BSMQvsVTEIETF Comparison
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Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) 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. BSMQ is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.08% for VTEI. BSMQ is up 1.38% year-to-date (YTD) with -$33M in YTD flows. VTEI performs worse with -0.54% YTD performance, and +$481M in YTD flows. Run a side-by-side ETF comparison of BSMQ 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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BSMQ vs VTEI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMQ VTEI | +0.16%-0.56% | +0.51%-1.53% | +1.38%-0.54% | +2.38%+2.75% | +9.45%n/a | +1.76%n/a |
| Flows | BSMQ VTEI | -$2M+$62M | -$26M+$162M | -$33M+$481M | -$21M+$735M | +$153M- | +$247M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMQ VTEI | +0.29%+2.29% | +0.38%+2.13% | +1.29%n/a | +2.02%n/a |
| Max drawdown | BSMQ VTEI | -0.09%-2.11% | -0.27%-2.55% | -1.80%n/a | -11.44%n/a |
| Max drawdown duration | BSMQ VTEI | 7d57d | 25d184d | 70dn/a | 1538dn/a |
Trading data
BSMQ | VTEI | |
Last sale 9/1/2026 at 1:30 PM | $23.50 | $98.19 |
| Previous close 09/01/2026 | $23.52 | $98.81 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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BSMQ | 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 9/1/2026 at 1:30 PM
Live
Closed
BSMQ | VTEI | |
|---|---|---|
| Last price | $23.50 | $98.19 |
| 1D performance | -0.08% | -0.63% |
| AuM | $268.36 M | $1.58 B |
| E/R | 0.18% | 0.08% |
Characteristics
BSMQ | VTEI | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Vanguard |
| Benchmark | Invesco BulletShares USD Municipal Bond 2026 Index | S&P Intermediate Term National AMT-Free Municipal Bond Index |
| N° of holdings | 799 | 2991 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2019 | January 30, 2024 |
| ESG | No | No |
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Exposure
Countries
BSMQ
USA
55.76%
Other
44.24%
VTEI
USA
56.56%
Other
43.44%
Sectors
BSMQ
Municipal
55.76%
Other
44.24%
VTEI
Municipal
56.56%
Other
43.44%
Diversification
BSMQ
Total weight of top 15 holdings out of 15
8.97%
VTEI
Total weight of top 15 holdings out of 15
1.97%
Top 15 holdings
Data as of July 31, 2026
BSMQ
US451295ZZ58
1.34%
US64972GDC50
0.99%
City of New York, 5% 1aug2026, USD (2017)
0.79%
US160853UL92
0.72%
Maryland Department of Transportation, 5% 1oct2026, USD (2019)
0.59%
Charlotte-Mecklenburg Hospital Authority, FRN 15jan2048, USD (2018H)
0.50%
US13068XAE94
0.50%
US604115CT06
0.49%
US64971WR854
0.48%
US095175VQ53
0.47%
Illinois Toll Highway Authority, 5% 1jan2040, USD
0.44%
US167560SV44
0.43%
US59261AX695
0.43%
US917393CY40
0.41%
US160853MR54
0.41%
VTEI
California, 5% 1oct2035, USD
0.16%
Bay Area Toll Authority, 5% 1apr2061, USD (2026)
0.16%
California Public Works Board, 5% 1apr2035, USD
0.14%
University of California, 5% 15may2036, USD (2025)
0.14%
US697379YS89
0.14%
Idaho, 4% 30jun2027, USD (2026)
0.13%
US442403RT05
0.13%
New York Transitional Finance Authority, 5% 1nov2030, USD (2026)
0.13%
San Francisco Public Utilities Commission, 1% 1oct2026, USD (2021)
0.13%
New York Dormitory Authority, 5% 15mar2033, USD (2026A)
0.13%
New York Dormitory Authority, 5% 15mar2035, USD (2026A)
0.13%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.12%
US67766WV741
0.12%
US677523LK63
0.11%
US419792MM53
0.11%
Frequently asked questions about BSMQ and VTEI
How have the BSMQ and VTEI ETFs performed in 2026?
As of September 1, 2026, BSMQ is up 1.38% year-to-date (YTD), while VTEI has lost -0.54%. That puts BSMQ better performer ahead so far this year.
Which ETF is attracting more investor money: BSMQ or VTEI?
Year-to-date, the BSMQ ETF saw -$33M in flows, compared to +$481M for VTEI.
Which ETF is more volatile: BSMQ or VTEI?
Over the past year, BSMQ had a volatility of 0.38%, while VTEI experienced 2.13%.
Which ETF is bigger: BSMQ or VTEI?
As of September 1, 2026, BSMQ holds $268.36 M in assets under management (AUM), while VTEI manages $1.58 B.
What sectors do the BSMQ and VTEI ETFs invest in?
BSMQ leans toward sectors like Municipal. Meanwhile, VTEI focuses on Municipal.
What are the top holdings of the BSMQ ETF and VTEI ETF?
BSMQ top holdings include US451295ZZ58, US64972GDC50 and City of New York, 5% 1aug2026, USD (2017). VTEI holds in its top three: California, 5% 1oct2035, USD, Bay Area Toll Authority, 5% 1apr2061, USD (2026) and California Public Works Board, 5% 1apr2035, USD.
Which ETF is more diversified: BSMQ or VTEI?
BSMQ holds 1576 securities with 8.97% of its assets in the top 15. VTEI has 6057 securities and a top 15 weight of 1.97%.
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