BSMR vs IVV
Invesco BulletShares 2027 Municipal Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. BSMR offers more diversification with 683 holdings.
Side-by-Side Comparison
| Metric | BSMR | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $344M | $865.2B | |
| Dividend Yield | 2.72% | 1.09% | |
| Holdings | 2,405 | 508 | |
| YTD Return | +1.33% | +13.72% | |
| 1Y Return | +2.77% | +21.64% | |
| 3Y Return (annualized) | +2.96% | +21.55% | |
| 5Y Return (annualized) | +0.43% | +13.27% | |
| Volatility (annualized) | 5.0% | 15.1% | |
| Max Drawdown | -13.6% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 25, 2019 | May 15, 2000 |
BSMR vs IVV Performance
Invesco BulletShares 2027 Municipal Bond ETF (BSMR) is a ETF from Invesco (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BSMR returned +2.77% while IVV returned +21.64%. Year to date, BSMR is up 1.33% versus a gain of 13.72% for IVV.
Over three years, BSMR compounded at +2.96% per year against +21.55% for IVV; over five years the annualized figures are +0.43% and +13.27% respectively. Across the full 7-year window we track, IVV has the edge at +7.04% annualized vs +0.94%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 5.0% for BSMR. 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 BSMR and -56.5% for IVV. 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
BSMR charges 0.18% per year while IVV 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, BSMR currently yields 2.72% against 1.09% for IVV.
Holdings Overlap
BSMR and IVV share 0 holdings out of 1188 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, BSMR or IVV?
BSMR has an expense ratio of 0.18% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, BSMR or IVV?
Over the past year BSMR returned +2.77% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (7 years), BSMR annualized +0.94% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, BSMR or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.0% for BSMR. Worst drawdown: BSMR -13.6% vs IVV -56.5%.
Should I hold both BSMR and IVV?
BSMR and IVV 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 BSMR and IVV?
BSMR and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1188 unique securities.
Which pays a higher dividend, BSMR or IVV?
BSMR yields 2.72% while IVV yields 1.09%, so BSMR currently pays the higher dividend yield.
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