BSMW vs NRO
Comparison between Invesco BulletShares 2032 Municipal Bond ETF (BSMW, ETF) and Neuberger Berman Real Estate Securities Income Fund Inc (NRO, ETF).
BSMW vs NRO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
BSMW
$212M
NRO
$212M
Expense Ratio
BSMW
0.18%
NRO
N/A
Max Drawdown
Winner
BSMW
9.40%
NRO
95.78%
Sharpe Ratio
Winner
BSMW
0.06
NRO
0.01
5Y Beta
Winner
BSMW
-0.02
NRO
0.50
5Y Dividends CAGR
BSMW
N/A
NRO
-0.87%
BSMW vs NRO - Historical Returns
Returns include dividend reinvestment.
1M
Winner
BSMW
-0.07%
NRO
-2.91%
3M
BSMW
-0.37%
Winner
NRO
+1.46%
6M
BSMW
-2.01%
Winner
NRO
+1.30%
1Y
Winner
BSMW
+3.91%
NRO
+2.78%
5Y(CAGR)
BSMW
N/A
NRO
+0.77%
10Y(CAGR)
BSMW
N/A
NRO
+4.24%
Max(CAGR)
BSMW
+2.91%
Winner
NRO
+3.99%
BSMW vs NRO - Annual Returns (2003 - 2026)
Returns include dividend reinvestment.
| Year | BSMW | NRO |
|---|---|---|
| 2026 | +0.05% | +5.06% |
| 2025 | +3.34% | +1.42% |
| 2024 | -0.17% | +21.27% |
| 2023 | +7.00% | +11.57% |
| 2022 | N/A | -34.32% |
| 2021 | N/A | +43.19% |
| 2020 | N/A | -10.30% |
| 2019 | N/A | +50.08% |
| 2018 | N/A | -16.97% |
| 2017 | N/A | +13.72% |
| 2016 | N/A | +19.29% |
| 2015 | N/A | +1.39% |
| 2014 | N/A | +27.95% |
| 2013 | N/A | -2.47% |
| 2012 | N/A | +30.01% |
| 2011 | N/A | -1.57% |
| 2010 | N/A | +39.23% |
| 2009 | N/A | +79.01% |
| 2008 | N/A | -78.32% |
| 2007 | N/A | -23.13% |
| 2006 | N/A | +45.34% |
| 2005 | N/A | +3.24% |
| 2004 | N/A | +9.79% |
| 2003 | N/A | +0.01% |
BSMW vs NRO Drawdown Comparison
The maximum drawdown for BSMW was -7.58%, occurring on Oct 25, 2023. Recovery took 164 trading sessions.
The maximum drawdown for NRO was -92.77%, occurring on Mar 9, 2009. Recovery took 3026 trading sessions.
The current BSMW drawdown is -2.01%. The current NRO drawdown is -6.85%.
| Rank | BSMW | NRO |
|---|---|---|
| #1 | -7.58% Apr 12, 2023 - Dec 5, 2023 | -92.77% Jun 4, 2007 - Jun 11, 2019 |
| #2 | -6.44% Dec 3, 2024 - Sep 15, 2025 | -62.59% Feb 14, 2020 - Aug 31, 2021 |
| #3 | -3.48% Dec 27, 2023 - Aug 2, 2024 | -42.26% Dec 31, 2021 - Sep 4, 2024 |
| #4 | -3.20% Oct 1, 2024 - Dec 3, 2024 | -24.77% Sep 24, 2024 - Apr 8, 2025 |
| #5 | -2.92% Feb 27, 2026 - Mar 26, 2026 | -23.10% Mar 17, 2004 - Oct 6, 2004 |
| #6 | -1.45% Aug 5, 2024 - Oct 1, 2024 | -11.90% Aug 3, 2005 - Jan 9, 2006 |
| #7 | -0.69% Mar 17, 2023 - Mar 24, 2023 | -11.77% Feb 7, 2007 - May 9, 2007 |
| #8 | -0.49% Sep 17, 2025 - Oct 7, 2025 | -11.11% Dec 31, 2004 - Jun 7, 2005 |
| #9 | -0.37% Nov 11, 2025 - Dec 29, 2025 | -9.17% Mar 17, 2006 - Jul 11, 2006 |
| #10 | -0.37% Apr 6, 2023 - Apr 11, 2023 | -8.18% Sep 3, 2021 - Dec 27, 2021 |
| #11 | -0.34% Mar 13, 2023 - Mar 15, 2023 | -5.47% Nov 17, 2003 - Mar 3, 2004 |
| #12 | -0.30% Mar 1, 2023 - Mar 6, 2023 | -5.27% Jul 30, 2019 - Aug 19, 2019 |
| #13 | -0.27% Dec 6, 2023 - Dec 13, 2023 | -5.14% Nov 4, 2004 - Nov 16, 2004 |
| #14 | -0.26% Oct 22, 2025 - Nov 11, 2025 | -4.85% Oct 23, 2019 - Dec 13, 2019 |
| #15 | -0.23% Dec 20, 2023 - Dec 27, 2023 | -4.18% Oct 27, 2006 - Nov 20, 2006 |
Correlation
Correlation between BSMW and NRO is 0.81 which considered as a strong positive correlation - the stocks tend to move together.
0.81
-101
Dividend Comparison (2003 - 2026)
BSMW vs NRO dividend yield comparison.
| Year | BSMW | NRO |
|---|---|---|
| 2026 | 2.21% | 8.49% |
| 2025 | 3.24% | 12.27% |
| 2024 | 3.48% | 10.56% |
| 2023 | 2.36% | 11.75% |
| 2022 | 0.00% | 11.97% |
| 2021 | 0.00% | 7.11% |
| 2020 | 0.00% | 10.89% |
| 2019 | 0.00% | 8.61% |
| 2018 | 0.00% | 12.76% |
| 2017 | 0.00% | 9.31% |
| 2016 | 0.00% | 7.63% |
| 2015 | 0.00% | 7.18% |
| 2014 | 0.00% | 4.92% |
| 2013 | 0.00% | 5.53% |
| 2012 | 0.00% | 5.23% |
| 2011 | 0.00% | 6.41% |
| 2010 | 0.00% | 6.02% |
| 2009 | 0.00% | 10.83% |
| 2008 | 0.00% | 101.52% |
| 2007 | 0.00% | 25.37% |
| 2006 | 0.00% | 10.93% |
| 2005 | 0.00% | 10.61% |
| 2004 | 0.00% | 7.99% |
| 2003 | 0.00% | 0.67% |
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