See what your fund actually adds
Invesco BulletShares 2035 Municipal Bond ETF BSMZ
Historical return decomposition and an investable replication portfolio, using data through 2026-10-09.
Fund and replication metrics
| Measure | BSMZ | Replication |
|---|---|---|
| Annualized growth | -2.5% | -1.8% |
| Annualized volatility | 4.5% | 3.8% |
| Sharpe ratio | -0.55 | -0.48 |
| Maximum drawdown | 6.9% | 5.5% |
| Replication fit (R²) | 0.96 · Tracking error 0.9% | |
Replication portfolio
The published portfolio below is the investable basket used to model BSMZ’s historical return behavior.
| Ticker | Building block | Weight |
|---|---|---|
| MUB | FI · Municipal | 92.2% |
| SPTL | FI · Long Gov | 5.6% |
| XLI | Sector · Industrials | 2.2% |