BSMS vs IVV
Invesco BulletShares 2028 Municipal Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. BSMS offers more diversification with 621 holdings.
Side-by-Side Comparison
| Metric | BSMS | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $310M | $865.2B | |
| Dividend Yield | 2.77% | 1.09% | |
| Holdings | 2,109 | 508 | |
| YTD Return | +1.35% | +13.43% | |
| 1Y Return | +3.37% | +22.61% | |
| 3Y Return (annualized) | +3.12% | +21.47% | |
| 5Y Return (annualized) | +0.01% | +13.26% | |
| Volatility (annualized) | 5.4% | 15.1% | |
| Max Drawdown | -15.0% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 25, 2019 | May 15, 2000 |
BSMS vs IVV Performance
Invesco BulletShares 2028 Municipal Bond ETF (BSMS) 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 BSMS returned +3.37% while IVV returned +22.61%. Year to date, BSMS is up 1.35% versus a gain of 13.43% for IVV.
Over three years, BSMS compounded at +3.12% per year against +21.47% for IVV; over five years the annualized figures are +0.01% and +13.26% respectively. Across the full 7-year window we track, IVV has the edge at +7.03% annualized vs +0.90%. 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 5.4% for BSMS. 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 -15.0% for BSMS 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 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSMS 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, BSMS currently yields 2.77% against 1.09% for IVV.
Holdings Overlap
BSMS and IVV share 0 holdings out of 1126 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, BSMS or IVV?
BSMS 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, BSMS or IVV?
Over the past year BSMS returned +3.37% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (7 years), BSMS annualized +0.90% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, BSMS or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 5.4% for BSMS. Worst drawdown: BSMS -15.0% vs IVV -56.5%.
Should I hold both BSMS and IVV?
BSMS and IVV have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSMS and IVV?
BSMS and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1126 unique securities.
Which pays a higher dividend, BSMS or IVV?
BSMS yields 2.77% while IVV yields 1.09%, so BSMS currently pays the higher dividend yield.
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