BSSX vs VYM
Invesco BulletShares 2033 Municipal Bond ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 558 holdings.
Side-by-Side Comparison
| Metric | BSSX | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.04% | |
| AUM | $131M | $79.0B | |
| Dividend Yield | 3.29% | 2.86% | |
| Holdings | 1,365 | 568 | |
| YTD Return | +0.54% | +16.10% | |
| 1Y Return | +5.48% | +25.99% | |
| 3Y Return (annualized) | +4.51% | +18.29% | |
| 5Y Return (annualized) | - | +12.35% | |
| Volatility (annualized) | 6.7% | 14.6% | |
| Max Drawdown | -7.9% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Sep 20, 2023 | Nov 10, 2006 |
BSSX vs VYM Performance
Invesco BulletShares 2033 Municipal Bond ETF (BSSX) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year BSSX returned +5.48% while VYM returned +25.99%. Year to date, BSSX is up 0.54% versus a gain of 16.10% for VYM.
Over three years, BSSX compounded at +4.51% per year against +18.29% for VYM. Across the full 3-year window we track, VYM has the edge at +7.08% annualized vs +4.51%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% compared with 6.7% for BSSX. 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 -7.9% for BSSX and -58.8% for VYM. 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 0.64. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
BSSX 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, BSSX currently yields 3.29% against 2.86% for VYM.
Holdings Overlap
BSSX and VYM share 0 holdings out of 1010 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, BSSX or VYM?
BSSX has an expense ratio of 0.18% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $14 per year of difference.
Which performed better, BSSX or VYM?
Over the past year BSSX returned +5.48% vs +25.99% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (3 years), BSSX annualized +4.51% vs +7.08% for VYM. Past performance does not guarantee future results.
Which is riskier, BSSX or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 6.7% for BSSX. Worst drawdown: BSSX -7.9% vs VYM -58.8%.
Should I hold both BSSX and VYM?
BSSX and VYM have a monthly-return correlation of 0.64, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between BSSX and VYM?
BSSX and VYM share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1010 unique securities.
Which pays a higher dividend, BSSX or VYM?
BSSX yields 3.29% while VYM yields 2.86%, so BSSX currently pays the higher dividend yield.
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