BSMT vs IVV
Invesco BulletShares 2029 Municipal Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. BSMT offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | BSMT | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $281M | $865.2B | |
| Dividend Yield | 2.74% | 1.09% | |
| Holdings | 1,790 | 508 | |
| YTD Return | +1.03% | +13.43% | |
| 1Y Return | +3.29% | +22.61% | |
| 3Y Return (annualized) | +3.05% | +21.47% | |
| 5Y Return (annualized) | -0.25% | +13.26% | |
| Volatility (annualized) | 6.4% | 15.1% | |
| Max Drawdown | -16.2% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 25, 2019 | May 15, 2000 |
BSMT vs IVV Performance
Invesco BulletShares 2029 Municipal Bond ETF (BSMT) 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 BSMT returned +3.29% while IVV returned +22.61%. Year to date, BSMT is up 1.03% versus a gain of 13.43% for IVV.
Over three years, BSMT compounded at +3.05% per year against +21.47% for IVV; over five years the annualized figures are -0.25% and +13.26% respectively. Across the full 7-year window we track, IVV has the edge at +7.03% annualized vs +0.59%. 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 6.4% for BSMT. 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 -16.2% for BSMT 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSMT 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, BSMT currently yields 2.74% against 1.09% for IVV.
Holdings Overlap
BSMT and IVV share 0 holdings out of 1014 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, BSMT or IVV?
BSMT 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, BSMT or IVV?
Over the past year BSMT returned +3.29% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (7 years), BSMT annualized +0.59% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, BSMT or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 6.4% for BSMT. Worst drawdown: BSMT -16.2% vs IVV -56.5%.
Should I hold both BSMT and IVV?
BSMT and IVV have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSMT and IVV?
BSMT and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1014 unique securities.
Which pays a higher dividend, BSMT or IVV?
BSMT yields 2.74% while IVV yields 1.09%, so BSMT currently pays the higher dividend yield.
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