BSMSvsBSMTETF Comparison
VS
Invesco BulletShares 2028 Municipal Bond ETF (BSMS) and Invesco BulletShares 2029 Municipal Bond ETF (BSMT) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. Both BSMS and BSMT have the same Total Expense Ratio (TER) of 0.18%. BSMS is down -1.08% year-to-date (YTD) with +$98M in YTD flows. BSMT performs worse with -2.58% YTD performance, and +$69M in YTD flows. Run a side-by-side ETF comparison of BSMS and BSMT 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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BSMS vs BSMT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMS BSMT | -0.18%-0.87% | -1.29%-2.56% | -1.08%-2.58% | -0.49%-1.90% | +9.52%+8.43% | -1.26%-4.24% |
| Flows | BSMS BSMT | +$14M+$9M | +$37M+$25M | +$98M+$69M | +$117M+$87M | +$275M+$253M | +$330M+$289M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMS BSMT | +2.61%+3.08% | +1.58%+1.95% | +2.28%+2.80% | +2.93%+3.44% |
| Max drawdown | BSMS BSMT | -2.79%-3.94% | -3.43%-5.02% | -3.43%-5.02% | -14.28%-16.14% |
| Max drawdown duration | BSMS BSMT | 92d92d | 235d234d | 235d234d | 1747d1745d |
Trading data
BSMS | BSMT | |
Last sale 10/16/2026 at 3:47 PM | $23.08 | $22.54 |
| Previous close 10/15/2026 | $23.08 | $22.52 |
| 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 16, 2026
1-year trailing difference
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BSMS | BSMT | |
|---|---|---|
| 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 3:47 PM
Live
Closed
BSMS | BSMT | |
|---|---|---|
| Last price | $23.08 | $22.54 |
| 1D performance | -0.00% | +0.09% |
| AuM | $342.68 M | $295.58 M |
| E/R | 0.18% | 0.18% |
Characteristics
BSMS | BSMT | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Invesco |
| Benchmark | ICE BulletShares USD Municipal Bond 2028 Index | ICE BulletShares USD Municipal Bond 2029 Index |
| N° of holdings | 1194 | 1088 |
| 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
BSMS
USA
63.9%
Other
36.1%
BSMT
USA
64%
Other
36%
Sectors
BSMS
Municipal
63.9%
Other
36.1%
BSMT
Municipal
64%
Other
36%
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Diversification
BSMS
Total weight of top 15 holdings out of 15
4.82%
BSMT
Total weight of top 15 holdings out of 15
5.27%
Top 15 holdings
Data as of August 31, 2026
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%
BSMT
Triborough Bridge and Tunnel Authority, 5% 1feb2029, USD (2026A2)
0.51%
US89602HJB42
0.51%
New Jersey, 5% 1jun2029, USD
0.49%
US43233KAG94
0.40%
Harris Cultural Education Facilities Finance Corp., 5% 1dec2029, USD (2026A)
0.39%
US19648FXR09
0.36%
Ohio Water Development Authority, 5% 1jun2029, USD (2019A)
0.31%
US544647HL79
0.31%
US13034A5B23
0.31%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.30%
New Jersey Turnpike Authority, 5% 1jan2048, USD
0.30%
Lancaster Hospital Authority, 5% 1nov2051, USD (2021)
0.28%
Pennsylvania Turnpike Commission, 5% 1dec2044, USD
0.28%
US91412HTF00
0.27%
Massachusetts School Building Authority, 5% 15feb2044, USD
0.26%
Frequently asked questions about BSMS and BSMT
How have the BSMS and BSMT ETFs performed in 2026?
As of October 15, 2026, BSMS is down -1.08% year-to-date (YTD), while BSMT has lost -2.58%. That puts BSMS better performer ahead so far this year.
Which ETF is attracting more investor money: BSMS or BSMT?
Year-to-date, the BSMS ETF saw +$98M in flows, compared to +$69M for BSMT.
Which ETF is more volatile: BSMS or BSMT?
Over the past year, BSMS had a volatility of 1.58%, while BSMT experienced 1.95%.
Which ETF is bigger: BSMS or BSMT?
As of October 15, 2026, BSMS holds $342.68 M in assets under management (AUM), while BSMT manages $295.58 M.
What sectors do the BSMS and BSMT ETFs invest in?
BSMS leans toward sectors like Municipal. Meanwhile, BSMT focuses on Municipal.
What are the top holdings of the BSMS ETF and BSMT ETF?
BSMS top holdings include Illinois, 5% 1nov2028, USD (2017D), Triborough Bridge and Tunnel Authority, 5% 1feb2028, USD (2025A) and Texas Water Development Board, 5% 15apr2049, USD (2018B). BSMT holds in its top three: Triborough Bridge and Tunnel Authority, 5% 1feb2029, USD (2026A2), US89602HJB42 and New Jersey, 5% 1jun2029, USD.
Which ETF is more diversified: BSMS or BSMT?
BSMS holds 2335 securities with 4.82% of its assets in the top 15. BSMT has 1992 securities and a top 15 weight of 5.27%.
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