BSMAvsVTEIETF Comparison
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Invesco BulletShares 2036 Municipal Bond ETF (BSMA) and Vanguard Intermediate-Term Tax-Exempt Bond ETF (VTEI) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. BSMA is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.08% for VTEI. Run a side-by-side ETF comparison of BSMA and VTEI 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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BSMA vs VTEI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/02/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMA VTEI | +4.46%+2.98% | n/a+0.04% | n/a+0.06% | n/a+0.68% | n/an/a | n/an/a |
| Flows | BSMA VTEI | +$12M+$545M | -+$744M | -+$1.16B | -+$1.30B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMA VTEI | n/a+4.69% | n/a+2.98% | n/an/a | n/an/a |
| Max drawdown | BSMA VTEI | n/a-4.97% | n/a-6.13% | n/an/a | n/an/a |
| Max drawdown duration | BSMA VTEI | n/a81d | n/a246d | n/an/a | n/an/a |
Trading data
BSMA | VTEI | |
Last sale 11/3/2026 at 2:30 PM | $25.59 | $98.31 |
| Previous close 11/02/2026 | $25.58 | $98.29 |
| Consolidated volume 11/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 30, 2026
1-year trailing difference
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BSMA | VTEI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/3/2026 at 2:30 PM
Live
Closed
BSMA | VTEI | |
|---|---|---|
| Last price | $25.59 | $98.31 |
| 1D performance | +0.03% | +0.02% |
| AuM | $17.89 M | $2.27 B |
| E/R | 0.18% | 0.08% |
Characteristics
BSMA | VTEI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Vanguard |
| Benchmark | ICE BulletShares Municipal Bond 2036 Index | S&P Intermediate Term National AMT-Free Municipal Bond Index |
| N° of holdings | 101 | 3031 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 16, 2026 | January 30, 2024 |
| ESG | No | No |
Exposure
Countries
BSMA
USA
52.32%
Other
47.68%
VTEI
USA
53.03%
Other
46.97%
Sectors
BSMA
Municipal
52.32%
Other
47.68%
VTEI
Municipal
53.03%
Other
46.97%
Diversification
BSMA
Total weight of top 15 holdings out of 15
17.47%
VTEI
Total weight of top 15 holdings out of 15
2.49%
Top 15 holdings
Data as of September 30, 2026
BSMA
City of New York, 4% 1nov2021, USD (2005)
1.45%
Mountain View Capital Improvements Financing Authority, 5% 1may2056, USD (2026)
1.37%
New York Metropolitan Transportation Authority, 4% 15nov2036, USD (2016B)
1.26%
US650010DS70
1.25%
US79467BJS51
1.25%
US73358WJX39
1.25%
US64972JC224
1.15%
University of California, 5% 15may2036, USD (2025)
1.13%
US61371DBT00
1.08%
State of Washington, 5% 1feb2043, USD (2026C)
1.06%
Arizona Transportation Board, 5% 1jul2045, USD (2026)
1.06%
Black Belt Energy Gas District, 5% 1nov2036, USD (2026)
1.05%
City of Manchester (NH), 5.25% 1jul2056, USD (2026)
1.04%
US70914PF491
1.04%
New York Thruway Authority, 5% 15sep2045, USD (2026A)
1.04%
VTEI
US13063EUS35
0.37%
US13063EUP95
0.34%
Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-2)
0.16%
Dallas Independent School District, 5% 15feb2056, USD (2026B)
0.16%
Ohio State University, 5% 1jun2035, USD (2026)
0.15%
California, 5% 1mar2035, USD
0.14%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.14%
Bay Area Toll Authority, 5% 1apr2061, USD (2026)
0.14%
Aquarion Water Authority, 5.25% 1feb2031, USD (2026)
0.14%
California, 5% 1oct2035, USD
0.14%
US646067KD94
0.13%
US13063EUV63
0.13%
California, 5% 1oct2030, USD
0.13%
US574193YD40
0.12%
California, 5% 1oct2028, USD
0.12%
Frequently asked questions about BSMA and VTEI
Which ETF is bigger: BSMA or VTEI?
As of November 2, 2026, BSMA holds $17.89 M in assets under management (AUM), while VTEI manages $2.27 B.
What sectors do the BSMA and VTEI ETFs invest in?
BSMA leans toward sectors like Municipal. Meanwhile, VTEI focuses on Municipal.
What are the top holdings of the BSMA ETF and VTEI ETF?
BSMA top holdings include City of New York, 4% 1nov2021, USD (2005), Mountain View Capital Improvements Financing Authority, 5% 1may2056, USD (2026) and New York Metropolitan Transportation Authority, 4% 15nov2036, USD (2016B). VTEI holds in its top three: US13063EUS35, US13063EUP95 and Connecticut Health and Educational Facilities Authority, 5% 1jul2064, USD (2025B-2).
Which ETF is more diversified: BSMA or VTEI?
BSMA holds 189 securities with 17.47% of its assets in the top 15. VTEI has 6267 securities and a top 15 weight of 2.49%.
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