BSMW vs QQQ
Invesco BulletShares 2032 Municipal Bond ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ delivered stronger 1-year returns. BSMW offers more diversification with 1,807 holdings.
Side-by-Side Comparison
| Metric | BSMW | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.18% | |
| AUM | $216M | $496.3B | |
| Dividend Yield | 3.27% | 0.44% | |
| Holdings | 1,807 | 108 | |
| YTD Return | +0.28% | +16.64% | |
| 1Y Return | +4.62% | +27.27% | |
| 3Y Return (annualized) | +3.24% | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 6.3% | 30.6% | |
| Max Drawdown | -7.6% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 1, 2023 | Mar 10, 1999 |
BSMW vs QQQ Performance
Invesco BulletShares 2032 Municipal Bond ETF (BSMW) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year BSMW returned +4.62% while QQQ returned +27.27%. Year to date, BSMW is up 0.28% versus a gain of 16.64% for QQQ.
Over three years, BSMW compounded at +3.24% per year against +25.96% for QQQ. Across the full 4-year window we track, QQQ has the edge at +13.03% annualized vs +2.99%. 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 6.3% for BSMW. 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 -7.6% for BSMW 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 0.58. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSMW charges 0.18% per year while QQQ charges 0.18%. On a $10,000 position that is $18 vs $18 annually. On income, BSMW currently yields 3.27% against 0.44% for QQQ.
Holdings Overlap
BSMW and QQQ share 0 holdings out of 655 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, BSMW or QQQ?
BSMW 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, BSMW or QQQ?
Over the past year BSMW returned +4.62% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (4 years), BSMW annualized +2.99% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, BSMW or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 6.3% for BSMW. Worst drawdown: BSMW -7.6% vs QQQ -83.0%.
Should I hold both BSMW and QQQ?
BSMW and QQQ have a monthly-return correlation of 0.58, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSMW and QQQ?
BSMW and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 655 unique securities.
Which pays a higher dividend, BSMW or QQQ?
BSMW yields 3.27% while QQQ yields 0.44%, so BSMW currently pays the higher dividend yield.
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