Invesco BulletShares 2029 Municipal Bond ETF

10-Year Study

BSMT.US · · US · ETF

Executive Summary: Invesco BulletShares 2029 Municipal Bond ETF has compounded at 0.9% annually over the last 10 years, with a maximum drawdown of 15.9% and an annualized volatility of 5.4%.

1Y CAGR
+3.2%
3Y CAGR
+2.7%
5Y CAGR
-0.5%
10Y CAGR
+0.9%

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 →
15.9%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.51
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.73
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
6.5%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2020 · +7.0%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -11.0%
% 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.
20260.70.7-1.50.20.3-0.1——————0.2%
20250.41.2-1.8-0.70.50.80.60.71.2-0.00.60.33.8%
2024-0.1-0.2-0.2-1.3-0.30.91.20.40.7-1.11.3-1.00.4%
20232.9-2.42.3-0.8-0.90.60.2-0.9-2.3-1.05.32.65.4%
2022-3.2-0.5-4.2-3.91.7-2.02.9-2.7-4.0-0.65.5-0.1-11.0%
20210.6-3.01.11.20.50.70.8-0.5-1.1-0.11.10.21.4%
20202.61.9-4.9-1.94.40.92.7-0.9-0.4-0.82.50.97.0%
2019—————————-0.0-0.30.50.2%

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 5.4%. The dominant macroeconomic risk driver is LQD.US, accounting for 63.2% of variance. Idiosyncratic stock-specific factors contribute 11.8%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2019-09-0110000
2019-10-019996.395356143119
2019-11-019962.421016602715
2019-12-0110016.691030087177
2020-01-0110280.92935135304
2020-02-0110479.40533042642
2020-03-019962.841939178885
2020-04-019778.461154514176
2020-05-0110208.653693639544
2020-06-0110303.621384097123
2020-07-0110578.076085050965
2020-08-0110481.096929506013
2020-09-0110440.736693596044
2020-10-0110352.942261988714
2020-11-0110615.855424079495
2020-12-0110713.759906289804
2021-01-0110776.603031784925
2021-02-0110457.679925727816
2021-03-0110567.896612979266
2021-04-0110699.155035275335
2021-05-0110747.79663727678
2021-06-0110824.494178921972
2021-07-0110906.646139001992
2021-08-0110856.228577655163
2021-09-0110737.379901957553
2021-10-0110728.28656830787
2021-11-0110841.940936390161
2021-12-0110866.418594760085
2022-01-0110520.907066182825
2022-02-0110465.188868135678
2022-03-0110027.33272611517
2022-04-019634.370305537943
2022-05-019795.093308165855
2022-06-019602.208832959204
2022-07-019884.538037472654
2022-08-019613.54298616887
2022-09-019227.780187024951
2022-10-019175.130593645827
2022-11-019676.047791848076
2022-12-019669.612685323467
2023-01-019952.251210811472
2023-02-019718.080294276728
2023-03-019943.073516896
2023-04-019868.31098884731
2023-05-019779.315302205274
2023-06-019835.278672274866
2023-07-019850.586545504235
2023-08-019757.518718532414
2023-09-019531.809312406715
2023-10-019436.91455842893
2023-11-019935.662994798224
2023-12-0110192.869536409584
2024-01-0110186.116321382735
2024-02-0110164.861049415344
2024-03-0110147.823790737331
2024-04-0110018.049581867463
2024-05-019989.367091499693
2024-06-0110077.50775169786
2024-07-0110196.760653669035
2024-08-0110233.404644120506
2024-09-0110307.634647991412
2024-10-0110199.357368100307
2024-11-0110330.951473953988
2024-12-0110231.66998615525
2025-01-0110269.256878327453
2025-02-0110395.5143186173
2025-03-0110213.452562508981
2025-04-0110145.793871841817
2025-05-0110191.650706319506
2025-06-0110275.235033412378
2025-07-0110333.239746163476
2025-08-0110407.225456764703
2025-09-0110527.176088434162
2025-10-0110523.00640654706
2025-11-0110585.176407421419
2025-12-0110619.54706446047
2026-01-0110698.031110484268
2026-02-0110769.319050085833
2026-03-0110607.606494510212
2026-04-0110624.192397646173
2026-05-0110654.139167197214
2026-06-0110640.778300782134
Annual Return Matrix
YearAnnual Return
20200.06959073351756984
20210.014248843525106247
2022-0.11013802744666323
20230.054113527409460405
20240.003806626741083008
20250.03790945943624724
20260.001999260061920749
Total Factor Risk
0.0540361314564574
VTI.US Exposure
-0.10760291294908436
VEA.US Exposure
-0.0405239859945312
VWO.US Exposure
0.09832215878467677
QQQ.US Exposure
0.05536143733820896
VTV.US Exposure
0.0267663617797613
IJR.US Exposure
0.03172956202532556
QUAL.US Exposure
0.04420899315368121
SHV.US Exposure
0.04078455487225926
TLT.US Exposure
0.09786234327900499
LQD.US Exposure
0.6322514032001074
HYG.US Exposure
0.08740950752083806
GLD.US Exposure
0.017525282621458894
USO.US Exposure
-0.010660455835117285
VNQ.US Exposure
-0.036279637908963956
BTC-USD.CC Exposure
0.003037258203121437
CPER.US Exposure
-0.005282152669986224
VIX.INDX Exposure
-0.012384552209094856
UUP.US Exposure
-0.02664139869057993
TIP.US Exposure
-0.014021712354616758
Idiosyncratic Exposure
0.11813794583353071
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
33.1
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
5.4%

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
Forward P/EForward P/E RatioA valuation metric that compares the current stock price to estimated future earnings per share.Click for full definition →No estimate availableN/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →2.76%
Squeeze RiskShort Squeeze RiskA situation where a sharp rise in the price of a stock forces short sellers to buy shares to cover their positions, further driving up the price.Click for full definition →Low
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
$96
Avg Yield on Cost
0.96%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$96.340.96%Solid

Momentum & MacroiPrice momentum indicators: distance from 50/200-Day SMA, 52-Week High proximity, Golden Cross trend signal, RSI momentum gauge, Fibonacci retracement levels, and Beta (market sensitivity).

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 →
+0.2%
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 →
+0.3%
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 →
1.2% 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 →
0.79
Market sensitivity coefficient
Trend SignalGolden Cross & Death CrossTechnical chart patterns that occur when a short-term moving average crosses over a long-term moving average.Click for full definition →
✦ Golden Cross
Bullish — 50 SMA above 200 SMA
RSI (14-Day)Relative Strength Index (RSI)A momentum oscillator that measures the speed and change of price movements to identify overbought or oversold conditions.Click for full definition →
74
OversoldNeutralOverbought
Overbought
Fibonacci LevelsFibonacci RetracementTechnical levels based on mathematical ratios that indicate potential support and resistance areas.Click for full definition →
38.2% retracement+0.9%
50.0% retracement+1.6%
61.8% retracement+2.3%
% distance of current price from each 52-week Fibonacci support level.

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Frequently Asked Questions & Methodology

Is Invesco BulletShares 2029 Municipal Bond ETF a high-risk investment?

Invesco BulletShares 2029 Municipal Bond ETF (BSMT.US) has an annualized volatility of 5.4% and experienced a maximum drawdown of 15.9% over the last 10 years. Its primary macro risk driver is LQD.US.

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

Over the past 10 years, BSMT.US has generated a Compound Annual Growth Rate (CAGR) of 0.9%. 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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