BSMZvsCATFETF Comparison
VS
Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) and American Century California Municipal Bond ETF (CATF) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. BSMZ is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.25% for CATF. BSMZ is down -3.02% year-to-date (YTD) with +$48M in YTD flows. CATF performs better with -1.79% YTD performance, and +$87M in YTD flows. Run a side-by-side ETF comparison of BSMZ and CATF 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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BSMZ vs CATF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMZ CATF | -0.13%-0.31% | -4.35%-3.60% | -3.02%-1.79% | -2.21%-0.82% | n/an/a | n/an/a |
| Flows | BSMZ CATF | +$5M+$57M | +$17M+$64M | +$48M+$87M | +$68M+$92M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMZ CATF | +6.22%+5.09% | +3.99%+3.23% | n/an/a | n/an/a |
| Max drawdown | BSMZ CATF | -7.24%-5.87% | -8.19%-6.34% | n/an/a | n/an/a |
| Max drawdown duration | BSMZ CATF | 92d92d | 102d101d | n/an/a | n/an/a |
Trading data
BSMZ | CATF | |
Last sale 10/16/2026 at 1:30 PM | $24.01 | $47.98 |
| Previous close 10/15/2026 | $24.00 | $47.99 |
| 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 19, 2026
1-year trailing difference
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CATF
is actively managed and doesn’t replicate an indexBSMZ | CATF | |
|---|---|---|
| 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
BSMZ | CATF | |
|---|---|---|
| Last price | $24.01 | $47.98 |
| 1D performance | +0.06% | -0.02% |
| AuM | $69.48 M | $143.48 M |
| E/R | 0.18% | 0.25% |
Characteristics
BSMZ | CATF | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | American Century Investments |
| Benchmark | ICE BulletShares Municipal Bond 2035 Index | - |
| N° of holdings | 467 | 109 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 17, 2025 | July 18, 2024 |
| ESG | No | No |
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Exposure
Countries
BSMZ
USA
38.82%
Other
61.18%
CATF
USA
39.08%
Other
60.92%
Sectors
BSMZ
Municipal
38.82%
Other
61.18%
CATF
Municipal
39.08%
Other
60.92%
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Diversification
BSMZ
Total weight of top 15 holdings out of 15
6.39%
CATF
Total weight of top 15 holdings out of 15
12.15%
Top 15 holdings
Data as of August 31, 2026
BSMZ
New York Liberty Development Corp., 5.25% 1oct2035, USD (2005)
0.71%
New York Thruway Authority, 5% 15mar2055, USD (2025B)
0.47%
Massachusetts School Building Authority, 5% 15feb2055, USD (2025)
0.46%
Chicago O'Hare International Airport, 5.25% 1jan2061, USD (2026A)
0.45%
City of New York, 5.25% 1feb2050, USD (2025)
0.44%
US60637AYQ92
0.43%
US662903J879
0.42%
US67766WV741
0.41%
California Infrastructure and Economic Development Bank, 5.25% 15may2059, USD (2025)
0.41%
California, 5% 1mar2055, USD
0.39%
Omaha Public Facilities Corp., 5% 15apr2050, USD (2025C)
0.39%
New York Transitional Finance Authority, 5.5% 1may2050, USD (2026)
0.36%
Texas Water Development Board, 5% 15oct2042, USD (2025)
0.35%
US64972GL510
0.35%
US64990AWY71
0.35%
CATF
California, 3.5% 1dec2030, USD
1.43%
Riverside Transportation Commission, 4% 1jun2046, USD
0.91%
US684133KT71
0.87%
California, 4% 1sep2043, USD
0.86%
US13032UN611
0.84%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.82%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.82%
California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C)
0.76%
US13048VV394
0.73%
US13032UX453
0.72%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.71%
Desert Community College District, 5% 1aug2051, USD (2016)
0.69%
US544647JV34
0.67%
US13032U6J26
0.67%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024D)
0.67%
Frequently asked questions about BSMZ and CATF
How have the BSMZ and CATF ETFs performed in 2026?
As of October 16, 2026, BSMZ is down -3.02% year-to-date (YTD), while CATF has lost -1.79%. That puts CATF better performer ahead so far this year.
Which ETF is attracting more investor money: BSMZ or CATF?
Year-to-date, the BSMZ ETF saw +$48M in flows, compared to +$87M for CATF.
Which ETF is more volatile: BSMZ or CATF?
Over the past year, BSMZ had a volatility of 3.99%, while CATF experienced 3.23%.
Which ETF is bigger: BSMZ or CATF?
As of October 16, 2026, BSMZ holds $69.48 M in assets under management (AUM), while CATF manages $143.48 M.
What sectors do the BSMZ and CATF ETFs invest in?
BSMZ leans toward sectors like Municipal. Meanwhile, CATF focuses on Municipal.
What are the top holdings of the BSMZ ETF and CATF ETF?
BSMZ top holdings include New York Liberty Development Corp., 5.25% 1oct2035, USD (2005), New York Thruway Authority, 5% 15mar2055, USD (2025B) and Massachusetts School Building Authority, 5% 15feb2055, USD (2025). CATF holds in its top three: California, 3.5% 1dec2030, USD, Riverside Transportation Commission, 4% 1jun2046, USD and US684133KT71.
Which ETF is more diversified: BSMZ or CATF?
BSMZ holds 1611 securities with 6.39% of its assets in the top 15. CATF has 312 securities and a top 15 weight of 12.15%.
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