BSMW vs VYM
Invesco BulletShares 2032 Municipal Bond ETF vs Vanguard High Dividend Yield ETF
Which is better, BSMW or VYM?
Long Term Municipal Bond against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y, 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | BSMW | VYM |
|---|---|---|
| Expense Ratio | 0.18% | 0.04%Best |
| AUM | $215M | $81.6B |
| Dividend Yield | 3.29% | 2.22% |
| Holdings | 1,807 | 613 |
| YTD Return | -1.99% | +11.35%Best |
| 1Y Return | -0.57% | +15.34%Best |
| 3Y Return (annualized) | +2.68% | +17.22%Best |
| 5Y Return (annualized) | - | +12.30% |
| Volatility (annualized) | 6.4%Best | 11.4% |
| Max Drawdown | -7.6%Best | -14.5% |
| $10,000 over 3.6 years | $10,842 | $16,570Best |
| Fund Family | Invesco (US) | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | Long Term Municipal Bond | Large Cap Value |
| Inception | Mar 1, 2023 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 3.6 years row, are measured over the window both funds cover: Mar 1, 2023 to Sep 18, 2026 (3.6 years).
BSMW vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.6 years both funds cover.
BSMW vs VYM Performance
Invesco BulletShares 2032 Municipal Bond ETF (BSMW) is an ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year BSMW returned -0.57% while VYM returned +15.34%. Year to date, BSMW is down 1.99% versus a gain of 11.35% for VYM.
Over three years, BSMW compounded at +2.68% per year against +17.22% for VYM. Across the full 4-year window we track, VYM has the edge at +15.06% annualized vs +2.27%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 11.4% 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 -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.68. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BSMW charges 0.18% per year while VYM charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, BSMW currently yields 3.29% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 553 holdings in BSMW and 557 in VYM, totalling 29.4% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 553 positions we hold weights for in BSMW and 557 in VYM, against full books of 1,807 and 613.
You are not choosing between two funds in isolation.
Whichever of BSMW and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BSMW or VYM?
BSMW has an expense ratio of 0.18% while VYM charges 0.04%. VYM is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, BSMW or VYM?
Over the past year BSMW returned -0.57% vs +15.34% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (4 years), BSMW annualized +2.27% vs +15.06% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BSMW or VYM?
VYM has been the more volatile fund at 11.4% annualized versus 6.4% for BSMW. Worst drawdown: BSMW -7.6% vs VYM -14.5%.
Should I hold both BSMW and VYM?
BSMW and VYM have a monthly-return correlation of 0.68, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BSMW or VYM?
BSMW yields 3.29% while VYM yields 2.22%, so BSMW currently pays the higher dividend yield.
Is VYM better than BSMW?
VYM has a lower expense ratio. VYM led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.