BSMV vs IVV
Invesco BulletShares 2031 Municipal Bond ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BSMV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $186M | $865.2B | |
| Dividend Yield | 2.90% | 1.09% | |
| Holdings | 1,457 | 508 | |
| YTD Return | +0.32% | +13.72% | |
| 1Y Return | +3.52% | +21.64% | |
| 3Y Return (annualized) | +2.94% | +21.55% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 8.2% | 15.1% | |
| Max Drawdown | -20.7% | -56.5% | |
| Fund Family | Invesco (US) | iShares by BlackRock (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Sep 15, 2021 | May 15, 2000 |
BSMV vs IVV Performance
Invesco BulletShares 2031 Municipal Bond ETF (BSMV) 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 BSMV returned +3.52% while IVV returned +21.64%. Year to date, BSMV is up 0.32% versus a gain of 13.72% for IVV.
Over three years, BSMV compounded at +2.94% per year against +21.55% for IVV. Across the full 5-year window we track, IVV has the edge at +7.04% annualized vs -0.77%. 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 8.2% for BSMV. 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 -20.7% for BSMV 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 0.68. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSMV 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, BSMV currently yields 2.90% against 1.09% for IVV.
Holdings Overlap
BSMV and IVV share 0 holdings out of 953 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, BSMV or IVV?
BSMV 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, BSMV or IVV?
Over the past year BSMV returned +3.52% vs +21.64% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (5 years), BSMV annualized -0.77% vs +7.04% for IVV. Past performance does not guarantee future results.
Which is riskier, BSMV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 8.2% for BSMV. Worst drawdown: BSMV -20.7% vs IVV -56.5%.
Should I hold both BSMV and IVV?
BSMV and IVV have a monthly-return correlation of 0.68, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSMV and IVV?
BSMV and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 953 unique securities.
Which pays a higher dividend, BSMV or IVV?
BSMV yields 2.90% while IVV yields 1.09%, so BSMV currently pays the higher dividend yield.
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