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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BAB or IGEB.
Correlation
The correlation between BAB and IGEB is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
BAB vs. IGEB - Performance Comparison
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Key characteristics
BAB:
0.53
IGEB:
0.99
BAB:
0.85
IGEB:
1.40
BAB:
1.10
IGEB:
1.17
BAB:
0.27
IGEB:
0.52
BAB:
1.39
IGEB:
3.06
BAB:
2.98%
IGEB:
1.83%
BAB:
7.32%
IGEB:
5.77%
BAB:
-27.80%
IGEB:
-22.04%
BAB:
-11.49%
IGEB:
-5.12%
Returns By Period
In the year-to-date period, BAB achieves a 1.70% return, which is significantly higher than IGEB's 1.56% return.
BAB
1.70%
1.54%
-0.12%
3.86%
-0.41%
2.73%
IGEB
1.56%
0.61%
0.40%
5.68%
1.06%
N/A
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BAB vs. IGEB - Expense Ratio Comparison
BAB has a 0.28% expense ratio, which is higher than IGEB's 0.18% expense ratio.
Risk-Adjusted Performance
BAB vs. IGEB — Risk-Adjusted Performance Rank
BAB
IGEB
BAB vs. IGEB - Risk-Adjusted Performance 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.
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Dividends
BAB vs. IGEB - Dividend Comparison
BAB's dividend yield for the trailing twelve months is around 4.00%, less than IGEB's 5.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAB Invesco Taxable Municipal Bond ETF | 4.00% | 3.97% | 3.65% | 3.40% | 2.63% | 2.96% | 3.77% | 4.20% | 3.96% | 4.26% | 4.71% | 4.59% |
IGEB iShares Investment Grade Bond Factor ETF | 5.14% | 5.09% | 4.60% | 3.64% | 2.67% | 3.56% | 5.61% | 3.59% | 1.61% | 0.00% | 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 -22.04%. Use the drawdown chart below to compare losses from any high point for BAB and IGEB. For additional features, visit the drawdowns tool.
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Volatility
BAB vs. IGEB - Volatility Comparison
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