SOAIX vs. BAB
SOAIX (Spirit of America Income Fund) and BAB (Invesco Taxable Municipal Bond ETF) are both funds - SOAIX is a Long-Term Bond fund managed by Spirit of America, while BAB is a Municipal Bonds fund tracking the BofA Merrill Lynch Build America Bond Index. Over the past 10 years, SOAIX returned 3.23%/yr vs 2.15%/yr for BAB. A 0.70 correlation means they provide meaningful diversification when combined. SOAIX charges 1.12%/yr vs 0.28%/yr for BAB.
Performance
SOAIX vs. BAB - Performance Comparison
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Returns By Period
In the year-to-date period, SOAIX achieves a 1.19% return, which is significantly higher than BAB's 0.41% return. Over the past 10 years, SOAIX has outperformed BAB with an annualized return of 3.23%, while BAB has yielded a comparatively lower 2.15% annualized return.
SOAIX
- 1D
- -0.40%
- 1M
- 0.86%
- YTD
- 1.19%
- 6M
- 1.71%
- 1Y
- 5.90%
- 3Y*
- 5.77%
- 5Y*
- 1.48%
- 10Y*
- 3.23%
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%
SOAIX vs. BAB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOAIX Spirit of America Income Fund | 1.19% | 6.50% | 5.37% | 6.91% | -12.68% | 4.59% | 5.96% | 11.66% | -0.83% | 7.53% |
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 SOAIX and BAB is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2009 | 0.70 |
The correlation between SOAIX and BAB shifts across timeframes, from 0.68 (10 years) to 0.79 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SOAIX vs. BAB — Risk / Return Rank
SOAIX
BAB
SOAIX vs. BAB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spirit of America Income Fund (SOAIX) 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.
| SOAIX | BAB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.19 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 1.45 | +0.52 |
| Martin ratioReturn relative to average drawdown | 5.23 | 3.89 | +1.34 |
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Drawdowns
SOAIX vs. BAB - Drawdown Comparison
The maximum SOAIX drawdown since its inception was -16.76%, smaller than the maximum BAB drawdown of -27.80%. Use the drawdown chart below to compare losses from any high point for SOAIX and BAB.
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Drawdown Indicators
| SOAIX | BAB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.76% | -27.80% | +11.04% |
Max Drawdown (1Y)Largest decline over 1 year | -3.16% | -4.15% | +0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -6.76% | -7.57% | +0.81% |
Max Drawdown (5Y)Largest decline over 5 years | -16.76% | -24.95% | +8.19% |
Max Drawdown (10Y)Largest decline over 10 years | -16.76% | -27.80% | +11.04% |
Current DrawdownCurrent decline from peak | -1.78% | -5.37% | +3.59% |
Average DrawdownAverage peak-to-trough decline | -3.09% | -5.31% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 1.55% | -0.36% |
Volatility
SOAIX vs. BAB - Volatility Comparison
Spirit of America Income Fund (SOAIX) has a higher volatility of 1.14% compared to Invesco Taxable Municipal Bond ETF (BAB) at 0.98%. This indicates that SOAIX'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
| SOAIX | BAB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 0.98% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 3.75% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.91% | 5.66% | -1.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.04% | 8.31% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.47% | 9.68% | -4.21% |
SOAIX vs. BAB - Expense Ratio Comparison
SOAIX has a 1.12% expense ratio, which is higher than BAB's 0.28% expense ratio.
Dividends
SOAIX vs. BAB - Dividend Comparison
SOAIX's dividend yield for the trailing twelve months is around 6.64%, 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% |
SOAIX Spirit of America Income Fund | 6.64% | 6.57% | 5.41% | 6.09% | 8.05% | 4.93% | 3.79% | 4.27% | 4.71% | 4.36% | 4.42% | 4.74% |
Frequently Asked Questions
SOAIX and BAB have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SOAIX has higher volatility (1.14%) compared to BAB (0.98%). In terms of maximum drawdown, SOAIX dropped -16.76% vs BAB's -27.80%.
SOAIX currently has the higher Sharpe Ratio (1.60 vs 1.06), 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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