{
  "page": "compare",
  "query": {
    "a": "BSMS",
    "b": "CMF"
  },
  "retrieved_at": "2026-07-07T15:58:22+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Invesco BulletShares 2028 Municipal Bond ETF",
    "ticker": "BSMS",
    "slug": "BSMS",
    "series_id": "S000062841",
    "html_url": "https://fundwatcher.app/funds/BSMS/"
  },
  "fund_b": {
    "name": "iShares California Muni Bond ETF",
    "ticker": "CMF",
    "slug": "CMF",
    "series_id": "S000019341",
    "html_url": "https://fundwatcher.app/funds/CMF/"
  },
  "overlap": {
    "coverage_a_by_b": "0.02817721545582216943297385434",
    "coverage_b_by_a": "0.02817721545582216943297385435",
    "shared_count": 78,
    "as_of": {
      "a": "2026-02-28",
      "b": "2026-02-28"
    },
    "a_top": [
      {
        "name": "TX WTR DEV BRD-B",
        "value": "1526343.72",
        "weight": "0.00554324",
        "shared": false
      },
      {
        "name": "TRIBOROUGH NY BRIDGE & TUNNEL TRIBOROUGH BRIDGE & TUNNEL AUTHORITY",
        "value": "1176458.24",
        "weight": "0.00427256",
        "shared": false
      },
      {
        "name": "N TX TOLLWAY AUTH REVENUE",
        "value": "1162494.45",
        "weight": "0.00422185",
        "shared": false
      },
      {
        "name": "Los Angeles Department of Water & Power, Series 2025A",
        "value": "1101546.18",
        "weight": "0.00400050",
        "shared": true
      },
      {
        "name": "Los Angeles Unified School District, Series 2018B-1",
        "value": "1095779.03",
        "weight": "0.00397956",
        "shared": true
      },
      {
        "name": "Montana (State of) Facility Finance Authority (Bozeman Deaconess Health Services Obligated Group), Series 2018, RB",
        "value": "1010560.70",
        "weight": "0.00367007",
        "shared": false
      },
      {
        "name": "State of Illinois, Series D",
        "value": "969285.53",
        "weight": "0.00352017",
        "shared": false
      },
      {
        "name": "Los Angeles Unified School District, Series 2018B-1",
        "value": "954859.50",
        "weight": "0.00346778",
        "shared": true
      },
      {
        "name": "GRAND PKWY TRANSPRTN",
        "value": "894304.82",
        "weight": "0.00324786",
        "shared": false
      },
      {
        "name": "Orlando (City of), FL, Series 2018 B, RB",
        "value": "837838.61",
        "weight": "0.00304279",
        "shared": false
      },
      {
        "name": "LONG ISLAND NY PWR AU",
        "value": "834990.23",
        "weight": "0.00303245",
        "shared": false
      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "820381.72",
        "weight": "0.00297939",
        "shared": false
      },
      {
        "name": "ILL ST TOLL 5% 1/1/2042",
        "value": "800269.96",
        "weight": "0.00290635",
        "shared": false
      },
      {
        "name": "STATE OF NEW YORK SALES TAX REVENUE 5.0% 03-15-48",
        "value": "696402.83",
        "weight": "0.00252914",
        "shared": false
      },
      {
        "name": "STATE OF NEW JERSEY 5.0% 12-15-32",
        "value": "690405.03",
        "weight": "0.00250735",
        "shared": false
      },
      {
        "name": "NV CLA 5 05/01/2048",
        "value": "665149.10",
        "weight": "0.00241563",
        "shared": false
      },
      {
        "name": "NJ TRANSPRTN TRUST-A",
        "value": "662359.45",
        "weight": "0.00240550",
        "shared": false
      },
      {
        "name": "STATE OF OHIO",
        "value": "655106.25",
        "weight": "0.00237916",
        "shared": false
      },
      {
        "name": "State of California, Series 2018",
        "value": "645766.38",
        "weight": "0.00234524",
        "shared": false
      },
      {
        "name": "NY DORM AUTH-C-REF",
        "value": "632162.82",
        "weight": "0.00229583",
        "shared": false
      },
      {
        "name": "Connecticut (State of), Series 2018 C, GO Bonds",
        "value": "631022.55",
        "weight": "0.00229169",
        "shared": false
      },
      {
        "name": "PECOS BARSTOW TOYAH TX INDEP SCH DIST",
        "value": "628267.62",
        "weight": "0.00228169",
        "shared": false
      },
      {
        "name": "NYC WTR 5% 6/15/2040",
        "value": "625288.59",
        "weight": "0.00227087",
        "shared": false
      },
      {
        "name": "New York (City of), NY, Series 2020 B-1, Ref. GO Bonds",
        "value": "623734.78",
        "weight": "0.00226523",
        "shared": false
      },
      {
        "name": "State of California",
        "value": "618434.51",
        "weight": "0.00224598",
        "shared": false
      },
      {
        "name": "State of California, Series 2019",
        "value": "610980.28",
        "weight": "0.00221891",
        "shared": false
      },
      {
        "name": "Triborough Bridge & Tunnel Authority, Series 2018 B, Ref. RB",
        "value": "609913.60",
        "weight": "0.00221503",
        "shared": false
      },
      {
        "name": "Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020, RB",
        "value": "606232.12",
        "weight": "0.00220166",
        "shared": true
      },
      {
        "name": "NY MTA TRANSP 4% 11/15/2035",
        "value": "601733.68",
        "weight": "0.00218532",
        "shared": false
      },
      {
        "name": "PENNSYLVANIA ST-1ST",
        "value": "596291.85",
        "weight": "0.00216556",
        "shared": false
      },
      {
        "name": "New York City Transitional Finance Authority Future Tax Secured Revenue",
        "value": "595231.06",
        "weight": "0.00216171",
        "shared": false
      },
      {
        "name": "State of California, Series 2022",
        "value": "588204.60",
        "weight": "0.00213619",
        "shared": false
      },
      {
        "name": "State of Illinois, Series 2020B",
        "value": "586120.54",
        "weight": "0.00212862",
        "shared": false
      },
      {
        "name": "PENNSYLVANIA TURNPIKE COMMISSI PASTRN 12/43 FIXED 5",
        "value": "584910.20",
        "weight": "0.00212423",
        "shared": false
      },
      {
        "name": "N TX TOLLWAY AUTH REVENUE",
        "value": "582751.29",
        "weight": "0.00211639",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA-AZ",
        "value": "579829.33",
        "weight": "0.00210577",
        "shared": true
      },
      {
        "name": "NEW YORK-D-SUBSER D1",
        "value": "577586.86",
        "weight": "0.00209763",
        "shared": false
      },
      {
        "name": "Los Angeles Unified School District, Series 2018B-1",
        "value": "575240.91",
        "weight": "0.00208911",
        "shared": true
      },
      {
        "name": "New York (City of), NY, Subseries 2024 C-1, GO Bonds",
        "value": "572887.58",
        "weight": "0.00208056",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA 5.0% 11-01-28",
        "value": "561460.12",
        "weight": "0.00203906",
        "shared": true
      },
      {
        "name": "STATE OF NEW YORK ST AID WITHHLDG 5.0% 07-15-43",
        "value": "559425.80",
        "weight": "0.00203167",
        "shared": false
      },
      {
        "name": "NY DORM AUTH-C-REF",
        "value": "559297.55",
        "weight": "0.00203121",
        "shared": false
      },
      {
        "name": "NV LASGEN 5 07/01/2043",
        "value": "559076.69",
        "weight": "0.00203041",
        "shared": false
      },
      {
        "name": "NYC TRANS FIN-S-3",
        "value": "558663.84",
        "weight": "0.00202891",
        "shared": false
      },
      {
        "name": "New Jersey Transportation Trust Fund Authority",
        "value": "550707.99",
        "weight": "0.00200001",
        "shared": false
      },
      {
        "name": "State of Maryland, Series A2",
        "value": "545302.51",
        "weight": "0.00198038",
        "shared": false
      },
      {
        "name": "New York (City of), NY, Series 2020 C, Ref. GO Bonds",
        "value": "544928.78",
        "weight": "0.00197903",
        "shared": false
      },
      {
        "name": "Harris (County of), TX Toll Road Authority (The), Series 2022 A, Ref. RB",
        "value": "540104.12",
        "weight": "0.00196150",
        "shared": false
      },
      {
        "name": "Harris (County of), TX Toll Road Authority (The), Series 2018 A, Ref. RB",
        "value": "537286.48",
        "weight": "0.00195127",
        "shared": false
      },
      {
        "name": "STATE OF NEW YORK ST AID WITHHLDG 5.0% 07-15-35",
        "value": "534828.08",
        "weight": "0.00194234",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "UNIV OF CA REGENTS",
        "value": "22140130.00",
        "weight": "0.00531977",
        "shared": false
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "21873791.01",
        "weight": "0.00525578",
        "shared": false
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "20678751.89",
        "weight": "0.00496864",
        "shared": false
      },
      {
        "name": "California (State of) Educational Facilities Authority (Stanford University), Series 2014 U-6, RB",
        "value": "20125040.38",
        "weight": "0.00483559",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000",
        "value": "19288605.69",
        "weight": "0.00463462",
        "shared": false
      },
      {
        "name": "CA ST UNIV TRUSTEES-A",
        "value": "18897942.76",
        "weight": "0.00454075",
        "shared": false
      },
      {
        "name": "State of California 5.00% 03/01/2055",
        "value": "17280467.21",
        "weight": "0.00415211",
        "shared": false
      },
      {
        "name": "San Francisco City & County Airport Comm-San Francisco International Airport",
        "value": "17000000.00",
        "weight": "0.00408472",
        "shared": false
      },
      {
        "name": "Orange County Water District, Series 2003A",
        "value": "16500000.00",
        "weight": "0.00396458",
        "shared": false
      },
      {
        "name": "University of California, Series 2025BZ",
        "value": "15091485.00",
        "weight": "0.00362614",
        "shared": false
      },
      {
        "name": "State of California",
        "value": "15010984.50",
        "weight": "0.00360680",
        "shared": false
      },
      {
        "name": "E CO AWP JT PWRS-A-1",
        "value": "14519749.00",
        "weight": "0.00348877",
        "shared": false
      },
      {
        "name": "Bay Area Toll Authority, Series 2023 A, VRD Ref. RB",
        "value": "14045000.00",
        "weight": "0.00337470",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA 4.0% 09-01-43",
        "value": "13434463.49",
        "weight": "0.00322800",
        "shared": false
      },
      {
        "name": "State of California, Series 2007",
        "value": "13242591.86",
        "weight": "0.00318190",
        "shared": false
      },
      {
        "name": "Toll Road Sr Lien Refunding RB Series 2021A",
        "value": "12840757.96",
        "weight": "0.00308534",
        "shared": false
      },
      {
        "name": "SAN FRANCISCO PUB UTI",
        "value": "12414691.93",
        "weight": "0.00298297",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA",
        "value": "12290520.78",
        "weight": "0.00295314",
        "shared": false
      },
      {
        "name": "Los Angeles Community College District, Series F",
        "value": "12275366.25",
        "weight": "0.00294949",
        "shared": false
      },
      {
        "name": "San Diego Unified School District, Series 2023G-3",
        "value": "11854692.08",
        "weight": "0.00284842",
        "shared": false
      },
      {
        "name": "CA ST PUB WKS-C",
        "value": "11814939.76",
        "weight": "0.00283886",
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      },
      {
        "name": "STATE OF CALIFORNIA 4.0% 03-01-36",
        "value": "11643548.43",
        "weight": "0.00279768",
        "shared": false
      },
      {
        "name": "SAN FRANCISCO PUB-A",
        "value": "11476334.00",
        "weight": "0.00275750",
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      },
      {
        "name": "UNIV OF CA REGENTS-BQ",
        "value": "11223149.35",
        "weight": "0.00269667",
        "shared": false
      },
      {
        "name": "Beverly Hills Unified School District, Series 2009",
        "value": "11186631.90",
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      },
      {
        "name": "Anaheim Housing & Public Improvements Authority, Series 2024-A",
        "value": "10980000.00",
        "weight": "0.00263825",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA",
        "value": "10940689.40",
        "weight": "0.00262880",
        "shared": false
      },
      {
        "name": "Los Angeles Unified School District, Series 2023QRR",
        "value": "10911172.00",
        "weight": "0.00262171",
        "shared": false
      },
      {
        "name": "Los Angeles Community College District, Series D",
        "value": "10903481.44",
        "weight": "0.00261986",
        "shared": false
      },
      {
        "name": "University of California, Series 2026 CF",
        "value": "10779079.00",
        "weight": "0.00258997",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA 4.0% 09-01-29",
        "value": "10677806.24",
        "weight": "0.00256564",
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      },
      {
        "name": "LOS ANGELES DEPT -D",
        "value": "10421758.43",
        "weight": "0.00250411",
        "shared": false
      },
      {
        "name": "State of California, Series 2024",
        "value": "10311166.42",
        "weight": "0.00247754",
        "shared": false
      },
      {
        "name": "Coast Community College District, Series 2017D",
        "value": "10269374.25",
        "weight": "0.00246750",
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      },
      {
        "name": "OAKLAND USD-REF",
        "value": "10245897.56",
        "weight": "0.00246186",
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      },
      {
        "name": "Mt. San Antonio Community College District, Series 2024D",
        "value": "10223072.12",
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      },
      {
        "name": "UNIV OF CALIFORNIA-BV",
        "value": "10118399.28",
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      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000",
        "value": "10109632.22",
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      },
      {
        "name": "State of California",
        "value": "10052635.56",
        "weight": "0.00241542",
        "shared": true
      },
      {
        "name": "STHRN CALIFORNIA ST",
        "value": "10000000.00",
        "weight": "0.00240277",
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      },
      {
        "name": "SAN FRANCISCO PUB-A",
        "value": "9992349.25",
        "weight": "0.00240094",
        "shared": false
      },
      {
        "name": "San Joaquin Hills Transportation Corridor Agency, Series 2021 A, Ref. RB",
        "value": "9926937.66",
        "weight": "0.00238522",
        "shared": false
      },
      {
        "name": "University of California, Series 2026 CE",
        "value": "9811267.20",
        "weight": "0.00235743",
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      },
      {
        "name": "State of California",
        "value": "9807571.16",
        "weight": "0.00235654",
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      },
      {
        "name": "San Mateo Foster City School District, Series B",
        "value": "9804948.00",
        "weight": "0.00235591",
        "shared": false
      },
      {
        "name": "FOOTHILL ESTRN TRANSPRTN CORRIDOR AGY CA TOLL ROAD REVENUE",
        "value": "9355221.08",
        "weight": "0.00224785",
        "shared": false
      },
      {
        "name": "State of California",
        "value": "9321046.40",
        "weight": "0.00223964",
        "shared": false
      },
      {
        "name": "El Camino Community College District Fountation (The), Series 2012C",
        "value": "9283191.40",
        "weight": "0.00223054",
        "shared": false
      },
      {
        "name": "Palo Alto Unified School District, Series 2025",
        "value": "9206190.68",
        "weight": "0.00221204",
        "shared": false
      },
      {
        "name": "Los Angeles (City of), CA, Series 2025, RN",
        "value": "9168980.28",
        "weight": "0.00220310",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0001657201-26-000362",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1657201/000165720126000362/0001657201-26-000362-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0002071691-26-008204",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1100663/000207169126008204/0002071691-26-008204-index.htm"
    }
  ]
}