BAB vs. IGEB
Compare and contrast key facts about Invesco Taxable Municipal Bond ETF (BAB) and iShares Investment Grade Bond Factor ETF (IGEB).
BAB and IGEB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BAB is a passively managed fund by Invesco that tracks the performance of the BofA Merrill Lynch Build America Bond Index. It was launched on Nov 17, 2009. IGEB is a passively managed fund by iShares that tracks the performance of the BlackRock Investment Grade Enhanced Bond Index. It was launched on Jul 11, 2017. Both BAB and IGEB are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BAB vs. IGEB - Performance Comparison
Loading graphics...
BAB vs. IGEB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAB Invesco Taxable Municipal Bond ETF | 0.13% | 8.30% | 1.03% | 8.67% | -19.50% | 1.00% | 9.11% | 10.85% | 0.93% | 4.42% |
IGEB iShares Investment Grade Bond Factor ETF | -0.52% | 8.17% | 3.10% | 9.56% | -14.85% | -1.14% | 11.23% | 15.42% | -2.05% | 1.53% |
Returns By Period
In the year-to-date period, BAB achieves a 0.13% return, which is significantly higher than IGEB's -0.52% return.
BAB
- 1D
- 0.97%
- 1M
- -2.43%
- YTD
- 0.13%
- 6M
- 0.79%
- 1Y
- 5.22%
- 3Y*
- 4.12%
- 5Y*
- 0.02%
- 10Y*
- 2.59%
IGEB
- 1D
- 0.51%
- 1M
- -1.90%
- YTD
- -0.52%
- 6M
- 0.32%
- 1Y
- 5.18%
- 3Y*
- 5.36%
- 5Y*
- 1.21%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BAB vs. IGEB - Expense Ratio Comparison
BAB has a 0.28% expense ratio, which is higher than IGEB's 0.18% expense ratio.
Return for Risk
BAB vs. IGEB — Risk / Return Rank
BAB
IGEB
BAB vs. IGEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Taxable Municipal Bond ETF (BAB) and iShares Investment Grade Bond Factor ETF (IGEB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| BAB | IGEB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 1.02 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.42 | -0.25 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.19 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.74 | -0.47 |
Martin ratioReturn relative to average drawdown | 3.79 | 5.88 | -2.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BAB | IGEB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 1.02 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.18 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.48 | +0.04 |
Correlation
The correlation between BAB and IGEB is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BAB vs. IGEB - Dividend Comparison
BAB's dividend yield for the trailing twelve months is around 4.03%, less than IGEB's 4.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAB Invesco Taxable Municipal Bond ETF | 4.03% | 3.96% | 3.97% | 3.65% | 3.40% | 2.63% | 2.96% | 3.77% | 4.20% | 3.96% | 4.26% | 4.71% |
IGEB iShares Investment Grade Bond Factor ETF | 4.99% | 4.92% | 5.09% | 4.60% | 3.64% | 3.84% | 3.78% | 5.61% | 3.59% | 1.62% | 0.00% | 0.00% |
Drawdowns
BAB vs. IGEB - Drawdown Comparison
The maximum BAB drawdown since its inception was -27.80%, which is greater than IGEB's maximum drawdown of -21.13%. Use the drawdown chart below to compare losses from any high point for BAB and IGEB.
Loading graphics...
Drawdown Indicators
| BAB | IGEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.80% | -21.13% | -6.67% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -3.06% | -1.44% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -21.13% | -3.82% |
Max Drawdown (10Y)Largest decline over 10 years | -27.80% | — | — |
Current DrawdownCurrent decline from peak | -5.64% | -1.95% | -3.69% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -4.97% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 0.91% | +0.59% |
Volatility
BAB vs. IGEB - Volatility Comparison
Invesco Taxable Municipal Bond ETF (BAB) and iShares Investment Grade Bond Factor ETF (IGEB) have volatilities of 2.16% and 2.13%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BAB | IGEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 2.13% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 2.89% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.62% | 5.09% | +1.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 6.71% | +1.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.70% | 6.56% | +3.14% |