GENM vs. BSMQ

Last updated Aug 4, 2026

GENM (Genter Capital Municipal Quality Intermediate ETF) and BSMQ (Invesco BulletShares 2026 Municipal Bond ETF) are both Municipal Bonds funds. GENM is actively managed, while BSMQ is passively managed. Over the past year, GENM returned 2.36% vs 2.89% for BSMQ. Their 0.23 correlation means their historical movements had little consistent relationship. GENM charges 0.39%/yr vs 0.18%/yr for BSMQ.

Performance

GENM vs. BSMQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Genter Capital Municipal Quality Intermediate ETF (GENM) and Invesco BulletShares 2026 Municipal Bond ETF (BSMQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GENM achieves a 0.11% return, which is significantly lower than BSMQ's 1.17% return.

GENM

• 1D: -0.20%
• 1M: -1.30%
• 6M: -0.73%
• YTD: 0.11%
• 1Y: 2.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.35%

BSMQ

• 1D: -0.04%
• 1M: 0.16%
• 6M: 0.98%
• YTD: 1.17%
• 1Y: 2.89%
• 3Y*: 3.04%
• 5Y*: 0.24%
• 10Y*: —
• ALL TIME*: 1.21%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BSMQ Invesco BulletShares 2026 Municipal Bond ETF	$709.45K	$1.45M	$1.55M
GENM Genter Capital Municipal Quality Intermediate ETF	$253.68K	$239.24K	$203.02K

GENM vs. BSMQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GENM Genter Capital Municipal Quality Intermediate ETF	0.11%	5.10%	2.19%
BSMQ Invesco BulletShares 2026 Municipal Bond ETF	1.17%	3.12%	2.31%

Correlation

The correlation between GENM and BSMQ is 0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.01
Correlation (All Time) Calculated using the full available price history since May 22, 2024	0.23

Over the past year, the correlation between GENM and BSMQ has dropped to 0.01 - well below their long-term average of 0.23, suggesting their price drivers have been diverging.

Return for Risk

GENM vs. BSMQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GENM

GENM Risk / Return Rank: 31
GENM Sharpe Ratio Rank: 31
GENM Sortino Ratio Rank: 29
GENM Omega Ratio Rank: 31
GENM Calmar Ratio Rank: 30
GENM Martin Ratio Rank: 31

BSMQ

BSMQ Risk / Return Rank: 93
BSMQ Sharpe Ratio Rank: 88
BSMQ Sortino Ratio Rank: 93
BSMQ Omega Ratio Rank: 91
BSMQ Calmar Ratio Rank: 98
BSMQ Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GENM vs. BSMQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Genter Capital Municipal Quality Intermediate ETF (GENM) and Invesco BulletShares 2026 Municipal Bond ETF (BSMQ). 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.

	GENM	BSMQ	Difference
Sharpe ratio: Return per unit of total volatility	0.84	2.24	-1.40
Sortino ratio: Return per unit of downside risk	1.20	3.67	-2.47
Omega ratio: Gain probability vs. loss probability	1.16	1.46	-0.30
Calmar ratio: Return relative to maximum drawdown	1.10	9.81	-8.71
Martin ratio: Return relative to average drawdown	3.02	26.08	-23.06

GENM vs. BSMQ - Sharpe Ratio Comparison

The current GENM Sharpe Ratio is 0.84, which is lower than the BSMQ Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of GENM and BSMQ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GENM vs. BSMQ - Drawdown Comparison

The maximum GENM drawdown since its inception was -2.41%, smaller than the maximum BSMQ drawdown of -13.18%. Use the drawdown chart below to compare losses from any high point for GENM and BSMQ.

Drawdown Indicators

	GENM	BSMQ	Difference
Max Drawdown Largest peak-to-trough decline	-2.41%	-13.18%	+10.77%
Max Drawdown (1Y) Largest decline over 1 year	-2.15%	-0.30%	-1.85%
Max Drawdown (3Y) Largest decline over 3 years	—	-2.05%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.50%	—
Current Drawdown Current decline from peak	-1.92%	-0.04%	-1.88%
Average Drawdown Average peak-to-trough decline	-0.53%	-3.39%	+2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.78%	0.11%	+0.67%

Volatility

GENM vs. BSMQ - Volatility Comparison

Genter Capital Municipal Quality Intermediate ETF (GENM) has a higher volatility of 0.94% compared to Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) at 0.26%. This indicates that GENM's price experiences larger fluctuations and is considered to be riskier than BSMQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GENM	BSMQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.94%	0.26%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	2.07%	0.86%	+1.21%
Volatility (1Y) Calculated over the trailing 1-year period	2.83%	1.30%	+1.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.15%	2.65%	+0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.15%	4.73%	-1.58%

GENM vs. BSMQ - Expense Ratio Comparison

GENM has a 0.39% expense ratio, which is higher than BSMQ's 0.18% expense ratio.

Dividends

GENM vs. BSMQ - Dividend Comparison

GENM's dividend yield for the trailing twelve months is around 2.97%, more than BSMQ's 2.75% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BSMQ Invesco BulletShares 2026 Municipal Bond ETF	2.75%	2.74%	2.75%	2.47%	1.60%	1.14%	1.57%	0.44%
GENM Genter Capital Municipal Quality Intermediate ETF	2.97%	2.88%	2.19%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GENM and BSMQ in my portfolio?

GENM and BSMQ have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GENM or BSMQ?

GENM has higher volatility (0.94%) compared to BSMQ (0.26%). In terms of maximum drawdown, GENM dropped -2.41% vs BSMQ's -13.18%.

Which ETF is better, GENM or BSMQ?

On 1-year performance, BSMQ leads with 2.89% vs 2.36% for GENM. On fees, BSMQ is cheaper at 0.18% per year. On volatility, BSMQ has been the lower-risk option at 0.26%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GENM or BSMQ?

Over the 1-year period, BSMQ has performed better with a 2.89% return vs 2.36%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GENM or BSMQ?

BSMQ is cheaper with a 0.18% expense ratio, compared with 0.39% for GENM.

Which ETF pays a higher dividend yield, GENM or BSMQ?

GENM has the higher dividend yield at 2.97%, compared with 2.75% for BSMQ.

What is the main difference between GENM and BSMQ?

They also come from different issuers: Genter Capital and Invesco. Their fees differ too: 0.39% for GENM and 0.18% for BSMQ.

Which has better risk-adjusted returns?

BSMQ currently has the higher Sharpe Ratio (2.24 vs 0.84), 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.