BSMWvsFTMUETF Comparison
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Invesco BulletShares 2032 Municipal Bond ETF (BSMW) and Franklin Municipal Income ETF (FTMU) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. BSMW is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.3% for FTMU. BSMW is down -2.1% year-to-date (YTD) with +$89M in YTD flows. FTMU performs worse with -4.46% YTD performance, and +$24M in YTD flows. Run a side-by-side ETF comparison of BSMW and FTMU 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 FTMU 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 FTMU | -0.09%-1.11% | -3.05%-5.53% | -2.10%-4.46% | -1.51%n/a | +10.84%n/a | n/an/a |
| Flows | BSMW FTMU | +$17M+$26M | +$27M+$692K | +$89M+$24M | +$112M- | +$207M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMW FTMU | +4.97%+6.31% | +3.12%n/a | +4.15%n/a | n/an/a |
| Max drawdown | BSMW FTMU | -5.60%-7.74% | -6.62%n/a | -6.62%n/a | n/an/a |
| Max drawdown duration | BSMW FTMU | 92d92d | 229dn/a | 229dn/a | n/an/a |
Trading data
BSMW | FTMU | |
Last sale 10/16/2026 at 1:30 PM | $24.03 | $7.43 |
| Previous close 10/15/2026 | $24.03 | $7.42 |
| 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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FTMU
is actively managed and doesn’t replicate an indexBSMW | FTMU | |
|---|---|---|
| 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
BSMW | FTMU | |
|---|---|---|
| Last price | $24.03 | $7.43 |
| 1D performance | +0.00% | +0.13% |
| AuM | $227.69 M | $472.87 M |
| E/R | 0.18% | 0.3% |
Characteristics
BSMW | FTMU | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | Franklin Templeton |
| Benchmark | ICE BulletShares USD Municipal Bond 2032 Index | - |
| N° of holdings | 629 | 80 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 1, 2023 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
BSMW
USA
40.37%
Other
59.63%
FTMU
USA
39.82%
Other
60.18%
Sectors
BSMW
Municipal
40.37%
Other
59.63%
FTMU
Municipal
39.82%
Other
60.18%
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Diversification
BSMW
Total weight of top 15 holdings out of 15
5.14%
FTMU
Total weight of top 15 holdings out of 15
19.19%
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%
FTMU
New York Urban Development Corp., 5% 15mar2044, USD (2023A)
2.35%
US969878AB36
1.49%
Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D)
1.41%
Port of Houston Authority, 5% 1oct2048, USD (2023)
1.32%
Triborough Bridge and Tunnel Authority, 5.25% 15may2057, USD (2022A)
1.29%
US31350ACS50
1.25%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
1.17%
South Carolina Jobs-Economic Development Authority, 5.5% 1nov2054, USD (2024A)
1.16%
US25476FA408
1.15%
New York Thruway Authority, 5% 15mar2054, USD (2022C)
1.15%
US97712D8M13
1.12%
US709224DV89
1.12%
US240471PF32
1.11%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.10%
US6446147E39
1.01%
Frequently asked questions about BSMW and FTMU
How have the BSMW and FTMU ETFs performed in 2026?
As of October 16, 2026, BSMW is down -2.1% year-to-date (YTD), while FTMU has lost -4.46%. That puts BSMW better performer ahead so far this year.
Which ETF is attracting more investor money: BSMW or FTMU?
Year-to-date, the BSMW ETF saw +$89M in flows, compared to +$24M for FTMU.
Which ETF is bigger: BSMW or FTMU?
As of October 16, 2026, BSMW holds $227.69 M in assets under management (AUM), while FTMU manages $472.87 M.
What sectors do the BSMW and FTMU ETFs invest in?
BSMW leans toward sectors like Municipal. Meanwhile, FTMU focuses on Municipal.
What are the top holdings of the BSMW ETF and FTMU 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. FTMU holds in its top three: New York Urban Development Corp., 5% 15mar2044, USD (2023A), US969878AB36 and Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D).
Which ETF is more diversified: BSMW or FTMU?
BSMW holds 1912 securities with 5.14% of its assets in the top 15. FTMU has 260 securities and a top 15 weight of 19.19%.
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