RDIV vs. BSMW
RDIV (Invesco S&P Ultra Dividend Revenue ETF) and BSMW (Invesco BulletShares 2032 Municipal Bond ETF) are both exchange-traded funds - RDIV is a Mid Cap Value Equities fund tracking the S&P 900 Dividend Revenue-Weighted Index, while BSMW is a Municipal Bonds fund tracking the Invesco BulletShares USD Municipal Bond 2032 Index. Both are passively managed. Over the past 3 years, RDIV returned 19.82%/yr vs 2.88%/yr for BSMW. At a 0.04 correlation, their price movements are largely independent. RDIV charges 0.39%/yr vs 0.18%/yr for BSMW.
Performance
RDIV vs. BSMW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RDIV achieves a 13.79% return, which is significantly higher than BSMW's 1.38% return.
RDIV
- 1D
- 1.18%
- 1M
- 0.13%
- YTD
- 13.79%
- 6M
- 13.59%
- 1Y
- 28.68%
- 3Y*
- 19.82%
- 5Y*
- 11.36%
- 10Y*
- 11.03%
BSMW
- 1D
- -0.06%
- 1M
- 1.23%
- YTD
- 1.38%
- 6M
- 1.51%
- 1Y
- 6.18%
- 3Y*
- 2.88%
- 5Y*
- —
- 10Y*
- —
RDIV vs. BSMW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
RDIV Invesco S&P Ultra Dividend Revenue ETF | 13.79% | 12.36% | 15.17% | 2.89% |
BSMW Invesco BulletShares 2032 Municipal Bond ETF | 1.38% | 3.42% | -0.35% | 7.00% |
Correlation
The correlation between RDIV and BSMW is -0.10, 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 (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Mar 1, 2023 | 0.04 |
The correlation between RDIV and BSMW shifts across timeframes, from -0.10 (1 year) to 0.09 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RDIV vs. BSMW — Risk / Return Rank
RDIV
BSMW
RDIV vs. BSMW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Ultra Dividend Revenue ETF (RDIV) and Invesco BulletShares 2032 Municipal Bond ETF (BSMW). 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.
| RDIV | BSMW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.47 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.95 | 2.13 | +3.82 |
| Martin ratioReturn relative to average drawdown | 17.00 | 6.54 | +10.46 |
Loading charts...
Drawdowns
RDIV vs. BSMW - Drawdown Comparison
The maximum RDIV drawdown since its inception was -49.97%, which is greater than BSMW's maximum drawdown of -7.57%. Use the drawdown chart below to compare losses from any high point for RDIV and BSMW.
Loading charts...
Drawdown Indicators
| RDIV | BSMW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.97% | -7.57% | -42.40% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -2.92% | -1.92% |
Max Drawdown (3Y)Largest decline over 3 years | -17.91% | -7.34% | -10.57% |
Max Drawdown (5Y)Largest decline over 5 years | -24.89% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -49.97% | — | — |
Current DrawdownCurrent decline from peak | -2.54% | -0.90% | -1.64% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -1.71% | -4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.69% | 0.95% | +0.74% |
Volatility
RDIV vs. BSMW - Volatility Comparison
Invesco S&P Ultra Dividend Revenue ETF (RDIV) has a higher volatility of 4.58% compared to Invesco BulletShares 2032 Municipal Bond ETF (BSMW) at 0.48%. This indicates that RDIV's price experiences larger fluctuations and is considered to be riskier than BSMW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RDIV | BSMW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 0.48% | +4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 9.01% | 1.95% | +7.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.41% | 2.68% | +10.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.48% | 4.96% | +12.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.89% | 4.96% | +16.93% |
RDIV vs. BSMW - Expense Ratio Comparison
RDIV has a 0.39% expense ratio, which is higher than BSMW's 0.18% expense ratio.
Dividends
RDIV vs. BSMW - Dividend Comparison
RDIV's dividend yield for the trailing twelve months is around 3.72%, more than BSMW's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMW Invesco BulletShares 2032 Municipal Bond ETF | 3.20% | 3.24% | 3.48% | 2.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RDIV Invesco S&P Ultra Dividend Revenue ETF | 3.72% | 3.94% | 4.08% | 3.93% | 3.44% | 3.31% | 4.93% | 3.84% | 4.32% | 4.26% | 2.20% | 4.49% |
Frequently Asked Questions
RDIV and BSMW have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RDIV has higher volatility (4.58%) compared to BSMW (0.48%). In terms of maximum drawdown, RDIV dropped -49.97% vs BSMW's -7.57%.
On 3-year performance, RDIV leads with 19.82% vs 2.88% for BSMW. On fees, BSMW is cheaper at 0.18% per year. On volatility, BSMW has been the lower-risk option at 0.48%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, RDIV has performed better with a 19.82% return vs 2.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSMW is cheaper with a 0.18% expense ratio, compared with 0.39% for RDIV.
RDIV has the higher dividend yield at 3.72%, compared with 3.20% for BSMW.
RDIV is categorized as Mid Cap Value Equities, while BSMW is Municipal Bonds. RDIV tracks S&P 900 Dividend Revenue-Weighted Index, while BSMW tracks Invesco BulletShares USD Municipal Bond 2032 Index. Their fees differ too: 0.39% for RDIV and 0.18% for BSMW.
BSMW currently has the higher Sharpe Ratio (2.32 vs 2.15), 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.
Find the right allocation for RDIV and BSMW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer