SMB vs BSMS

Comparison between VANECK SHORT MUNI ETF (SMB, ETF) and INVESCO BULLETSHARES 2028 MUNICIPAL BOND ETF (BSMS, ETF).

5-Year PerformanceSMB has outperformed BSMS, delivering a return of +1.2% compared to +0.0%

SMB vs BSMS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	SMB(ETF)	BSMS(ETF)
Net Assets	$305M	$304M
Expense Ratio	0.07%	0.18%
Max Drawdown	12.64%	16.51%
Sharpe Ratio	-0.05	0.08
5Y Beta	0.00	0.01
5Y Dividends CAGR	13.74%	10.28%

Net Assets

Winner

SMB

$305M

BSMS

$304M

Expense Ratio

Winner

SMB

0.07%

BSMS

0.18%

Max Drawdown

Winner

SMB

12.64%

BSMS

16.51%

Sharpe Ratio

SMB

-0.05

Winner

BSMS

0.08

5Y Beta

Winner

SMB

0.00

BSMS

0.01

5Y Dividends CAGR

Winner

SMB

13.74%

BSMS

10.28%

SMB vs BSMS - Historical Returns

Returns include dividend reinvestment.

Period	SMB	BSMS
1 month	+0.96%	+0.54%
3 months	+0.41%	+0.21%
6 months	+1.40%	+1.31%
1 year	+3.77%	+4.08%
5 years(CAGR)	+1.22%	+0.05%
10 years(CAGR)	+1.52%	N/A
Max(CAGR)	+2.04%	+1.19%

Winner

SMB

+0.96%

BSMS

+0.54%

Winner

SMB

+0.41%

BSMS

+0.21%

Winner

SMB

+1.40%

BSMS

+1.31%

SMB

+3.77%

Winner

BSMS

+4.08%

5Y(CAGR)

Winner

SMB

+1.22%

BSMS

+0.05%

10Y(CAGR)

SMB

+1.52%

BSMS

N/A

Max(CAGR)

Winner

SMB

+2.04%

BSMS

+1.19%

SMB vs BSMS - Annual Returns (2008 - 2026)

Returns include dividend reinvestment.

Year	SMB	BSMS
2026	+0.73%	+0.91%
2025	+4.55%	+3.52%
2024	+2.47%	+1.13%
2023	+3.14%	+4.78%
2022	-4.35%	-9.86%
2021	+0.06%	+1.34%
2020	+3.36%	+6.50%
2019	+4.48%	+0.22%
2018	+1.75%	N/A
2017	+0.69%	N/A
2016	-0.39%	N/A
2015	+1.20%	N/A
2014	+1.09%	N/A
2013	+0.53%	N/A
2012	+1.47%	N/A
2011	+5.37%	N/A
2010	+1.32%	N/A
2009	+7.86%	N/A
2008	+2.14%	N/A

SMB vs BSMS Drawdown Comparison

The maximum drawdown for SMB was -12.64%, occurring on Mar 19, 2020. Recovery took 65 trading sessions.

The maximum drawdown for BSMS was -14.95%, occurring on Oct 31, 2022. This drawdown has not yet recovered.

The current SMB drawdown is -0.02%. The current BSMS drawdown is -0.96%.

Rank	SMB	BSMS
#1	-12.64% Mar 9, 2020 - Jun 10, 2020	-14.95% Jul 19, 2021 - Oct 31, 2022
#2	-7.48% Jul 20, 2021 - Aug 20, 2024	-14.01% Feb 27, 2020 - Jul 16, 2020
#3	-5.58% Sep 11, 2008 - Jan 6, 2009	-2.92% Feb 12, 2021 - Jun 8, 2021
#4	-4.11% Aug 26, 2010 - May 17, 2011	-2.40% Aug 10, 2020 - Nov 25, 2020
#5	-4.10% Aug 2, 2016 - Aug 4, 2017	-1.09% Sep 26, 2019 - Dec 3, 2019
#6	-4.07% May 1, 2013 - Feb 14, 2014	-0.66% Jun 10, 2021 - Jul 7, 2021
#7	-3.84% Jan 29, 2009 - May 22, 2009	-0.55% Jan 6, 2021 - Jan 28, 2021
#8	-2.46% Aug 30, 2017 - Dec 24, 2018	-0.43% Jan 31, 2020 - Feb 18, 2020
#9	-2.37% Apr 10, 2008 - Aug 12, 2008	-0.39% Jul 16, 2020 - Jul 20, 2020
#10	-1.96% Oct 2, 2009 - Nov 27, 2009	-0.32% Dec 4, 2019 - Dec 18, 2019
#11	-1.80% Feb 28, 2025 - May 23, 2025	-0.23% Dec 18, 2019 - Jan 2, 2020
#12	-1.79% Feb 5, 2015 - Oct 16, 2015	-0.16% Jan 17, 2020 - Jan 31, 2020
#13	-1.62% May 22, 2009 - Jul 13, 2009	-0.13% Nov 25, 2020 - Dec 7, 2020
#14	-1.53% Jan 8, 2009 - Jan 12, 2009	-0.13% Jul 8, 2021 - Jul 14, 2021
#15	-1.49% Mar 12, 2010 - May 26, 2010	-0.11% Dec 29, 2020 - Jan 4, 2021

Correlation

Correlation between SMB and BSMS is 0.82 which considered as a strong positive correlation - the stocks tend to move together.

0.82

-101

Dividend Comparison (2008 - 2026)

SMB vs BSMS dividend yield comparison.

Year	SMB	BSMS
2026	1.13%	1.14%
2025	2.63%	2.79%
2024	2.38%	2.81%
2023	1.83%	2.58%
2022	1.32%	1.56%
2021	1.24%	1.49%
2020	1.50%	1.61%
2019	1.58%	0.46%
2018	1.49%	0.00%
2017	1.23%	0.00%
2016	1.12%	0.00%
2015	1.13%	0.00%
2014	1.21%	0.00%
2013	1.38%	0.00%
2012	1.64%	0.00%
2011	1.93%	0.00%
2010	2.40%	0.00%
2009	2.38%	0.00%
2008	2.34%	0.00%