BSMRvsBSMSETF Comparison
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Invesco BulletShares 2027 Municipal Bond ETF (BSMR) and Invesco BulletShares 2028 Municipal Bond ETF (BSMS) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. Both BSMR and BSMS have the same Total Expense Ratio (TER) of 0.18%. BSMR is down -0.53% year-to-date (YTD) with +$68M in YTD flows. BSMS performs worse with -1.1% YTD performance, and +$98M in YTD flows. Run a side-by-side ETF comparison of BSMR and BSMS 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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BSMR vs BSMS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMR BSMS | +0.04%-0.16% | -0.74%-1.24% | -0.53%-1.10% | +0.03%-0.57% | +9.38%+9.50% | +0.37%-1.27% |
| Flows | BSMR BSMS | +$9M+$14M | +$26M+$37M | +$68M+$98M | +$92M+$117M | +$276M+$275M | +$353M+$330M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMR BSMS | +1.84%+2.60% | +1.14%+1.58% | +1.81%+2.28% | +2.37%+2.93% |
| Max drawdown | BSMR BSMS | -1.83%-2.72% | -2.18%-3.43% | -2.18%-3.43% | -12.04%-14.28% |
| Max drawdown duration | BSMR BSMS | 92d92d | 236d236d | 236d236d | 1440d1748d |
Trading data
BSMR | BSMS | |
Last sale 10/16/2026 at 1:30 PM | $23.40 | $23.05 |
| Previous close 10/15/2026 | $23.33 | $23.08 |
| 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 19, 2026
1-year trailing difference
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BSMR | BSMS | |
|---|---|---|
| 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
BSMR | BSMS | |
|---|---|---|
| Last price | $23.40 | $23.05 |
| 1D performance | +0.30% | -0.11% |
| AuM | $367.21 M | $342.62 M |
| E/R | 0.18% | 0.18% |
Characteristics
BSMR | BSMS | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Invesco |
| Benchmark | ICE BulletShares USD Municipal Bond 2027 Index | ICE BulletShares USD Municipal Bond 2028 Index |
| N° of holdings | 1347 | 1194 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2019 | September 13, 2019 |
| ESG | No | No |
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Exposure
Countries
BSMR
USA
63.19%
Other
36.81%
BSMS
USA
63.9%
Other
36.1%
Sectors
BSMR
Municipal
63.19%
Other
36.81%
BSMS
Municipal
63.9%
Other
36.1%
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Diversification
BSMR
Total weight of top 15 holdings out of 15
4.06%
BSMS
Total weight of top 15 holdings out of 15
4.82%
Top 15 holdings
Data as of August 31, 2026
BSMR
Illinois, 5% 1nov2029, USD (2017C)
0.48%
Illinois, 5% 1nov2027, USD (2017D)
0.46%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.34%
California Health Facilities Financing Authority, 5% 1nov2027, USD (2017A)
0.33%
New Jersey, 5% 1jun2027, USD
0.30%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.29%
Texas Water Development Board, 5% 15oct2047, USD (2017A)
0.24%
Houston Combined Utility System, 5% 15nov2042, USD (2017B)
0.23%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.22%
US64990CJK80
0.20%
US574218V676
0.20%
US494619ER60
0.20%
Pennsylvania Turnpike Commission, 5% 1dec2040, USD (2017)
0.19%
Geisinger Authority Health System, 5% 15feb2045, USD (2017A-1)
0.19%
Oklahoma Turnpike Authority, 4% 1jan2042, USD (2017C)
0.19%
BSMS
Illinois, 5% 1nov2028, USD (2017D)
0.49%
Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2025A)
0.48%
Texas Water Development Board, 5% 15apr2049, USD (2018B)
0.48%
North Texas Tollway Authority, 5% 1jan2043, USD (2017A)
0.39%
New Jersey, 5% 1jun2028, USD
0.38%
Los Angeles Department of Water and Power, 5% 1jul2028, USD (2025)
0.34%
Triborough Bridge and Tunnel Authority, 5% 1mar2028, USD (2025A)
0.30%
Los Angeles Unified School District, 5.25% 1jul2042, USD
0.29%
Los Angeles Metropolitan Transportation Authority, 5% 1jul2044, USD (2019-A)
0.28%
County of Clark (NV), 5% 1may2048, USD
0.25%
Grand Parkway Transportation Corp., 5% 1oct2048, USD (2018A)
0.24%
New Jersey Economic Development Authority, 5% 1mar2028, USD (2023)
0.23%
Grand Parkway Transportation Corp., 5% 1oct2043, USD (2018A)
0.23%
Las Vegas Convention and Visitors Authority, 5% 1jul2043, USD
0.22%
New York Dormitory Authority, 5% 15mar2048, USD (2018)
0.22%
Frequently asked questions about BSMR and BSMS
How have the BSMR and BSMS ETFs performed in 2026?
As of October 16, 2026, BSMR is down -0.53% year-to-date (YTD), while BSMS has lost -1.1%. That puts BSMR better performer ahead so far this year.
Which ETF is attracting more investor money: BSMR or BSMS?
Year-to-date, the BSMR ETF saw +$68M in flows, compared to +$98M for BSMS.
Which ETF is more volatile: BSMR or BSMS?
Over the past year, BSMR had a volatility of 1.14%, while BSMS experienced 1.58%.
Which ETF is bigger: BSMR or BSMS?
As of October 16, 2026, BSMR holds $367.21 M in assets under management (AUM), while BSMS manages $342.62 M.
What sectors do the BSMR and BSMS ETFs invest in?
BSMR leans toward sectors like Municipal. Meanwhile, BSMS focuses on Municipal.
What are the top holdings of the BSMR ETF and BSMS ETF?
BSMR top holdings include Illinois, 5% 1nov2029, USD (2017C), Illinois, 5% 1nov2027, USD (2017D) and Hudson Yards Infrastructure Corp., 5% 15feb2042, USD. BSMS holds in its top three: Illinois, 5% 1nov2028, USD (2017D), Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2025A) and Texas Water Development Board, 5% 15apr2049, USD (2018B).
Which ETF is more diversified: BSMR or BSMS?
BSMR holds 2631 securities with 4.06% of its assets in the top 15. BSMS has 2335 securities and a top 15 weight of 4.82%.
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