BMOPvsBSMWETF Comparison
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BNY Mellon Municipal Opportunities ETF (BMOP) and Invesco BulletShares 2032 Municipal Bond ETF (BSMW) belong to the same industry segment: Municipal Bonds. BMOP's top 3 sector exposures are Municipal, Sovereign and Industrials. In contrast, BSMW's top sector exposures are Municipal. BMOP is more expensive with a Total Expense Ratio (TER) of 0.54%, versus 0.18% for BSMW. Run a side-by-side ETF comparison of BMOP and BSMW below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BMOP vs BSMW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BMOP BSMW | -0.77%-0.09% | -3.98%-3.05% | n/a-2.10% | n/a-1.51% | n/a+10.84% | n/an/a |
| Flows | BMOP BSMW | -$134M+$17M | -$123M+$27M | -+$89M | -+$112M | -+$207M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BMOP BSMW | +5.18%+4.97% | n/a+3.12% | n/a+4.15% | n/an/a |
| Max drawdown | BMOP BSMW | -5.91%-5.60% | n/a-6.62% | n/a-6.62% | n/an/a |
| Max drawdown duration | BMOP BSMW | 92d92d | n/a229d | n/a229d | n/an/a |
Trading data
BMOP | BSMW | |
Last sale 10/16/2026 at 1:30 PM | $23.73 | $24.03 |
| Previous close 10/15/2026 | $23.70 | $24.03 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 18, 2026
1-year trailing difference
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BMOP
is actively managed and doesn’t replicate an indexBMOP | BSMW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
BMOP | BSMW | |
|---|---|---|
| Last price | $23.73 | $24.03 |
| 1D performance | +0.13% | +0.00% |
| AuM | $1.56 B | $227.69 M |
| E/R | 0.54% | 0.18% |
Characteristics
BMOP | BSMW | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | BNY Mellon | Invesco |
| Benchmark | - | ICE BulletShares USD Municipal Bond 2032 Index |
| N° of holdings | 237 | 629 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | January 9, 2026 | March 1, 2023 |
| ESG | No | No |
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Exposure
Countries
BMOP
USA
42.2%
Other
57.8%
BSMW
USA
40.37%
Other
59.63%
Sectors
BMOP
Municipal
41.69%
Other
58.31%
BSMW
Municipal
40.37%
Other
59.63%
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Diversification
BMOP
Total weight of top 15 holdings out of 15
9.9%
BSMW
Total weight of top 15 holdings out of 15
5.14%
Top 15 holdings
Data as of August 31, 2026
BMOP
US45884AF813
0.89%
California Community Choice Financing Authority, 5% 1nov2033, USD (2025F)
0.79%
US052398FE91
0.75%
US745160SG73
0.74%
US575579U623
0.67%
US57421CNT70
0.62%
University of Texas, 5% 1jul2041, USD (2023A)
0.62%
US544532LU62
0.62%
State of Washington, 5% 1aug2040, USD (2024A)
0.61%
Black Belt Energy Gas District, 5% 1may2055, USD (2024)
0.60%
US56035DHT28
0.60%
Tennergy Corp., 5% 1oct2054, USD (2024)
0.60%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.60%
US09182TLC98
0.60%
US896035DL36
0.59%
BSMW
University of California Medical Center, 5% 15may2047, USD (2022)
0.51%
New York Municipal Water Finance Authority, 5.25% 15jun2052, USD (2023)
0.49%
US46246SAU96
0.42%
University of California, 5% 15may2032, USD (2022)
0.41%
University of California, 5% 15may2052, USD (2022)
0.38%
New York Dormitory Authority, 5% 1may2052, USD (2022A)
0.35%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.31%
New Jersey, 4% 1jun2032, USD
0.30%
Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2051, USD (2022D)
0.29%
US13063DT817
0.29%
US89602HEY99
0.28%
US01728VWU06
0.28%
New York Transitional Finance Authority, 5% 1feb2047, USD
0.28%
New York Municipal Water Finance Authority, 5% 15jun2047, USD
0.28%
Triborough Bridge and Tunnel Authority, 5.25% 15may2052, USD (2022C)
0.28%
Frequently asked questions about BMOP and BSMW
Which ETF is bigger: BMOP or BSMW?
As of October 16, 2026, BMOP holds $1.56 B in assets under management (AUM), while BSMW manages $227.69 M.
What sectors do the BMOP and BSMW ETFs invest in?
BMOP leans toward sectors like Municipal. Meanwhile, BSMW focuses on Municipal.
What are the top holdings of the BMOP ETF and BSMW ETF?
BMOP top holdings include US45884AF813, California Community Choice Financing Authority, 5% 1nov2033, USD (2025F) and US052398FE91. BSMW holds in its top three: University of California Medical Center, 5% 15may2047, USD (2022), New York Municipal Water Finance Authority, 5.25% 15jun2052, USD (2023) and US46246SAU96.
Which ETF is more diversified: BMOP or BSMW?
BMOP holds 667 securities with 9.9% of its assets in the top 15. BSMW has 1912 securities and a top 15 weight of 5.14%.
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