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 -0.12% year-to-date (YTD) with +$57M in YTD flows. BSMS performs worse with -0.13% YTD performance, and +$75M 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 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMR BSMS | +0.02%+0.25% | -0.00%+0.02% | -0.12%-0.13% | +1.14%+1.42% | +8.01%+8.32% | -0.03%-1.43% |
| Flows | BSMR BSMS | +$12M+$12M | +$16M+$21M | +$57M+$75M | +$90M+$110M | +$266M+$254M | +$341M+$310M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMR BSMS | +0.77%+0.97% | +0.80%+1.06% | +1.86%+2.28% | +2.35%+2.89% |
| Max drawdown | BSMR BSMS | -0.47%-0.80% | -1.02%-1.50% | -2.56%-2.98% | -12.17%-14.36% |
| Max drawdown duration | BSMR BSMS | 48d56d | 190d190d | 76d77d | 1555d1805d |
Trading data
BSMR | BSMS | |
Last sale 9/1/2026 at 1:30 PM | $23.58 | $23.30 |
| Previous close 08/31/2026 | $23.59 | $23.33 |
| Consolidated volume 08/31/2026 | ||
| 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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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 9/1/2026 at 1:30 PM
Live
Closed
BSMR | BSMS | |
|---|---|---|
| Last price | $23.58 | $23.30 |
| 1D performance | -0.04% | -0.13% |
| AuM | $357.77 M | $323.50 M |
| E/R | 0.18% | 0.18% |
Characteristics
BSMR | BSMS | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Invesco |
| Benchmark | Invesco BulletShares USD Municipal Bond 2027 Index | Invesco BulletShares USD Municipal Bond 2028 Index |
| N° of holdings | 1293 | 1156 |
| 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
64.54%
Other
35.46%
BSMS
USA
63.86%
Other
36.14%
Sectors
BSMR
Municipal
64.54%
Other
35.46%
BSMS
Municipal
63.86%
Other
36.14%
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Diversification
BSMR
Total weight of top 15 holdings out of 15
4.31%
BSMS
Total weight of top 15 holdings out of 15
4.76%
Top 15 holdings
Data as of July 31, 2026
BSMR
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.54%
Illinois, 5% 1nov2029, USD (2017C)
0.46%
New Jersey, 5% 1jun2027, USD
0.31%
New York Transitional Finance Authority, 5% 1feb2039, USD
0.30%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.30%
County of Clark (NV), 5% 1jun2030, USD
0.29%
Hudson Yards Infrastructure Corp., 5% 15feb2039, USD
0.29%
California Health Facilities Financing Authority, 5% 1nov2027, USD (2017A)
0.25%
Texas Water Development Board, 5% 15oct2047, USD (2017A)
0.24%
Houston Combined Utility System, 5% 15nov2042, USD (2017B)
0.24%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.23%
California, 5% 1dec2027, USD
0.23%
US64990CJK80
0.21%
Illinois, 5% 1nov2027, USD (2017D)
0.21%
US574218V676
0.21%
BSMS
Illinois, 5% 1nov2028, USD (2017D)
0.50%
Texas Water Development Board, 5% 15apr2049, USD (2018B)
0.49%
Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2025A)
0.49%
North Texas Tollway Authority, 5% 1jan2043, USD (2017A)
0.38%
Los Angeles Department of Water and Power, 5% 1jul2028, USD (2025)
0.35%
Los Angeles Unified School District, 5.25% 1jul2042, USD
0.30%
New Jersey, 5% 1jun2028, USD
0.30%
Triborough Bridge and Tunnel Authority, 5% 1mar2028, USD (2025A)
0.30%
Los Angeles Metropolitan Transportation Authority, 5% 1jul2044, USD (2019-A)
0.29%
Grand Parkway Transportation Corp., 5% 1oct2043, USD (2018A)
0.23%
Las Vegas Convention and Visitors Authority, 5% 1jul2043, USD
0.23%
New York Dormitory Authority, 5% 15mar2048, USD (2018)
0.22%
County of Clark (NV), 5% 1may2048, USD
0.22%
Illinois Toll Highway Authority, 5% 1jan2042, USD
0.22%
Pennsylvania, 3.75% 1mar2039, USD
0.22%
Frequently asked questions about BSMR and BSMS
How have the BSMR and BSMS ETFs performed in 2026?
As of August 31, 2026, BSMR is down -0.12% year-to-date (YTD), while BSMS has lost -0.13%. 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 +$57M in flows, compared to +$75M for BSMS.
Which ETF is more volatile: BSMR or BSMS?
Over the past year, BSMR had a volatility of 0.8%, while BSMS experienced 1.06%.
Which ETF is bigger: BSMR or BSMS?
As of August 31, 2026, BSMR holds $357.77 M in assets under management (AUM), while BSMS manages $323.50 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 Hudson Yards Infrastructure Corp., 5% 15feb2042, USD, Illinois, 5% 1nov2029, USD (2017C) and New Jersey, 5% 1jun2027, USD. BSMS holds in its top three: Illinois, 5% 1nov2028, USD (2017D), Texas Water Development Board, 5% 15apr2049, USD (2018B) and Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2025A).
Which ETF is more diversified: BSMR or BSMS?
BSMR holds 2495 securities with 4.31% of its assets in the top 15. BSMS has 2245 securities and a top 15 weight of 4.76%.
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