BSMU vs VOO
Invesco BulletShares 2030 Municipal Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. BSMU offers more diversification with 1,709 holdings.
Side-by-Side Comparison
| Metric | BSMU | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $276M | $997.4B | |
| Dividend Yield | 2.81% | 1.08% | |
| Holdings | 1,709 | 509 | |
| YTD Return | +0.40% | +12.25% | |
| 1Y Return | +3.12% | +20.92% | |
| 3Y Return (annualized) | +3.24% | +21.79% | |
| 5Y Return (annualized) | -0.77% | +13.05% | |
| Volatility (annualized) | 7.2% | 14.1% | |
| Max Drawdown | -19.5% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 16, 2020 | Sep 7, 2010 |
BSMU vs VOO Performance
Invesco BulletShares 2030 Municipal Bond ETF (BSMU) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BSMU returned +3.12% while VOO returned +20.92%. Year to date, BSMU is up 0.40% versus a gain of 12.25% for VOO.
Over three years, BSMU compounded at +3.24% per year against +21.79% for VOO; over five years the annualized figures are -0.77% and +13.05% respectively. Across the full 6-year window we track, VOO has the edge at +13.45% annualized vs +0.21%. 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 7.2% for BSMU. 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 -19.5% for BSMU 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 0.65. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSMU 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, BSMU currently yields 2.81% against 1.08% for VOO.
Holdings Overlap
BSMU and VOO share 0 holdings out of 964 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, BSMU or VOO?
BSMU 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, BSMU or VOO?
Over the past year BSMU returned +3.12% vs +20.92% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (6 years), BSMU annualized +0.21% vs +13.45% for VOO. Past performance does not guarantee future results.
Which is riskier, BSMU or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 7.2% for BSMU. Worst drawdown: BSMU -19.5% vs VOO -34.3%.
Should I hold both BSMU and VOO?
BSMU and VOO have a monthly-return correlation of 0.65, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSMU and VOO?
BSMU and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 964 unique securities.
Which pays a higher dividend, BSMU or VOO?
BSMU yields 2.81% while VOO yields 1.08%, so BSMU currently pays the higher dividend yield.
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