IBMOvsBSMWETF Comparison
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iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) and Invesco BulletShares 2032 Municipal Bond ETF (BSMW) belong to the same industry segment: Municipal Bonds. IBMO's top 2 sector exposures are Municipal and Non-Corporate. In contrast, BSMW's top sector exposures are Municipal. IBMO is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.18% for BSMW. IBMO is up 1.62% year-to-date (YTD) with -$17M in YTD flows. BSMW performs worse with -0.58% YTD performance, and +$73M in YTD flows. Run a side-by-side ETF comparison of IBMO and BSMW 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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IBMO vs BSMW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/03/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IBMO BSMW | +0.19%-0.66% | +0.59%-1.67% | +1.62%-0.58% | +2.30%+3.17% | +9.36%+8.71% | +3.66%n/a |
| Flows | IBMO BSMW | -$23M+$5M | -$36M+$17M | -$17M+$73M | +$32M+$103M | +$229M+$200M | +$436M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBMO BSMW | +0.15%+2.36% | +0.25%+2.34% | +0.87%+4.11% | +1.52%n/a |
| Max drawdown | IBMO BSMW | n/a-2.17% | -0.14%-2.84% | -1.20%-6.05% | -8.44%n/a |
| Max drawdown duration | IBMO BSMW | n/a59d | 51d186d | 58d278d | 1290dn/a |
Trading data
IBMO | BSMW | |
Last sale 9/4/2026 at 1:30 PM | $25.59 | $24.45 |
| Previous close 09/03/2026 | $25.60 | $24.42 |
| Consolidated volume 09/03/2026 | ||
| 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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IBMO | BSMW | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/4/2026 at 1:30 PM
Live
Closed
IBMO | BSMW | |
|---|---|---|
| Last price | $25.59 | $24.45 |
| 1D performance | -0.04% | +0.10% |
| AuM | $551.97 M | $214.78 M |
| E/R | 0.1% | 0.18% |
Characteristics
IBMO | BSMW | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Invesco |
| Benchmark | S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 Index | Invesco BulletShares USD Municipal Bond 2032 Index |
| N° of holdings | 327 | 602 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 2, 2019 | March 1, 2023 |
| ESG | No | No |
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Exposure
Countries
IBMO
USA
39.9%
Other
60.1%
BSMW
USA
41%
Other
59%
Sectors
IBMO
Municipal
39.89%
Other
60.11%
BSMW
Municipal
41%
Other
59%
Diversification
IBMO
Total weight of top 15 holdings out of 15
41.27%
BSMW
Total weight of top 15 holdings out of 15
5.34%
Top 15 holdings
Data as of July 31, 2026
IBMO
Orlando Utilities Commission, FRN 1oct2039, USD (2015B)
4.35%
US20775DTT99
4.17%
US812643ZK32
3.69%
US79642GTU66
3.69%
US254845VW74
3.48%
US44244CN944
3.48%
US89602RPH20
2.64%
Battery Park City Authority, FRN 1nov2038, USD (2019D)
2.37%
US576051R651
2.26%
Metropolitan Atlanta Rapid Transit Authority, FRN 1jul2045, USD (2026B)
2.09%
Long Island Power Authority, FRN 1sep2042, USD (2026A)
2.00%
US495290ET12
1.84%
US677632R946
1.74%
US542691LG38
1.74%
US64972GSC95
1.74%
BSMW
University of California Medical Center, 5% 15may2047, USD (2022)
0.53%
New York Municipal Water Finance Authority, 5.25% 15jun2052, USD (2023)
0.51%
US46246SAU96
0.42%
University of California, 5% 15may2032, USD (2022)
0.42%
University of California, 5% 15may2052, USD (2022)
0.39%
New York Dormitory Authority, 5% 1may2052, USD (2022A)
0.36%
New Jersey, 4% 1jun2032, USD
0.36%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.32%
US64613CEJ36
0.30%
Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2051, USD (2022D)
0.30%
New York Transitional Finance Authority, 5% 1feb2047, USD
0.29%
US13063DT817
0.29%
US01728VWU06
0.29%
New York Municipal Water Finance Authority, 5% 15jun2047, USD
0.29%
Illinois Finance Authority, 5% 15aug2047, USD (2022A)
0.29%
Frequently asked questions about IBMO and BSMW
How have the IBMO and BSMW ETFs performed in 2026?
As of September 3, 2026, IBMO is up 1.62% year-to-date (YTD), while BSMW has lost -0.58%. That puts IBMO better performer ahead so far this year.
Which ETF is attracting more investor money: IBMO or BSMW?
Year-to-date, the IBMO ETF saw -$17M in flows, compared to +$73M for BSMW.
Which ETF is more volatile: IBMO or BSMW?
Over the past year, IBMO had a volatility of 0.25%, while BSMW experienced 2.34%.
Which ETF is bigger: IBMO or BSMW?
As of September 3, 2026, IBMO holds $551.97 M in assets under management (AUM), while BSMW manages $214.78 M.
What sectors do the IBMO and BSMW ETFs invest in?
IBMO leans toward sectors like Municipal. Meanwhile, BSMW focuses on Municipal.
What are the top holdings of the IBMO ETF and BSMW ETF?
IBMO top holdings include Orlando Utilities Commission, FRN 1oct2039, USD (2015B), US20775DTT99 and US812643ZK32. BSMW holds in its top three: University of California Medical Center, 5% 15may2047, USD (2022), New York Municipal Water Finance Authority, 5.25% 15jun2052, USD (2023) and US46246SAU96.
Which ETF is more diversified: IBMO or BSMW?
IBMO holds 713 securities with 41.27% of its assets in the top 15. BSMW has 1839 securities and a top 15 weight of 5.34%.
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