BSMTvsBSMRETF Comparison
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Invesco BulletShares 2029 Municipal Bond ETF (BSMT) and Invesco BulletShares 2027 Municipal Bond ETF (BSMR) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. Both BSMT and BSMR have the same Total Expense Ratio (TER) of 0.18%. BSMT is down -2.12% year-to-date (YTD) with +$71M in YTD flows. BSMR performs better with -0.53% YTD performance, and +$68M in YTD flows. Run a side-by-side ETF comparison of BSMT and BSMR 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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BSMT vs BSMR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMT BSMR | -0.17%+0.04% | -1.99%-0.74% | -2.12%-0.53% | -1.57%+0.03% | +8.94%+9.38% | -3.78%+0.37% |
| Flows | BSMT BSMR | +$11M+$9M | +$25M+$26M | +$71M+$68M | +$90M+$92M | +$255M+$276M | +$292M+$353M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMT BSMR | +3.24%+1.84% | +2.00%+1.14% | +2.81%+1.81% | +3.44%+2.37% |
| Max drawdown | BSMT BSMR | -3.83%-1.83% | -5.02%-2.18% | -5.02%-2.18% | -16.14%-12.04% |
| Max drawdown duration | BSMT BSMR | 92d92d | 236d236d | 236d236d | 1747d1440d |
Trading data
BSMT | BSMR | |
Last sale 10/16/2026 at 1:30 PM | $22.54 | $23.40 |
| Previous close 10/15/2026 | $22.52 | $23.33 |
| 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 18, 2026
1-year trailing difference
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BSMT | BSMR | |
|---|---|---|
| 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
BSMT | BSMR | |
|---|---|---|
| Last price | $22.54 | $23.40 |
| 1D performance | +0.09% | +0.30% |
| AuM | $299.23 M | $367.21 M |
| E/R | 0.18% | 0.18% |
Characteristics
BSMT | BSMR | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Invesco |
| Benchmark | ICE BulletShares USD Municipal Bond 2029 Index | ICE BulletShares USD Municipal Bond 2027 Index |
| N° of holdings | 1088 | 1347 |
| 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
BSMT
USA
64%
Other
36%
BSMR
USA
63.19%
Other
36.81%
Sectors
BSMT
Municipal
64%
Other
36%
BSMR
Municipal
63.19%
Other
36.81%
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Diversification
BSMT
Total weight of top 15 holdings out of 15
5.27%
BSMR
Total weight of top 15 holdings out of 15
4.06%
Top 15 holdings
Data as of August 31, 2026
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%
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%
Frequently asked questions about BSMT and BSMR
How have the BSMT and BSMR ETFs performed in 2026?
As of October 16, 2026, BSMT is down -2.12% year-to-date (YTD), while BSMR has lost -0.53%. That puts BSMR better performer ahead so far this year.
Which ETF is attracting more investor money: BSMT or BSMR?
Year-to-date, the BSMT ETF saw +$71M in flows, compared to +$68M for BSMR.
Which ETF is more volatile: BSMT or BSMR?
Over the past year, BSMT had a volatility of 2%, while BSMR experienced 1.14%.
Which ETF is bigger: BSMT or BSMR?
As of October 16, 2026, BSMT holds $299.23 M in assets under management (AUM), while BSMR manages $367.21 M.
What sectors do the BSMT and BSMR ETFs invest in?
BSMT leans toward sectors like Municipal. Meanwhile, BSMR focuses on Municipal.
What are the top holdings of the BSMT ETF and BSMR ETF?
BSMT top holdings include Triborough Bridge and Tunnel Authority, 5% 1feb2029, USD (2026A2), US89602HJB42 and New Jersey, 5% 1jun2029, USD. BSMR holds in its top three: Illinois, 5% 1nov2029, USD (2017C), Illinois, 5% 1nov2027, USD (2017D) and Hudson Yards Infrastructure Corp., 5% 15feb2042, USD.
Which ETF is more diversified: BSMT or BSMR?
BSMT holds 1992 securities with 5.27% of its assets in the top 15. BSMR has 2631 securities and a top 15 weight of 4.06%.
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