BMN vs VOO
BlackRock 2037 Municipal Target Term Trust vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BMN | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 2.17% | 0.03% | |
| AUM | $156M | $979.0B | |
| Dividend Yield | 4.32% | 1.09% | |
| Holdings | 170 | 509 | |
| YTD Return | +0.05% | +13.80% | |
| 1Y Return | +9.50% | +23.71% | |
| 3Y Return (annualized) | +5.58% | +21.50% | |
| 5Y Return (annualized) | - | +13.44% | |
| Volatility (annualized) | 9.5% | 14.1% | |
| Max Drawdown | -13.0% | -34.3% | |
| Fund Family | BlackRock, Inc. (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Oct 26, 2022 | Sep 7, 2010 |
BMN vs VOO Performance
BlackRock 2037 Municipal Target Term Trust (BMN) is a ETF from BlackRock, Inc. (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BMN returned +9.50% while VOO returned +23.71%. Year to date, BMN is up 0.05% versus a gain of 13.80% for VOO.
Over three years, BMN compounded at +5.58% per year against +21.50% for VOO. Across the full 4-year window we track, VOO has the edge at +13.58% annualized vs +4.66%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.1% compared with 9.5% for BMN. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -13.0% for BMN and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.56. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BMN charges 2.17% per year while VOO charges 0.03%. On a $10,000 position that is $217 vs $3 annually, a gap of $214 per year that compounds over a long holding period. On income, BMN currently yields 4.32% against 1.09% for VOO.
Holdings Overlap
BMN and VOO share 0 holdings out of 568 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, BMN or VOO?
BMN has an expense ratio of 2.17% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $214 per year of difference.
Which performed better, BMN or VOO?
Over the past year BMN returned +9.50% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (4 years), BMN annualized +4.66% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, BMN or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 9.5% for BMN. Worst drawdown: BMN -13.0% vs VOO -34.3%.
Should I hold both BMN and VOO?
BMN and VOO have a monthly-return correlation of 0.56, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BMN and VOO?
BMN and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 568 unique securities.
Which pays a higher dividend, BMN or VOO?
BMN yields 4.32% while VOO yields 1.09%, so BMN currently pays the higher dividend yield.
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