IBMM vs. BSMP

Last updated Jun 5, 2026

IBMM (iShares iBonds Dec 2024 Term Muni Bond ETF) and BSMP (Invesco BulletShares 2025 Municipal Bond ETF) are both Municipal Bonds funds - IBMM tracks the S&P AMT-Free Municipal Series Dec 2024 Index while BSMP tracks the Invesco BulletShares Municipal Bond 2025 Index. Both are passively managed. Both charge a 0.18% expense ratio.

Performance

IBMM vs. BSMP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) and Invesco BulletShares 2025 Municipal Bond ETF (BSMP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IBMM

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSMP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

IBMM vs. BSMP - Yearly Performance Comparison

	2026 (YTD)
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%
BSMP Invesco BulletShares 2025 Municipal Bond ETF	0.00%

Return for Risk

IBMM vs. BSMP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2024 Term Muni Bond ETF (IBMM) and Invesco BulletShares 2025 Municipal Bond ETF (BSMP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Drawdowns

Drawdown Indicators

	IBMM	BSMP	Difference
Max Drawdown Largest peak-to-trough decline	0.00%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	0.00%	—	—

Volatility

Volatility by Period

	IBMM	BSMP	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.00%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.00%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.00%	—	—

IBMM vs. BSMP - Expense Ratio Comparison

Both IBMM and BSMP have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

IBMM vs. BSMP - Dividend Comparison

IBMM has not paid dividends to shareholders, while BSMP's dividend yield for the trailing twelve months is around 1.27%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BSMP Invesco BulletShares 2025 Municipal Bond ETF	1.27%	2.35%	2.53%	2.20%	1.23%	0.72%	1.32%	0.35%
IBMM iShares iBonds Dec 2024 Term Muni Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, IBMM or BSMP?

Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IBMM or BSMP?

IBMM and BSMP have the same expense ratio: 0.18% per year.

Which ETF pays a higher dividend yield, IBMM or BSMP?

BSMP has the higher dividend yield at 1.27%, compared with 0.00% for IBMM.

What is the main difference between IBMM and BSMP?

IBMM tracks S&P AMT-Free Municipal Series Dec 2024 Index, while BSMP tracks Invesco BulletShares Municipal Bond 2025 Index. They also come from different issuers: iShares and Invesco.