BSMR vs HAWX

Comparison between INVESCO BULLETSHARES 2027 MUNICIPAL BOND ETF (BSMR, ETF) and ISHARES CURRENCY HEDGED MSCI ACWI EX U.S. ETF (HAWX, ETF).

5-Year PerformanceHAWX has outperformed BSMR, delivering a return of +13.1% compared to +0.5%

BSMR vs HAWX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BSMR(ETF)	HAWX(ETF)
Net Assets	$346M	$346M
Expense Ratio	0.18%	0.35%
Max Drawdown	13.63%	30.63%
Sharpe Ratio	-0.59	1.50
5Y Beta	0.00	0.70
5Y Dividends CAGR	16.23%	11.79%

Net Assets

BSMR

$346M

HAWX

$346M

Expense Ratio

Winner

BSMR

0.18%

HAWX

0.35%

Max Drawdown

Winner

BSMR

13.63%

HAWX

30.63%

Sharpe Ratio

BSMR

-0.59

Winner

HAWX

1.50

5Y Beta

Winner

BSMR

0.00

HAWX

0.70

5Y Dividends CAGR

Winner

BSMR

16.23%

HAWX

11.79%

BSMR vs HAWX - Historical Returns

Returns include dividend reinvestment.

Period	BSMR	HAWX
1 month	+0.53%	+2.13%
3 months	+0.86%	+3.83%
6 months	+0.69%	+6.97%
1 year	+2.92%	+28.23%
5 years(CAGR)	+0.47%	+13.08%
10 years(CAGR)	N/A	+11.87%
Max(CAGR)	+1.27%	+10.07%

BSMR

+0.53%

Winner

HAWX

+2.13%

BSMR

+0.86%

Winner

HAWX

+3.83%

BSMR

+0.69%

Winner

HAWX

+6.97%

BSMR

+2.92%

Winner

HAWX

+28.23%

5Y(CAGR)

BSMR

+0.47%

Winner

HAWX

+13.08%

10Y(CAGR)

BSMR

N/A

HAWX

+11.87%

Max(CAGR)

BSMR

+1.27%

Winner

HAWX

+10.07%

BSMR vs HAWX - Annual Returns (2015 - 2026)

Returns include dividend reinvestment.

Year	BSMR	HAWX
2026	+1.57%	+15.76%
2025	+2.89%	+26.15%
2024	+1.69%	+15.37%
2023	+4.32%	+15.51%
2022	-7.56%	-9.23%
2021	+1.08%	+12.76%
2020	+4.93%	+5.43%
2019	+0.16%	+22.53%
2018	N/A	-10.09%
2017	N/A	+17.53%
2016	N/A	+9.29%
2015	N/A	-6.70%

BSMR vs HAWX Drawdown Comparison

The maximum drawdown for BSMR was -13.49%, occurring on Mar 23, 2020. Recovery took 112 trading sessions.

The maximum drawdown for HAWX was -30.63%, occurring on Mar 16, 2020. Recovery took 210 trading sessions.

The current BSMR drawdown is -0.11%. The current HAWX drawdown is -1.86%.

Rank	BSMR	HAWX
#1	-13.49% Mar 2, 2020 - Aug 10, 2020	-30.63% Jan 17, 2020 - Nov 16, 2020
#2	-12.01% Jul 19, 2021 - Nov 25, 2025	-19.32% Jul 15, 2015 - Jan 4, 2017
#3	-2.46% Feb 11, 2021 - Jun 9, 2021	-17.46% Nov 16, 2021 - Jun 13, 2023
#4	-2.10% Aug 10, 2020 - Dec 3, 2020	-15.51% Jan 26, 2018 - May 3, 2019
#5	-1.04% Oct 21, 2019 - Jan 6, 2020	-13.30% Mar 19, 2025 - May 12, 2025
#6	-0.67% Jun 15, 2021 - Jul 8, 2021	-9.39% Feb 25, 2026 - Apr 17, 2026
#7	-0.57% Feb 25, 2026 - Jun 3, 2026	-9.17% Jul 12, 2024 - Sep 26, 2024
#8	-0.43% Jan 31, 2020 - Feb 18, 2020	-8.09% Jul 31, 2023 - Dec 13, 2023
#9	-0.42% Aug 7, 2026 - Aug 21, 2026	-6.56% Jul 24, 2019 - Sep 13, 2019
#10	-0.36% Jul 9, 2026 - Aug 5, 2026	-5.56% Jun 22, 2026 - Jul 29, 2026
#11	-0.31% Jan 5, 2021 - Jan 26, 2021	-5.37% May 3, 2019 - Jul 2, 2019
#12	-0.27% Jan 26, 2026 - Feb 5, 2026	-5.10% Sep 7, 2021 - Nov 4, 2021
#13	-0.23% Jun 11, 2026 - Jun 18, 2026	-4.33% Jun 2, 2026 - Jun 15, 2026
#14	-0.23% Feb 10, 2026 - Feb 13, 2026	-4.21% Nov 12, 2025 - Dec 19, 2025
#15	-0.15% Jun 22, 2026 - Jul 9, 2026	-3.85% Feb 16, 2021 - Apr 1, 2021

Correlation

Correlation between BSMR and HAWX is 0.68 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.68

-101

Dividend Comparison (2015 - 2026)

BSMR vs HAWX dividend yield comparison.

Year	BSMR	HAWX
2026	1.81%	1.10%
2025	2.77%	2.80%
2024	2.78%	3.31%
2023	2.72%	2.95%
2022	1.40%	16.94%
2021	1.00%	2.63%
2020	1.49%	2.00%
2019	0.45%	3.23%
2018	0.00%	2.51%
2017	0.00%	2.40%
2016	0.00%	2.49%
2015	0.00%	3.86%