BAB vs. MEAR
Compare and contrast key facts about Invesco Taxable Municipal Bond ETF (BAB) and iShares Short Maturity Municipal Bond ETF (MEAR).
BAB and MEAR 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. MEAR is an actively managed fund by iShares. It was launched on Mar 3, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BAB or MEAR.
Key characteristics
| BAB | MEAR | |
|---|---|---|
| YTD Return | 2.65% | 3.14% |
| 1Y Return | 11.04% | 4.24% |
| 3Y Return (Ann) | -3.77% | 2.37% |
| 5Y Return (Ann) | 0.03% | 1.71% |
| Sharpe Ratio | 1.26 | 4.79 |
| Sortino Ratio | 1.88 | 8.22 |
| Omega Ratio | 1.23 | 2.15 |
| Calmar Ratio | 0.50 | 17.81 |
| Martin Ratio | 4.71 | 76.77 |
| Ulcer Index | 2.16% | 0.06% |
| Daily Std Dev | 8.05% | 0.89% |
| Max Drawdown | -27.80% | -2.68% |
| Current Drawdown | -11.58% | -0.04% |
Correlation
The correlation between BAB and MEAR is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
BAB vs. MEAR - Performance Comparison
In the year-to-date period, BAB achieves a 2.65% return, which is significantly lower than MEAR's 3.14% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BAB vs. MEAR - Expense Ratio Comparison
BAB has a 0.28% expense ratio, which is higher than MEAR's 0.25% expense ratio.
Risk-Adjusted Performance
BAB vs. MEAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Taxable Municipal Bond ETF (BAB) and iShares Short Maturity Municipal Bond ETF (MEAR). 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.
Dividends
BAB vs. MEAR - Dividend Comparison
BAB's dividend yield for the trailing twelve months is around 3.85%, more than MEAR's 3.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAB Invesco Taxable Municipal Bond ETF | 3.85% | 3.66% | 3.40% | 2.63% | 2.96% | 3.77% | 4.20% | 3.96% | 4.27% | 4.71% | 4.59% | 5.19% |
MEAR iShares Short Maturity Municipal Bond ETF | 3.47% | 3.30% | 0.88% | 0.30% | 0.90% | 1.57% | 1.36% | 1.01% | 0.81% | 0.53% | 0.00% | 0.00% |
Drawdowns
BAB vs. MEAR - Drawdown Comparison
The maximum BAB drawdown since its inception was -27.80%, which is greater than MEAR's maximum drawdown of -2.68%. Use the drawdown chart below to compare losses from any high point for BAB and MEAR. For additional features, visit the drawdowns tool.
Volatility
BAB vs. MEAR - Volatility Comparison
Invesco Taxable Municipal Bond ETF (BAB) has a higher volatility of 1.66% compared to iShares Short Maturity Municipal Bond ETF (MEAR) at 0.30%. This indicates that BAB's price experiences larger fluctuations and is considered to be riskier than MEAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.