IBMS vs. BSMR
IBMS (iShares iBonds Dec 2030 Term Muni Bond ETF) and BSMR (Invesco BulletShares 2027 Municipal Bond ETF) are both Municipal Bonds funds - IBMS tracks the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2030 Index while BSMR tracks the Invesco BulletShares Municipal Bond 2027 Index. Both are passively managed. Over the past year, IBMS returned 4.50% vs 4.16% for BSMR. A 0.57 correlation means they provide meaningful diversification when combined. Both charge a 0.18% expense ratio.
Performance
IBMS vs. BSMR - Performance Comparison
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Returns By Period
In the year-to-date period, IBMS achieves a 0.35% return, which is significantly lower than BSMR's 1.04% return.
IBMS
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 0.35%
- 6M
- 0.87%
- 1Y
- 4.50%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSMR
- 1D
- 0.05%
- 1M
- 0.41%
- YTD
- 1.04%
- 6M
- 1.31%
- 1Y
- 4.16%
- 3Y*
- 3.03%
- 5Y*
- 0.48%
- 10Y*
- —
IBMS vs. BSMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
IBMS iShares iBonds Dec 2030 Term Muni Bond ETF | 0.35% | 5.36% | 3.03% |
BSMR Invesco BulletShares 2027 Municipal Bond ETF | 1.04% | 3.10% | 2.61% |
Correlation
The correlation between IBMS and BSMR is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since May 28, 2024 | 0.57 |
The correlation between IBMS and BSMR shifts across timeframes, from 0.47 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBMS vs. BSMR — Risk / Return Rank
IBMS
BSMR
IBMS vs. BSMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2030 Term Muni Bond ETF (IBMS) 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.
| IBMS | BSMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.74 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 7.37 | -5.37 |
| Martin ratioReturn relative to average drawdown | 5.41 | 23.41 | -17.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IBMS | BSMR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.23 | 3.33 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.16 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.42 | 0.22 | +1.20 |
Drawdowns
IBMS vs. BSMR - Drawdown Comparison
The maximum IBMS drawdown since its inception was -3.01%, smaller than the maximum BSMR drawdown of -13.49%. Use the drawdown chart below to compare losses from any high point for IBMS and BSMR.
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Drawdown Indicators
| IBMS | BSMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.01% | -13.49% | +10.48% |
Max Drawdown (1Y)Largest decline over 1 year | -2.25% | -0.57% | -1.68% |
Max Drawdown (3Y)Largest decline over 3 years | — | -3.50% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -12.02% | — |
Current DrawdownCurrent decline from peak | -1.17% | 0.00% | -1.17% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -3.49% | +2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.18% | +0.65% |
Volatility
IBMS vs. BSMR - Volatility Comparison
iShares iBonds Dec 2030 Term Muni Bond ETF (IBMS) has a higher volatility of 0.59% compared to Invesco BulletShares 2027 Municipal Bond ETF (BSMR) at 0.34%. This indicates that IBMS'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.
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Volatility by Period
| IBMS | BSMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.59% | 0.34% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.43% | 0.92% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.03% | 1.25% | +0.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.07% | 3.03% | +0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.07% | 5.72% | -2.65% |
IBMS vs. BSMR - Expense Ratio Comparison
Both IBMS and BSMR 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
IBMS vs. BSMR - Dividend Comparison
IBMS's dividend yield for the trailing twelve months is around 2.52%, less than BSMR's 2.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSMR Invesco BulletShares 2027 Municipal Bond ETF | 2.72% | 2.77% | 2.78% | 2.72% | 1.40% | 1.00% | 1.49% | 0.45% |
IBMS iShares iBonds Dec 2030 Term Muni Bond ETF | 2.52% | 2.49% | 1.38% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IBMS and BSMR have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IBMS has higher volatility (0.59%) compared to BSMR (0.34%). In terms of maximum drawdown, IBMS dropped -3.01% vs BSMR's -13.49%.
On 1-year performance, IBMS leads with 4.50% vs 4.16% for BSMR. Both ETFs have the same 0.18% expense ratio. On volatility, BSMR has been the lower-risk option at 0.34%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, IBMS has performed better with a 4.50% return vs 4.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IBMS and BSMR have the same expense ratio: 0.18% per year.
BSMR has the higher dividend yield at 2.72%, compared with 2.52% for IBMS.
IBMS tracks S&P AMT-Free Municipal Series Callable-Adjusted Dec 2030 Index, while BSMR tracks Invesco BulletShares Municipal Bond 2027 Index. They also come from different issuers: iShares and Invesco.
BSMR currently has the higher Sharpe Ratio (3.33 vs 2.23), 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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