BSMSvsHYDETF Comparison
VS
Invesco BulletShares 2028 Municipal Bond ETF (BSMS) 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. BSMS is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.32% for HYD. BSMS is down -1.08% year-to-date (YTD) with +$98M in YTD flows. HYD performs worse with -1.6% YTD performance, and +$511M in YTD flows. Run a side-by-side ETF comparison of BSMS 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.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
BSMS vs HYD 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 HYD | -0.18%-0.99% | -1.29%-4.16% | -1.08%-1.60% | -0.49%-0.80% | +9.52%+12.98% | -1.26%-4.09% |
| Flows | BSMS HYD | +$14M+$344M | +$37M+$38M | +$98M+$511M | +$117M+$957M | +$275M+$1.79B | +$330M+$1.56B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMS HYD | +2.61%+5.81% | +1.58%+3.65% | +2.28%+4.51% | +2.93%+4.67% |
| Max drawdown | BSMS HYD | -2.79%-6.34% | -3.43%-6.77% | -3.43%-6.77% | -14.28%-19.44% |
| Max drawdown duration | BSMS HYD | 92d92d | 235d101d | 235d101d | 1747d1746d |
Trading data
BSMS | HYD | |
Last sale 10/16/2026 at 3:47 PM | $23.08 | $48.70 |
| Previous close 10/15/2026 | $23.08 | $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 16, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
BSMS | HYD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 10/16/2026 at 3:47 PM
Live
Closed
BSMS | HYD | |
|---|---|---|
| Last price | $23.08 | $48.70 |
| 1D performance | -0.00% | -0.26% |
| AuM | $342.68 M | $4.32 B |
| E/R | 0.18% | 0.32% |
Characteristics
BSMS | HYD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | VanEck |
| Benchmark | ICE BulletShares USD Municipal Bond 2028 Index | ICE Broad High Yield Crossover Municipal Index |
| N° of holdings | 1194 | 714 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2019 | February 4, 2009 |
| ESG | No | No |
Advertisement
Exposure
Countries
BSMS
USA
63.9%
Other
36.1%
HYD
USA
60.08%
Other
39.92%
Sectors
BSMS
Municipal
63.9%
Other
36.1%
HYD
Municipal
60.08%
Other
39.92%
Advertisement
Diversification
BSMS
Total weight of top 15 holdings out of 15
4.82%
HYD
Total weight of top 15 holdings out of 15
8.65%
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%
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 BSMS and HYD
How have the BSMS and HYD ETFs performed in 2026?
As of October 15, 2026, BSMS is down -1.08% year-to-date (YTD), while HYD has lost -1.6%. That puts BSMS better performer ahead so far this year.
Which ETF is attracting more investor money: BSMS or HYD?
Year-to-date, the BSMS ETF saw +$98M in flows, compared to +$511M for HYD.
Which ETF is more volatile: BSMS or HYD?
Over the past year, BSMS had a volatility of 1.58%, while HYD experienced 3.65%.
Which ETF is bigger: BSMS or HYD?
As of October 15, 2026, BSMS holds $342.68 M in assets under management (AUM), while HYD manages $4.32 B.
What sectors do the BSMS and HYD ETFs invest in?
BSMS leans toward sectors like Municipal. Meanwhile, HYD focuses on Municipal.
What are the top holdings of the BSMS ETF and HYD 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). 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: BSMS or HYD?
BSMS holds 2335 securities with 4.82% of its assets in the top 15. HYD has 1443 securities and a top 15 weight of 8.65%.
Advertisement
Latest news about BSMS & HYD
How Investors can Maximize Tax Efficiency with Income ETFs
July 22, 2026
HYD
Which Types of Bond ETFs Are the Most Tax Efficient?
September 2, 2025
HYD
Advertisement
Advertisement
