SMBvsBSMRETF Comparison
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VanEck Short Muni ETF (SMB) and Invesco BulletShares 2027 Municipal Bond ETF (BSMR) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. SMB is less expensive with a Total Expense Ratio (TER) of 0.07%, versus 0.18% for BSMR. SMB is up 0.74% year-to-date (YTD) with +$24M in YTD flows. BSMR performs worse with -0.24% YTD performance, and +$57M in YTD flows. Run a side-by-side ETF comparison of SMB and BSMR 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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SMB vs BSMR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SMB BSMR | +0.17%-0.15% | +0.12%-0.12% | +0.74%-0.24% | +1.66%+1.02% | +9.80%+7.88% | +5.63%-0.11% |
| Flows | SMB BSMR | +$6M+$12M | +$15M+$16M | +$24M+$57M | +$35M+$90M | +$58M+$266M | +$21M+$341M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMB BSMR | +0.99%+0.80% | +1.00%+0.80% | +1.33%+1.86% | +1.46%+2.36% |
| Max drawdown | SMB BSMR | -0.65%-0.49% | -1.33%-1.02% | -1.62%-2.56% | -6.68%-12.17% |
| Max drawdown duration | SMB BSMR | 57d49d | 184d191d | 58d72d | 1045d1555d |
Trading data
SMB | BSMR | |
Last sale 9/2/2026 at 1:30 PM | $17.12 | $23.57 |
| Previous close 09/01/2026 | $17.16 | $23.58 |
| 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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SMB | BSMR | |
|---|---|---|
| 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
SMB | BSMR | |
|---|---|---|
| Last price | $17.12 | $23.57 |
| 1D performance | -0.23% | -0.06% |
| AuM | $316.70 M | $357.35 M |
| E/R | 0.07% | 0.18% |
Characteristics
SMB | BSMR | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | Invesco |
| Benchmark | ICE Short AMT-Free Broad National Municipal Index | Invesco BulletShares USD Municipal Bond 2027 Index |
| N° of holdings | 233 | 1293 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 22, 2008 | September 13, 2019 |
| ESG | No | No |
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Exposure
Countries
SMB
USA
71.89%
Other
28.11%
BSMR
USA
64.54%
Other
35.46%
Sectors
SMB
Municipal
71.89%
Other
28.11%
BSMR
Municipal
64.54%
Other
35.46%
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Diversification
SMB
Total weight of top 15 holdings out of 15
13.26%
BSMR
Total weight of top 15 holdings out of 15
4.31%
Top 15 holdings
Data as of July 31, 2026
SMB
US64972LAF04
1.05%
US45506EMV29
1.03%
California, 5% 1apr2030, USD
1.03%
US160853VD67
1.03%
Southeast Energy Authority, 4% 1dec2051, USD
0.95%
Massachusetts, 5% 1may2031, USD
0.91%
US48542AFE64
0.90%
New Jersey, 2% 1jun2030, USD (2021)
0.89%
US64972KKJ33
0.84%
Massachusetts, 5% 1oct2031, USD (2022)
0.79%
US13078HAY80
0.79%
Massachusetts Water Resources Authority, 5.25% 1aug2030, USD
0.78%
US56035DGT37
0.76%
Main Street Natural Gas Inc., 5% 1apr2054, USD (2024D)
0.75%
Tennessee Energy Acquisition Corp., 5% 1may2052, USD (2020A)
0.75%
BSMR
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.54%
Illinois, 5% 1nov2029, USD (2017C)
0.46%
New Jersey, 5% 1jun2027, USD
0.31%
New York Transitional Finance Authority, 5% 1feb2039, USD
0.30%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.30%
County of Clark (NV), 5% 1jun2030, USD
0.29%
Hudson Yards Infrastructure Corp., 5% 15feb2039, USD
0.29%
California Health Facilities Financing Authority, 5% 1nov2027, USD (2017A)
0.25%
Texas Water Development Board, 5% 15oct2047, USD (2017A)
0.24%
Houston Combined Utility System, 5% 15nov2042, USD (2017B)
0.24%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.23%
California, 5% 1dec2027, USD
0.23%
US64990CJK80
0.21%
Illinois, 5% 1nov2027, USD (2017D)
0.21%
US574218V676
0.21%
Frequently asked questions about SMB and BSMR
How have the SMB and BSMR ETFs performed in 2026?
As of September 1, 2026, SMB is up 0.74% year-to-date (YTD), while BSMR has lost -0.24%. That puts SMB better performer ahead so far this year.
Which ETF is attracting more investor money: SMB or BSMR?
Year-to-date, the SMB ETF saw +$24M in flows, compared to +$57M for BSMR.
Which ETF is more volatile: SMB or BSMR?
Over the past year, SMB had a volatility of 1%, while BSMR experienced 0.8%.
Which ETF is bigger: SMB or BSMR?
As of September 1, 2026, SMB holds $316.70 M in assets under management (AUM), while BSMR manages $357.35 M.
What sectors do the SMB and BSMR ETFs invest in?
SMB leans toward sectors like Municipal. Meanwhile, BSMR focuses on Municipal.
What are the top holdings of the SMB ETF and BSMR ETF?
SMB top holdings include US64972LAF04, US45506EMV29 and California, 5% 1apr2030, USD. BSMR holds in its top three: Hudson Yards Infrastructure Corp., 5% 15feb2042, USD, Illinois, 5% 1nov2029, USD (2017C) and New Jersey, 5% 1jun2027, USD.
Which ETF is more diversified: SMB or BSMR?
SMB holds 329 securities with 13.26% of its assets in the top 15. BSMR has 2495 securities and a top 15 weight of 4.31%.
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