GBAB vs. BAB
GBAB (Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust) is a stock, while BAB (Invesco Taxable Municipal Bond ETF) is Municipal Bonds fund tracking the BofA Merrill Lynch Build America Bond Index. Over the past 10 years, GBAB returned 2.94%/yr vs 2.15%/yr for BAB. At a 0.35 correlation, their price movements are largely independent.
Performance
GBAB vs. BAB - Performance Comparison
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Returns By Period
In the year-to-date period, GBAB achieves a -0.59% return, which is significantly lower than BAB's 0.41% return. Over the past 10 years, GBAB has outperformed BAB with an annualized return of 2.94%, while BAB has yielded a comparatively lower 2.15% annualized return.
GBAB
- 1D
- 0.00%
- 1M
- 2.27%
- YTD
- -0.59%
- 6M
- -1.45%
- 1Y
- 4.98%
- 3Y*
- 5.40%
- 5Y*
- -2.31%
- 10Y*
- 2.94%
BAB
- 1D
- -0.04%
- 1M
- 1.11%
- YTD
- 0.41%
- 6M
- 0.48%
- 1Y
- 6.00%
- 3Y*
- 4.30%
- 5Y*
- -0.58%
- 10Y*
- 2.15%
GBAB vs. BAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | -0.59% | 8.38% | 2.86% | 8.57% | -25.10% | -0.92% | 14.69% | 15.16% | 3.50% | 13.55% |
BAB Invesco Taxable Municipal Bond ETF | 0.41% | 8.30% | 1.03% | 8.67% | -19.50% | 1.00% | 9.11% | 10.85% | 0.93% | 9.87% |
Correlation
The correlation between GBAB and BAB 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 | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2010 | 0.35 |
The correlation between GBAB and BAB shifts across timeframes, from 0.35 (all time) to 0.46 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GBAB vs. BAB — Risk / Return Rank
GBAB
BAB
GBAB vs. BAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) and Invesco Taxable Municipal Bond ETF (BAB). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GBAB | BAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.19 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 1.45 | -0.95 |
| Martin ratioReturn relative to average drawdown | 1.42 | 3.89 | -2.47 |
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Drawdowns
GBAB vs. BAB - Drawdown Comparison
The maximum GBAB drawdown since its inception was -35.81%, which is greater than BAB's maximum drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for GBAB and BAB.
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Drawdown Indicators
| GBAB | BAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.81% | -27.80% | -8.01% |
Max Drawdown (1Y)Largest decline over 1 year | -9.98% | -4.15% | -5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -17.29% | -7.57% | -9.72% |
Max Drawdown (5Y)Largest decline over 5 years | -35.81% | -24.95% | -10.86% |
Max Drawdown (10Y)Largest decline over 10 years | -35.81% | -27.80% | -8.01% |
Current DrawdownCurrent decline from peak | -13.94% | -5.37% | -8.57% |
Average DrawdownAverage peak-to-trough decline | -8.30% | -5.31% | -2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.51% | 1.55% | +1.96% |
Volatility
GBAB vs. BAB - Volatility Comparison
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) has a higher volatility of 1.57% compared to Invesco Taxable Municipal Bond ETF (BAB) at 0.98%. This indicates that GBAB's price experiences larger fluctuations and is considered to be riskier than BAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GBAB | BAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.57% | 0.98% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 8.53% | 3.75% | +4.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 5.66% | +5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.63% | 8.31% | +6.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.96% | 9.68% | +5.28% |
Dividends
GBAB vs. BAB - Dividend Comparison
GBAB's dividend yield for the trailing twelve months is around 10.71%, more than BAB's 4.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAB Invesco Taxable Municipal Bond ETF | 4.12% | 3.96% | 3.97% | 3.65% | 3.40% | 2.63% | 2.96% | 3.77% | 4.20% | 3.96% | 4.26% | 4.71% |
GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 10.71% | 10.11% | 9.93% | 9.32% | 9.22% | 6.36% | 5.92% | 6.37% | 6.88% | 6.64% | 7.51% | 7.78% |
Frequently Asked Questions
GBAB and BAB 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.
GBAB has higher volatility (1.57%) compared to BAB (0.98%). In terms of maximum drawdown, GBAB dropped -35.81% vs BAB's -27.80%.
BAB currently has the higher Sharpe Ratio (1.06 vs 0.44), 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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