BAB vs SPY

Comparison between INVESCO TAXABLE MUNICIPAL BOND ETF (BAB, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).

5-Year PerformanceSPY has outperformed BAB, delivering a return of +13.3% compared to -0.2%

BAB vs SPY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	BAB(ETF)	SPY(ETF)
Net Assets	$1B	$652B
Expense Ratio	0.28%	0.09%
Max Drawdown	29.50%	56.47%
Sharpe Ratio	0.54	2.07
5Y Beta	0.03	1.00
P/E Ratio	N/A	28.24
Forward P/E	N/A	21.85
5Y Dividends CAGR	3.27%	5.43%
5Y EPS CAGR	N/A	25.79%
Debt to Equity	N/A	22.35%
P/S Ratio	N/A	3.55
P/B Ratio	N/A	5.29

Net Assets

BAB

$1B

Winner

SPY

$652B

Expense Ratio

BAB

0.28%

Winner

SPY

0.09%

Max Drawdown

Winner

BAB

29.50%

SPY

56.47%

Sharpe Ratio

BAB

0.54

Winner

SPY

2.07

5Y Beta

Winner

BAB

0.03

SPY

1.00

P/E Ratio

BAB

N/A

SPY

28.24

Forward P/E

BAB

N/A

SPY

21.85

5Y Dividends CAGR

BAB

3.27%

Winner

SPY

5.43%

5Y EPS CAGR

BAB

N/A

SPY

25.79%

Debt to Equity

BAB

N/A

SPY

22.35%

P/S Ratio

BAB

N/A

SPY

3.55

P/B Ratio

BAB

N/A

SPY

5.29

BAB vs SPY - Historical Returns

Returns include dividend reinvestment.

Period	BAB	SPY
1 month	+0.19%	+9.11%
3 months	+0.07%	+6.59%
6 months	+0.59%	+10.56%
1 year	+6.84%	+32.04%
5 years(CAGR)	-0.22%	+13.35%
10 years(CAGR)	+2.50%	+15.49%
Max(CAGR)	+4.75%	+8.50%

BAB

+0.19%

Winner

SPY

+9.11%

BAB

+0.07%

Winner

SPY

+6.59%

BAB

+0.59%

Winner

SPY

+10.56%

BAB

+6.84%

Winner

SPY

+32.04%

5Y(CAGR)

BAB

-0.22%

Winner

SPY

+13.35%

10Y(CAGR)

BAB

+2.50%

Winner

SPY

+15.49%

Max(CAGR)

BAB

+4.75%

Winner

SPY

+8.50%

BAB vs SPY - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	BAB	SPY
2026	+0.56%	+8.27%
2025	+8.22%	+18.00%
2024	+1.68%	+25.59%
2023	+7.83%	+26.72%
2022	-18.48%	-18.64%
2021	+1.06%	+30.52%
2020	+8.66%	+17.28%
2019	+10.85%	+31.09%
2018	+1.36%	-5.24%
2017	+9.76%	+20.78%
2016	+4.06%	+13.59%
2015	-0.61%	+1.31%
2014	+16.75%	+14.56%
2013	-5.13%	+29.00%
2012	+11.26%	+14.17%
2011	+21.17%	+0.85%
2010	+9.24%	+13.14%
2009	-2.68%	+22.67%
2008	N/A	-36.25%
2007	N/A	+5.32%
2006	N/A	+13.85%
2005	N/A	+5.32%
2004	N/A	+10.75%
2003	N/A	+24.18%
2002	N/A	-22.42%
2001	N/A	-10.13%
2000	N/A	-8.84%
1999	N/A	+8.61%

BAB vs SPY Drawdown Comparison

The maximum drawdown for BAB was -27.80%, occurring on Mar 19, 2020. Recovery took 224 trading sessions.

The maximum drawdown for SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.

The current BAB drawdown is -5.32%.

Rank	BAB	SPY
#1	-27.80% Mar 9, 2020 - Jan 27, 2021	-55.20% Oct 9, 2007 - Aug 16, 2012
#2	-24.94% Aug 3, 2021 - Oct 24, 2022	-47.50% Mar 24, 2000 - Oct 26, 2006
#3	-12.13% May 1, 2013 - May 28, 2014	-33.70% Feb 19, 2020 - Aug 10, 2020
#4	-8.31% Jul 29, 2016 - Aug 23, 2017	-24.50% Jan 3, 2022 - Dec 13, 2023
#5	-7.40% Jan 30, 2015 - Feb 2, 2016	-19.34% Sep 20, 2018 - Apr 12, 2019
#6	-6.99% Aug 26, 2010 - May 4, 2011	-18.76% Feb 19, 2025 - Jun 26, 2025
#7	-6.51% Aug 4, 2011 - Aug 18, 2011	-13.02% Jul 20, 2015 - Apr 18, 2016
#8	-5.52% Oct 3, 2011 - Nov 23, 2011	-10.10% Jan 26, 2018 - Aug 6, 2018
#9	-5.40% Jan 27, 2021 - Jul 6, 2021	-9.44% Sep 2, 2020 - Nov 11, 2020
#10	-4.65% Jul 25, 2012 - Nov 8, 2012	-9.30% Jan 19, 2000 - Mar 17, 2000
#11	-4.26% Aug 28, 2019 - Jan 27, 2020	-9.05% Jul 19, 2007 - Oct 5, 2007
#12	-3.75% Dec 29, 2017 - Dec 19, 2018	-8.88% Jan 27, 2026 - Apr 14, 2026
#13	-3.62% Nov 30, 2009 - Feb 5, 2010	-8.41% Jul 16, 2024 - Sep 19, 2024
#14	-3.20% Mar 7, 2012 - Apr 9, 2012	-7.35% Sep 14, 2012 - Jan 2, 2013
#15	-2.95% Sep 22, 2011 - Oct 3, 2011	-7.27% Sep 18, 2014 - Oct 31, 2014

Correlation

Correlation between BAB and SPY is 0.80 which considered as a strong positive correlation - the stocks tend to move together.

0.80

-101

Dividend Comparison (1999 - 2026)

BAB vs SPY dividend yield comparison.

Year	BAB	SPY
2026	1.36%	0.24%
2025	3.96%	1.07%
2024	3.97%	1.21%
2023	3.65%	1.40%
2022	3.40%	1.65%
2021	2.63%	1.20%
2020	2.96%	1.52%
2019	3.77%	1.75%
2018	4.20%	2.04%
2017	3.96%	1.80%
2016	4.26%	2.03%
2015	4.71%	2.06%
2014	4.59%	1.87%
2013	5.18%	1.81%
2012	4.87%	2.18%
2011	5.21%	2.05%
2010	5.89%	1.80%
2009	0.00%	1.95%
2008	0.00%	3.02%
2007	0.00%	1.85%
2006	0.00%	1.73%
2005	0.00%	1.73%
2004	0.00%	1.82%
2003	0.00%	1.47%
2002	0.00%	1.70%
2001	0.00%	1.25%
2000	0.00%	1.15%
1999	0.00%	0.24%