BSMW vs VOO
Invesco BulletShares 2032 Municipal Bond ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. BSMW offers more diversification with 584 holdings.
Side-by-Side Comparison
| Metric | BSMW | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $212M | $979.0B | |
| Dividend Yield | 3.19% | 1.09% | |
| Holdings | 1,769 | 509 | |
| YTD Return | +0.76% | +13.72% | |
| 1Y Return | +4.97% | +21.63% | |
| 3Y Return (annualized) | +3.01% | +21.55% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 6.4% | 14.1% | |
| Max Drawdown | -7.6% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 1, 2023 | Sep 7, 2010 |
BSMW vs VOO Performance
Invesco BulletShares 2032 Municipal Bond ETF (BSMW) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year BSMW returned +4.97% while VOO returned +21.63%. Year to date, BSMW is up 0.76% versus a gain of 13.72% for VOO.
Over three years, BSMW compounded at +3.01% per year against +21.55% for VOO. Across the full 3-year window we track, VOO has the edge at +13.56% annualized vs +3.16%. 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 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 -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 0.70. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BSMW 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, BSMW currently yields 3.19% against 1.09% for VOO.
Holdings Overlap
BSMW and VOO share 0 holdings out of 1089 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 VOO?
BSMW 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, BSMW or VOO?
Over the past year BSMW returned +4.97% vs +21.63% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (3 years), BSMW annualized +3.16% vs +13.56% for VOO. Past performance does not guarantee future results.
Which is riskier, BSMW or VOO?
VOO has been the more volatile fund at 14.1% annualized versus 6.4% for BSMW. Worst drawdown: BSMW -7.6% vs VOO -34.3%.
Should I hold both BSMW and VOO?
BSMW and VOO have a monthly-return correlation of 0.70, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSMW and VOO?
BSMW and VOO share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1089 unique securities.
Which pays a higher dividend, BSMW or VOO?
BSMW yields 3.19% while VOO yields 1.09%, so BSMW currently pays the higher dividend yield.
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