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ETFs

Invesco Taxable Municipal Bond ETF

BAB
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Nov 17, 2009
Expense Ratio
0.28%
Type
US Bonds
Fund Owner
Invesco
Volume (1m avg. daily)
$6,217,696
AUM
$1,490,358,285
Associated Index
ICE BofA Merrill Lynch US Taxable Municipal Securities Plus Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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State of California
1.39%
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State of California
1.16%
—
State of California
1.12%
—
University of California
0.82%
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Univ CA 3.349 % Bonds 2019-01.07.29 Series BD
0.81%
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Texas Transportation Commission State Highway Fund
0.8%
AGPXX
Short-Term Investment Trust - AIM Short Term Investments Trust Govt & Agency Portfolio Inst Class
0.78%
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American Municipal Power Inc
0.68%
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St CA 7.35 % Bonds 2009-1.11.39 Build Amer Bds
0.67%
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Board of Regents of the University of Texas System
0.66%
Invest with BAB
Trade BAB Options

What is BAB?

The Invesco Taxable Municipal Bond ETF (Fund) is based on the ICE BofAML US Taxable Municipal Securities Plus Index (Index). The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. The Index is designed to track the performance of US dollar-denominated taxable municipal debt publicly issued by US states and territories, and their political subdivisions, in the US market. The Fund and the Index are rebalanced and reconstituted monthly.

1M
3M
6M
YTD
1Y
3Y
Max
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BAB
Performance Measures**

for the time period Nov 17, 2009 to Dec 4, 2025

Returns

1M Trailing Return: 0.1%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 2.4%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -27.8%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 67.6%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.32

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.50

The annualized return divided by the max drawdown for the selected time period.

ETFs related toBAB

ETFs correlated to BAB include ILTB, TLH, GOVI

BAB
Invesco Capital Management LLC - Invesco Taxable Municipal Bond ETF
ILTB
BlackRock Institutional Trust Company N.A. - iShares Core 10+ Year USD Bond ETF
TLH
BlackRock Institutional Trust Company N.A. - iShares 10-20 Year Treasury Bond ETF
GOVI
Invesco Capital Management LLC - Invesco Equal Weight 0-30 Year Treasury ETF
BLV
Vanguard Group, Inc. - Vanguard Long-Term Bond ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
SPTL
SSgA Active Trust - SPDR Portfolio Long Term Treasury ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
VGLT
Vanguard Group, Inc. - Vanguard Long-Term Treasury ETF
EAGG
iShares Trust - iShares ESG Aware U.S. Aggregate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

BAB is a US Bonds ETF. The Invesco Taxable Municipal Bond ETF (Fund) is based on the ICE BofAML US Taxable Municipal Securities Plus Index (Index). The Fund will normally invest at least 80% of its total assets in the securities that comprise the Index. The Index is designed to track the performance of US dollar-denominated taxable municipal debt publicly issued by US states and territories, and their political subdivisions, in the US market. The Fund and the Index are rebalanced and reconstituted monthly.

BAB tracks the ICE BofA Merrill Lynch US Taxable Municipal Securities Plus Index.

No, BAB is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, BAB is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on BAB is -0.0154%. This is the percent change in the value of BAB over the most recent 1-month period. The 3-month return on BAB is -0.0412%. This is the percent change in the value of BAB over the most recent 3-month period.

The standard deviation of BAB for the past year is 0.1025%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to BAB include SUB, HYD, and CMF.

ETFs correlated to BAB include ILTB, TLH, and GOVI.

ETFs that are inversely correlated to BAB include TTT, TBF, and TBT.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.