BSMV vs QQQ
Invesco BulletShares 2031 Municipal Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. BSMV offers more diversification with 1,474 holdings.
Side-by-Side Comparison
| Metric | BSMV | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.18% | |
| AUM | $190M | $496.3B | |
| Dividend Yield | 2.94% | 0.44% | |
| Holdings | 1,474 | 108 | |
| YTD Return | +0.13% | +16.23% | |
| 1Y Return | +3.24% | +26.23% | |
| 3Y Return (annualized) | +3.21% | +25.75% | |
| 5Y Return (annualized) | - | +14.78% | |
| Volatility (annualized) | 8.2% | 30.6% | |
| Max Drawdown | -20.7% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Sep 15, 2021 | Mar 10, 1999 |
BSMV vs QQQ Performance
Invesco BulletShares 2031 Municipal Bond ETF (BSMV) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BSMV returned +3.24% while QQQ returned +26.23%. Year to date, BSMV is up 0.13% versus a gain of 16.23% for QQQ.
Over three years, BSMV compounded at +3.21% per year against +25.75% for QQQ. Across the full 5-year window we track, QQQ has the edge at +13.02% annualized vs -0.80%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSMV charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, BSMV currently yields 2.94% against 0.44% for QQQ.
Holdings Overlap
BSMV and QQQ share 0 holdings out of 535 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 QQQ?
BSMV has an expense ratio of 0.18% while QQQ charges 0.18%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
Which performed better, BSMV or QQQ?
Over the past year BSMV returned +3.24% vs +26.23% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (5 years), BSMV annualized -0.80% vs +13.02% for QQQ. Past performance does not guarantee future results.
Which is riskier, BSMV or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 8.2% for BSMV. Worst drawdown: BSMV -20.7% vs QQQ -83.0%.
Should I hold both BSMV and QQQ?
BSMV and QQQ have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSMV and QQQ?
BSMV and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 535 unique securities.
Which pays a higher dividend, BSMV or QQQ?
BSMV yields 2.94% while QQQ yields 0.44%, so BSMV currently pays the higher dividend yield.
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