BAB vs. MUB
Compare and contrast key facts about Invesco Taxable Municipal Bond ETF (BAB) and iShares National AMT-Free Muni Bond ETF (MUB).
BAB and MUB 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. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007. Both BAB and MUB 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 MUB.
Key characteristics
| BAB | MUB | |
|---|---|---|
| YTD Return | 2.65% | 1.46% |
| 1Y Return | 11.04% | 7.78% |
| 3Y Return (Ann) | -3.77% | -0.16% |
| 5Y Return (Ann) | 0.03% | 1.26% |
| 10Y Return (Ann) | 2.65% | 2.17% |
| Sharpe Ratio | 1.26 | 2.02 |
| Sortino Ratio | 1.88 | 3.09 |
| Omega Ratio | 1.23 | 1.38 |
| Calmar Ratio | 0.50 | 0.90 |
| Martin Ratio | 4.71 | 8.36 |
| Ulcer Index | 2.16% | 0.90% |
| Daily Std Dev | 8.05% | 3.74% |
| Max Drawdown | -27.80% | -13.68% |
| Current Drawdown | -11.58% | -1.31% |
Correlation
The correlation between BAB and MUB is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BAB vs. MUB - Performance Comparison
In the year-to-date period, BAB achieves a 2.65% return, which is significantly higher than MUB's 1.46% return. Over the past 10 years, BAB has outperformed MUB with an annualized return of 2.65%, while MUB has yielded a comparatively lower 2.17% annualized 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. MUB - Expense Ratio Comparison
BAB has a 0.28% expense ratio, which is higher than MUB's 0.07% expense ratio.
Risk-Adjusted Performance
BAB vs. MUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Taxable Municipal Bond ETF (BAB) and iShares National AMT-Free Muni Bond ETF (MUB). 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. MUB - Dividend Comparison
BAB's dividend yield for the trailing twelve months is around 3.85%, more than MUB's 2.95% 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% |
MUB iShares National AMT-Free Muni Bond ETF | 2.95% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
Drawdowns
BAB vs. MUB - Drawdown Comparison
The maximum BAB drawdown since its inception was -27.80%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for BAB and MUB. For additional features, visit the drawdowns tool.
Volatility
BAB vs. MUB - Volatility Comparison
Invesco Taxable Municipal Bond ETF (BAB) has a higher volatility of 1.66% compared to iShares National AMT-Free Muni Bond ETF (MUB) at 1.04%. This indicates that BAB's price experiences larger fluctuations and is considered to be riskier than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.