BSMT vs VOO
Invesco BulletShares 2029 Municipal Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. BSMT offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | BSMT | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $281M | $979.0B | |
| Dividend Yield | 2.74% | 1.09% | |
| Holdings | 1,790 | 509 | |
| YTD Return | +1.01% | +13.80% | |
| 1Y Return | +3.35% | +23.71% | |
| 3Y Return (annualized) | +3.08% | +21.50% | |
| 5Y Return (annualized) | -0.35% | +13.44% | |
| Volatility (annualized) | 6.4% | 14.1% | |
| Max Drawdown | -16.2% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 25, 2019 | Sep 7, 2010 |
BSMT vs VOO Performance
Invesco BulletShares 2029 Municipal Bond ETF (BSMT) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BSMT returned +3.35% while VOO returned +23.71%. Year to date, BSMT is up 1.01% versus a gain of 13.80% for VOO.
Over three years, BSMT compounded at +3.08% per year against +21.50% for VOO; over five years the annualized figures are -0.35% and +13.44% respectively. Across the full 7-year window we track, VOO has the edge at +13.58% annualized vs +0.59%. 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 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 -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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSMT charges 0.18% per year while 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, BSMT currently yields 2.74% against 1.09% for VOO.
Holdings Overlap
BSMT and VOO 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 VOO?
BSMT 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, BSMT or VOO?
Over the past year BSMT returned +3.35% vs +23.71% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (7 years), BSMT annualized +0.59% vs +13.58% for VOO. Past performance does not guarantee future results.
Which is riskier, BSMT or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 6.4% for BSMT. Worst drawdown: BSMT -16.2% vs VOO -34.3%.
Should I hold both BSMT and VOO?
BSMT and VOO 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 VOO?
BSMT and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1014 unique securities.
Which pays a higher dividend, BSMT or VOO?
BSMT yields 2.74% while VOO yields 1.09%, so BSMT currently pays the higher dividend yield.
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