PMIO vs BSMZ
Comparison between PGIM MUNICIPAL INCOME OPPORTUNITIES ETF (PMIO, ETF) and Invesco BulletShares 2035 Municipal Bond ETF (BSMZ, ETF).
PMIO vs BSMZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
PMIO
$48M
BSMZ
$48M
Expense Ratio
PMIO
0.25%
Winner
BSMZ
0.18%
Max Drawdown
PMIO
4.59%
Winner
BSMZ
3.55%
Sharpe Ratio
Winner
PMIO
1.24
BSMZ
0.26
5Y Beta
Winner
PMIO
0.01
BSMZ
0.10
PMIO vs BSMZ - Historical Returns
Returns include dividend reinvestment.
1M
PMIO
+0.59%
Winner
BSMZ
+0.64%
3M
PMIO
+0.86%
Winner
BSMZ
+1.51%
6M
Winner
PMIO
+2.01%
BSMZ
+2.01%
1Y
PMIO
+6.46%
BSMZ
N/A
Max(CAGR)
Winner
PMIO
+4.84%
BSMZ
+4.71%
PMIO vs BSMZ - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | PMIO | BSMZ |
|---|---|---|
| 2026 | +1.64% | +1.32% |
| 2025 | +5.12% | +1.82% |
| 2024 | +2.41% | N/A |
PMIO vs BSMZ Drawdown Comparison
The maximum drawdown for PMIO was -3.39%, occurring on Apr 11, 2025. Recovery took 130 trading sessions.
The maximum drawdown for BSMZ was -3.27%, occurring on Mar 24, 2026. This drawdown has not yet recovered.
The current PMIO drawdown is -0.30%. The current BSMZ drawdown is -0.59%.
| Rank | PMIO | BSMZ |
|---|---|---|
| #1 | -3.39% Feb 26, 2025 - Sep 3, 2025 | -3.27% Feb 27, 2026 - Mar 24, 2026 |
| #2 | -2.24% Feb 27, 2026 - Mar 27, 2026 | -0.84% Nov 26, 2025 - Jan 6, 2026 |
| #3 | -2.15% Dec 6, 2024 - Feb 21, 2025 | -0.65% Nov 11, 2025 - Nov 26, 2025 |
| #4 | -1.46% Oct 3, 2024 - Nov 25, 2024 | -0.61% Jan 14, 2026 - Feb 2, 2026 |
| #5 | -0.48% Oct 27, 2025 - Nov 28, 2025 | -0.61% Oct 28, 2025 - Nov 11, 2025 |
| #6 | -0.43% Aug 2, 2024 - Aug 21, 2024 | -0.44% Sep 17, 2025 - Oct 2, 2025 |
| #7 | -0.32% Nov 28, 2025 - Dec 26, 2025 | -0.22% Feb 9, 2026 - Feb 12, 2026 |
| #8 | -0.27% Sep 17, 2025 - Oct 2, 2025 | -0.14% Jan 7, 2026 - Jan 14, 2026 |
| #9 | -0.21% Jan 15, 2026 - Jan 28, 2026 | -0.14% Oct 21, 2025 - Oct 28, 2025 |
| #10 | -0.21% Sep 13, 2024 - Sep 27, 2024 | -0.10% Feb 19, 2026 - Feb 23, 2026 |
| #11 | -0.18% Jul 23, 2024 - Jul 26, 2024 | -0.06% Feb 24, 2026 - Feb 26, 2026 |
| #12 | -0.18% Sep 27, 2024 - Oct 3, 2024 | -0.06% Oct 2, 2025 - Oct 7, 2025 |
| #13 | -0.14% Aug 23, 2024 - Sep 3, 2024 | -0.06% Feb 3, 2026 - Feb 5, 2026 |
| #14 | -0.14% Feb 5, 2026 - Feb 9, 2026 | -0.04% Feb 5, 2026 - Feb 9, 2026 |
| #15 | -0.11% Jun 28, 2024 - Jul 2, 2024 | -0.02% Oct 16, 2025 - Oct 20, 2025 |
Correlation
Correlation between PMIO and BSMZ is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
0.97
-101
Dividend Comparison (2024 - 2026)
PMIO vs BSMZ dividend yield comparison.
| Year | PMIO | BSMZ |
|---|---|---|
| 2026 | 1.62% | 1.35% |
| 2025 | 4.00% | 0.68% |
| 2024 | 2.11% | 0.00% |
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