TTDU vs. BSMT

Last updated Jun 23, 2026

TTDU (T-REX 2X Long TTD Daily Target ETF) and BSMT (Invesco BulletShares 2029 Municipal Bond ETF) are both exchange-traded funds - TTDU is a Leveraged Equities fund actively managed by T-Rex, while BSMT is a Municipal Bonds fund tracking the Invesco BulletShares Municipal Bond 2029 Index. TTDU is actively managed, while BSMT is passively managed. At a correlation of -0.05, they often move in opposite directions. TTDU charges 1.50%/yr vs 0.18%/yr for BSMT.

Performance

TTDU vs. BSMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T-REX 2X Long TTD Daily Target ETF (TTDU) and Invesco BulletShares 2029 Municipal Bond ETF (BSMT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TTDU achieves a -83.11% return, which is significantly lower than BSMT's 1.16% return.

TTDU

• 1D: -4.58%
• 1M: -38.13%
• YTD: -83.11%
• 6M: -82.64%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSMT

• 1D: 0.10%
• 1M: 0.92%
• YTD: 1.16%
• 6M: 1.31%
• 1Y: 4.89%
• 3Y*: 2.92%
• 5Y*: -0.08%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

TTDU vs. BSMT - Yearly Performance Comparison

	2026 (YTD)	2025
TTDU T-REX 2X Long TTD Daily Target ETF	-83.11%	-36.72%
BSMT Invesco BulletShares 2029 Municipal Bond ETF	1.16%	0.50%

Correlation

The correlation between TTDU and BSMT is -0.05, 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 Sep 17, 2025	-0.05

Return for Risk

TTDU vs. BSMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TTDU

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BSMT

BSMT Risk / Return Rank: 79
BSMT Sharpe Ratio Rank: 88
BSMT Sortino Ratio Rank: 93
BSMT Omega Ratio Rank: 93
BSMT Calmar Ratio Rank: 64
BSMT Martin Ratio Rank: 57

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

TTDU vs. BSMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for T-REX 2X Long TTD Daily Target ETF (TTDU) and Invesco BulletShares 2029 Municipal Bond ETF (BSMT). 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.

	TTDU	BSMT	Difference
Sharpe ratio: Return per unit of total volatility	—	2.76	—
Sortino ratio: Return per unit of downside risk	—	4.46	—
Omega ratio: Gain probability vs. loss probability	—	1.62	—
Calmar ratio: Return relative to maximum drawdown	—	3.08	—
Martin ratio: Return relative to average drawdown	—	9.78	—

Drawdowns

TTDU vs. BSMT - Drawdown Comparison

The maximum TTDU drawdown since its inception was -92.39%, which is greater than BSMT's maximum drawdown of -16.20%. Use the drawdown chart below to compare losses from any high point for TTDU and BSMT.

Drawdown Indicators

	TTDU	BSMT	Difference
Max Drawdown Largest peak-to-trough decline	-92.39%	-16.20%	-76.19%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.60%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-4.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.20%	—
Current Drawdown Current decline from peak	-92.39%	-1.87%	-90.52%
Average Drawdown Average peak-to-trough decline	-60.92%	-5.62%	-55.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.50%	—

Volatility

Volatility by Period

	TTDU	BSMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	1.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	106.08%	1.79%	+104.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	106.08%	4.24%	+101.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	106.08%	6.40%	+99.68%

TTDU vs. BSMT - Expense Ratio Comparison

TTDU has a 1.50% expense ratio, which is higher than BSMT's 0.18% expense ratio.

Dividends

TTDU vs. BSMT - Dividend Comparison

TTDU has not paid dividends to shareholders, while BSMT's dividend yield for the trailing twelve months is around 2.97%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BSMT Invesco BulletShares 2029 Municipal Bond ETF	2.97%	2.78%	2.80%	2.62%	1.65%	1.31%	1.82%	0.48%
TTDU T-REX 2X Long TTD Daily Target ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TTDU and BSMT in my portfolio?

TTDU and BSMT have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TTDU or BSMT?

On fees, BSMT is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TTDU or BSMT?

BSMT is cheaper with a 0.18% expense ratio, compared with 1.50% for TTDU.

Which ETF pays a higher dividend yield, TTDU or BSMT?

BSMT has the higher dividend yield at 2.97%, compared with 0.00% for TTDU.

What is the main difference between TTDU and BSMT?

TTDU is categorized as Leveraged Equities, while BSMT is Municipal Bonds. They also come from different issuers: T-Rex and Invesco. Their fees differ too: 1.50% for TTDU and 0.18% for BSMT.