BSMWvsBMOPETF Comparison
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Invesco BulletShares 2032 Municipal Bond ETF (BSMW) and BNY Mellon Municipal Opportunities ETF (BMOP) belong to the same industry segment: Municipal Bonds. BSMW's top 1 sector exposures are Municipal. In contrast, BMOP's top sector exposures are Municipal, Sovereign and Industrials. BSMW is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.54% for BMOP. Run a side-by-side ETF comparison of BSMW and BMOP 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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BSMW vs BMOP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMW BMOP | -0.09%-0.77% | -3.05%-3.98% | -2.10%n/a | -1.51%n/a | +10.84%n/a | n/an/a |
| Flows | BSMW BMOP | +$17M-$134M | +$27M-$123M | +$89M- | +$112M- | +$207M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMW BMOP | +4.97%+5.18% | +3.12%n/a | +4.15%n/a | n/an/a |
| Max drawdown | BSMW BMOP | -5.60%-5.91% | -6.62%n/a | -6.62%n/a | n/an/a |
| Max drawdown duration | BSMW BMOP | 92d92d | 229dn/a | 229dn/a | n/an/a |
Trading data
BSMW | BMOP | |
Last sale 10/16/2026 at 1:30 PM | $24.03 | $23.73 |
| Previous close 10/15/2026 | $24.03 | $23.70 |
| 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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BMOP
is actively managed and doesn’t replicate an indexBSMW | BMOP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
BSMW | BMOP | |
|---|---|---|
| Last price | $24.03 | $23.73 |
| 1D performance | +0.00% | +0.13% |
| AuM | $227.69 M | $1.56 B |
| E/R | 0.18% | 0.54% |
Characteristics
BSMW | BMOP | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | BNY Mellon |
| Benchmark | ICE BulletShares USD Municipal Bond 2032 Index | - |
| N° of holdings | 629 | 237 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 1, 2023 | January 9, 2026 |
| ESG | No | No |
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Exposure
Countries
BSMW
USA
40.37%
Other
59.63%
BMOP
USA
42.2%
Other
57.8%
Sectors
BSMW
Municipal
40.37%
Other
59.63%
BMOP
Municipal
41.69%
Other
58.31%
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Diversification
BSMW
Total weight of top 15 holdings out of 15
5.14%
BMOP
Total weight of top 15 holdings out of 15
9.9%
Top 15 holdings
Data as of August 31, 2026
BSMW
University of California Medical Center, 5% 15may2047, USD (2022)
0.51%
New York Municipal Water Finance Authority, 5.25% 15jun2052, USD (2023)
0.49%
US46246SAU96
0.42%
University of California, 5% 15may2032, USD (2022)
0.41%
University of California, 5% 15may2052, USD (2022)
0.38%
New York Dormitory Authority, 5% 1may2052, USD (2022A)
0.35%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.31%
New Jersey, 4% 1jun2032, USD
0.30%
Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2051, USD (2022D)
0.29%
US13063DT817
0.29%
US89602HEY99
0.28%
US01728VWU06
0.28%
New York Transitional Finance Authority, 5% 1feb2047, USD
0.28%
New York Municipal Water Finance Authority, 5% 15jun2047, USD
0.28%
Triborough Bridge and Tunnel Authority, 5.25% 15may2052, USD (2022C)
0.28%
BMOP
US45884AF813
0.89%
California Community Choice Financing Authority, 5% 1nov2033, USD (2025F)
0.79%
US052398FE91
0.75%
US745160SG73
0.74%
US575579U623
0.67%
US57421CNT70
0.62%
University of Texas, 5% 1jul2041, USD (2023A)
0.62%
US544532LU62
0.62%
State of Washington, 5% 1aug2040, USD (2024A)
0.61%
Black Belt Energy Gas District, 5% 1may2055, USD (2024)
0.60%
US56035DHT28
0.60%
Tennergy Corp., 5% 1oct2054, USD (2024)
0.60%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.60%
US09182TLC98
0.60%
US896035DL36
0.59%
Frequently asked questions about BSMW and BMOP
Which ETF is bigger: BSMW or BMOP?
As of October 16, 2026, BSMW holds $227.69 M in assets under management (AUM), while BMOP manages $1.56 B.
What sectors do the BSMW and BMOP ETFs invest in?
BSMW leans toward sectors like Municipal. Meanwhile, BMOP focuses on Municipal.
What are the top holdings of the BSMW ETF and BMOP ETF?
BSMW top holdings include University of California Medical Center, 5% 15may2047, USD (2022), New York Municipal Water Finance Authority, 5.25% 15jun2052, USD (2023) and US46246SAU96. BMOP holds in its top three: US45884AF813, California Community Choice Financing Authority, 5% 1nov2033, USD (2025F) and US052398FE91.
Which ETF is more diversified: BSMW or BMOP?
BSMW holds 1912 securities with 5.14% of its assets in the top 15. BMOP has 667 securities and a top 15 weight of 9.9%.
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