BAB vs. NVG
Compare and contrast key facts about Invesco Taxable Municipal Bond ETF (BAB) and Nuveen AMT-Free Municipal Credit Income Fund (NVG).
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. NVG - Performance Comparison
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BAB vs. NVG - 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% |
NVG Nuveen AMT-Free Municipal Credit Income Fund | -0.81% | 11.61% | 10.79% | 1.94% | -28.47% | 12.14% | 6.40% | 25.63% | -4.03% | 13.19% |
Returns By Period
In the year-to-date period, BAB achieves a 0.13% return, which is significantly higher than NVG's -0.81% return. Over the past 10 years, BAB has underperformed NVG with an annualized return of 2.59%, while NVG has yielded a comparatively higher 3.74% 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%
NVG
- 1D
- 2.84%
- 1M
- -6.72%
- YTD
- -0.81%
- 6M
- 4.12%
- 1Y
- 7.56%
- 3Y*
- 8.43%
- 5Y*
- -0.35%
- 10Y*
- 3.74%
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Return for Risk
BAB vs. NVG — Risk / Return Rank
BAB
NVG
BAB vs. NVG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Taxable Municipal Bond ETF (BAB) and Nuveen AMT-Free Municipal Credit Income Fund (NVG). 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 | NVG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.66 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.17 | 0.95 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.14 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 0.82 | +0.45 |
Martin ratioReturn relative to average drawdown | 3.79 | 2.68 | +1.10 |
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 | NVG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.66 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | -0.03 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.29 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.39 | +0.13 |
Correlation
The correlation between BAB and NVG is 0.29, 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. NVG - Dividend Comparison
BAB's dividend yield for the trailing twelve months is around 4.03%, less than NVG's 7.69% 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% |
NVG Nuveen AMT-Free Municipal Credit Income Fund | 7.69% | 7.49% | 6.74% | 4.45% | 6.18% | 4.69% | 5.24% | 4.94% | 6.07% | 5.67% | 6.17% | 5.46% |
Drawdowns
BAB vs. NVG - Drawdown Comparison
The maximum BAB drawdown since its inception was -27.80%, smaller than the maximum NVG drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for BAB and NVG.
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Drawdown Indicators
| BAB | NVG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.80% | -41.72% | +13.92% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -10.44% | +5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -40.58% | +15.63% |
Max Drawdown (10Y)Largest decline over 10 years | -27.80% | -40.58% | +12.78% |
Current DrawdownCurrent decline from peak | -5.64% | -10.57% | +4.93% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -7.92% | +2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 3.18% | -1.68% |
Volatility
BAB vs. NVG - Volatility Comparison
The current volatility for Invesco Taxable Municipal Bond ETF (BAB) is 2.16%, while Nuveen AMT-Free Municipal Credit Income Fund (NVG) has a volatility of 5.12%. This indicates that BAB experiences smaller price fluctuations and is considered to be less risky than NVG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAB | NVG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 5.12% | -2.96% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 7.38% | -3.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.62% | 11.58% | -4.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 12.88% | -4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.70% | 12.79% | -3.09% |