BSMTvsHYDETF Comparison
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Invesco BulletShares 2029 Municipal Bond ETF (BSMT) 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. BSMT is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.32% for HYD. BSMT is down -2.12% year-to-date (YTD) with +$71M in YTD flows. HYD performs better with -1.57% YTD performance, and +$535M in YTD flows. Run a side-by-side ETF comparison of BSMT 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.
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BSMT vs HYD 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 HYD | -0.17%-0.86% | -1.99%-3.95% | -2.12%-1.57% | -1.57%-0.91% | +8.94%+13.01% | -3.78%-4.06% |
| Flows | BSMT HYD | +$11M+$368M | +$25M+$62M | +$71M+$535M | +$90M+$981M | +$255M+$1.81B | +$292M+$1.62B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMT HYD | +3.24%+5.81% | +2.00%+3.64% | +2.81%+4.51% | +3.44%+4.67% |
| Max drawdown | BSMT HYD | -3.83%-6.17% | -5.02%-6.77% | -5.02%-6.77% | -16.14%-19.44% |
| Max drawdown duration | BSMT HYD | 92d92d | 236d102d | 236d102d | 1747d1747d |
Trading data
BSMT | HYD | |
Last sale 10/16/2026 at 1:30 PM | $22.54 | $48.74 |
| Previous close 10/15/2026 | $22.52 | $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 18, 2026
1-year trailing difference
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BSMT | HYD | |
|---|---|---|
| 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 | HYD | |
|---|---|---|
| Last price | $22.54 | $48.74 |
| 1D performance | +0.09% | -0.16% |
| AuM | $299.23 M | $4.35 B |
| E/R | 0.18% | 0.32% |
Characteristics
BSMT | HYD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | VanEck |
| Benchmark | ICE BulletShares USD Municipal Bond 2029 Index | ICE Broad High Yield Crossover Municipal Index |
| N° of holdings | 1088 | 714 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2019 | February 4, 2009 |
| ESG | No | No |
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Exposure
Countries
BSMT
USA
64%
Other
36%
HYD
USA
60.08%
Other
39.92%
Sectors
BSMT
Municipal
64%
Other
36%
HYD
Municipal
60.08%
Other
39.92%
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Diversification
BSMT
Total weight of top 15 holdings out of 15
5.27%
HYD
Total weight of top 15 holdings out of 15
8.65%
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%
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 BSMT and HYD
How have the BSMT and HYD ETFs performed in 2026?
As of October 16, 2026, BSMT is down -2.12% year-to-date (YTD), while HYD has lost -1.57%. That puts HYD better performer ahead so far this year.
Which ETF is attracting more investor money: BSMT or HYD?
Year-to-date, the BSMT ETF saw +$71M in flows, compared to +$535M for HYD.
Which ETF is more volatile: BSMT or HYD?
Over the past year, BSMT had a volatility of 2%, while HYD experienced 3.64%.
Which ETF is bigger: BSMT or HYD?
As of October 16, 2026, BSMT holds $299.23 M in assets under management (AUM), while HYD manages $4.35 B.
What sectors do the BSMT and HYD ETFs invest in?
BSMT leans toward sectors like Municipal. Meanwhile, HYD focuses on Municipal.
What are the top holdings of the BSMT ETF and HYD ETF?
BSMT top holdings include Triborough Bridge and Tunnel Authority, 5% 1feb2029, USD (2026A2), US89602HJB42 and New Jersey, 5% 1jun2029, USD. 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: BSMT or HYD?
BSMT holds 1992 securities with 5.27% of its assets in the top 15. HYD has 1443 securities and a top 15 weight of 8.65%.
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