BSMVvsVTESETF Comparison
VS
Invesco BulletShares 2031 Municipal Bond ETF (BSMV) and Vanguard Short-Term Tax-Exempt Bond ETF (VTES) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. BSMV is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.05% for VTES. BSMV is down -2.01% year-to-date (YTD) with +$52M in YTD flows. VTES performs better with 0.05% YTD performance, and +$2.52B in YTD flows. Run a side-by-side ETF comparison of BSMV and VTES 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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BSMV vs VTES performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMV VTES | -0.04%+0.15% | -2.42%-0.72% | -2.01%+0.05% | -1.47%+0.53% | +10.53%+9.70% | -5.74%n/a |
| Flows | BSMV VTES | +$12M+$1.06B | +$22M+$1.95B | +$52M+$2.52B | +$81M+$2.69B | +$179M+$3.87B | +$207M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMV VTES | +4.61%+2.60% | +2.82%+1.59% | +3.76%+1.59% | +4.61%n/a |
| Max drawdown | BSMV VTES | -5.01%-2.66% | -6.31%-2.95% | -6.31%-2.95% | -20.33%n/a |
| Max drawdown duration | BSMV VTES | 64d64d | 229d232d | 229d232d | 1753dn/a |
Trading data
BSMV | VTES | |
Last sale 10/16/2026 at 1:30 PM | $20.22 | $99.59 |
| Previous close 10/15/2026 | $20.20 | $99.50 |
| 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 September 30, 2026
1-year trailing difference
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BSMV | VTES | |
|---|---|---|
| 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
BSMV | VTES | |
|---|---|---|
| Last price | $20.22 | $99.59 |
| 1D performance | +0.10% | +0.09% |
| AuM | $204.17 M | $4.08 B |
| E/R | 0.18% | 0.05% |
Characteristics
BSMV | VTES | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Vanguard |
| Benchmark | ICE BulletShares USD Municipal Bond 2031 Index | S&P 0-7 Year National AMT-Free Municipal Bond Index |
| N° of holdings | 671 | 1671 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 15, 2021 | March 9, 2023 |
| ESG | No | No |
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Exposure
Countries
BSMV
USA
53.32%
Other
46.68%
VTES
USA
52.32%
Other
47.68%
Sectors
BSMV
Municipal
53.32%
Other
46.68%
VTES
Municipal
52.32%
Other
47.68%
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Diversification
BSMV
Total weight of top 15 holdings out of 15
5.44%
VTES
Total weight of top 15 holdings out of 15
5.61%
Top 15 holdings
Data as of August 31, 2026
BSMV
Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A)
0.65%
New Jersey, 4% 1jun2031, USD
0.60%
Illinois Toll Highway Authority, 5% 1jan2045, USD
0.60%
University of California, 5% 15may2046, USD
0.33%
US13032UE388
0.32%
California, 4% 1oct2041, USD
0.32%
California, 5% 1sep2041, USD
0.31%
New York Dormitory Authority, 5% 15aug2002, USD
0.30%
Massachusetts, 5% 1sep2031, USD (2021)
0.30%
US13063DM705
0.29%
US45884AC273
0.29%
Triborough Bridge and Tunnel Authority, 5% 15nov2051, USD (2021A)
0.29%
US646140JN47
0.29%
Maryland, 5% 1mar2034, USD
0.28%
New York Dormitory Authority, 5% 1oct2037, USD (2023A)
0.26%
VTES
US13063EUN48
0.91%
US13063EUM64
0.86%
US13063EUP95
0.78%
US13063EUU80
0.42%
North Colonie Central School District, 3.75% 25jun2027, USD (2026)
0.40%
US13063EUQ78
0.38%
US13063EUS35
0.30%
Illinois, 5% 1nov2028, USD (2017D)
0.22%
US64972JQM35
0.21%
US13063ENN21
0.19%
Illinois, 5% 1nov2027, USD (2017D)
0.19%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.19%
New Jersey, 5% 1jun2029, USD
0.19%
Pennsylvania Public School Building Authority, 5% 1jun2033, USD (2016A)
0.18%
New Jersey Economic Development Authority, 5% 15jun2042, USD
0.18%
Frequently asked questions about BSMV and VTES
How have the BSMV and VTES ETFs performed in 2026?
As of October 16, 2026, BSMV is down -2.01% year-to-date (YTD), while VTES has returned 0.05%. That puts VTES better performer ahead so far this year.
Which ETF is attracting more investor money: BSMV or VTES?
Year-to-date, the BSMV ETF saw +$52M in flows, compared to +$2.52B for VTES.
Which ETF is more volatile: BSMV or VTES?
Over the past year, BSMV had a volatility of 2.82%, while VTES experienced 1.59%.
Which ETF is bigger: BSMV or VTES?
As of October 16, 2026, BSMV holds $204.17 M in assets under management (AUM), while VTES manages $4.08 B.
What sectors do the BSMV and VTES ETFs invest in?
BSMV leans toward sectors like Municipal. Meanwhile, VTES focuses on Municipal.
What are the top holdings of the BSMV ETF and VTES ETF?
BSMV top holdings include Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A), New Jersey, 4% 1jun2031, USD and Illinois Toll Highway Authority, 5% 1jan2045, USD. VTES holds in its top three: US13063EUN48, US13063EUM64 and US13063EUP95.
Which ETF is more diversified: BSMV or VTES?
BSMV holds 1534 securities with 5.44% of its assets in the top 15. VTES has 3442 securities and a top 15 weight of 5.61%.
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Latest news about BSMV & VTES
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