RTAI vs. BAB
RTAI (Rareview Tax Advantaged Income ETF) and BAB (Invesco Taxable Municipal Bond ETF) are both Municipal Bonds funds. RTAI is actively managed, while BAB is passively managed. Over the past 5 years, RTAI returned -0.71%/yr vs -0.29%/yr for BAB. At a 0.47 correlation, their price movements are largely independent. RTAI charges 3.78%/yr vs 0.28%/yr for BAB.
Performance
RTAI vs. BAB - Performance Comparison
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Returns By Period
In the year-to-date period, RTAI achieves a 2.79% return, which is significantly higher than BAB's 0.12% return.
RTAI
- 1D
- 0.15%
- 1M
- 1.10%
- YTD
- 2.79%
- 6M
- 3.48%
- 1Y
- 10.46%
- 3Y*
- 7.37%
- 5Y*
- -0.71%
- 10Y*
- —
BAB
- 1D
- 0.19%
- 1M
- -0.08%
- YTD
- 0.12%
- 6M
- 0.14%
- 1Y
- 7.08%
- 3Y*
- 4.42%
- 5Y*
- -0.29%
- 10Y*
- 2.24%
RTAI vs. BAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
RTAI Rareview Tax Advantaged Income ETF | 2.79% | 5.54% | 7.17% | 4.33% | -22.55% | 10.62% | 5.10% |
BAB Invesco Taxable Municipal Bond ETF | 0.12% | 8.30% | 1.03% | 8.67% | -19.50% | 1.00% | 2.67% |
Correlation
The correlation between RTAI and BAB is 0.44, 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 RTAI and BAB has been stable across timeframes, ranging from 0.44 to 0.53 - a consistent structural relationship.
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Return for Risk
RTAI vs. BAB — Risk / Return Rank
RTAI
BAB
RTAI vs. BAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rareview Tax Advantaged Income ETF (RTAI) 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.
| RTAI | BAB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.59 | 1.23 | +0.36 |
Sortino ratioReturn per unit of downside risk | 2.58 | 1.89 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.61 | +0.02 |
Martin ratioReturn relative to average drawdown | 6.68 | 4.61 | +2.07 |
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
| RTAI | BAB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.59 | 1.23 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.08 | -0.04 | -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 | 0.18 | 0.52 | -0.34 |
Drawdowns
RTAI vs. BAB - Drawdown Comparison
The maximum RTAI drawdown since its inception was -34.32%, which is greater than BAB's maximum drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for RTAI and BAB.
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Drawdown Indicators
| RTAI | BAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.32% | -27.80% | -6.52% |
Max Drawdown (1Y)Largest decline over 1 year | -6.18% | -4.15% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -15.71% | -7.57% | -8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -34.32% | -24.95% | -9.37% |
Max Drawdown (10Y)Largest decline over 10 years | — | -27.80% | — |
Current DrawdownCurrent decline from peak | -7.33% | -5.64% | -1.69% |
Average DrawdownAverage peak-to-trough decline | -13.84% | -5.31% | -8.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.51% | 1.45% | +0.06% |
Volatility
RTAI vs. BAB - Volatility Comparison
Rareview Tax Advantaged Income ETF (RTAI) has a higher volatility of 2.90% compared to Invesco Taxable Municipal Bond ETF (BAB) at 1.77%. This indicates that RTAI'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
| RTAI | BAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 1.77% | +1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 5.36% | 3.79% | +1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.62% | 5.81% | +0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.33% | 8.34% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.06% | 9.70% | -0.64% |
RTAI vs. BAB - Expense Ratio Comparison
RTAI has a 3.78% expense ratio, which is higher than BAB's 0.28% expense ratio.
Dividends
RTAI vs. BAB - Dividend Comparison
RTAI's dividend yield for the trailing twelve months is around 5.52%, more than BAB's 4.10% 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 | 5.04% | 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
RTAI and BAB have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RTAI has higher volatility (2.90%) compared to BAB (1.77%). In terms of maximum drawdown, RTAI dropped -34.32% vs BAB's -27.80%.
On 5-year performance, BAB leads with -0.29% vs -0.71% for RTAI. On fees, BAB is cheaper at 0.28% per year. On volatility, BAB has been the lower-risk option at 1.77%. 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 -0.29% return vs -0.71%. 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 5.52%, compared with 4.10% for BAB.
They also come from different issuers: Rareview Funds and Invesco. Their fees differ too: 3.78% for RTAI and 0.28% for BAB.
RTAI currently has the higher Sharpe Ratio (1.59 vs 1.23), 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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