BSMP vs VYM
Invesco BulletShares 2025 Municipal Bond ETF vs Vanguard High Dividend Yield ETF
Which is better, BSMP or VYM?
Municipal Bond against Large Cap Value.
VYM has a lower expense ratio.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BSMP | VYM |
|---|---|---|
| Expense Ratio | 0.18% | 0.04%Best |
| AUM | $181M | $81.6B |
| Dividend Yield | 2.32% | 2.22% |
| Holdings | 490 | 613 |
| Volatility (annualized) | 3.5%Best | 16.0% |
| Max Drawdown | -10.9%Best | -35.7% |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Municipal Bond | Large Cap Value |
| Inception | Sep 25, 2019 | Nov 10, 2006 |
Not shown on this pair: YTD Price Return, 1Y Price Return, 3Y Price Return (annualized), 5Y Price Return (annualized), $10,000 over 6.2 years, Top 10 Weight.
The two price series end 273 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BSMP has data through Dec 17, 2025 and VYM through Sep 16, 2026.
Volatility and max drawdown, and the $10,000 over 6.2 years row, are measured over the window both funds cover: Sep 25, 2019 to Dec 17, 2025 (6.2 years).
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 16.0% 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 -35.7% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.38. They move together some of the time, and apart the rest.
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 2.22% for VYM.
Holdings Overlap
We hold position weights for 158 holdings in BSMP and 557 in VYM, totalling 22.6% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 304 days apart, BSMP as of Sep 30, 2025 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 158 positions we hold weights for in BSMP and 557 in VYM, against full books of 490 and 613.
You are not choosing between two funds in isolation.
Whichever of BSMP and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $14 a year on a $10,000 investment.
Which is riskier, BSMP or VYM?
VYM has been the more volatile fund at 16.0% annualized versus 3.5% for BSMP. Worst drawdown: BSMP -10.9% vs VYM -35.7%.
Should I hold both BSMP and VYM?
BSMP and VYM have a monthly-return correlation of 0.38, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BSMP or VYM?
BSMP yields 2.32% while VYM yields 2.22%, so BSMP currently pays the higher dividend yield.
Is VYM better than BSMP?
VYM has a lower expense ratio. Which one suits a particular account depends on what it is for. This is information, not a recommendation.