Invesco BulletShares 2033 Municipal Bond ETF (BSSX) Performance
BSSX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −1.9% since Dec 31, 2025
- 1 year
- −1.2% total return
- 3 years
- +4.4% a year
- Since first price
- +2.9% a year since 2023
BSSX trailing returns vs AGG, TLT, SPY
| Period | BSSX total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +1.6% | +1.3% | +0.9% | +1.5% | −1.0% |
| 3 months | −1.4% | −2.3% | −0.4% | −1.0% | +3.2% |
| 6 months | −2.6% | −4.3% | −1.5% | −3.8% | +7.8% |
| YTD | −1.9% | −4.6% | −1.0% | −3.4% | +12.3% |
| 1 year | −1.2% | −4.4% | −1.1% | −6.9% | +14.4% |
| 3 years | +13.9%+4.4%/yr | +3.1% | +16.6%+5.2%/yr | +9.7%+3.1%/yr | +87.4%+23.3%/yr |
| Since inceptionSep 20, 2023 | +9.3%+2.9%/yr | −1.4% | — | — | — |
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: BSSX vs AGG
From Sep 20, 2023: BSSX grew to $10,932, AGG to $11,330.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BSSX returns by calendar year
1 of 2 full years positive. Best 2025 (+3.8%), worst 2024 (−0.1%). 2026 is year to date.
BSSX annual returns table
| Year | BSSX | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | −1.9% | −7.2% | −1.0% | −3.4% | +12.3% |
| 2025 | +3.8% | −5.8% | +7.2% | +4.3% | +17.7% |
| 2024 | −0.1% | −7.0% | +1.3% | −8.1% | +24.9% |
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.
BSSX largest drawdowns
Now 3.9% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 22, 2024 | −8.1% | Apr 11, 2025 | Jan 9, 2026 | 1.1 years | 1.9 years |
| Feb 26, 2026 | −7.2% | Sep 29, 2026 | not yet | 7 months | 8 months so far |
Declines from a closing high (distributions reinvested) of 5% or more. Underwater = time from the peak until the old high was regained.
BSSX risk statistics
| Statistic | 3 years |
|---|---|
| Annualized return | +2.9% |
| Volatility (annualized) | 7.1% |
| Sharpe ratio | -0.18 |
| Sortino ratio | -0.27 |
| Best month | +7.5% |
| Worst month | −3.9% |
| Best 12 months | +11.5% |
| Worst 12 months | −2.6% |
| Positive months | 58% |
| Beta vs S&P 500 | 0.36 |
| Correlation with S&P 500 | 0.64 |
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.
BSSX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 26 | −2.6% | +2.6% | +11.5% | 69% |
| 3-year (a year) | 2 | +2.9% | +3.6% | +4.4% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
BSSX performance overview
Invesco BulletShares 2033 Municipal Bond ETF (BSSX) returned −1.2% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +2.9% a year, turning $10,000 into about $10,932. Over the same year U.S. bonds (AGG) returned −1.1%.
The deepest decline was −8.1%, from Feb 22, 2024 to Apr 11, 2025, and it took 9 months to get back to the old high. Volatility has been 7.1% a year.
Related: BSSX chart, BSSX dividends, BSSX bond profile. See the BSSX overview for the latest quote and fund facts.
BSSX performance FAQ
What is the BSSX return over the past year?
BSSX returned −1.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 4.4%.
How much would $10,000 invested in BSSX be worth?
$10,000 invested in BSSX at its first recorded close on September 20, 2023 would be worth about $10,932 on October 23, 2026 with distributions reinvested.
What was the worst year for BSSX?
The worst calendar year was 2024, with a total return of −0.1%. The best was 2025 at +3.8%.
What is the biggest drawdown of BSSX?
The largest peak-to-trough decline was −8.1% between February 22, 2024 and April 11, 2025. It recovered to the old high on January 9, 2026, 9 months after the bottom.
How volatile is BSSX?
Over the past 3 years BSSX had an annualized volatility of 7.1% and a Sharpe ratio of -0.18 (excess return over 1–3 month T-bills per unit of risk).