MINN vs. BSMR
MINN (Mairs & Power Minnesota Municipal Bond ETF) and BSMR (Invesco BulletShares 2027 Municipal Bond ETF) are both Municipal Bonds funds. MINN is actively managed, while BSMR is passively managed. Over the past 5 years, MINN returned -0.31%/yr vs 0.48%/yr for BSMR. At a 0.49 correlation, their price movements are largely independent. MINN charges 0.25%/yr vs 0.18%/yr for BSMR.
Performance
MINN vs. BSMR - Performance Comparison
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Returns By Period
In the year-to-date period, MINN achieves a 0.35% return, which is significantly lower than BSMR's 1.04% return.
MINN
- 1D
- -0.11%
- 1M
- 0.30%
- YTD
- 0.35%
- 6M
- 0.92%
- 1Y
- 6.52%
- 3Y*
- 3.64%
- 5Y*
- -0.31%
- 10Y*
- —
BSMR
- 1D
- 0.05%
- 1M
- 0.41%
- YTD
- 1.04%
- 6M
- 1.31%
- 1Y
- 4.16%
- 3Y*
- 3.03%
- 5Y*
- 0.48%
- 10Y*
- —
MINN vs. BSMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
MINN Mairs & Power Minnesota Municipal Bond ETF | 0.35% | 5.61% | 0.21% | 5.41% | -12.27% | 1.28% |
BSMR Invesco BulletShares 2027 Municipal Bond ETF | 1.04% | 3.10% | 1.51% | 4.47% | -7.60% | 1.91% |
Correlation
The correlation between MINN and BSMR is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Mar 15, 2021 | 0.49 |
The correlation between MINN and BSMR shifts across timeframes, from 0.33 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MINN vs. BSMR — Risk / Return Rank
MINN
BSMR
MINN vs. BSMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Mairs & Power Minnesota Municipal Bond ETF (MINN) 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.
| MINN | BSMR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.82 | ||
| Sortino ratioReturn per unit of downside risk | -3.27 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.74 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 7.37 | -5.05 |
| Martin ratioReturn relative to average drawdown | 7.47 | 23.41 | -15.94 |
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
| MINN | BSMR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.51 | 3.33 | -1.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.16 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.22 | -0.24 |
Drawdowns
MINN vs. BSMR - Drawdown Comparison
The maximum MINN drawdown since its inception was -18.37%, which is greater than BSMR's maximum drawdown of -13.49%. Use the drawdown chart below to compare losses from any high point for MINN and BSMR.
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Drawdown Indicators
| MINN | BSMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -13.49% | -4.88% |
Max Drawdown (1Y)Largest decline over 1 year | -2.82% | -0.57% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -6.77% | -3.50% | -3.27% |
Max Drawdown (5Y)Largest decline over 5 years | -18.37% | -12.02% | -6.35% |
Current DrawdownCurrent decline from peak | -2.60% | 0.00% | -2.60% |
Average DrawdownAverage peak-to-trough decline | -7.78% | -3.49% | -4.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | 0.18% | +0.70% |
Volatility
MINN vs. BSMR - Volatility Comparison
Mairs & Power Minnesota Municipal Bond ETF (MINN) has a higher volatility of 0.99% compared to Invesco BulletShares 2027 Municipal Bond ETF (BSMR) at 0.34%. This indicates that MINN'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
| MINN | BSMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.99% | 0.34% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 0.92% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.33% | 1.25% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.09% | 3.03% | +2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 5.72% | -0.74% |
MINN vs. BSMR - Expense Ratio Comparison
MINN has a 0.25% expense ratio, which is higher than BSMR's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
MINN vs. BSMR - Dividend Comparison
MINN's dividend yield for the trailing twelve months is around 3.00%, more 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% |
MINN Mairs & Power Minnesota Municipal Bond ETF | 3.00% | 2.94% | 2.65% | 1.80% | 1.34% | 0.64% | 0.00% | 0.00% |
Frequently Asked Questions
MINN and BSMR have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MINN has higher volatility (0.99%) compared to BSMR (0.34%). In terms of maximum drawdown, MINN dropped -18.37% vs BSMR's -13.49%.
On 5-year performance, BSMR leads with 0.48% vs -0.31% for MINN. On fees, BSMR is cheaper at 0.18% per year. 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 5-year period, BSMR has performed better with a 0.48% return vs -0.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMR is cheaper with a 0.18% expense ratio, compared with 0.25% for MINN.
MINN has the higher dividend yield at 3.00%, compared with 2.72% for BSMR.
They also come from different issuers: Mairs & Power and Invesco. Their fees differ too: 0.25% for MINN and 0.18% for BSMR.
BSMR currently has the higher Sharpe Ratio (3.33 vs 1.51), 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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