BSMWvsJHMUETF Comparison
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Invesco BulletShares 2032 Municipal Bond ETF (BSMW) and John Hancock Dynamic Municipal Bond ETF (JHMU) 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 1.01% for JHMU. BSMW is down -2.1% year-to-date (YTD) with +$89M in YTD flows. JHMU performs better with -1.62% YTD performance, and +$54M in YTD flows. Run a side-by-side ETF comparison of BSMW and JHMU 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 JHMU 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 JHMU | -0.09%-0.23% | -3.05%-3.06% | -2.10%-1.62% | -1.51%-0.96% | +10.84%n/a | n/an/a |
| Flows | BSMW JHMU | +$17M+$50M | +$27M+$51M | +$89M+$54M | +$112M+$63M | +$207M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMW JHMU | +4.97%+4.89% | +3.12%+3.11% | +4.15%n/a | n/an/a |
| Max drawdown | BSMW JHMU | -5.60%-5.48% | -6.62%-6.15% | -6.62%n/a | n/an/a |
| Max drawdown duration | BSMW JHMU | 92d92d | 229d102d | 229dn/a | n/an/a |
Trading data
BSMW | JHMU | |
Last sale 10/16/2026 at 1:30 PM | $24.03 | $25.10 |
| Previous close 10/15/2026 | $24.03 | $25.07 |
| 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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JHMU
is actively managed and doesn’t replicate an indexBSMW | JHMU | |
|---|---|---|
| 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 | JHMU | |
|---|---|---|
| Last price | $24.03 | $25.10 |
| 1D performance | +0.00% | +0.13% |
| AuM | $227.69 M | $93.43 M |
| E/R | 0.18% | 1.01% |
Characteristics
BSMW | JHMU | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | John Hancock Investments |
| Benchmark | ICE BulletShares USD Municipal Bond 2032 Index | - |
| N° of holdings | 629 | 46 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 1, 2023 | October 31, 2023 |
| ESG | No | No |
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Exposure
Countries
BSMW
USA
40.37%
Other
59.63%
JHMU
USA
39.44%
Other
60.56%
Sectors
BSMW
Municipal
40.37%
Other
59.63%
JHMU
Municipal
39.44%
Other
60.56%
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Diversification
BSMW
Total weight of top 15 holdings out of 15
5.14%
JHMU
Total weight of top 15 holdings out of 15
16.67%
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%
JHMU
US735389P517
1.73%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
1.71%
US34061UEX28
1.66%
Indiana Finance Authority, 3% 1nov2030, USD (2010A)
1.61%
US64579RDU86
0.92%
Connecticut Health and Educational Facilities Authority, 5% 1jul2036, USD
0.91%
Utility Debt Securitization Authority, 5% 15dec2041, USD (2025TE-2)
0.91%
US7436003H96
0.91%
US45130ABK07
0.90%
Maricopa Industrial Development Authority, 5% 1jan2038, USD (2026D)
0.90%
US57421CLQ59
0.90%
US79467BKC80
0.90%
US79467BKA25
0.90%
US091096PZ48
0.90%
US795576LT29
0.90%
Frequently asked questions about BSMW and JHMU
How have the BSMW and JHMU ETFs performed in 2026?
As of October 16, 2026, BSMW is down -2.1% year-to-date (YTD), while JHMU has lost -1.62%. That puts JHMU better performer ahead so far this year.
Which ETF is attracting more investor money: BSMW or JHMU?
Year-to-date, the BSMW ETF saw +$89M in flows, compared to +$54M for JHMU.
Which ETF is more volatile: BSMW or JHMU?
Over the past year, BSMW had a volatility of 3.12%, while JHMU experienced 3.11%.
Which ETF is bigger: BSMW or JHMU?
As of October 16, 2026, BSMW holds $227.69 M in assets under management (AUM), while JHMU manages $93.43 M.
What sectors do the BSMW and JHMU ETFs invest in?
BSMW leans toward sectors like Municipal. Meanwhile, JHMU focuses on Municipal.
What are the top holdings of the BSMW ETF and JHMU 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. JHMU holds in its top three: US735389P517, Black Belt Energy Gas District, 5% 1dec2034, USD (2026) and US34061UEX28.
Which ETF is more diversified: BSMW or JHMU?
BSMW holds 1912 securities with 5.14% of its assets in the top 15. JHMU has 116 securities and a top 15 weight of 16.67%.
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