PHEQ vs BSMY
Comparison between PARAMETRIC HEDGED EQUITY ETF (PHEQ, ETF) and Invesco BulletShares 2034 Municipal Bond ETF (BSMY, ETF).
PHEQ vs BSMY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PHEQ
$140M
BSMY
$140M
Expense Ratio
PHEQ
0.29%
Winner
BSMY
0.18%
Max Drawdown
PHEQ
12.74%
Winner
BSMY
7.98%
Sharpe Ratio
Winner
PHEQ
1.22
BSMY
0.58
5Y Beta
PHEQ
0.53
Winner
BSMY
0.06
P/E Ratio
PHEQ
30.68
BSMY
N/A
Forward P/E
PHEQ
21.79
BSMY
N/A
5Y EPS CAGR
PHEQ
25.86%
BSMY
N/A
Debt to Equity
PHEQ
39.86%
BSMY
N/A
P/S Ratio
PHEQ
3.79
BSMY
N/A
P/B Ratio
PHEQ
5.88
BSMY
N/A
PHEQ vs BSMY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PHEQ
+0.32%
BSMY
-1.90%
3M
Winner
PHEQ
+2.59%
BSMY
-1.54%
6M
Winner
PHEQ
+5.16%
BSMY
-1.07%
1Y
Winner
PHEQ
+11.40%
BSMY
+6.02%
Max(CAGR)
Winner
PHEQ
+14.51%
BSMY
+0.81%
PHEQ vs BSMY - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | PHEQ | BSMY |
|---|---|---|
| 2026 | +5.16% | -0.56% |
| 2025 | +11.81% | +3.39% |
| 2024 | +15.16% | -1.86% |
| 2023 | +7.19% | N/A |
PHEQ vs BSMY Drawdown Comparison
The maximum drawdown for PHEQ was -12.55%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.
The maximum drawdown for BSMY was -6.81%, occurring on Apr 11, 2025. Recovery took 210 trading sessions.
The current PHEQ drawdown is -1.04%. The current BSMY drawdown is -2.58%.
| Rank | PHEQ | BSMY |
|---|---|---|
| #1 | -12.55% Feb 19, 2025 - Jun 26, 2025 | -6.81% Dec 6, 2024 - Oct 10, 2025 |
| #2 | -4.26% Jan 12, 2026 - Apr 13, 2026 | -3.55% Oct 1, 2024 - Dec 2, 2024 |
| #3 | -4.11% Jul 10, 2024 - Aug 19, 2024 | -3.31% Feb 27, 2026 - Jul 6, 2026 |
| #4 | -2.60% Oct 19, 2023 - Nov 2, 2023 | -2.58% Jul 6, 2026 - Jul 23, 2026 |
| #5 | -2.14% Nov 11, 2025 - Nov 28, 2025 | -0.67% Nov 11, 2025 - Jan 2, 2026 |
| #6 | -1.74% Mar 28, 2024 - May 6, 2024 | -0.51% Jan 14, 2026 - Feb 3, 2026 |
| #7 | -1.70% Aug 29, 2024 - Sep 12, 2024 | -0.38% Sep 16, 2024 - Oct 1, 2024 |
| #8 | -1.70% Dec 26, 2024 - Jan 17, 2025 | -0.26% Oct 28, 2025 - Nov 11, 2025 |
| #9 | -1.41% Oct 8, 2025 - Oct 20, 2025 | -0.21% Feb 10, 2026 - Feb 13, 2026 |
| #10 | -1.37% Dec 6, 2024 - Dec 24, 2024 | -0.18% Dec 4, 2024 - Dec 6, 2024 |
| #11 | -1.30% Jul 28, 2025 - Aug 12, 2025 | -0.16% Feb 5, 2026 - Feb 10, 2026 |
| #12 | -1.25% Jun 4, 2026 - Jun 29, 2026 | -0.12% Feb 19, 2026 - Feb 24, 2026 |
| #13 | -1.04% Jul 15, 2026 - Jul 23, 2026 | -0.08% Jan 9, 2026 - Jan 14, 2026 |
| #14 | -1.02% Nov 11, 2024 - Nov 22, 2024 | -0.08% Sep 11, 2024 - Sep 13, 2024 |
| #15 | -0.95% Oct 29, 2024 - Nov 6, 2024 | -0.07% Jan 7, 2026 - Jan 9, 2026 |
Correlation
Correlation between PHEQ and BSMY is 0.76 which considered as a strong positive correlation - the stocks tend to move together.
0.76
-101
Dividend Comparison (2023 - 2026)
PHEQ vs BSMY dividend yield comparison.
| Year | PHEQ | BSMY |
|---|---|---|
| 2026 | 0.22% | 2.14% |
| 2025 | 1.19% | 3.31% |
| 2024 | 1.39% | 0.79% |
| 2023 | 1.73% | 0.00% |
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