JHMUvsBSMWETF Comparison
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John Hancock Dynamic Municipal Bond ETF (JHMU) and Invesco BulletShares 2032 Municipal Bond ETF (BSMW) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. JHMU is more expensive with a Total Expense Ratio (TER) of 1.01%, versus 0.18% for BSMW. JHMU is down -1.62% year-to-date (YTD) with +$54M in YTD flows. BSMW performs worse with -2.1% YTD performance, and +$89M in YTD flows. Run a side-by-side ETF comparison of JHMU 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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JHMU vs BSMW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JHMU BSMW | -0.23%-0.09% | -3.06%-3.05% | -1.62%-2.10% | -0.96%-1.51% | n/a+10.84% | n/an/a |
| Flows | JHMU BSMW | +$50M+$17M | +$51M+$27M | +$54M+$89M | +$63M+$112M | -+$207M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JHMU BSMW | +4.89%+4.97% | +3.11%+3.12% | n/a+4.15% | n/an/a |
| Max drawdown | JHMU BSMW | -5.48%-5.60% | -6.15%-6.62% | n/a-6.62% | n/an/a |
| Max drawdown duration | JHMU BSMW | 92d92d | 102d229d | n/a229d | n/an/a |
Trading data
JHMU | BSMW | |
Last sale 10/16/2026 at 1:30 PM | $25.10 | $24.03 |
| Previous close 10/15/2026 | $25.07 | $24.03 |
| Consolidated volume 10/15/2026 | ||
| 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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JHMU
is actively managed and doesn’t replicate an indexJHMU | 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 10/16/2026 at 1:30 PM
Live
Closed
JHMU | BSMW | |
|---|---|---|
| Last price | $25.10 | $24.03 |
| 1D performance | +0.13% | +0.00% |
| AuM | $93.43 M | $227.69 M |
| E/R | 1.01% | 0.18% |
Characteristics
JHMU | BSMW | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | John Hancock Investments | Invesco |
| Benchmark | - | ICE BulletShares USD Municipal Bond 2032 Index |
| N° of holdings | 46 | 629 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 31, 2023 | March 1, 2023 |
| ESG | No | No |
Exposure
Countries
JHMU
USA
39.44%
Other
60.56%
BSMW
USA
40.37%
Other
59.63%
Sectors
JHMU
Municipal
39.44%
Other
60.56%
BSMW
Municipal
40.37%
Other
59.63%
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Diversification
JHMU
Total weight of top 15 holdings out of 15
16.67%
BSMW
Total weight of top 15 holdings out of 15
5.14%
Top 15 holdings
Data as of August 31, 2026
JHMU
US735389P517
1.73%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
1.71%
US34061UEX28
1.66%
Indiana Finance Authority, 3% 1nov2030, USD (2010A)
1.61%
US64579RDU86
0.92%
Connecticut Health and Educational Facilities Authority, 5% 1jul2036, USD
0.91%
Utility Debt Securitization Authority, 5% 15dec2041, USD (2025TE-2)
0.91%
US7436003H96
0.91%
US45130ABK07
0.90%
Maricopa Industrial Development Authority, 5% 1jan2038, USD (2026D)
0.90%
US57421CLQ59
0.90%
US79467BKC80
0.90%
US79467BKA25
0.90%
US091096PZ48
0.90%
US795576LT29
0.90%
BSMW
University of California Medical Center, 5% 15may2047, USD (2022)
0.51%
New York Municipal Water Finance Authority, 5.25% 15jun2052, USD (2023)
0.49%
US46246SAU96
0.42%
University of California, 5% 15may2032, USD (2022)
0.41%
University of California, 5% 15may2052, USD (2022)
0.38%
New York Dormitory Authority, 5% 1may2052, USD (2022A)
0.35%
Los Angeles Unified School District, 5% 1jul2032, USD (2024)
0.31%
New Jersey, 4% 1jun2032, USD
0.30%
Tarrant Cultural Education Facilities Finance Corp., 5% 15nov2051, USD (2022D)
0.29%
US13063DT817
0.29%
US89602HEY99
0.28%
US01728VWU06
0.28%
New York Transitional Finance Authority, 5% 1feb2047, USD
0.28%
New York Municipal Water Finance Authority, 5% 15jun2047, USD
0.28%
Triborough Bridge and Tunnel Authority, 5.25% 15may2052, USD (2022C)
0.28%
Frequently asked questions about JHMU and BSMW
How have the JHMU and BSMW ETFs performed in 2026?
As of October 16, 2026, JHMU is down -1.62% year-to-date (YTD), while BSMW has lost -2.1%. That puts JHMU better performer ahead so far this year.
Which ETF is attracting more investor money: JHMU or BSMW?
Year-to-date, the JHMU ETF saw +$54M in flows, compared to +$89M for BSMW.
Which ETF is more volatile: JHMU or BSMW?
Over the past year, JHMU had a volatility of 3.11%, while BSMW experienced 3.12%.
Which ETF is bigger: JHMU or BSMW?
As of October 16, 2026, JHMU holds $93.43 M in assets under management (AUM), while BSMW manages $227.69 M.
What sectors do the JHMU and BSMW ETFs invest in?
JHMU leans toward sectors like Municipal. Meanwhile, BSMW focuses on Municipal.
What are the top holdings of the JHMU ETF and BSMW ETF?
JHMU top holdings include US735389P517, Black Belt Energy Gas District, 5% 1dec2034, USD (2026) and US34061UEX28. 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: JHMU or BSMW?
JHMU holds 116 securities with 16.67% of its assets in the top 15. BSMW has 1912 securities and a top 15 weight of 5.14%.
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