{
  "page": "compare",
  "query": {
    "a": "BSMS",
    "b": "VTES"
  },
  "retrieved_at": "2026-07-07T14:49:05+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": "VANGUARD SHORT-TERM TAX-EXEMPT BOND ETF",
    "ticker": "VTES",
    "slug": "VTES",
    "series_id": "S000079862",
    "html_url": "https://fundwatcher.app/funds/VTES/"
  },
  "overlap": {
    "coverage_a_by_b": "0.1068216609905339776060368862",
    "coverage_b_by_a": "0.1068216609905339776060368859",
    "shared_count": 420,
    "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": true
      },
      {
        "name": "Los Angeles Unified School District, Series 2018B-1",
        "value": "954859.50",
        "weight": "0.00346778",
        "shared": false
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "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": true
      },
      {
        "name": "Los Angeles (County of), CA Metropolitan Transportation Authority (Green Bonds), Series 2020, RB",
        "value": "606232.12",
        "weight": "0.00220166",
        "shared": false
      },
      {
        "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": true
      },
      {
        "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": false
      },
      {
        "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": false
      },
      {
        "name": "New York (City of), NY, Subseries 2024 C-1, GO Bonds",
        "value": "572887.58",
        "weight": "0.00208056",
        "shared": true
      },
      {
        "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": true
      },
      {
        "name": "New York (City of), NY, Series 2020 C, Ref. GO Bonds",
        "value": "544928.78",
        "weight": "0.00197903",
        "shared": true
      },
      {
        "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": true
      },
      {
        "name": "STATE OF NEW YORK ST AID WITHHLDG 5.0% 07-15-35",
        "value": "534828.08",
        "weight": "0.00194234",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "Vanguard Municipal Cash Management Fund",
        "value": "37119715.28",
        "weight": "0.02104382",
        "shared": false
      },
      {
        "name": "NYC TRANSITIONAL-G-1",
        "value": "5579487.99",
        "weight": "0.00316311",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST-REF",
        "value": "5144182.51",
        "weight": "0.00291633",
        "shared": false
      },
      {
        "name": "NEW JERSEY ST ECON DEV AUTH REVENUE",
        "value": "4716633.74",
        "weight": "0.00267394",
        "shared": false
      },
      {
        "name": "Dallas Independent School District, Series 2026B",
        "value": "4711695.21",
        "weight": "0.00267114",
        "shared": false
      },
      {
        "name": "State of Illinois, Series D",
        "value": "4600417.63",
        "weight": "0.00260806",
        "shared": false
      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "4499714.15",
        "weight": "0.00255097",
        "shared": true
      },
      {
        "name": "New Jersey Transportation Trust Fund Authority, Series 2016A1",
        "value": "4353111.50",
        "weight": "0.00246786",
        "shared": false
      },
      {
        "name": "Wyandotte County Unified School District No. 500, Series A",
        "value": "4062171.20",
        "weight": "0.00230292",
        "shared": false
      },
      {
        "name": "E CO AWP JT PWRS-A-1",
        "value": "4010454.81",
        "weight": "0.00227360",
        "shared": false
      },
      {
        "name": "CA REGENTS UNIV-CD",
        "value": "3777306.05",
        "weight": "0.00214142",
        "shared": false
      },
      {
        "name": "OH WTR DEV AUTH",
        "value": "3771993.42",
        "weight": "0.00213841",
        "shared": false
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "3557785.20",
        "weight": "0.00201697",
        "shared": false
      },
      {
        "name": "State of New Jersey, Series A",
        "value": "3440229.68",
        "weight": "0.00195033",
        "shared": false
      },
      {
        "name": "NEW YORK-G-G-1",
        "value": "3354158.15",
        "weight": "0.00190153",
        "shared": false
      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "3300507.30",
        "weight": "0.00187112",
        "shared": false
      },
      {
        "name": "Los Angeles Department of Water & Power, Series 2025A",
        "value": "3267232.23",
        "weight": "0.00185225",
        "shared": true
      },
      {
        "name": "OHIO WTR DEV AUTH-A",
        "value": "3237345.03",
        "weight": "0.00183531",
        "shared": false
      },
      {
        "name": "Bay Area Toll Authority, Series 2026A",
        "value": "3221295.38",
        "weight": "0.00182621",
        "shared": false
      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "3218080.10",
        "weight": "0.00182439",
        "shared": false
      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "3175907.07",
        "weight": "0.00180048",
        "shared": false
      },
      {
        "name": "LOS ANGELES DEPT-C",
        "value": "3120202.92",
        "weight": "0.00176890",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000",
        "value": "3117976.27",
        "weight": "0.00176764",
        "shared": false
      },
      {
        "name": "UNIV OF TEXAS UNIV-A",
        "value": "3040289.04",
        "weight": "0.00172359",
        "shared": false
      },
      {
        "name": "NJ TPK AUTH-B",
        "value": "3018443.11",
        "weight": "0.00171121",
        "shared": false
      },
      {
        "name": "MASSACHUSETTS ST",
        "value": "2939802.69",
        "weight": "0.00166663",
        "shared": false
      },
      {
        "name": "State of California, Series 2025, GO Bonds",
        "value": "2930219.25",
        "weight": "0.00166119",
        "shared": false
      },
      {
        "name": "State of New Jersey, Series 2020A",
        "value": "2885991.58",
        "weight": "0.00163612",
        "shared": false
      },
      {
        "name": "Virginia Public Building Authority, Series 2021A-1",
        "value": "2822491.72",
        "weight": "0.00160012",
        "shared": false
      },
      {
        "name": "UNIV OF PITTSBURGH PA OF THE C REGD B/E 5.00000000",
        "value": "2820620.57",
        "weight": "0.00159906",
        "shared": false
      },
      {
        "name": "State of California, Series 2023",
        "value": "2819496.24",
        "weight": "0.00159842",
        "shared": false
      },
      {
        "name": "WI ST GF APP 5% 5/1/2026Q",
        "value": "2768030.60",
        "weight": "0.00156925",
        "shared": false
      },
      {
        "name": "NEW YORK CITY-C-REF",
        "value": "2752617.15",
        "weight": "0.00156051",
        "shared": false
      },
      {
        "name": "KY ST PROP 5% 11/1/2027",
        "value": "2708675.87",
        "weight": "0.00153560",
        "shared": false
      },
      {
        "name": "State of California, Series 2007",
        "value": "2706727.57",
        "weight": "0.00153449",
        "shared": false
      },
      {
        "name": "WASHINGTON ST WAS 07/26 FIXED 4",
        "value": "2666511.62",
        "weight": "0.00151169",
        "shared": false
      },
      {
        "name": "State of North Carolina, Series 2019",
        "value": "2612918.10",
        "weight": "0.00148131",
        "shared": false
      },
      {
        "name": "SOUTH CAROLINA ST ASSN OF GOVTL ORGANIZATIONS COPS",
        "value": "2600000.00",
        "weight": "0.00147399",
        "shared": false
      },
      {
        "name": "CT HLTH & EDUCTNL-B-2",
        "value": "2587978.35",
        "weight": "0.00146717",
        "shared": false
      },
      {
        "name": "DE VLY FIN -A",
        "value": "2534535.97",
        "weight": "0.00143687",
        "shared": true
      },
      {
        "name": "NJ TRANSPRTN TRUST-A",
        "value": "2533376.76",
        "weight": "0.00143622",
        "shared": false
      },
      {
        "name": "GREAT LAKES WTR AUTH-",
        "value": "2532994.86",
        "weight": "0.00143600",
        "shared": false
      },
      {
        "name": "E CO AWP JT PWRS-A-2",
        "value": "2518462.75",
        "weight": "0.00142776",
        "shared": false
      },
      {
        "name": "State of California",
        "value": "2513774.22",
        "weight": "0.00142510",
        "shared": false
      },
      {
        "name": "State of Maryland",
        "value": "2506462.86",
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        "shared": true
      },
      {
        "name": "NEW YORK MUNI WTR-AA2",
        "value": "2493053.78",
        "weight": "0.00141336",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA 5.0% 04-01-29",
        "value": "2472344.90",
        "weight": "0.00140162",
        "shared": false
      },
      {
        "name": "Washington Metropolitan Area Transit Authority, Series 2021A",
        "value": "2368576.19",
        "weight": "0.00134279",
        "shared": false
      },
      {
        "name": "State of California, Series 2017",
        "value": "2367852.38",
        "weight": "0.00134238",
        "shared": true
      },
      {
        "name": "GUILFORD CO",
        "value": "2364486.68",
        "weight": "0.00134047",
        "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": "0000105563-26-000162",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/105563/000010556326000162/0000105563-26-000162-index.htm"
    }
  ]
}