BSMP vs VYM
Invesco BulletShares 2025 Municipal Bond ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | BSMP | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.04% | |
| AUM | $181M | $79.0B | |
| Dividend Yield | 2.32% | 2.86% | |
| Holdings | 490 | 568 | |
| YTD Return | -0.22% | +16.10% | |
| 1Y Return | -0.39% | +25.99% | |
| 3Y Return (annualized) | +0.09% | +18.29% | |
| 5Y Return (annualized) | -1.19% | +12.35% | |
| Volatility (annualized) | 3.5% | 14.6% | |
| Max Drawdown | -10.9% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 25, 2019 | Nov 10, 2006 |
BSMP vs VYM Performance
Invesco BulletShares 2025 Municipal Bond ETF (BSMP) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year BSMP returned -0.39% while VYM returned +25.99%. Year to date, BSMP is down 0.22% versus a gain of 16.10% for VYM.
Over three years, BSMP compounded at +0.09% per year against +18.29% for VYM; over five years the annualized figures are -1.19% and +12.35% respectively. Across the full 6-year window we track, VYM has the edge at +7.08% annualized vs -0.36%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 3.5% for BSMP. 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 -10.9% for BSMP and -58.8% for VYM. 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 0.38. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSMP charges 0.18% per year while VYM charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, BSMP currently yields 2.32% against 2.86% for VYM.
Holdings Overlap
BSMP and VYM share 0 holdings out of 716 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, BSMP or VYM?
BSMP has an expense ratio of 0.18% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, BSMP or VYM?
Over the past year BSMP returned -0.39% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (6 years), BSMP annualized -0.36% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, BSMP or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 3.5% for BSMP. Worst drawdown: BSMP -10.9% vs VYM -58.8%.
Should I hold both BSMP and VYM?
BSMP and VYM have a monthly-return correlation of 0.38, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSMP and VYM?
BSMP and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 716 unique securities.
Which pays a higher dividend, BSMP or VYM?
BSMP yields 2.32% while VYM yields 2.86%, so VYM currently pays the higher dividend yield.
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