BSMZ vs SPY
Invesco BulletShares 2035 Municipal Bond ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. BSMZ offers more diversification with 1,271 holdings.
Side-by-Side Comparison
| Metric | BSMZ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.09% | |
| AUM | $55M | $821.1B | |
| Dividend Yield | 2.76% | 1.01% | |
| Holdings | 1,271 | 505 | |
| YTD Return | -0.26% | +12.68% | |
| 1Y Return | +1.82% | +21.82% | |
| 3Y Return (annualized) | - | +21.98% | |
| 5Y Return (annualized) | - | +12.89% | |
| Volatility (annualized) | - | 15.3% | |
| Max Drawdown | -3.3% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Fixed Income | Equity | |
| Inception | Sep 17, 2025 | Jan 22, 1993 |
BSMZ vs SPY Performance
Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year BSMZ returned +1.82% while SPY returned +21.82%. Year to date, BSMZ is down 0.26% versus a gain of 12.68% for SPY.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was -3.3% for BSMZ and -56.5% for SPY. 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 SPY charges 0.09%. On a $10,000 position that is $18 vs $9 annually, a gap of $9 per year that compounds over a long holding period. On income, BSMZ currently yields 2.76% against 1.01% for SPY.
Holdings Overlap
BSMZ and SPY share 0 holdings out of 790 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 SPY?
BSMZ has an expense ratio of 0.18% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $9 per year of difference.
Which performed better, BSMZ or SPY?
Over the past year BSMZ returned +1.82% vs +21.82% for SPY, so SPY leads on 1-year performance. Past performance does not guarantee future results.
What is the holdings overlap between BSMZ and SPY?
BSMZ and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 790 unique securities.
Which pays a higher dividend, BSMZ or SPY?
BSMZ yields 2.76% while SPY yields 1.01%, so BSMZ currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.