GBAB vs HEDG

Comparison between Guggenheim Taxbl Muni Bnd & Invtmnt Grd Debt Trst Com Shrs Of benf Int (GBAB, ETF) and EQUABLE SHARES HEDGED EQUITY ETF (HEDG, ETF).

GBAB vs HEDG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GBAB(ETF)	HEDG(ETF)
Net Assets	$400M	$401M
Expense Ratio	N/A	0.96%
Max Drawdown	47.18%	4.33%
Sharpe Ratio	0.22	0.78
5Y Beta	0.24	0.35
5Y Dividends CAGR	0.00%	N/A

Net Assets

GBAB

$400M

Winner

HEDG

$401M

Expense Ratio

GBAB

N/A

HEDG

0.96%

Max Drawdown

GBAB

47.18%

Winner

HEDG

4.33%

Sharpe Ratio

GBAB

0.22

Winner

HEDG

0.78

5Y Beta

Winner

GBAB

0.24

HEDG

0.35

5Y Dividends CAGR

GBAB

0.00%

HEDG

N/A

GBAB vs HEDG - Historical Returns

Returns include dividend reinvestment.

Period	GBAB	HEDG
1 month	+2.27%	-0.07%
3 months	-0.11%	+2.62%
6 months	-1.46%	+2.39%
1 year	+4.97%	N/A
5 years(CAGR)	-2.39%	N/A
10 years(CAGR)	+3.05%	N/A
Max(CAGR)	+5.50%	+8.40%

Winner

GBAB

+2.27%

HEDG

-0.07%

GBAB

-0.11%

Winner

HEDG

+2.62%

GBAB

-1.46%

Winner

HEDG

+2.39%

GBAB

+4.97%

HEDG

N/A

5Y(CAGR)

GBAB

-2.39%

HEDG

N/A

10Y(CAGR)

GBAB

+3.05%

HEDG

N/A

Max(CAGR)

GBAB

+5.50%

Winner

HEDG

+8.40%

GBAB vs HEDG - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	GBAB	HEDG
2026	-0.40%	+2.49%
2025	+7.76%	+3.16%
2024	+2.63%	N/A
2023	+9.33%	N/A
2022	-24.65%	N/A
2021	-0.49%	N/A
2020	+13.95%	N/A
2019	+15.05%	N/A
2018	+3.76%	N/A
2017	+13.63%	N/A
2016	+5.95%	N/A
2015	+3.50%	N/A
2014	+20.67%	N/A
2013	-7.41%	N/A
2012	+15.12%	N/A
2011	+26.50%	N/A
2010	-9.15%	N/A

GBAB vs HEDG Drawdown Comparison

The maximum drawdown for GBAB was -35.78%, occurring on Oct 14, 2022. This drawdown has not yet recovered.

The maximum drawdown for HEDG was -3.85%, occurring on Mar 30, 2026. Recovery took 36 trading sessions.

The current GBAB drawdown is -13.97%. The current HEDG drawdown is -0.76%.

Rank	GBAB	HEDG
#1	-35.78% Sep 15, 2021 - Oct 14, 2022	-3.85% Feb 25, 2026 - Apr 17, 2026
#2	-29.93% Feb 25, 2020 - Aug 21, 2020	-1.64% Nov 11, 2025 - Nov 25, 2025
#3	-14.88% May 13, 2013 - May 29, 2014	-1.15% Feb 2, 2026 - Feb 24, 2026
#4	-14.48% May 13, 2016 - May 25, 2017	-0.81% Jan 12, 2026 - Jan 26, 2026
#5	-12.24% Nov 4, 2010 - May 31, 2011	-0.76% Jun 8, 2026 - Jun 11, 2026
#6	-11.67% Jan 29, 2015 - Nov 2, 2015	-0.60% Nov 3, 2025 - Nov 10, 2025
#7	-10.68% Feb 5, 2021 - Aug 4, 2021	-0.50% Oct 13, 2025 - Oct 17, 2025
#8	-8.94% Sep 4, 2018 - Dec 4, 2018	-0.42% Dec 12, 2025 - Dec 19, 2025
#9	-8.46% Feb 3, 2016 - Apr 8, 2016	-0.23% Jun 2, 2026 - Jun 8, 2026
#10	-7.73% Jan 8, 2018 - Aug 31, 2018	-0.20% Dec 26, 2025 - Jan 5, 2026
#11	-7.48% Oct 9, 2019 - Feb 21, 2020	-0.19% Jan 6, 2026 - Jan 9, 2026
#12	-7.30% Sep 26, 2012 - May 1, 2013	-0.19% Jan 27, 2026 - Feb 2, 2026
#13	-6.81% Aug 22, 2019 - Oct 9, 2019	-0.18% Dec 5, 2025 - Dec 10, 2025
#14	-6.41% Mar 12, 2012 - Apr 27, 2012	-0.17% Apr 17, 2026 - Apr 22, 2026
#15	-5.64% Nov 11, 2020 - Dec 29, 2020	-0.15% May 22, 2026 - May 29, 2026

Correlation

Correlation between GBAB and HEDG is -0.34 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.

-0.34

-101

Dividend Comparison (2011 - 2026)

GBAB vs HEDG dividend yield comparison.

Year	GBAB	HEDG
2026	5.35%	0.49%
2025	10.11%	1.38%
2024	9.92%	0.00%
2023	9.32%	0.00%
2022	9.22%	0.00%
2021	6.36%	0.00%
2020	5.92%	0.00%
2019	6.37%	0.00%
2018	6.88%	0.00%
2017	6.64%	0.00%
2016	7.51%	0.00%
2015	7.78%	0.00%
2014	7.48%	0.00%
2013	8.32%	0.00%
2012	6.82%	0.00%
2011	6.69%	0.00%