Invesco BulletShares (R) 2027 Municipal Bond ETF

10-Year Study

BSMR.US · · US · ETF

Executive Summary: Invesco BulletShares (R) 2027 Municipal Bond ETF has compounded at 1.2% annually over the last 10 years, with a maximum drawdown of 11.7% and an annualized volatility of 4.6%.

1Y CAGR
+4.1%
3Y CAGR
+2.9%
5Y CAGR
+0.4%
10Y CAGR
+1.2%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
11.7%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.61
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.81
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
5.2%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2020 · +5.0%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -7.6%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
86%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
20260.40.6-0.60.2————————0.6%
20250.50.7-0.7-0.3-0.20.90.40.40.70.20.20.33.1%
2024-0.20.0-0.2-0.7-0.30.90.90.40.3-0.00.8-0.51.5%
20232.2-1.91.8-0.3-0.70.6-0.1-0.6-1.7-0.63.81.94.5%
2022-2.7-0.6-2.8-2.51.2-0.72.4-2.2-3.3-0.54.20.0-7.6%
20210.4-1.90.71.00.40.40.5-0.2-0.7-0.10.60.11.1%
20202.31.5-4.8-2.83.51.82.2-0.3-0.4-0.61.90.95.0%
2019—————————-0.50.30.30.2%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 4.6%. The dominant macroeconomic risk driver is LQD.US, accounting for 42.5% of variance. Idiosyncratic stock-specific factors contribute 20.6%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2019-09-0110000
2019-10-019954.729360002058
2019-11-019985.194567801318
2019-12-0110015.686718271441
2020-01-0110241.42892801544
2020-02-0110397.50608209067
2020-03-019894.861007106609
2020-04-019620.306499823742
2020-05-019958.186713056732
2020-06-0110139.407462876476
2020-07-0110367.246855355752
2020-08-0110333.966573010466
2020-09-0110288.871494932344
2020-10-0110225.450185956575
2020-11-0110415.881852737966
2020-12-0110512.833750162525
2021-01-0110558.515483170739
2021-02-0110358.490487325125
2021-03-0110430.788971791198
2021-04-0110531.707525661592
2021-05-0110569.340353028947
2021-06-0110616.815077327205
2021-07-0110668.833552698821
2021-08-0110649.148889718606
2021-09-0110573.590342078054
2021-10-0110557.98358270079
2021-11-0110618.004031318855
2021-12-0110627.049815781662
2022-01-0110343.622478600568
2022-02-0110277.69637035291
2022-03-019992.576859617908
2022-04-019741.087016831
2022-05-019856.16437879935
2022-06-019788.858979627168
2022-07-0110019.596882020303
2022-08-019795.625066487559
2022-09-019476.529109556895
2022-10-019424.940847800677
2022-11-019817.761512516348
2022-12-019819.379811004987
2023-01-0110039.003427107733
2023-02-019853.120726110195
2023-03-0110033.989482971883
2023-04-0110002.10326656418
2023-05-019930.520935672026
2023-06-019988.819660710076
2023-07-019981.953625231967
2023-08-019924.248508071329
2023-09-019752.158716319054
2023-10-019696.322203750558
2023-11-0110067.356677158663
2023-12-0110258.006492662205
2024-01-0110235.822245120597
2024-02-0110236.733081219465
2024-03-0110219.026531751675
2024-04-0110152.45727587696
2024-05-0110126.748753162721
2024-06-0110214.830428044295
2024-07-0110307.986016232351
2024-08-0110351.248123573343
2024-09-0110384.00606575124
2024-10-0110382.165272948376
2024-11-0110463.927587834845
2024-12-0110412.405379078165
2025-01-0110463.221863681907
2025-02-0110535.386503912076
2025-03-0110461.795640362972
2025-04-0110433.618821350277
2025-05-0110412.56964245859
2025-06-0110502.851056048403
2025-07-0110543.166851962713
2025-08-0110587.573588256193
2025-09-0110663.070428489285
2025-10-0110681.982445198608
2025-11-0110707.758759149208
2025-12-0110735.859964859805
2026-01-0110778.047841839918
2026-02-0110840.350178238805
2026-03-0110778.379281885695
2026-04-0110803.8967097958
Annual Return Matrix
YearAnnual Return
20200.04963683927774487
20210.010864441342218534
2022-0.07600133797973241
20230.044669489326162326
20240.015051548907324408
20250.031064348150674492
20260.006337335356337626
Total Factor Risk
0.04577548882894299
VTI.US Exposure
0.10340212970176516
VEA.US Exposure
-0.05530801574426977
VWO.US Exposure
0.037358681303233936
QQQ.US Exposure
-0.0851343096104904
VTV.US Exposure
-0.03819344779396717
IJR.US Exposure
0.029057288823634137
QUAL.US Exposure
0.04850489111633433
SHV.US Exposure
0.2592234056049081
TLT.US Exposure
0.005690622453280815
LQD.US Exposure
0.42526933703854813
HYG.US Exposure
0.009111370255487434
GLD.US Exposure
0.004422235106248698
USO.US Exposure
0.003041842357160233
VNQ.US Exposure
-0.003832027293081934
BTC-USD.CC Exposure
0.0005810345227480159
CPER.US Exposure
0.0006332682232726437
VIX.INDX Exposure
-0.0014814163451720135
UUP.US Exposure
0.013173228793448588
TIP.US Exposure
0.03871386848001438
Idiosyncratic Exposure
0.20576601300689668
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
33
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
4.6%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →2.75%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$48
Avg Yield on Cost
0.48%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$47.610.48%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.0%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+1.0%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
0.4% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.57
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Invesco BulletShares (R) 2027 Municipal Bond ETF a high-risk investment?

Invesco BulletShares (R) 2027 Municipal Bond ETF (BSMR.US) has an annualized volatility of 4.6% and experienced a maximum drawdown of 11.7% over the last 10 years. Its primary macro risk driver is LQD.US.

What is the 10-year return of BSMR.US?

Over the past 10 years, BSMR.US has generated a Compound Annual Growth Rate (CAGR) of 1.2%. It has had a positive return in 86% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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