BSSXvsSMBSETF Comparison
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Invesco BulletShares 2033 Municipal Bond ETF (BSSX) belongs to the Municipal Bonds segment. Schwab Mortgage-Backed Securities ETF (SMBS) is part of the MBS & ABS segment. BSSX's top 1 sector exposures are Municipal. In contrast, SMBS's top sector exposures are Industrials, Finance and Government Agencies. BSSX is more expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.03% for SMBS. BSSX is down -2.47% year-to-date (YTD) with +$43M in YTD flows. SMBS performs better with -1.53% YTD performance, and +$770M in YTD flows. Run a side-by-side ETF comparison of BSSX and SMBS 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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BSSX vs SMBS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSSX SMBS | -0.05%-0.22% | -3.39%-2.21% | -2.47%-1.53% | -1.85%-1.08% | +11.30%n/a | n/an/a |
| Flows | BSSX SMBS | +$12M-$72M | +$22M+$35M | +$43M+$770M | +$61M+$1.08B | +$148M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSSX SMBS | +5.34%+5.52% | +3.41%+4.35% | +4.50%n/a | n/an/a |
| Max drawdown | BSSX SMBS | -6.07%-4.24% | -7.19%-5.12% | -7.19%n/a | n/an/a |
| Max drawdown duration | BSSX SMBS | 92d52d | 229d229d | 229dn/a | n/an/a |
Trading data
BSSX | SMBS | |
Last sale 10/19/2026 at 1:30 PM | $24.51 | $24.19 |
| Previous close 10/16/2026 | $24.58 | $24.29 |
| 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 September 30, 2026
1-year trailing difference
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BSSX | SMBS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
BSSX | SMBS | |
|---|---|---|
| Last price | $24.51 | $24.19 |
| 1D performance | -0.28% | -0.41% |
| AuM | $149.47 M | $6.29 B |
| E/R | 0.18% | 0.03% |
Characteristics
BSSX | SMBS | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Schwab ETFs |
| Benchmark | ICE BulletShares USD Municipal Bond 2033 Index | Bloomberg U.S. MBS Float Adjusted Index |
| N° of holdings | 473 | 430 |
| Asset class | Fixed Income | Bonds |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 20, 2023 | November 19, 2024 |
| ESG | No | No |
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Exposure
Countries
BSSX
USA
35.24%
Other
64.76%
SMBS
USA
33.79%
Other
66.21%
Sectors
BSSX
Municipal
35.24%
Other
64.76%
SMBS
Industrials
33.23%
Other
66.77%
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Diversification
BSSX
Total weight of top 15 holdings out of 15
5.6%
SMBS
Total weight of top 15 holdings out of 15
5.8%
Top 15 holdings
Data as of August 31, 2026
BSSX
California, 5.25% 1sep2053, USD
0.51%
County of Jefferson (AL), 5.25% 1oct2045, USD (2024)
0.45%
New York Dormitory Authority, 2% 1jul2033, USD
0.42%
Harris Cultural Education Facilities Finance Corp., 5% 1dec2033, USD (2026A)
0.40%
US64613CEG96
0.39%
US709225HB54
0.38%
Connecticut Health and Educational Facilities Authority, 5% 1jul2033, USD
0.38%
US64972JCD81
0.37%
US64613CEH79
0.35%
US472682ZN67
0.34%
US646140ES88
0.34%
US13063CC328
0.32%
US452153HU62
0.32%
California, 5% 1oct2042, USD
0.32%
US64972GE671
0.32%
SMBS
G2 MB0025, 5% 20nov2054, USD (ABS)
0.67%
US31427R6E50
0.59%
FR SD8469, 5.5% 1oct2054, USD (ABS)
0.48%
FR SD8193, 2% 1feb2052, USD (ABS)
0.40%
US31418DYX47
0.40%
FR SD8106, 2% 1nov2050, USD (ABS)
0.36%
US3618N6HU47
0.35%
FR RQ0110, 5% 1apr2056, USD (ABS)
0.34%
FR RQ0102, 5% 1mar2056, USD (ABS)
0.34%
US3132DWDC47
0.33%
FR SD7552, 2.5% 1jan2052, USD (ABS)
0.31%
US31418EQ948
0.31%
US3142J6BK85
0.30%
US3132DWAN39
0.30%
US3618N6NA19
0.30%
Frequently asked questions about BSSX and SMBS
How have the BSSX and SMBS ETFs performed in 2026?
As of October 16, 2026, BSSX is down -2.47% year-to-date (YTD), while SMBS has lost -1.53%. That puts SMBS better performer ahead so far this year.
Which ETF is attracting more investor money: BSSX or SMBS?
Year-to-date, the BSSX ETF saw +$43M in flows, compared to +$770M for SMBS.
Which ETF is more volatile: BSSX or SMBS?
Over the past year, BSSX had a volatility of 3.41%, while SMBS experienced 4.35%.
Which ETF is bigger: BSSX or SMBS?
As of October 16, 2026, BSSX holds $149.47 M in assets under management (AUM), while SMBS manages $6.29 B.
What sectors do the BSSX and SMBS ETFs invest in?
BSSX leans toward sectors like Municipal. Meanwhile, SMBS focuses on Industrials.
What are the top holdings of the BSSX ETF and SMBS ETF?
BSSX top holdings include California, 5.25% 1sep2053, USD, County of Jefferson (AL), 5.25% 1oct2045, USD (2024) and New York Dormitory Authority, 2% 1jul2033, USD. SMBS holds in its top three: G2 MB0025, 5% 20nov2054, USD (ABS), US31427R6E50 and FR SD8469, 5.5% 1oct2054, USD (ABS).
Which ETF is more diversified: BSSX or SMBS?
BSSX holds 1689 securities with 5.6% of its assets in the top 15. SMBS has 1965 securities and a top 15 weight of 5.8%.
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