield at 2.79%, compared with 1.74% for FXN.
FXN is categorized as Energy Equities, while BSMU is Municipal Bonds. FXN tracks StrataQuant Energy Index, while BSMU tracks Invesco Bulletshares Municipal Bond 2030 Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.64% for FXN and 0.18% for BSMU.
BSMU currently has the higher Sharpe Ratio (1.94 vs 1.35), 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.
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