SMBvsBSMTETF Comparison
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VanEck Short Muni ETF (SMB) and Invesco BulletShares 2029 Municipal Bond ETF (BSMT) 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 BSMT. SMB is up 0.74% year-to-date (YTD) with +$24M in YTD flows. BSMT performs worse with -1.05% YTD performance, and +$58M in YTD flows. Run a side-by-side ETF comparison of SMB and BSMT 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 BSMT 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 BSMT | +0.17%-0.32% | +0.12%-0.74% | +0.74%-1.05% | +1.66%+0.85% | +9.80%+7.52% | +5.63%-3.91% |
| Flows | SMB BSMT | +$6M+$9M | +$15M+$21M | +$24M+$58M | +$35M+$90M | +$58M+$244M | +$21M+$278M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SMB BSMT | +0.99%+1.42% | +1.00%+1.44% | +1.33%+2.81% | +1.46%+3.39% |
| Max drawdown | SMB BSMT | -0.65%-1.17% | -1.33%-2.16% | -1.62%-3.52% | -6.68%-16.14% |
| Max drawdown duration | SMB BSMT | 57d57d | 184d191d | 58d156d | 1045d1702d |
Trading data
SMB | BSMT | |
Last sale 9/2/2026 at 1:30 PM | $17.12 | $22.83 |
| Previous close 09/01/2026 | $17.16 | $22.84 |
| 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 | BSMT | |
|---|---|---|
| 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 | BSMT | |
|---|---|---|
| Last price | $17.12 | $22.83 |
| 1D performance | -0.23% | -0.04% |
| AuM | $316.70 M | $289.49 M |
| E/R | 0.07% | 0.18% |
Characteristics
SMB | BSMT | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | VanEck | Invesco |
| Benchmark | ICE Short AMT-Free Broad National Municipal Index | Invesco BulletShares USD Municipal Bond 2029 Index |
| N° of holdings | 233 | 1061 |
| 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%
BSMT
USA
64.48%
Other
35.52%
Sectors
SMB
Municipal
71.89%
Other
28.11%
BSMT
Municipal
64.48%
Other
35.52%
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Diversification
SMB
Total weight of top 15 holdings out of 15
13.26%
BSMT
Total weight of top 15 holdings out of 15
5.22%
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%
BSMT
Triborough Bridge and Tunnel Authority, 5% 1feb2029, USD (2026A2)
0.52%
New Jersey, 5% 1jun2029, USD
0.50%
US89602HJB42
0.48%
US43233KAG94
0.39%
US19648FXR09
0.34%
Ohio Water Development Authority, 5% 1jun2029, USD (2019A)
0.32%
Nashville and Davidson Health and Educational Facilities, 5% 1jul2029, USD (2024A)
0.32%
US544647HL79
0.32%
US13034A5B23
0.32%
New Jersey Turnpike Authority, 5% 1jan2048, USD
0.31%
Lancaster Hospital Authority, 5% 1nov2051, USD (2021)
0.29%
Pennsylvania Turnpike Commission, 5% 1dec2044, USD
0.29%
US91412HTF00
0.28%
New York Municipal Water Finance Authority, 5% 15jun2040, USD
0.28%
Illinois Toll Highway Authority, 5% 1jan2044, USD
0.26%
Frequently asked questions about SMB and BSMT
How have the SMB and BSMT ETFs performed in 2026?
As of September 1, 2026, SMB is up 0.74% year-to-date (YTD), while BSMT has lost -1.05%. That puts SMB better performer ahead so far this year.
Which ETF is attracting more investor money: SMB or BSMT?
Year-to-date, the SMB ETF saw +$24M in flows, compared to +$58M for BSMT.
Which ETF is more volatile: SMB or BSMT?
Over the past year, SMB had a volatility of 1%, while BSMT experienced 1.44%.
Which ETF is bigger: SMB or BSMT?
As of September 1, 2026, SMB holds $316.70 M in assets under management (AUM), while BSMT manages $289.49 M.
What sectors do the SMB and BSMT ETFs invest in?
SMB leans toward sectors like Municipal. Meanwhile, BSMT focuses on Municipal.
What are the top holdings of the SMB ETF and BSMT ETF?
SMB top holdings include US64972LAF04, US45506EMV29 and California, 5% 1apr2030, USD. BSMT holds in its top three: Triborough Bridge and Tunnel Authority, 5% 1feb2029, USD (2026A2), New Jersey, 5% 1jun2029, USD and US89602HJB42.
Which ETF is more diversified: SMB or BSMT?
SMB holds 329 securities with 13.26% of its assets in the top 15. BSMT has 1917 securities and a top 15 weight of 5.22%.
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