THYMvsBSMWETF Comparison
VS
T. Rowe Price High Income Municipal ETF (THYM) 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. THYM is more expensive with a Total Expense Ratio (TER) of 0.32%, versus 0.18% for BSMW. THYM is up 0.55% year-to-date (YTD) with +$6M in YTD flows. BSMW performs worse with -1.66% YTD performance, and +$73M in YTD flows. Run a side-by-side ETF comparison of THYM 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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THYM vs BSMW performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | THYM BSMW | -2.45%-2.35% | -2.61%-2.77% | +0.55%-1.66% | n/a-0.11% | n/a+8.40% | n/an/a |
| Flows | THYM BSMW | +$1M+$2M | +$4M+$15M | +$6M+$73M | -+$100M | -+$200M | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | THYM BSMW | +3.75%+2.87% | n/a+2.35% | n/a+4.14% | n/an/a |
| Max drawdown | THYM BSMW | -3.92%-3.33% | n/a-3.77% | n/a-6.05% | n/an/a |
| Max drawdown duration | THYM BSMW | 68d70d | n/a197d | n/a278d | n/an/a |
Trading data
THYM | BSMW | |
Last sale 9/15/2026 at 1:30 PM | $48.57 | $24.11 |
| Previous close 09/14/2026 | $48.72 | $24.15 |
| Consolidated volume 09/14/2026 | ||
| 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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THYM
is actively managed and doesn’t replicate an indexTHYM | 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 9/15/2026 at 1:30 PM
Live
Closed
THYM | BSMW | |
|---|---|---|
| Last price | $48.57 | $24.11 |
| 1D performance | -0.32% | -0.16% |
| AuM | $28.07 M | $212.45 M |
| E/R | 0.32% | 0.18% |
Characteristics
THYM | BSMW | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | T. Rowe Price | Invesco |
| Benchmark | - | Invesco BulletShares USD Municipal Bond 2032 Index |
| N° of holdings | 93 | 602 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | November 19, 2025 | March 1, 2023 |
| ESG | No | No |
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Exposure
Countries
THYM
USA
42.5%
Other
57.5%
BSMW
USA
41%
Other
59%
Sectors
THYM
Municipal
42.5%
Other
57.5%
BSMW
Municipal
41%
Other
59%
Diversification
THYM
Total weight of top 15 holdings out of 15
17.54%
BSMW
Total weight of top 15 holdings out of 15
5.34%
Top 15 holdings
Data as of July 31, 2026
THYM
US74529JQM08
1.81%
Maryland Economic Development Corp., 5.25% 30jun2052, USD (2022B)
1.69%
Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2)
1.44%
US13078YXQ33
1.19%
Puerto Rico, FRN 1nov2051, USD
1.17%
US717901CE01
1.15%
US246372BC95
1.14%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
1.09%
Puerto Rico, 4% 1jul2046, USD
1.04%
US246387RS50
1.03%
US86607JAD63
1.01%
US13048V6W31
1.00%
US574218T373
0.96%
US60416UW684
0.94%
US165588FN90
0.89%
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 THYM and BSMW
How have the THYM and BSMW ETFs performed in 2026?
As of September 11, 2026, THYM is up 0.55% year-to-date (YTD), while BSMW has lost -1.66%. That puts THYM better performer ahead so far this year.
Which ETF is attracting more investor money: THYM or BSMW?
Year-to-date, the THYM ETF saw +$6M in flows, compared to +$73M for BSMW.
Which ETF is bigger: THYM or BSMW?
As of September 11, 2026, THYM holds $28.07 M in assets under management (AUM), while BSMW manages $212.45 M.
What sectors do the THYM and BSMW ETFs invest in?
THYM leans toward sectors like Municipal. Meanwhile, BSMW focuses on Municipal.
What are the top holdings of the THYM ETF and BSMW ETF?
THYM top holdings include US74529JQM08, Maryland Economic Development Corp., 5.25% 30jun2052, USD (2022B) and Buckeye Tobacco Settlement Financing Authority, 5% 1jun2055, USD (2020B-2). 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: THYM or BSMW?
THYM holds 226 securities with 17.54% of its assets in the top 15. BSMW has 1839 securities and a top 15 weight of 5.34%.
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