INTM vs. BSMQ
INTM (Invesco Intermediate Municipal ETF) and BSMQ (Invesco BulletShares 2026 Municipal Bond ETF) are both Municipal Bonds funds from Invesco. INTM is actively managed, while BSMQ is passively managed. At a 0.09 correlation, their price movements are largely independent. INTM charges 0.35%/yr vs 0.18%/yr for BSMQ.
Performance
INTM vs. BSMQ - Performance Comparison
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Returns By Period
In the year-to-date period, INTM achieves a 2.72% return, which is significantly higher than BSMQ's 1.01% return.
INTM
- 1D
- 0.13%
- 1M
- 1.58%
- YTD
- 2.72%
- 6M
- 2.80%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSMQ
- 1D
- -0.08%
- 1M
- 0.27%
- YTD
- 1.01%
- 6M
- 1.09%
- 1Y
- 2.94%
- 3Y*
- 2.79%
- 5Y*
- 0.38%
- 10Y*
- —
INTM vs. BSMQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
INTM Invesco Intermediate Municipal ETF | 2.72% | 4.72% |
BSMQ Invesco BulletShares 2026 Municipal Bond ETF | 1.01% | 1.73% |
Correlation
The correlation between INTM and BSMQ is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.09 |
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Return for Risk
INTM vs. BSMQ — Risk / Return Rank
INTM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BSMQ
INTM vs. BSMQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Intermediate Municipal ETF (INTM) 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.
| INTM | BSMQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.46 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 9.00 | — |
| Martin ratioReturn relative to average drawdown | — | 23.77 | — |
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Drawdowns
INTM vs. BSMQ - Drawdown Comparison
The maximum INTM drawdown since its inception was -2.65%, smaller than the maximum BSMQ drawdown of -13.18%. Use the drawdown chart below to compare losses from any high point for INTM and BSMQ.
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Drawdown Indicators
| INTM | BSMQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.65% | -13.18% | +10.53% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.33% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.53% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.50% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.08% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -0.46% | -3.44% | +2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.12% | — |
Volatility
INTM vs. BSMQ - Volatility Comparison
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Volatility by Period
| INTM | BSMQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.41% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.94% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.52% | 1.32% | +1.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.52% | 2.66% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.52% | 4.77% | -2.25% |
INTM vs. BSMQ - Expense Ratio Comparison
INTM has a 0.35% expense ratio, which is higher than BSMQ's 0.18% expense ratio.
Dividends
INTM vs. BSMQ - Dividend Comparison
INTM's dividend yield for the trailing twelve months is around 2.90%, 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% |
INTM Invesco Intermediate Municipal ETF | 2.90% | 1.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
INTM and BSMQ have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BSMQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BSMQ is cheaper with a 0.18% expense ratio, compared with 0.35% for INTM.
INTM has the higher dividend yield at 2.90%, compared with 2.75% for BSMQ.
Their fees differ too: 0.35% for INTM and 0.18% for BSMQ.
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