BNDY vs BSMW
Comparison between HORIZON CORE BOND ETF (BNDY, ETF) and Invesco BulletShares 2032 Municipal Bond ETF (BSMW, ETF).
BNDY vs BSMW - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
BNDY
$202M
Winner
BSMW
$202M
Expense Ratio
BNDY
0.66%
Winner
BSMW
0.18%
Max Drawdown
Winner
BNDY
4.53%
BSMW
9.40%
Sharpe Ratio
BNDY
0.58
Winner
BSMW
0.90
5Y Beta
BNDY
0.23
Winner
BSMW
-0.03
BNDY vs BSMW - Historical Returns
Returns include dividend reinvestment.
1M
BNDY
+0.89%
Winner
BSMW
+1.24%
3M
BNDY
+0.01%
Winner
BSMW
+0.68%
6M
Winner
BNDY
+1.58%
BSMW
+1.57%
1Y
Winner
BNDY
+6.27%
BSMW
+6.04%
Max(CAGR)
Winner
BNDY
+6.57%
BSMW
+3.45%
BNDY vs BSMW - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | BNDY | BSMW |
|---|---|---|
| 2026 | +0.91% | +1.22% |
| 2025 | +5.33% | +3.34% |
| 2024 | N/A | -0.17% |
| 2023 | N/A | +7.00% |
BNDY vs BSMW Drawdown Comparison
The maximum drawdown for BNDY was -3.93%, occurring on Mar 27, 2026. This drawdown has not yet recovered.
The maximum drawdown for BSMW was -7.58%, occurring on Oct 25, 2023. Recovery took 164 trading sessions.
The current BNDY drawdown is -1.14%. The current BSMW drawdown is -0.86%.
| Rank | BNDY | BSMW |
|---|---|---|
| #1 | -3.93% Feb 27, 2026 - Mar 27, 2026 | -7.58% Apr 12, 2023 - Dec 5, 2023 |
| #2 | -1.30% Oct 28, 2025 - Nov 26, 2025 | -6.44% Dec 3, 2024 - Sep 15, 2025 |
| #3 | -0.98% Jul 10, 2025 - Jul 22, 2025 | -3.48% Dec 27, 2023 - Aug 2, 2024 |
| #4 | -0.93% Jan 14, 2026 - Feb 2, 2026 | -3.20% Oct 1, 2024 - Dec 3, 2024 |
| #5 | -0.80% Nov 26, 2025 - Dec 24, 2025 | -2.92% Feb 27, 2026 - Mar 26, 2026 |
| #6 | -0.72% Sep 15, 2025 - Oct 2, 2025 | -1.45% Aug 5, 2024 - Oct 1, 2024 |
| #7 | -0.59% Aug 13, 2025 - Aug 22, 2025 | -0.69% Mar 17, 2023 - Mar 24, 2023 |
| #8 | -0.58% Jul 3, 2025 - Jul 9, 2025 | -0.49% Sep 17, 2025 - Oct 7, 2025 |
| #9 | -0.56% Feb 2, 2026 - Feb 9, 2026 | -0.37% Nov 11, 2025 - Dec 29, 2025 |
| #10 | -0.49% Aug 28, 2025 - Sep 4, 2025 | -0.37% Apr 6, 2023 - Apr 11, 2023 |
| #11 | -0.39% Jan 7, 2026 - Jan 14, 2026 | -0.34% Mar 13, 2023 - Mar 15, 2023 |
| #12 | -0.35% Oct 2, 2025 - Oct 10, 2025 | -0.30% Mar 1, 2023 - Mar 6, 2023 |
| #13 | -0.32% Jul 22, 2025 - Jul 29, 2025 | -0.27% Dec 6, 2023 - Dec 13, 2023 |
| #14 | -0.31% Feb 13, 2026 - Feb 24, 2026 | -0.26% Oct 22, 2025 - Nov 11, 2025 |
| #15 | -0.27% Dec 29, 2025 - Jan 6, 2026 | -0.23% Dec 20, 2023 - Dec 27, 2023 |
Correlation
Correlation between BNDY and BSMW is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2023 - 2026)
BNDY vs BSMW dividend yield comparison.
| Year | BNDY | BSMW |
|---|---|---|
| 2026 | 2.91% | 1.31% |
| 2025 | 1.89% | 3.24% |
| 2024 | 0.00% | 3.48% |
| 2023 | 0.00% | 2.36% |
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