BSMQvsVTEBETF Comparison
VS
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) and Vanguard Tax-Exempt Bond Index ETF (VTEB) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 3 sector exposures: and Municipal. BSMQ is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.03% for VTEB. BSMQ is up 0.69% year-to-date (YTD) with -$22K in YTD flows. VTEB performs worse with 0.27% YTD performance, and -$94M in YTD flows. Run a side-by-side ETF comparison of BSMQ and VTEB 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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BSMQ vs VTEB performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 04/07/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMQ VTEB | +0.07%-0.71% | +0.57%-0.24% | +0.69%+0.27% | +3.16%+5.29% | +7.42%+7.93% | +2.52%+4.51% |
| Flows | BSMQ VTEB | +$2M+$1.24B | -$22K-$207M | -$22K-$94M | +$31M+$5.68B | +$195M+$15.81B | +$282M+$31.57B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMQ VTEB | +0.36%+2.75% | +1.23%+3.84% | +1.43%+3.74% | +2.04%+3.60% |
| Max drawdown | BSMQ VTEB | -0.14%-2.65% | -1.02%-2.69% | -3.11%-5.88% | -11.78%-12.68% |
| Max drawdown duration | BSMQ VTEB | 15d37d | 23d23d | 231d231d | 1609d1231d |
Trading data
BSMQ | VTEB | |
Last sale 4/8/2026 at 1:30 PM | $23.64 | $50.13 |
| Previous close 04/07/2026 | $23.63 | $50.01 |
| Consolidated volume 04/07/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of March 31, 2026
1-year trailing difference
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BSMQ | VTEB | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 4/8/2026 at 1:30 PM
Live
Closed
BSMQ | VTEB | |
|---|---|---|
| Last price | $23.64 | $50.13 |
| 1D performance | +0.02% | +0.24% |
| AuM | $302.08 M | $42.21 B |
| E/R | 0.18% | 0.03% |
Characteristics
BSMQ | VTEB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Vanguard |
| Benchmark | Invesco BulletShares USD Municipal Bond 2026 Index | S&P National AMT-Free Municipal Bond Index |
| N° of holdings | 1043 | 3771 |
| Asset class | Fixed Income | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2019 | August 21, 2015 |
| ESG | No | No |
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Exposure
Countries
BSMQ
USA
100%
Other
-0%
VTEB
USA
99.37%
Other
0.63%
Sectors
BSMQ
Municipal
58.65%
Other
41.35%
VTEB
Municipal
36.79%
Other
63.21%
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Diversification
BSMQ
Total weight of top 15 holdings out of 15
6.48%
VTEB
Total weight of top 15 holdings out of 15
1.45%
Top 15 holdings
Data as of February 28, 2026
BSMQ
California, 5% 1oct2026, USD
0.71%
City of New York, 5% 1aug2026, USD (2017)
0.70%
Maryland Department of Transportation, 5% 1oct2026, USD (2019)
0.54%
US13068XAE94
0.44%
US604115CT06
0.44%
US64971WR854
0.42%
Illinois Toll Highway Authority, 5% 1jan2040, USD
0.39%
US167560SV44
0.38%
New York Metropolitan Transportation Authority, 5% 15nov2036, USD (2016B-1)
0.36%
Columbus (OH), 5% 1jun2032, USD (2015)
0.36%
US646067HA92
0.35%
US91412HTC78
0.35%
Pennsylvania, 5% 15may2026, USD
0.35%
US54466HDU77
0.35%
San Diego Public Facilities Financing Authority, 5% 1aug2028, USD (2016B)
0.31%
VTEB
US89602HJC25
0.12%
California, 5.25% 1aug2032, USD
0.11%
US836895FT49
0.11%
US19672MDH88
0.11%
US46640K3M42
0.11%
US91412HWH29
0.10%
US64972JJQ22
0.09%
US235308Y233
0.09%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.09%
US64972JJU34
0.09%
US677632T926
0.09%
US64972JZB78
0.08%
US79574CGL19
0.08%
Illinois, 5% 1nov2029, USD (2017C)
0.08%
US74448XCP50
0.08%
Frequently asked questions about BSMQ and VTEB
How have the BSMQ and VTEB ETFs performed in 2026?
As of April 7, 2026, BSMQ is up 0.69% year-to-date (YTD), while VTEB has returned 0.27%. That puts BSMQ better performer ahead so far this year.
Which ETF is attracting more investor money: BSMQ or VTEB?
Year-to-date, the BSMQ ETF saw -$22K in flows, compared to -$94M for VTEB.
Which ETF is more volatile: BSMQ or VTEB?
Over the past year, BSMQ had a volatility of 1.23%, while VTEB experienced 3.84%.
Which ETF is bigger: BSMQ or VTEB?
As of April 7, 2026, BSMQ holds $302.08 M in assets under management (AUM), while VTEB manages $42.21 B.
What sectors do the BSMQ and VTEB ETFs invest in?
BSMQ leans toward sectors like Municipal. Meanwhile, VTEB focuses on Municipal.
What are the top holdings of the BSMQ ETF and VTEB ETF?
BSMQ top holdings include California, 5% 1oct2026, USD, City of New York, 5% 1aug2026, USD (2017) and Maryland Department of Transportation, 5% 1oct2026, USD (2019). VTEB holds in its top three: US89602HJC25, California, 5.25% 1aug2032, USD and US836895FT49.
Which ETF is more diversified: BSMQ or VTEB?
BSMQ holds 2167 securities with 6.48% of its assets in the top 15. VTEB has 9769 securities and a top 15 weight of 1.45%.
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Latest news about BSMQ & VTEB
A Look at Vanguard's New Short-Term Tax-Exempt Bond ETF
April 21, 2023
VTEB
Vanguard plans to launch a new short-term municipal bond ETF in 2023
December 23, 2022
VTEB
Investing in Municipal Bond ETFs
October 24, 2022
VTEB
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