BAB vs. NAD
Compare and contrast key facts about Invesco Taxable Municipal Bond ETF (BAB) and Nuveen Quality Municipal Income Fund (NAD).
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.
Performance
BAB vs. NAD - Performance Comparison
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BAB vs. NAD - 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% | 9.87% |
NAD Nuveen Quality Municipal Income Fund | -2.64% | 11.29% | 8.74% | 1.26% | -22.85% | 9.70% | 10.33% | 21.92% | -6.10% | 6.37% |
Returns By Period
In the year-to-date period, BAB achieves a 0.13% return, which is significantly higher than NAD's -2.64% return. Over the past 10 years, BAB has underperformed NAD with an annualized return of 2.59%, while NAD has yielded a comparatively higher 2.89% annualized 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%
NAD
- 1D
- 2.31%
- 1M
- -5.72%
- YTD
- -2.64%
- 6M
- 1.90%
- 1Y
- 7.58%
- 3Y*
- 6.52%
- 5Y*
- 0.20%
- 10Y*
- 2.89%
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Return for Risk
BAB vs. NAD — Risk / Return Rank
BAB
NAD
BAB vs. NAD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Taxable Municipal Bond ETF (BAB) and Nuveen Quality Municipal Income Fund (NAD). 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 | NAD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.67 | +0.12 |
Sortino ratioReturn per unit of downside risk | 1.17 | 0.96 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.15 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.05 | +0.21 |
Martin ratioReturn relative to average drawdown | 3.79 | 4.47 | -0.69 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BAB | NAD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.67 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.02 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.25 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.37 | +0.15 |
Correlation
The correlation between BAB and NAD is 0.30, 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.
Dividends
BAB vs. NAD - Dividend Comparison
BAB's dividend yield for the trailing twelve months is around 4.03%, less than NAD's 7.57% 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% |
NAD Nuveen Quality Municipal Income Fund | 7.57% | 7.37% | 6.63% | 4.13% | 5.58% | 4.43% | 4.41% | 4.40% | 5.37% | 5.42% | 6.05% | 5.96% |
Drawdowns
BAB vs. NAD - Drawdown Comparison
The maximum BAB drawdown since its inception was -27.80%, smaller than the maximum NAD drawdown of -44.65%. Use the drawdown chart below to compare losses from any high point for BAB and NAD.
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Drawdown Indicators
| BAB | NAD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.80% | -44.65% | +16.85% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -8.08% | +3.58% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -35.58% | +10.63% |
Max Drawdown (10Y)Largest decline over 10 years | -27.80% | -35.58% | +7.78% |
Current DrawdownCurrent decline from peak | -5.64% | -8.44% | +2.80% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -7.84% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 1.90% | -0.40% |
Volatility
BAB vs. NAD - Volatility Comparison
The current volatility for Invesco Taxable Municipal Bond ETF (BAB) is 2.16%, while Nuveen Quality Municipal Income Fund (NAD) has a volatility of 6.01%. This indicates that BAB experiences smaller price fluctuations and is considered to be less risky than NAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAB | NAD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 6.01% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 7.99% | -4.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.62% | 11.32% | -4.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 11.31% | -3.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.70% | 11.84% | -2.14% |