BSMZvsFTMUETF Comparison
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Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) and Franklin Municipal Income ETF (FTMU) 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 0.3% for FTMU. BSMZ is down -3.02% year-to-date (YTD) with +$48M in YTD flows. FTMU performs worse with -4.46% YTD performance, and +$24M in YTD flows. Run a side-by-side ETF comparison of BSMZ 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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BSMZ 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. | BSMZ FTMU | -0.13%-1.11% | -4.35%-5.53% | -3.02%-4.46% | -2.21%n/a | n/an/a | n/an/a |
| Flows | BSMZ FTMU | +$5M+$26M | +$17M+$692K | +$48M+$24M | +$68M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMZ FTMU | +6.22%+6.31% | +3.99%n/a | n/an/a | n/an/a |
| Max drawdown | BSMZ FTMU | -7.24%-7.74% | -8.19%n/a | n/an/a | n/an/a |
| Max drawdown duration | BSMZ FTMU | 92d92d | 102dn/a | n/an/a | n/an/a |
Trading data
BSMZ | FTMU | |
Last sale 10/16/2026 at 1:30 PM | $24.01 | $7.43 |
| Previous close 10/16/2026 | $24.00 | $7.42 |
| Consolidated volume 10/16/2026 | ||
| 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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FTMU
is actively managed and doesn’t replicate an indexBSMZ | 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
BSMZ | FTMU | |
|---|---|---|
| Last price | $24.01 | $7.43 |
| 1D performance | +0.06% | +0.13% |
| AuM | $69.48 M | $472.87 M |
| E/R | 0.18% | 0.3% |
Characteristics
BSMZ | FTMU | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | Franklin Templeton |
| Benchmark | ICE BulletShares Municipal Bond 2035 Index | - |
| N° of holdings | 467 | 80 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 17, 2025 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
BSMZ
USA
38.82%
Other
61.18%
FTMU
USA
39.82%
Other
60.18%
Sectors
BSMZ
Municipal
38.82%
Other
61.18%
FTMU
Municipal
39.82%
Other
60.18%
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Diversification
BSMZ
Total weight of top 15 holdings out of 15
6.39%
FTMU
Total weight of top 15 holdings out of 15
19.19%
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%
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 BSMZ and FTMU
How have the BSMZ and FTMU ETFs performed in 2026?
As of October 16, 2026, BSMZ is down -3.02% year-to-date (YTD), while FTMU has lost -4.46%. That puts BSMZ better performer ahead so far this year.
Which ETF is attracting more investor money: BSMZ or FTMU?
Year-to-date, the BSMZ ETF saw +$48M in flows, compared to +$24M for FTMU.
Which ETF is bigger: BSMZ or FTMU?
As of October 16, 2026, BSMZ holds $69.48 M in assets under management (AUM), while FTMU manages $472.87 M.
What sectors do the BSMZ and FTMU ETFs invest in?
BSMZ leans toward sectors like Municipal. Meanwhile, FTMU focuses on Municipal.
What are the top holdings of the BSMZ ETF and FTMU 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). 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: BSMZ or FTMU?
BSMZ holds 1611 securities with 6.39% of its assets in the top 15. FTMU has 260 securities and a top 15 weight of 19.19%.
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