BAB vs. RTAI
BAB (Invesco Taxable Municipal Bond ETF) and RTAI (Rareview Tax Advantaged Income ETF) are both Municipal Bonds funds. BAB is passively managed, while RTAI is actively managed. Over the past 5 years, BAB returned -0.38%/yr vs -0.79%/yr for RTAI. At a 0.47 correlation, their price movements are largely independent. BAB charges 0.28%/yr vs 3.78%/yr for RTAI.
Performance
BAB vs. RTAI - Performance Comparison
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Returns By Period
In the year-to-date period, BAB achieves a 0.12% return, which is significantly lower than RTAI's 2.45% return.
BAB
- 1D
- 0.00%
- 1M
- 0.33%
- YTD
- 0.12%
- 6M
- -0.01%
- 1Y
- 7.16%
- 3Y*
- 4.42%
- 5Y*
- -0.38%
- 10Y*
- 2.24%
RTAI
- 1D
- -0.33%
- 1M
- 1.63%
- YTD
- 2.45%
- 6M
- 2.47%
- 1Y
- 10.41%
- 3Y*
- 7.25%
- 5Y*
- -0.79%
- 10Y*
- —
BAB vs. RTAI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BAB Invesco Taxable Municipal Bond ETF | 0.12% | 8.30% | 1.03% | 8.67% | -19.50% | 1.00% | 2.67% |
RTAI Rareview Tax Advantaged Income ETF | 2.45% | 5.54% | 7.17% | 4.33% | -22.55% | 10.62% | 5.10% |
Correlation
The correlation between BAB and RTAI is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020 | 0.47 |
The correlation between BAB and RTAI has been stable across timeframes, ranging from 0.43 to 0.53 - a consistent structural relationship.
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Return for Risk
BAB vs. RTAI — Risk / Return Rank
BAB
RTAI
BAB vs. RTAI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Taxable Municipal Bond ETF (BAB) and Rareview Tax Advantaged Income ETF (RTAI). 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 | RTAI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.69 | +0.04 |
| Martin ratioReturn relative to average drawdown | 4.93 | 6.90 | -1.96 |
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 | RTAI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 1.58 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.05 | -0.09 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.17 | +0.35 |
Drawdowns
BAB vs. RTAI - Drawdown Comparison
The maximum BAB drawdown since its inception was -27.80%, smaller than the maximum RTAI drawdown of -34.32%. Use the drawdown chart below to compare losses from any high point for BAB and RTAI.
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Drawdown Indicators
| BAB | RTAI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.80% | -34.32% | +6.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.15% | -6.18% | +2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -7.57% | -15.71% | +8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -24.95% | -34.32% | +9.37% |
Max Drawdown (10Y)Largest decline over 10 years | -27.80% | — | — |
Current DrawdownCurrent decline from peak | -5.64% | -7.64% | +2.00% |
Average DrawdownAverage peak-to-trough decline | -5.31% | -13.83% | +8.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.46% | 1.51% | -0.05% |
Volatility
BAB vs. RTAI - Volatility Comparison
The current volatility for Invesco Taxable Municipal Bond ETF (BAB) is 1.72%, while Rareview Tax Advantaged Income ETF (RTAI) has a volatility of 2.77%. This indicates that BAB experiences smaller price fluctuations and is considered to be less risky than RTAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAB | RTAI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.72% | 2.77% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 3.78% | 5.36% | -1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.80% | 6.62% | -0.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.33% | 9.34% | -1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.69% | 9.05% | +0.64% |
BAB vs. RTAI - Expense Ratio Comparison
BAB has a 0.28% expense ratio, which is lower than RTAI's 3.78% expense ratio.
Dividends
BAB vs. RTAI - Dividend Comparison
BAB's dividend yield for the trailing twelve months is around 4.10%, less than RTAI's 5.05% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAB Invesco Taxable Municipal Bond ETF | 4.10% | 3.96% | 3.97% | 3.65% | 3.40% | 2.63% | 2.96% | 3.77% | 4.20% | 3.96% | 4.26% | 4.71% |
RTAI Rareview Tax Advantaged Income ETF | 5.05% | 5.66% | 5.02% | 3.07% | 3.71% | 4.73% | 0.48% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BAB and RTAI have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RTAI has higher volatility (2.77%) compared to BAB (1.72%). In terms of maximum drawdown, BAB dropped -27.80% vs RTAI's -34.32%.
On 5-year performance, BAB leads with -0.38% vs -0.79% for RTAI. On fees, BAB is cheaper at 0.28% per year. On volatility, BAB has been the lower-risk option at 1.72%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BAB has performed better with a -0.38% return vs -0.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BAB is cheaper with a 0.28% expense ratio, compared with 3.78% for RTAI.
RTAI has the higher dividend yield at 5.05%, compared with 4.10% for BAB.
They also come from different issuers: Invesco and Rareview Funds. Their fees differ too: 0.28% for BAB and 3.78% for RTAI.
RTAI currently has the higher Sharpe Ratio (1.58 vs 1.24), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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