RJMI vs. BSMQ
RJMI (RJ Eagle Municipal Income ETF) and BSMQ (Invesco BulletShares 2026 Municipal Bond ETF) are both Municipal Bonds funds. RJMI is actively managed, while BSMQ is passively managed. Their 0.16 correlation means their historical movements had little consistent relationship. RJMI charges 0.41%/yr vs 0.18%/yr for BSMQ.
Performance
RJMI vs. BSMQ - Performance Comparison
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Returns By Period
In the year-to-date period, RJMI achieves a -0.24% return, which is significantly lower than BSMQ's 1.21% return.
RJMI
- 1D
- -0.10%
- 1M
- -2.50%
- 6M
- -0.96%
- YTD
- -0.24%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BSMQ
- 1D
- 0.04%
- 1M
- 0.20%
- 6M
- 0.98%
- YTD
- 1.21%
- 1Y
- 2.94%
- 3Y*
- 2.88%
- 5Y*
- 0.26%
- 10Y*
- —
- ALL TIME*
- 1.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $752.85K | $1.46M | $1.59M | |
| $339.50K | $231.90K | $200.64K |
RJMI vs. BSMQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RJMI RJ Eagle Municipal Income ETF | -0.24% | 2.68% |
BSMQ Invesco BulletShares 2026 Municipal Bond ETF | 1.21% | 0.87% |
Correlation
The correlation between RJMI and BSMQ is 0.16, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.16 |
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Return for Risk
RJMI vs. BSMQ — Risk / Return Rank
RJMI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BSMQ
RJMI vs. BSMQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for RJ Eagle Municipal Income ETF (RJMI) 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.
| RJMI | BSMQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.48 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 10.33 | — |
| Martin ratioReturn relative to average drawdown | — | 27.47 | — |
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Drawdowns
RJMI vs. BSMQ - Drawdown Comparison
The maximum RJMI drawdown since its inception was -3.04%, smaller than the maximum BSMQ drawdown of -13.18%. Use the drawdown chart below to compare losses from any high point for RJMI and BSMQ.
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Drawdown Indicators
| RJMI | BSMQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.04% | -13.18% | +10.14% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.30% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.05% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.50% | — |
Current DrawdownCurrent decline from peak | -2.54% | 0.00% | -2.54% |
Average DrawdownAverage peak-to-trough decline | -0.70% | -3.39% | +2.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.11% | — |
Volatility
RJMI vs. BSMQ - Volatility Comparison
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Volatility by Period
| RJMI | BSMQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.86% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.11% | 1.30% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.11% | 2.65% | +0.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.11% | 4.74% | -1.63% |
RJMI vs. BSMQ - Expense Ratio Comparison
RJMI has a 0.41% expense ratio, which is higher than BSMQ's 0.18% expense ratio.
Dividends
RJMI vs. BSMQ - Dividend Comparison
RJMI's dividend yield for the trailing twelve months is around 2.60%, less 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% |
RJMI RJ Eagle Municipal Income ETF | 2.60% | 0.61% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RJMI and BSMQ have a correlation of 0.16, 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 0.41% for RJMI.
BSMQ has the higher dividend yield at 2.75%, compared with 2.60% for RJMI.
They also come from different issuers: Carillon Tower Advisers and Invesco. Their fees differ too: 0.41% for RJMI and 0.18% for BSMQ.
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