BSMUvsHYDETF Comparison
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Invesco BulletShares 2030 Municipal Bond ETF (BSMU) 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. BSMU is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.32% for HYD. BSMU is up 0.24% year-to-date (YTD) with +$61M in YTD flows. HYD performs better with 1.42% YTD performance, and +$374M in YTD flows. Run a side-by-side ETF comparison of BSMU 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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BSMU vs HYD performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMU HYD | +0.21%-0.08% | -0.41%-0.55% | +0.24%+1.42% | +2.69%+6.03% | +9.44%+12.51% | -3.91%-2.76% |
| Flows | BSMU HYD | +$9M-$76M | +$28M+$116M | +$61M+$374M | +$110M+$1.01B | +$234M+$1.63B | +$280M+$1.13B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMU HYD | +1.59%+2.64% | +1.67%+2.72% | +3.31%+4.38% | +4.10%+4.51% |
| Max drawdown | BSMU HYD | -1.26%-1.74% | -2.15%-2.84% | -4.33%-6.23% | -18.36%-19.72% |
| Max drawdown duration | BSMU HYD | 56d56d | 183d106d | 261d225d | 1701d1826d |
Trading data
BSMU | HYD | |
Last sale 9/1/2026 at 1:46 PM | $21.62 | $49.63 |
| Previous close 08/31/2026 | $21.64 | $49.98 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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BSMU | 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 9/1/2026 at 1:46 PM
Live
Closed
BSMU | HYD | |
|---|---|---|
| Last price | $21.62 | $49.63 |
| 1D performance | -0.12% | -0.70% |
| AuM | $283.04 M | $4.34 B |
| E/R | 0.18% | 0.32% |
Characteristics
BSMU | HYD | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | VanEck |
| Benchmark | Invesco BulletShares Municipal Bond 2030 Index | ICE Broad High Yield Crossover Municipal Index |
| N° of holdings | 851 | 716 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 16, 2020 | February 4, 2009 |
| ESG | No | No |
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Exposure
Countries
BSMU
USA
61.65%
Other
38.35%
HYD
USA
60.29%
Other
39.71%
Sectors
BSMU
Municipal
61.65%
Other
38.35%
HYD
Municipal
60.29%
Other
39.71%
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Diversification
BSMU
Total weight of top 15 holdings out of 15
6.19%
HYD
Total weight of top 15 holdings out of 15
8.67%
Top 15 holdings
Data as of July 31, 2026
BSMU
Los Angeles Unified School District, 4% 1jul2044, USD
0.63%
New York Metropolitan Transportation Authority, 4.75% 15nov2045, USD (2020C)
0.59%
New York Metropolitan Transportation Authority, 5.25% 15nov2055, USD (2020C)
0.56%
California, 4% 1mar2036, USD
0.53%
Triborough Bridge and Tunnel Authority, 5% 15nov2049, USD (2020A)
0.43%
California, 5% 1mar2035, USD
0.40%
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0.40%
New York Metropolitan Transportation Authority, 5% 15nov2050, USD (2020C)
0.39%
New York Urban Development Corp., 5% 15mar2047, USD (2020C)
0.38%
US89602HFT95
0.35%
California, 5% 1nov2030, USD
0.33%
City of New York, 5% 1aug2030, USD
0.31%
US91412HWB58
0.31%
New Jersey Transportation Trust Fund Authority, 5% 15jun2045, USD
0.30%
Miracosta Community College District, 4% 1aug2045, USD
0.30%
HYD
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.00%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.81%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.74%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
0.70%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
0.63%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.57%
Chicago Board of Education, 5.25% 1dec2039, USD (2015C)
0.55%
Florida Development Finance Corp., 5% 1jul2044, USD (2024)
0.50%
New York Transportation Development Corp., 5.25% 1jan2050, USD (2016A)
0.48%
Puerto Rico Sales Tax Financing Corp., 5% 1jul2058, USD
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%
US442349GA89
0.44%
Frequently asked questions about BSMU and HYD
How have the BSMU and HYD ETFs performed in 2026?
As of August 31, 2026, BSMU is up 0.24% year-to-date (YTD), while HYD has returned 1.42%. That puts HYD better performer ahead so far this year.
Which ETF is attracting more investor money: BSMU or HYD?
Year-to-date, the BSMU ETF saw +$61M in flows, compared to +$374M for HYD.
Which ETF is more volatile: BSMU or HYD?
Over the past year, BSMU had a volatility of 1.67%, while HYD experienced 2.72%.
Which ETF is bigger: BSMU or HYD?
As of August 31, 2026, BSMU holds $283.04 M in assets under management (AUM), while HYD manages $4.34 B.
What sectors do the BSMU and HYD ETFs invest in?
BSMU leans toward sectors like Municipal. Meanwhile, HYD focuses on Municipal.
What are the top holdings of the BSMU ETF and HYD ETF?
BSMU top holdings include Los Angeles Unified School District, 4% 1jul2044, USD, New York Metropolitan Transportation Authority, 4.75% 15nov2045, USD (2020C) and New York Metropolitan Transportation Authority, 5.25% 15nov2055, USD (2020C). 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: BSMU or HYD?
BSMU holds 1752 securities with 6.19% of its assets in the top 15. HYD has 1439 securities and a top 15 weight of 8.67%.
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