BSMSvsSCMBETF Comparison
VS
Invesco BulletShares 2028 Municipal Bond ETF (BSMS) and Schwab Municipal Bond ETF (SCMB) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. BSMS is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.03% for SCMB. BSMS is down -1.08% year-to-date (YTD) with +$98M in YTD flows. SCMB performs worse with -2.38% YTD performance, and +$1.09B in YTD flows. Run a side-by-side ETF comparison of BSMS and SCMB 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 SCMB 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 SCMB | -0.18%-0.28% | -1.29%-3.80% | -1.08%-2.38% | -0.49%-1.66% | +9.52%+9.63% | -1.26%n/a |
| Flows | BSMS SCMB | +$14M-$109M | +$37M-$176M | +$98M+$1.09B | +$117M+$1.40B | +$275M+$3.62B | +$330M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMS SCMB | +2.61%+5.43% | +1.58%+3.40% | +2.28%+3.88% | +2.93%n/a |
| Max drawdown | BSMS SCMB | -2.79%-6.32% | -3.43%-6.81% | -3.43%-6.81% | -14.28%n/a |
| Max drawdown duration | BSMS SCMB | 92d92d | 235d102d | 235d102d | 1747dn/a |
Trading data
BSMS | SCMB | |
Last sale 10/16/2026 at 3:47 PM | $23.08 | $24.45 |
| Previous close 10/15/2026 | $23.08 | $24.46 |
| 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 | SCMB | |
|---|---|---|
| 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 | SCMB | |
|---|---|---|
| Last price | $23.08 | $24.45 |
| 1D performance | -0.00% | -0.06% |
| AuM | $342.68 M | $3.63 B |
| E/R | 0.18% | 0.03% |
Characteristics
BSMS | SCMB | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Schwab ETFs |
| Benchmark | ICE BulletShares USD Municipal Bond 2028 Index | ICE AMT-Free Core U.S. National Municipal Index |
| N° of holdings | 1194 | 302 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2019 | October 12, 2022 |
| ESG | No | No |
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Exposure
Countries
BSMS
USA
63.9%
Other
36.1%
SCMB
USA
58.8%
Other
41.2%
Sectors
BSMS
Municipal
63.9%
Other
36.1%
SCMB
Municipal
58.8%
Other
41.2%
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Diversification
BSMS
Total weight of top 15 holdings out of 15
4.82%
SCMB
Total weight of top 15 holdings out of 15
8.86%
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%
SCMB
New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026)
1.11%
US59261A3T29
0.97%
University of California, 5% 15nov2041, USD (2026)
0.76%
Massachusetts, 5% 1nov2043, USD (2017)
0.70%
Pennsylvania, 4% 1mar2036, USD
0.56%
City of New York, FRN 1apr2042, USD
0.56%
University of California, 5% 15nov2035, USD (2026)
0.48%
US68607DXA89
0.47%
US544647HQ66
0.47%
US74265L3A45
0.47%
US592112XL58
0.47%
City of New York, 5% 1aug2032, USD (2022)
0.46%
City of New York, 5.4% 1aug2006, USD
0.46%
US709225GV28
0.46%
California, 5% 1sep2031, USD
0.46%
Frequently asked questions about BSMS and SCMB
How have the BSMS and SCMB ETFs performed in 2026?
As of October 15, 2026, BSMS is down -1.08% year-to-date (YTD), while SCMB has lost -2.38%. That puts BSMS better performer ahead so far this year.
Which ETF is attracting more investor money: BSMS or SCMB?
Year-to-date, the BSMS ETF saw +$98M in flows, compared to +$1.09B for SCMB.
Which ETF is more volatile: BSMS or SCMB?
Over the past year, BSMS had a volatility of 1.58%, while SCMB experienced 3.4%.
Which ETF is bigger: BSMS or SCMB?
As of October 15, 2026, BSMS holds $342.68 M in assets under management (AUM), while SCMB manages $3.63 B.
What sectors do the BSMS and SCMB ETFs invest in?
BSMS leans toward sectors like Municipal. Meanwhile, SCMB focuses on Municipal.
What are the top holdings of the BSMS ETF and SCMB 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). SCMB holds in its top three: New York Municipal Water Finance Authority, FRN 15jun2041, USD (2026), US59261A3T29 and University of California, 5% 15nov2041, USD (2026).
Which ETF is more diversified: BSMS or SCMB?
BSMS holds 2335 securities with 4.82% of its assets in the top 15. SCMB has 522 securities and a top 15 weight of 8.86%.
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