Invesco Taxable Municipal Bond ETF (BAB)

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Invesco Taxable Municipal Bond ETF (BAB) is up 0.1% since the beginning of the year. BAB is currently trading at $27 per share. Investors who bought $1,000 worth of BAB shares 5 years ago would now be looking at an investment worth $971.

Invesco Taxable Municipal Bond ETF (BAB) has returned 0.12% so far this year and 6.06% over the past 12 months. Over the last ten years, BAB has returned 2.16% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.

Based on dividend-adjusted daily data since Nov 17, 2009, BAB's average daily return is +0.02%, while the average monthly return is +0.41%. At this rate, an investment would double in approximately 14.1 years.

Historically, 58% of months were positive and 42% were negative. The best month was Sep 2011 with a return of +5.6%, while the worst month was Mar 2020 at -7.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 7 months.

On a daily basis, BAB closed higher 52% of trading days. The best single day was Mar 23, 2020 with a return of +7.9%, while the worst single day was Mar 18, 2020 at -12.9%.

Invesco Taxable Municipal Bond ETF has an annualized alpha of 5.59%, beta of -0.03, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 17, 2009.

• This ETF captured 13.99% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.47%) - a profile typical of hedging or uncorrelated assets.
• Beta of -0.03 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
• R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BAB has an expense ratio of 0.28%, placing it in the medium range.

BAB ranks 30 for risk / return — below 30% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

Invesco Taxable Municipal Bond ETF provided a 4.10% dividend yield over the last twelve months, with an annual payout of $1.10 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Invesco Taxable Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Invesco Taxable Municipal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Invesco Taxable Municipal Bond ETF was 27.80%, occurring on Mar 19, 2020. Recovery took 216 trading sessions.

The current Invesco Taxable Municipal Bond ETF drawdown is 5.64%.

The chart below shows the rolling one-month volatility.