BSMQ vs VOO
Invesco BulletShares 2026 Municipal Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. BSMQ offers more diversification with 1,845 holdings.
Side-by-Side Comparison
| Metric | BSMQ | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $271M | $997.4B | |
| Dividend Yield | 2.75% | 1.08% | |
| Holdings | 1,845 | 509 | |
| YTD Return | +1.45% | +12.25% | |
| 1Y Return | +2.87% | +20.92% | |
| 3Y Return (annualized) | +3.14% | +21.79% | |
| 5Y Return (annualized) | +0.35% | +13.05% | |
| Volatility (annualized) | 4.5% | 14.1% | |
| Max Drawdown | -13.6% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 25, 2019 | Sep 7, 2010 |
BSMQ vs VOO Performance
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BSMQ returned +2.87% while VOO returned +20.92%. Year to date, BSMQ is up 1.45% versus a gain of 12.25% for VOO.
Over three years, BSMQ compounded at +3.14% per year against +21.79% for VOO; over five years the annualized figures are +0.35% and +13.05% respectively. Across the full 7-year window we track, VOO has the edge at +13.45% annualized vs +0.92%. 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 4.5% for BSMQ. 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 -13.6% for BSMQ 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 0.50. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSMQ charges 0.18% per year while VOO charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, BSMQ currently yields 2.75% against 1.08% for VOO.
Holdings Overlap
BSMQ and VOO share 0 holdings out of 979 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, BSMQ or VOO?
BSMQ has an expense ratio of 0.18% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, BSMQ or VOO?
Over the past year BSMQ returned +2.87% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (7 years), BSMQ annualized +0.92% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, BSMQ or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 4.5% for BSMQ. Worst drawdown: BSMQ -13.6% vs VOO -34.3%.
Should I hold both BSMQ and VOO?
BSMQ and VOO have a monthly-return correlation of 0.50, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSMQ and VOO?
BSMQ and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 979 unique securities.
Which pays a higher dividend, BSMQ or VOO?
BSMQ yields 2.75% while VOO yields 1.08%, so BSMQ currently pays the higher dividend yield.
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