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BSMW vs IBMO

Invesco BulletShares 2032 Municipal Bond ETF

BSMWCNasdaq

iShares iBonds Dec 2026 Term Muni Bond ETF

IBMOACboe

Overlap

No data

Expense ratio

IBMO −0.08pt a year

BSMW0.18%IBMO0.10%

Avg volume · 30D

IBMO 1.3×the volume

BSMW65.4KIBMO82.4K

3Y return · a year

BSMW +1.0pt

BSMW+4.5%IBMO+3.5%

BSMW vs IBMO Performance

Oct 31, 2025 – Oct 30, 2026

0.0%BSMW+2.7%IBMO

Oct 31, 2025 to Oct 30, 2026. BSMW 0.0%. IBMO +2.7%. Use the arrow keys to read each point.−4%−2%Oct 2025Apr 2026Oct 2026
Expense ratio
BSMW 0.18%
IBMO 0.10%, better
Fund size
BSMW $241M
IBMO $503M
1Y total return
BSMW 0.0%
IBMO +2.7%, better
Yield (12M)
BSMW 3.33%, better
IBMO 2.41%
Holdings
BSMW 2022
IBMO 295
Avg volume (30D)
BSMW 65.4K sh
IBMO 82.4K sh, better
NAV per share
BSMW $24.30
IBMO $25.66
52W range

ETF.net Grade

BSMW: Cost 45, Risk 36, Mission not scored, Tradability 55, Holdings 57, Durability 72. IBMO: Cost 87, Risk 72, Mission 100, Tradability 89, Holdings 21, Durability 94.
Pillar letters and Scores for BSMW, IBMO, with each pillar’s weight
PillarBSMWIBMO
Cost30% weightC45A87Higher
Mission25% weightNot scoredA100
Risk15% weightD36A72Higher
Tradability15% weightB55A89Higher
Holdings10% weightB57HigherF21
Durability5% weightA72A94Higher

Rank among Defined-Maturity Municipal funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. BSMW and IBMO are both graded against the same 32 Defined-Maturity Municipal funds, so their Grades compare head to head.

Defined-Maturity Municipal⁠

Category · 32 funds
See all 32 ›

IBMO ranks 4th and BSMW 18th of 32 funds in the Defined-Maturity Municipal Category.

  1. Rank 1AIBMPiShares iBonds Dec 2027 Term Muni Bond ETFScore 88
  2. Rank 2AIBMQiShares iBonds Dec 2028 Term Muni Bond ETFScore 87
  3. Rank 3AIBMRiShares iBonds Dec 2029 Term Muni Bond ETFScore 83
  4. Rank 4AIBMOiShares iBonds Dec 2026 Term Muni Bond ETFScore 82
  5. Rank 5AIBMTiShares iBonds Dec 2031 Term Muni Bond ETFScore 73
  6. Rank 17CBSMQInvesco BulletShares 2026 Municipal Bond ETFScore 49
  7. Rank 18CBSMWInvesco BulletShares 2032 Municipal Bond ETFScore 48
  8. Rank 19CBSMZInvesco BulletShares 2035 Municipal Bond ETFScore 45

Our read on each fund

ETF.net Research

BSMWCInvesco BulletShares 2032 Municipal Bond ETF

IBMOAiShares iBonds Dec 2026 Term Muni Bond ETF

In short

BSMW A rung of a municipal bond ladder in ETF form: investment-grade munis effectively maturing in 2032, after which the fund winds up and pays out. One bond's end date, with well over a thousand bonds inside.

IBMO No data

Stated mandate

BSMW The Fund tracks the investment results of the Invesco BulletShares Municipal Bond 2032 Index. The index covers investment-grade, U.S. dollar-denominated municipal bonds maturing or effectively maturing in 2032.

IBMO No data

Why people hold it

  • BSMW It has a finish line. The fund terminates on or about Dec. 15, 2032 and distributes proceeds, unlike an open-ended muni fund that rolls its portfolio forever.invesco.com
  • Over a thousand investment-grade munis from US state, agency and local issuers, held via index sampling. Assembling that spread bond by bond is a chore.invesco.com
  • Income arrives monthly, and the fund and index rebalance monthly as the portfolio walks toward its 2032 maturity year.invesco.com

IBMO No data

Worth knowing

  • BSMW The 0.18% fee runs above the typical target-maturity bond ETF, including Invesco's own corporate BulletShares rungs like BSCT and BSCU at 0.10%.
  • Thinly traded, so bid-ask spreads and order type can matter as much as the headline fee on any given trade.
  • In the final year, bonds mature and the portfolio shifts into cash and cash equivalents, so the yield generally drifts toward cash yields.invesco.com

IBMO No data

Full BSMW profile⁠

Full IBMO profile⁠

BSMW vs IBMO Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

BSMW vs IBMO Cost

Overpaying BSMW vs IBMO

$1,643

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BSMW 0.18%

    $3,749

  • IBMO 0.10%

    $2,106

$10,000
30 years

Cost over time

  • BSMW 0.18%
  • IBMO 0.10%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530BSMW $3,749IBMO $2,106

Year by year

YearBSMWIBMOOverpaying
10$328$183$145
20$1,281$717$564
30$3,749$2,106$1,643

Expense ratio

  • 0.18%BSMW
  • 0.10%IBMO, cheaper
  • Middle half of Defined-Maturity Municipal funds
  • Median 0.18%

IBMO cheapest of 32 funds

BSMW 10th cheapest of 32 funds

BSMW vs IBMO Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
BSMW 3.33%, better
IBMO 2.41%
Payout (12M)
BSMW $0.81
IBMO $0.62
Last payment
BSMW $0.07
IBMO $0.06
Ex-dividend
BSMW Oct 19, 2026
IBMO Oct 1, 2026
Paid on
BSMW Oct 23, 2026
IBMO Oct 6, 2026
Frequency
BSMW Monthly
IBMO Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

BSMWMonthly · 43 paymentsAll BSMW payments⁠
One bar per payment. 43 payments from 2023 to 2026 YTD. Apr 24, 2023 $0.07; May 22, 2023 $0.08; Jun 20, 2023 $0.08; Jul 24, 2023 $0.07; Aug 21, 2023 $0.06; Sep 18, 2023 $0.07; Oct 23, 2023 $0.06; Nov 20, 2023 $0.05; Dec 18, 2023 $0.06; Jan 22, 2024 $0.08; Feb 20, 2024 $0.07; Mar 18, 2024 $0.07; Apr 22, 2024 $0.07; May 20, 2024 $0.07; Jun 24, 2024 $0.07; Jul 22, 2024 $0.07; Aug 19, 2024 $0.08; Sep 23, 2024 $0.07; Oct 21, 2024 $0.08; Nov 18, 2024 $0.08; Dec 23, 2024 $0.07; Jan 21, 2025 $0.07; Feb 24, 2025 $0.07; Mar 24, 2025 $0.07; Apr 21, 2025 $0.07; May 19, 2025 $0.07; Jun 23, 2025 $0.07; Jul 21, 2025 $0.07; Aug 18, 2025 $0.07; Sep 22, 2025 $0.07; Oct 20, 2025 $0.07; Nov 24, 2025 $0.07; Dec 22, 2025 $0.06; Jan 20, 2026 $0.07; Feb 23, 2026 $0.07; Mar 23, 2026 $0.07; Apr 20, 2026 $0.07; May 18, 2026 $0.06; Jun 22, 2026 $0.07; Jul 20, 2026 $0.07; Aug 24, 2026 $0.07; Sep 21, 2026 $0.07; Oct 19, 2026 $0.07. Use the arrow keys to read each point.$0$0.0520232026YTD
IBMOMonthly · 45 paymentsAll IBMO payments⁠
One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.03; Mar 1, 2023 $0.04; Apr 3, 2023 $0.03; May 1, 2023 $0.03; Jun 1, 2023 $0.03; Jul 3, 2023 $0.04; Aug 1, 2023 $0.03; Sep 1, 2023 $0.03; Oct 2, 2023 $0.04; Nov 1, 2023 $0.04; Dec 1, 2023 $0.04; Dec 14, 2023 $0.04; Feb 1, 2024 $0.04; Mar 1, 2024 $0.05; Apr 1, 2024 $0.04; May 1, 2024 $0.04; Jun 3, 2024 $0.05; Jul 1, 2024 $0.05; Aug 1, 2024 $0.05; Sep 3, 2024 $0.05; Oct 1, 2024 $0.05; Nov 1, 2024 $0.05; Dec 2, 2024 $0.05; Dec 18, 2024 $0.05; Feb 3, 2025 $0.05; Mar 3, 2025 $0.05; Apr 1, 2025 $0.05; May 1, 2025 $0.05; Jun 2, 2025 $0.05; Jul 1, 2025 $0.05; Aug 1, 2025 $0.05; Sep 2, 2025 $0.05; Oct 1, 2025 $0.05; Nov 3, 2025 $0.05; Dec 1, 2025 $0.05; Dec 19, 2025 $0.05; Feb 2, 2026 $0.05; Mar 2, 2026 $0.05; Apr 1, 2026 $0.05; May 1, 2026 $0.05; Jun 1, 2026 $0.05; Jul 1, 2026 $0.05; Aug 3, 2026 $0.05; Sep 1, 2026 $0.05; Oct 1, 2026 $0.06. Use the arrow keys to read each point.$0$0.0520232026YTD

BSMW vs IBMO Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
BSMW 6.8%IBMO 1.6%, better
Return per unit of riskSharpe ratio, 3 years
BSMW 0.03, betterIBMO −0.66
Worst fallMax drawdown, 5 years
BSMW −7.6%since Mar 2023IBMO −8.3%
Market sensitivityBeta, 5 years
BSMW 1.16IBMO 0.27

BSMW and IBMO in the news

All news⁠

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