BSMRvsMUNYETF Comparison
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Invesco BulletShares 2027 Municipal Bond ETF (BSMR) and Vanguard New York Tax-Exempt Bond ETF (MUNY) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. BSMR is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.09% for MUNY. BSMR is down -0.25% year-to-date (YTD) with +$57M in YTD flows. MUNY performs worse with -0.44% YTD performance, and +$310M in YTD flows. Run a side-by-side ETF comparison of BSMR and MUNY 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 MUNY performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMR MUNY | -0.15%-0.85% | -0.20%-1.97% | -0.25%-0.44% | +0.96%+3.39% | +7.88%n/a | -0.11%n/a |
| Flows | BSMR MUNY | +$12M+$25M | +$16M+$95M | +$57M+$310M | +$90M+$407M | +$266M- | +$341M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMR MUNY | +0.79%+2.66% | +0.80%+2.56% | +1.86%n/a | +2.36%n/a |
| Max drawdown | BSMR MUNY | -0.51%-2.66% | -1.02%-2.66% | -2.56%n/a | -12.17%n/a |
| Max drawdown duration | BSMR MUNY | 51d59d | 193d59d | 72dn/a | 1555dn/a |
Trading data
BSMR | MUNY | |
Last sale 9/3/2026 at 7:59 PM | $23.57 | $100.46 |
| Previous close 09/03/2026 | $23.57 | $100.34 |
| Consolidated volume 09/03/2026 | ||
| 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 | MUNY | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 7:59 PM
Live
Closed
BSMR | MUNY | |
|---|---|---|
| Last price | $23.57 | $100.46 |
| 1D performance | +0.01% | +0.11% |
| AuM | $357.34 M | $491.86 M |
| E/R | 0.18% | 0.09% |
Characteristics
BSMR | MUNY | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Vanguard |
| Benchmark | Invesco BulletShares USD Municipal Bond 2027 Index | S&P NewYork AMT-Free Municipal USD10 Million Par Bond Index |
| N° of holdings | 1293 | 1815 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2019 | May 20, 2025 |
| ESG | No | No |
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Exposure
Countries
BSMR
USA
64.54%
Other
35.46%
MUNY
USA
61.35%
Other
38.65%
Sectors
BSMR
Municipal
64.54%
Other
35.46%
MUNY
Municipal
61.35%
Other
38.65%
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Diversification
BSMR
Total weight of top 15 holdings out of 15
4.31%
MUNY
Total weight of top 15 holdings out of 15
3.52%
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%
MUNY
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.33%
City of New York, 4% 1aug2018, USD (2012)
0.29%
Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A)
0.28%
MTA Hudson Rail Yards Trust, 5% 15nov2056, USD (2016A)
0.26%
Triborough Bridge and Tunnel Authority, 5.25% 15may2064, USD (2024A-1)
0.24%
City of New York, FRN 1dec2047, USD
0.23%
Battery Park City Authority, 5.25% 1nov2055, USD (2025)
0.22%
Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
0.22%
New York Transitional Finance Authority, 5% 1nov2034, USD (2026)
0.22%
US896032BB41
0.22%
US896035CD29
0.22%
US89602HEY99
0.21%
New York Municipal Water Finance Authority, FRN 15jun2049, USD
0.20%
US64989KLR58
0.19%
New York Municipal Water Finance Authority, FRN 15jun2044, USD
0.19%
Frequently asked questions about BSMR and MUNY
How have the BSMR and MUNY ETFs performed in 2026?
As of September 3, 2026, BSMR is down -0.25% year-to-date (YTD), while MUNY has lost -0.44%. That puts BSMR better performer ahead so far this year.
Which ETF is attracting more investor money: BSMR or MUNY?
Year-to-date, the BSMR ETF saw +$57M in flows, compared to +$310M for MUNY.
Which ETF is more volatile: BSMR or MUNY?
Over the past year, BSMR had a volatility of 0.8%, while MUNY experienced 2.56%.
Which ETF is bigger: BSMR or MUNY?
As of September 3, 2026, BSMR holds $357.34 M in assets under management (AUM), while MUNY manages $491.86 M.
What sectors do the BSMR and MUNY ETFs invest in?
BSMR leans toward sectors like Municipal. Meanwhile, MUNY focuses on Municipal.
What are the top holdings of the BSMR ETF and MUNY ETF?
BSMR top holdings include Hudson Yards Infrastructure Corp., 5% 15feb2042, USD, Illinois, 5% 1nov2029, USD (2017C) and New Jersey, 5% 1jun2027, USD. MUNY holds in its top three: New York Dormitory Authority, 5.5% 1jul2054, USD (2024A), City of New York, 4% 1aug2018, USD (2012) and Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A).
Which ETF is more diversified: BSMR or MUNY?
BSMR holds 2495 securities with 4.31% of its assets in the top 15. MUNY has 3577 securities and a top 15 weight of 3.52%.
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