BSMT vs FTF

Comparison between INVESCO BULLETSHARES 2029 MUNICIPAL BOND ETF (BSMT, ETF) and Franklin Ltd Duration Income Trust (FTF, ETF).

5-Year PerformanceFTF has outperformed BSMT, delivering a return of +2.1% compared to -0.1%

BSMT vs FTF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BSMT(ETF)	FTF(ETF)
Net Assets	$260M	$260M
Expense Ratio	0.18%	N/A
Max Drawdown	17.74%	63.23%
Sharpe Ratio	0.72	-0.24
5Y Beta	0.01	0.30
5Y Dividends CAGR	9.71%	-4.40%

Net Assets

BSMT

$260M

FTF

$260M

Expense Ratio

BSMT

0.18%

FTF

N/A

Max Drawdown

Winner

BSMT

17.74%

FTF

63.23%

Sharpe Ratio

Winner

BSMT

0.72

FTF

-0.24

5Y Beta

Winner

BSMT

0.01

FTF

0.30

5Y Dividends CAGR

Winner

BSMT

9.71%

FTF

-4.40%

BSMT vs FTF - Historical Returns

Returns include dividend reinvestment.

Period	BSMT	FTF
1 month	+0.35%	-0.91%
3 months	-0.06%	-1.25%
6 months	+1.37%	+0.75%
1 year	+5.06%	+1.01%
5 years(CAGR)	-0.14%	+2.13%
10 years(CAGR)	N/A	+3.75%
Max(CAGR)	+0.96%	+4.92%

Winner

BSMT

+0.35%

FTF

-0.91%

Winner

BSMT

-0.06%

FTF

-1.25%

Winner

BSMT

+1.37%

FTF

+0.75%

Winner

BSMT

+5.06%

FTF

+1.01%

5Y(CAGR)

BSMT

-0.14%

Winner

FTF

+2.13%

10Y(CAGR)

BSMT

N/A

FTF

+3.75%

Max(CAGR)

BSMT

+0.96%

Winner

FTF

+4.92%

BSMT vs FTF - Annual Returns (2003 - 2026)

Returns include dividend reinvestment.

Year	BSMT	FTF
2026	+0.87%	-1.24%
2025	+3.62%	+4.80%
2024	+0.36%	+17.84%
2023	+5.16%	+12.41%
2022	-10.94%	-22.54%
2021	+1.42%	+8.60%
2020	+6.96%	+9.26%
2019	-0.35%	+17.39%
2018	N/A	-14.85%
2017	N/A	+9.32%
2016	N/A	+20.34%
2015	N/A	-5.63%
2014	N/A	+0.29%
2013	N/A	-6.21%
2012	N/A	+17.68%
2011	N/A	+8.07%
2010	N/A	+18.35%
2009	N/A	+52.93%
2008	N/A	-20.82%
2007	N/A	-7.48%
2006	N/A	+17.38%
2005	N/A	-8.66%
2004	N/A	+8.08%
2003	N/A	-1.02%

BSMT vs FTF Drawdown Comparison

The maximum drawdown for BSMT was -16.19%, occurring on Oct 31, 2022. This drawdown has not yet recovered.

The maximum drawdown for FTF was -51.16%, occurring on Nov 21, 2008. Recovery took 587 trading sessions.

The current BSMT drawdown is -2.12%. The current FTF drawdown is -3.23%.

Rank	BSMT	FTF
#1	-16.19% Jul 19, 2021 - Oct 31, 2022	-51.16% May 31, 2007 - Sep 28, 2009
#2	-15.09% Feb 27, 2020 - Jul 23, 2020	-36.64% Aug 28, 2018 - Dec 18, 2020
#3	-3.42% Feb 11, 2021 - Jun 9, 2021	-28.55% Dec 28, 2021 - Sep 16, 2024
#4	-2.88% Aug 10, 2020 - Dec 8, 2020	-20.46% Feb 19, 2013 - Oct 21, 2016
#5	-2.14% Oct 9, 2019 - Jan 9, 2020	-17.04% Jul 8, 2011 - Mar 27, 2012
#6	-0.72% Jun 10, 2021 - Jul 6, 2021	-15.13% Mar 7, 2005 - Sep 15, 2006
#7	-0.53% Jan 6, 2021 - Jan 26, 2021	-14.73% Apr 29, 2010 - Sep 29, 2010
#8	-0.52% Sep 25, 2019 - Oct 9, 2019	-11.70% Mar 17, 2004 - Sep 3, 2004
#9	-0.47% Jan 31, 2020 - Feb 18, 2020	-11.58% Feb 19, 2025 - Jul 1, 2025
#10	-0.25% Jul 31, 2020 - Aug 4, 2020	-10.83% Oct 1, 2012 - Jan 2, 2013
#11	-0.15% Dec 28, 2020 - Dec 30, 2020	-8.82% May 24, 2012 - Jun 27, 2012
#12	-0.14% Jan 27, 2020 - Jan 31, 2020	-7.52% Oct 26, 2010 - Feb 11, 2011
#13	-0.13% Dec 21, 2020 - Dec 28, 2020	-6.54% Feb 10, 2026 - Mar 27, 2026
#14	-0.13% Aug 4, 2020 - Aug 10, 2020	-6.32% Sep 29, 2009 - Dec 14, 2009
#15	-0.10% Jul 28, 2020 - Jul 31, 2020	-6.09% Jan 26, 2018 - Aug 22, 2018

Correlation

Correlation between BSMT and FTF is 0.69 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.69

-101

Dividend Comparison (2003 - 2026)

BSMT vs FTF dividend yield comparison.

Year	BSMT	FTF
2026	1.13%	5.32%
2025	2.78%	12.00%
2024	2.80%	11.13%
2023	2.62%	11.41%
2022	1.65%	12.62%
2021	1.31%	10.26%
2020	1.82%	9.50%
2019	0.48%	10.73%
2018	0.00%	12.37%
2017	0.00%	10.86%
2016	0.00%	6.56%
2015	0.00%	6.94%
2014	0.00%	7.05%
2013	0.00%	6.90%
2012	0.00%	6.35%
2011	0.00%	7.73%
2010	0.00%	7.84%
2009	0.00%	7.95%
2008	0.00%	11.27%
2007	0.00%	8.71%
2006	0.00%	7.83%
2005	0.00%	9.04%
2004	0.00%	8.11%
2003	0.00%	2.03%