BSMRvsHYDETF Comparison
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Invesco BulletShares 2027 Municipal Bond ETF (BSMR) and VanEck High Yield Muni ETF (HYD) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. BSMR is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.32% for HYD. BSMR is down -0.53% year-to-date (YTD) with +$68M in YTD flows. HYD performs worse with -1.57% YTD performance, and +$535M in YTD flows. Run a side-by-side ETF comparison of BSMR and HYD 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 HYD 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 HYD | +0.04%-0.86% | -0.74%-3.95% | -0.53%-1.57% | +0.03%-0.91% | +9.38%+13.01% | +0.37%-4.06% |
| Flows | BSMR HYD | +$9M+$368M | +$26M+$62M | +$68M+$535M | +$92M+$981M | +$276M+$1.81B | +$353M+$1.62B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMR HYD | +1.84%+5.81% | +1.14%+3.64% | +1.81%+4.51% | +2.37%+4.67% |
| Max drawdown | BSMR HYD | -1.83%-6.17% | -2.18%-6.77% | -2.18%-6.77% | -12.04%-19.44% |
| Max drawdown duration | BSMR HYD | 92d92d | 236d102d | 236d102d | 1440d1747d |
Trading data
BSMR | HYD | |
Last sale 10/16/2026 at 1:30 PM | $23.40 | $48.74 |
| Previous close 10/15/2026 | $23.33 | $48.82 |
| 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 | HYD | |
|---|---|---|
| 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 | HYD | |
|---|---|---|
| Last price | $23.40 | $48.74 |
| 1D performance | +0.30% | -0.16% |
| AuM | $367.21 M | $4.35 B |
| E/R | 0.18% | 0.32% |
Characteristics
BSMR | HYD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | VanEck |
| Benchmark | ICE BulletShares USD Municipal Bond 2027 Index | ICE Broad High Yield Crossover Municipal Index |
| N° of holdings | 1347 | 714 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2019 | February 4, 2009 |
| ESG | No | No |
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Exposure
Countries
BSMR
USA
63.19%
Other
36.81%
HYD
USA
60.08%
Other
39.92%
Sectors
BSMR
Municipal
63.19%
Other
36.81%
HYD
Municipal
60.08%
Other
39.92%
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Diversification
BSMR
Total weight of top 15 holdings out of 15
4.06%
HYD
Total weight of top 15 holdings out of 15
8.65%
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%
HYD
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.01%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.79%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.74%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
0.63%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.62%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.61%
Chicago Board of Education, 5.25% 1dec2039, USD (2015C)
0.55%
Florida Development Finance Corp., 5% 1jul2044, USD (2024)
0.52%
New York Transportation Development Corp., 5.25% 1jan2050, USD (2016A)
0.48%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
0.47%
US442349GA89
0.47%
Arkansas Development Finance Authority, 5.45% 1sep2052, USD (2022)
0.45%
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
0.44%
Iowa Finance Authority, 4.75% 1aug2042, USD (2012)
0.44%
California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A)
0.44%
Frequently asked questions about BSMR and HYD
How have the BSMR and HYD ETFs performed in 2026?
As of October 16, 2026, BSMR is down -0.53% year-to-date (YTD), while HYD has lost -1.57%. That puts BSMR better performer ahead so far this year.
Which ETF is attracting more investor money: BSMR or HYD?
Year-to-date, the BSMR ETF saw +$68M in flows, compared to +$535M for HYD.
Which ETF is more volatile: BSMR or HYD?
Over the past year, BSMR had a volatility of 1.14%, while HYD experienced 3.64%.
Which ETF is bigger: BSMR or HYD?
As of October 16, 2026, BSMR holds $367.21 M in assets under management (AUM), while HYD manages $4.35 B.
What sectors do the BSMR and HYD ETFs invest in?
BSMR leans toward sectors like Municipal. Meanwhile, HYD focuses on Municipal.
What are the top holdings of the BSMR ETF and HYD ETF?
BSMR top holdings include Illinois, 5% 1nov2029, USD (2017C), Illinois, 5% 1nov2027, USD (2017D) and Hudson Yards Infrastructure Corp., 5% 15feb2042, USD. HYD holds in its top three: Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D), Chicago Board of Education, 5% 1dec2042, USD (2012A) and Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B).
Which ETF is more diversified: BSMR or HYD?
BSMR holds 2631 securities with 4.06% of its assets in the top 15. HYD has 1443 securities and a top 15 weight of 8.65%.
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