BSMZ vs SCHD
Invesco BulletShares 2035 Municipal Bond ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. BSMZ offers more diversification with 281 holdings.
Side-by-Side Comparison
| Metric | BSMZ | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.06% | |
| AUM | $55M | $103.7B | |
| Dividend Yield | 2.35% | 3.31% | |
| Holdings | 1,252 | 104 | |
| YTD Return | +0.50% | +25.58% | |
| 1Y Return | +2.60% | +31.06% | |
| 3Y Return (annualized) | - | +15.55% | |
| 5Y Return (annualized) | - | +9.61% | |
| Volatility (annualized) | - | 13.6% | |
| Max Drawdown | -3.3% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 17, 2025 | Oct 20, 2011 |
BSMZ vs SCHD Performance
Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year BSMZ returned +2.60% while SCHD returned +31.06%. Year to date, BSMZ is up 0.50% versus a gain of 25.58% for SCHD.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.3% for BSMZ and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
BSMZ charges 0.18% per year while SCHD charges 0.06%. On a $10,000 position that is $18 vs $6 annually, a gap of $12 per year that compounds over a long holding period. On income, BSMZ currently yields 2.35% against 3.31% for SCHD.
Holdings Overlap
BSMZ and SCHD share 0 holdings out of 381 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, BSMZ or SCHD?
BSMZ has an expense ratio of 0.18% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $12 per year of difference.
Which performed better, BSMZ or SCHD?
Over the past year BSMZ returned +2.60% vs +31.06% for SCHD, so SCHD leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between BSMZ and SCHD?
BSMZ and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 381 unique securities.
Which pays a higher dividend, BSMZ or SCHD?
BSMZ yields 2.35% while SCHD yields 3.31%, so SCHD currently pays the higher dividend yield.
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