Invesco BulletShares 2030 Municipal Bond ETF (BSMU) Performance
BSMU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.0% since Dec 31, 2025
- 1 year
- −0.5% total return
- 5 years
- −0.7% a year
- Since first price
- +0.0% a year since 2020
BSMU trailing returns vs AGG, TLT, SPY
| Period | BSMU total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.5% | +1.2% | +0.9% | +1.5% | −1.0% |
| 3 months | −0.7% | −1.4% | −0.4% | −1.0% | +3.2% |
| 6 months | −1.6% | −3.0% | −1.5% | −3.8% | +7.8% |
| YTD | −1.0% | −3.4% | −1.0% | −3.4% | +12.3% |
| 1 year | −0.5% | −3.3% | −1.1% | −6.9% | +14.4% |
| 3 years | +12.1%+3.9%/yr | +2.8% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| 5 years | −3.3%−0.7%/yr | −15.3% | −0.8%−0.2%/yr | −32.5%−7.6%/yr | +79.3%+12.4%/yr |
| Since inceptionOct 12, 2020 | +0.1%+0.0%/yr | −13.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BSMU vs AGG
From Oct 12, 2020: BSMU grew to $10,011, AGG to $9,772.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BSMU returns by calendar year
3 of 5 full years positive. Best 2023 (+6.3%), worst 2022 (−13.8%). 2026 is year to date.
BSMU annual returns table
| Year | BSMU | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −1.0% | −5.5% | −1.0% | −3.4% | +12.3% |
| 2025 | +4.3% | −4.6% | +7.2% | +4.3% | +17.7% |
| 2024 | −0.3% | −3.1% | +1.3% | −8.1% | +24.9% |
| 2023 | +6.3% | −7.2% | +5.7% | +2.8% | +26.2% |
| 2022 | −13.8% | −18.7% | −13.0% | −31.2% | −18.2% |
| 2021 | +1.9% | −3.8% | −1.8% | −4.6% | +28.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BSMU largest drawdowns
Now 6.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 19, 2021 | −19.5% | Oct 31, 2022 | not yet | 1.3 years | 5.3 years so far |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
BSMU risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +2.9% | −1.2% | −0.4% |
| Volatility (annualized) | 5.3% | 7.6% | 7.2% |
| Sharpe ratio | -0.26 | -0.61 | -0.44 |
| Sortino ratio | -0.38 | -0.78 | -0.57 |
| Best month | +6.1% | +6.2% | +6.2% |
| Worst month | −3.2% | −4.9% | −4.9% |
| Best 12 months | +9.1% | +9.1% | +9.1% |
| Worst 12 months | −2.0% | −17.3% | −17.3% |
| Positive months | 64% | 55% | 58% |
| Beta vs S&P 500 | 0.27 | 0.32 | — |
| Correlation with S&P 500 | 0.64 | 0.66 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BSMU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 61 | −17.3% | +1.9% | +9.1% | 69% |
| 3-year (a year) | 37 | −3.9% | +1.0% | +5.4% | 54% |
| 5-year (a year) | 13 | −1.2% | −0.6% | +0.2% | 15% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
BSMU performance overview
Invesco BulletShares 2030 Municipal Bond ETF (BSMU) returned −0.5% over the past year and −0.7% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +0.0% a year, turning $10,000 into about $10,011. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −19.5%, from Jul 19, 2021 to Oct 31, 2022; the fund has not yet regained that high. BSMU finished 3 of its 5 full calendar years with a gain; the best year was 2023 (+6.3%) and the worst 2022 (−13.8%). Volatility has been 7.2% a year.
Related: BSMU chart, BSMU dividends, BSMU bond profile. See the BSMU overview for the latest quote and fund facts.
BSMU performance FAQ
What is the BSMU return over the past year?
BSMU returned −0.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 3.3%.
What is the average annual return of BSMU?
BSMU has returned −0.7% a year over 5 years, +0.0% a year since October 12, 2020 (total return, distributions reinvested).
How much would $10,000 invested in BSMU be worth?
$10,000 invested in BSMU at its first recorded close on October 12, 2020 would be worth about $10,011 on October 23, 2026 with distributions reinvested.
What was the worst year for BSMU?
The worst calendar year was 2022, with a total return of −13.8%. The best was 2023 at +6.3%.
What is the biggest drawdown of BSMU?
The largest peak-to-trough decline was −19.5% between July 19, 2021 and October 31, 2022. It has not yet recovered to that high; it is 6.3% below its peak.
How volatile is BSMU?
Over the past 3 years BSMU had an annualized volatility of 5.3% and a Sharpe ratio of -0.26 (excess return over 1–3 month T-bills per unit of risk).