GBAB vs. BAB
Compare and contrast key facts about Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) and Invesco Taxable Municipal Bond ETF (BAB).
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
GBAB vs. BAB - Performance Comparison
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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 | -0.37% | 8.38% | 2.86% | 8.57% | -25.10% | -0.92% | 14.69% | 15.16% | 3.50% | 13.55% |
BAB Invesco Taxable Municipal Bond ETF | 0.13% | 8.30% | 1.03% | 8.67% | -19.50% | 1.00% | 9.11% | 10.85% | 0.93% | 9.87% |
Returns By Period
In the year-to-date period, GBAB achieves a -0.37% return, which is significantly lower than BAB's 0.13% return. Over the past 10 years, GBAB has outperformed BAB with an annualized return of 3.12%, while BAB has yielded a comparatively lower 2.59% annualized return.
GBAB
- 1D
- 3.65%
- 1M
- -5.48%
- YTD
- -0.37%
- 6M
- -2.22%
- 1Y
- 3.00%
- 3Y*
- 4.24%
- 5Y*
- -0.96%
- 10Y*
- 3.12%
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%
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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.
| GBAB | BAB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.23 | 0.79 | -0.56 |
Sortino ratioReturn per unit of downside risk | 0.40 | 1.17 | -0.77 |
Omega ratioGain probability vs. loss probability | 1.06 | 1.14 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 0.43 | 1.27 | -0.84 |
Martin ratioReturn relative to average drawdown | 1.47 | 3.79 | -2.31 |
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
| GBAB | BAB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.23 | 0.79 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.07 | 0.00 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.21 | 0.27 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.52 | -0.12 |
Correlation
The correlation between GBAB and BAB is 0.34, 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
GBAB vs. BAB - Dividend Comparison
GBAB's dividend yield for the trailing twelve months is around 10.41%, more than BAB's 4.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GBAB Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust | 10.41% | 10.11% | 9.93% | 9.32% | 9.22% | 6.36% | 5.92% | 6.37% | 6.88% | 6.64% | 7.51% | 7.78% |
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% |
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 | -8.80% | -4.50% | -4.30% |
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 | -13.75% | -5.64% | -8.11% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -5.30% | -2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 1.50% | +1.08% |
Volatility
GBAB vs. BAB - Volatility Comparison
Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust (GBAB) has a higher volatility of 6.12% compared to Invesco Taxable Municipal Bond ETF (BAB) at 2.16%. 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 | 6.12% | 2.16% | +3.96% |
Volatility (6M)Calculated over the trailing 6-month period | 8.38% | 3.90% | +4.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.93% | 6.62% | +6.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.56% | 8.31% | +6.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 9.70% | +5.37% |