THYM vs. BSMR
THYM (T. Rowe Price High Income Municipal ETF) and BSMR (Invesco BulletShares 2027 Municipal Bond ETF) are both exchange-traded funds - THYM is a High Yield Muni fund actively managed by T. Rowe Price, while BSMR is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2027 Index. THYM is actively managed, while BSMR is passively managed. Their 0.23 correlation means their historical movements had little consistent relationship. THYM charges 0.32%/yr vs 0.18%/yr for BSMR.
Performance
THYM vs. BSMR - Performance Comparison
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Returns By Period
In the year-to-date period, THYM achieves a 2.25% return, which is significantly higher than BSMR's 1.20% return.
THYM
- 1D
- 0.00%
- 1M
- -2.31%
- 6M
- 1.43%
- YTD
- 2.25%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
BSMR
- 1D
- -0.02%
- 1M
- 0.02%
- 6M
- 0.81%
- YTD
- 1.20%
- 1Y
- 2.68%
- 3Y*
- 2.88%
- 5Y*
- 0.37%
- 10Y*
- —
- ALL TIME*
- 1.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.01M | $1.10M | $1.36M | |
| $170.69K | $138.29K | $131.50K |
THYM vs. BSMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
THYM T. Rowe Price High Income Municipal ETF | 2.25% | 0.25% |
BSMR Invesco BulletShares 2027 Municipal Bond ETF | 1.20% | 0.44% |
Correlation
The correlation between THYM and BSMR is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 20, 2025 | 0.23 |
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Return for Risk
THYM vs. BSMR — Risk / Return Rank
THYM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BSMR
THYM vs. BSMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price High Income Municipal ETF (THYM) 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.
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.
| THYM | BSMR | 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 | — | 5.42 | — |
| Martin ratioReturn relative to average drawdown | — | 16.80 | — |
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Drawdowns
THYM vs. BSMR - Drawdown Comparison
The maximum THYM drawdown since its inception was -2.93%, smaller than the maximum BSMR drawdown of -13.49%. Use the drawdown chart below to compare losses from any high point for THYM and BSMR.
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Drawdown Indicators
| THYM | BSMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.93% | -13.49% | +10.56% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.57% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -2.91% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.89% | — |
Current DrawdownCurrent decline from peak | -2.31% | -0.11% | -2.20% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -3.41% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.18% | — |
Volatility
THYM vs. BSMR - Volatility Comparison
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Volatility by Period
| THYM | BSMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.44% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 0.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.41% | 1.31% | +3.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 3.01% | +1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 5.66% | -1.25% |
THYM vs. BSMR - Expense Ratio Comparison
THYM has a 0.32% expense ratio, which is higher than BSMR's 0.18% expense ratio.
Dividends
THYM vs. BSMR - Dividend Comparison
THYM's dividend yield for the trailing twelve months is around 2.99%, more than BSMR's 2.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSMR Invesco BulletShares 2027 Municipal Bond ETF | 2.70% | 2.77% | 2.78% | 2.72% | 1.40% | 1.00% | 1.49% | 0.45% |
THYM T. Rowe Price High Income Municipal ETF | 2.99% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
THYM and BSMR have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, BSMR is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
BSMR is cheaper with a 0.18% expense ratio, compared with 0.32% for THYM.
THYM has the higher dividend yield at 2.99%, compared with 2.70% for BSMR.
THYM is categorized as High Yield Muni, while BSMR is Municipal Bonds. They also come from different issuers: T. Rowe Price and Invesco. Their fees differ too: 0.32% for THYM and 0.18% for BSMR.
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