Invesco Taxable Municipal Bond ETF (BAB)

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The chart shows the growth of an initial investment of $10,000 in Invesco Taxable Municipal Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Invesco Taxable Municipal Bond ETF (BAB) has returned 0.13% so far this year and 5.22% over the past 12 months. Over the last ten years, BAB has returned 2.59% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% 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, your 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 5.65%, beta of -0.03, and R² of 0.00 versus S&P 500 Index. Calculated based on daily prices since November 18, 2009.

• This ETF captured 14.59% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -2.33%) — 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 40 for risk / return — below 40% 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.

The table below present risk-adjusted performance metrics for Invesco Taxable Municipal Bond ETF (BAB) and compare them to a chosen benchmark (S&P 500 Index).

Invesco Taxable Municipal Bond ETF provided a 4.03% dividend yield over the last twelve months, with an annual payout of $1.09 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.