BAB vs. RSP
Compare and contrast key facts about Invesco Taxable Municipal Bond ETF (BAB) and Invesco S&P 500 Equal Weight ETF (RSP).
BAB and RSP 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. RSP is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weight Index. It was launched on Apr 24, 2003. Both BAB and RSP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BAB vs. RSP - Performance Comparison
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BAB vs. RSP - 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% |
RSP Invesco S&P 500 Equal Weight ETF | 0.62% | 11.21% | 12.79% | 13.70% | -11.62% | 29.41% | 12.66% | 28.91% | -7.84% | 18.52% |
Returns By Period
In the year-to-date period, BAB achieves a 0.13% return, which is significantly lower than RSP's 0.62% return. Over the past 10 years, BAB has underperformed RSP with an annualized return of 2.59%, while RSP has yielded a comparatively higher 11.17% 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%
RSP
- 1D
- 2.05%
- 1M
- -5.97%
- YTD
- 0.62%
- 6M
- 2.01%
- 1Y
- 12.65%
- 3Y*
- 11.72%
- 5Y*
- 7.81%
- 10Y*
- 11.17%
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BAB vs. RSP - Expense Ratio Comparison
BAB has a 0.28% expense ratio, which is higher than RSP's 0.20% expense ratio.
Return for Risk
BAB vs. RSP — Risk / Return Rank
BAB
RSP
BAB vs. RSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Taxable Municipal Bond ETF (BAB) and Invesco S&P 500 Equal Weight ETF (RSP). 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 | RSP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.79 | 0.74 | +0.05 |
Sortino ratioReturn per unit of downside risk | 1.17 | 1.15 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.16 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.08 | +0.18 |
Martin ratioReturn relative to average drawdown | 3.79 | 4.89 | -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 | RSP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.79 | 0.74 | +0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.00 | 0.48 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | 0.61 | -0.34 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.55 | -0.03 |
Correlation
The correlation between BAB and RSP is -0.17. 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.
Dividends
BAB vs. RSP - Dividend Comparison
BAB's dividend yield for the trailing twelve months is around 4.03%, more than RSP's 1.62% 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% |
RSP Invesco S&P 500 Equal Weight ETF | 1.62% | 1.64% | 1.52% | 1.64% | 1.82% | 1.28% | 1.64% | 1.69% | 2.02% | 1.52% | 1.20% | 1.70% |
Drawdowns
BAB vs. RSP - Drawdown Comparison
The maximum BAB drawdown since its inception was -27.80%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for BAB and RSP.
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Drawdown Indicators
| BAB | RSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.80% | -59.92% | +32.12% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -12.54% | +8.04% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -21.38% | -3.57% |
Max Drawdown (10Y)Largest decline over 10 years | -27.80% | -39.04% | +11.24% |
Current DrawdownCurrent decline from peak | -5.64% | -5.97% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -6.69% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.50% | 2.78% | -1.28% |
Volatility
BAB vs. RSP - Volatility Comparison
The current volatility for Invesco Taxable Municipal Bond ETF (BAB) is 2.16%, while Invesco S&P 500 Equal Weight ETF (RSP) has a volatility of 4.47%. This indicates that BAB experiences smaller price fluctuations and is considered to be less risky than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAB | RSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.16% | 4.47% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 3.90% | 8.83% | -4.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.62% | 17.17% | -10.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.31% | 16.20% | -7.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.70% | 18.36% | -8.66% |