FOPCvsBSMQETF Comparison
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Frontier Asset Opportunistic Credit ETF (FOPC) belongs to the Intl Aggregate Bonds segment. Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) is part of the Municipal Bonds segment. FOPC's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, BSMQ's top sector exposures are Municipal. FOPC is more expensive with a Total Expense Ratio (TER) of 0.87%, versus 0.18% for BSMQ. FOPC is up 0.2% year-to-date (YTD) with -$2M in YTD flows. BSMQ performs better with 1.38% YTD performance, and -$33M in YTD flows. Run a side-by-side ETF comparison of FOPC and BSMQ 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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FOPC vs BSMQ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FOPC BSMQ | +0.28%+0.16% | -0.41%+0.51% | +0.20%+1.38% | +2.01%+2.38% | n/a+9.45% | n/a+1.76% |
| Flows | FOPC BSMQ | +$9K-$2M | +$5K-$26M | -$2M-$33M | +$31K-$21M | -+$153M | -+$247M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FOPC BSMQ | +3.27%+0.29% | +2.94%+0.38% | n/a+1.29% | n/a+2.02% |
| Max drawdown | FOPC BSMQ | -1.26%-0.09% | -2.16%-0.27% | n/a-1.80% | n/a-11.44% |
| Max drawdown duration | FOPC BSMQ | 63d7d | 183d25d | n/a70d | n/a1538d |
Trading data
FOPC | BSMQ | |
Last sale 9/2/2026 at 1:30 PM | $25.15 | $23.49 |
| Previous close 09/01/2026 | $25.15 | $23.50 |
| Consolidated volume 09/01/2026 | ||
| 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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FOPC
is actively managed and doesn’t replicate an indexFOPC | BSMQ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
FOPC | BSMQ | |
|---|---|---|
| Last price | $25.15 | $23.49 |
| 1D performance | -0.00% | -0.04% |
| AuM | $33.01 M | $268.36 M |
| E/R | 0.87% | 0.18% |
Characteristics
FOPC | BSMQ | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Frontier Asset Management | Invesco |
| Benchmark | - | Invesco BulletShares USD Municipal Bond 2026 Index |
| N° of holdings | 3381 | 799 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 19, 2024 | September 13, 2019 |
| ESG | No | No |
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Exposure
Countries
FOPC
USA
53.82%
Other
46.18%
BSMQ
USA
55.76%
Other
44.24%
Sectors
FOPC
Sovereign
33.24%
Other
66.76%
BSMQ
Municipal
55.76%
Other
44.24%
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Diversification
FOPC
Total weight of top 15 holdings out of 15
37.43%
BSMQ
Total weight of top 15 holdings out of 15
8.97%
Top 15 holdings
Data as of July 31, 2026
FOPC
US29287L7001
25.34%
US72201R5853
4.79%
USA, Notes 3.625% 31aug2029, USD (AC-2029)
0.63%
USA, TIPS 1.125% 15oct2030, USD (AE-2030)
0.61%
USA, TIPS 1.25% 15apr2031, USD (X-2031)
0.60%
USA, TIPS 1.625% 15apr2030, USD (X-2030)
0.60%
USA, TIPS 1.625% 15oct2029, USD (AE-2029)
0.59%
USA, TIPS 2.125% 15apr2029, USD (X-2029)
0.56%
USA, TIPS 2.375% 15oct2028, USD (AE-2028)
0.56%
BlackRock Cash Funds - Institutional
0.55%
USA, TIPS 1.625% 15oct2027, USD (AE-2027)
0.55%
USA, TIPS 1.25% 15apr2028, USD (X-2028)
0.53%
USA, TIPS 0.125% 15jan2031, USD (A-2031)
0.52%
USA, TIPS 0.125% 15jul2031, USD (D-2031)
0.51%
USA, TIPS 0.125% 15jul2030, USD (D-2030)
0.50%
BSMQ
US451295ZZ58
1.34%
US64972GDC50
0.99%
City of New York, 5% 1aug2026, USD (2017)
0.79%
US160853UL92
0.72%
Maryland Department of Transportation, 5% 1oct2026, USD (2019)
0.59%
Charlotte-Mecklenburg Hospital Authority, FRN 15jan2048, USD (2018H)
0.50%
US13068XAE94
0.50%
US604115CT06
0.49%
US64971WR854
0.48%
US095175VQ53
0.47%
Illinois Toll Highway Authority, 5% 1jan2040, USD
0.44%
US167560SV44
0.43%
US59261AX695
0.43%
US917393CY40
0.41%
US160853MR54
0.41%
Frequently asked questions about FOPC and BSMQ
How have the FOPC and BSMQ ETFs performed in 2026?
As of August 31, 2026, FOPC is up 0.2% year-to-date (YTD), while BSMQ has returned 1.38%. That puts BSMQ better performer ahead so far this year.
Which ETF is attracting more investor money: FOPC or BSMQ?
Year-to-date, the FOPC ETF saw -$2M in flows, compared to -$33M for BSMQ.
Which ETF is more volatile: FOPC or BSMQ?
Over the past year, FOPC had a volatility of 2.94%, while BSMQ experienced 0.38%.
Which ETF is bigger: FOPC or BSMQ?
As of August 31, 2026, FOPC holds $33.01 M in assets under management (AUM), while BSMQ manages $268.36 M.
What sectors do the FOPC and BSMQ ETFs invest in?
FOPC leans toward sectors like Sovereign. Meanwhile, BSMQ focuses on Municipal.
What are the top holdings of the FOPC ETF and BSMQ ETF?
FOPC top holdings include US29287L7001, US72201R5853 and USA, Notes 3.625% 31aug2029, USD (AC-2029). BSMQ holds in its top three: US451295ZZ58, US64972GDC50 and City of New York, 5% 1aug2026, USD (2017).
Which ETF is more diversified: FOPC or BSMQ?
FOPC holds 12604 securities with 37.43% of its assets in the top 15. BSMQ has 1576 securities and a top 15 weight of 8.97%.
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Latest news about FOPC & BSMQ
Frontier Asset Management Unveils a Suite of Actively Managed "Fund-of-Funds" ETFs
December 27, 2024
FOPC
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