FCBDvsBSMVETF Comparison
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Frontier Asset Core Bond ETF (FCBD) belongs to the US Aggregate Bonds segment. Invesco BulletShares 2031 Municipal Bond ETF (BSMV) is part of the Municipal Bonds segment. FCBD's top 3 sector exposures are Sovereign, Finance and Utilities. In contrast, BSMV's top sector exposures are Municipal. FCBD is more expensive with a Total Expense Ratio (TER) of 0.84%, versus 0.18% for BSMV. FCBD is down -0.49% year-to-date (YTD) with -$3M in YTD flows. BSMV performs worse with -1.97% YTD performance, and +$44M in YTD flows. Run a side-by-side ETF comparison of FCBD and BSMV 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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FCBD vs BSMV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FCBD BSMV | -0.91%-2.14% | -1.10%-2.64% | -0.49%-1.97% | +0.37%-1.12% | n/a+8.00% | n/a-7.13% |
| Flows | FCBD BSMV | +$249K+$12M | +$1M+$14M | -$3M+$44M | -$3M+$82M | -+$173M | -+$204M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FCBD BSMV | +2.30%+2.58% | +2.23%+2.07% | n/a+3.75% | n/a+4.55% |
| Max drawdown | FCBD BSMV | -1.38%-2.90% | -1.72%-3.74% | n/a-5.17% | n/a-20.33% |
| Max drawdown duration | FCBD BSMV | 78d72d | 198d199d | n/a271d | n/a1723d |
Trading data
FCBD | BSMV | |
Last sale 9/17/2026 at 2:45 PM | $24.97 | $20.30 |
| Previous close 09/16/2026 | $24.97 | $20.32 |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FCBD
is actively managed and doesn’t replicate an indexFCBD | BSMV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/17/2026 at 2:45 PM
Live
Closed
FCBD | BSMV | |
|---|---|---|
| Last price | $24.97 | $20.30 |
| 1D performance | +0.00% | -0.07% |
| AuM | $40.20 M | $196.66 M |
| E/R | 0.84% | 0.18% |
Characteristics
FCBD | BSMV | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Frontier Asset Management | Invesco |
| Benchmark | - | Invesco BulletShares USD Municipal Bond 2031 Index |
| N° of holdings | 2659 | 650 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 19, 2024 | September 15, 2021 |
| ESG | No | No |
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Exposure
Countries
FCBD
USA
50.65%
Other
49.35%
BSMV
USA
53.44%
Other
46.56%
Sectors
FCBD
Sovereign
38.3%
Other
61.7%
BSMV
Municipal
53.44%
Other
46.56%
Diversification
FCBD
Total weight of top 15 holdings out of 15
39.08%
BSMV
Total weight of top 15 holdings out of 15
5.62%
Top 15 holdings
Data as of July 31, 2026
FCBD
US29287L7001
24.24%
USA, Notes FRN 30apr2028, USD (BB-2028)
2.83%
USA, Notes FRN 31oct2027, USD (BK-2027)
2.77%
USA, Notes FRN 31jan2028, USD (AX-2028)
2.77%
USA, Notes FRN 31jul2027, USD (BF-2027)
0.90%
USA, Notes 3.625% 31aug2029, USD (AC-2029)
0.81%
USA, Notes 4% 15nov2035, USD (F-2035)
0.66%
USA, Notes FRN 31jul2028, USD (BF-2028)
0.65%
USA, Notes 4.25% 15nov2034, USD (F-2034)
0.60%
USA, Notes 4.625% 15feb2035, USD (B-2035)
0.50%
USA, TIPS 0.125% 15apr2027, USD (X-2027)
0.48%
USA, Notes 4.375% 15may2034, USD (C-2034)
0.47%
USA, Notes 4.125% 30nov2029, USD (AG-2029)
0.47%
USA, Notes 3.875% 15aug2034, USD (E-2034)
0.46%
USA, Notes 4.375% 15may2036, USD (C-2036)
0.46%
BSMV
Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A)
0.67%
Illinois Toll Highway Authority, 5% 1jan2045, USD
0.62%
New Jersey, 4% 1jun2031, USD
0.62%
University of California, 5% 15may2046, USD
0.34%
US13032UE388
0.34%
California, 4% 1oct2041, USD
0.33%
California, 5% 1sep2041, USD
0.32%
New York Dormitory Authority, 5% 15aug2002, USD
0.31%
US45884AC273
0.31%
US13063DM705
0.30%
Massachusetts, 5% 1sep2031, USD (2021)
0.30%
Triborough Bridge and Tunnel Authority, 5% 15nov2051, USD (2021A)
0.30%
US646140JN47
0.30%
Maryland, 5% 1mar2034, USD
0.29%
New York Dormitory Authority, 5% 1oct2037, USD (2023A)
0.27%
Frequently asked questions about FCBD and BSMV
How have the FCBD and BSMV ETFs performed in 2026?
As of September 15, 2026, FCBD is down -0.49% year-to-date (YTD), while BSMV has lost -1.97%. That puts FCBD better performer ahead so far this year.
Which ETF is attracting more investor money: FCBD or BSMV?
Year-to-date, the FCBD ETF saw -$3M in flows, compared to +$44M for BSMV.
Which ETF is more volatile: FCBD or BSMV?
Over the past year, FCBD had a volatility of 2.23%, while BSMV experienced 2.07%.
Which ETF is bigger: FCBD or BSMV?
As of September 15, 2026, FCBD holds $40.20 M in assets under management (AUM), while BSMV manages $196.66 M.
What sectors do the FCBD and BSMV ETFs invest in?
FCBD leans toward sectors like Sovereign. Meanwhile, BSMV focuses on Municipal.
What are the top holdings of the FCBD ETF and BSMV ETF?
FCBD top holdings include US29287L7001, USA, Notes FRN 30apr2028, USD (BB-2028) and USA, Notes FRN 31oct2027, USD (BK-2027). BSMV holds in its top three: Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A), Illinois Toll Highway Authority, 5% 1jan2045, USD and New Jersey, 4% 1jun2031, USD.
Which ETF is more diversified: FCBD or BSMV?
FCBD holds 4369 securities with 39.08% of its assets in the top 15. BSMV has 1482 securities and a top 15 weight of 5.62%.
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Latest news about FCBD & BSMV
Frontier Asset Management Unveils a Suite of Actively Managed "Fund-of-Funds" ETFs
December 27, 2024
FCBD
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