GBAB vs NBCM

Comparison between Guggenheim Taxbl Muni Bnd & Invtmnt Grd Debt Trst Com Shrs Of benf Int (GBAB, ETF) and NEUBERGER BERMAN COMMODITY STRATEGY ETF (NBCM, ETF).

GBAB vs NBCM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GBAB(ETF)	NBCM(ETF)
Net Assets	$400M	$400M
Expense Ratio	N/A	0.65%
Max Drawdown	47.18%	14.78%
Sharpe Ratio	0.04	1.61
5Y Beta	0.24	0.19
5Y Dividends CAGR	1.61%	N/A

Net Assets

GBAB

$400M

Winner

NBCM

$400M

Expense Ratio

GBAB

N/A

NBCM

0.65%

Max Drawdown

GBAB

47.18%

Winner

NBCM

14.78%

Sharpe Ratio

GBAB

0.04

Winner

NBCM

1.61

5Y Beta

GBAB

0.24

Winner

NBCM

0.19

5Y Dividends CAGR

GBAB

1.61%

NBCM

N/A

GBAB vs NBCM - Historical Returns

Returns include dividend reinvestment.

Period	GBAB	NBCM
1 month	-0.40%	+6.09%
3 months	-1.93%	+1.02%
6 months	-2.39%	+18.67%
1 year	+2.85%	+36.29%
5 years(CAGR)	-2.10%	N/A
10 years(CAGR)	+2.71%	N/A
Max(CAGR)	+5.45%	+12.74%

GBAB

-0.40%

Winner

NBCM

+6.09%

GBAB

-1.93%

Winner

NBCM

+1.02%

GBAB

-2.39%

Winner

NBCM

+18.67%

GBAB

+2.85%

Winner

NBCM

+36.29%

5Y(CAGR)

GBAB

-2.10%

NBCM

N/A

10Y(CAGR)

GBAB

+2.71%

NBCM

N/A

Max(CAGR)

GBAB

+5.45%

Winner

NBCM

+12.74%

GBAB vs NBCM - Annual Returns (2010 - 2026)

Returns include dividend reinvestment.

Year	GBAB	NBCM
2026	-0.79%	+26.95%
2025	+7.76%	+16.75%
2024	+2.63%	+7.65%
2023	+9.33%	-4.45%
2022	-24.65%	+5.23%
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 NBCM 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 NBCM was -14.78%, occurring on Jun 24, 2026. This drawdown has not yet recovered.

The current GBAB drawdown is -14.31%. The current NBCM drawdown is -6.49%.

Rank	GBAB	NBCM
#1	-35.78% Sep 15, 2021 - Oct 14, 2022	-14.78% May 12, 2026 - Jun 24, 2026
#2	-29.93% Feb 25, 2020 - Aug 21, 2020	-12.84% Jan 26, 2023 - May 17, 2024
#3	-14.88% May 13, 2013 - May 29, 2014	-11.47% May 28, 2024 - Jan 15, 2025
#4	-14.48% May 13, 2016 - May 25, 2017	-10.76% Apr 2, 2025 - Jun 17, 2025
#5	-12.24% Nov 4, 2010 - May 31, 2011	-9.70% Jan 29, 2026 - Mar 4, 2026
#6	-11.67% Jan 29, 2015 - Nov 2, 2015	-5.95% Nov 15, 2022 - Jan 17, 2023
#7	-10.68% Feb 5, 2021 - Aug 4, 2021	-5.43% Mar 12, 2026 - Apr 21, 2026
#8	-8.94% Sep 4, 2018 - Dec 4, 2018	-4.63% Feb 19, 2025 - Apr 2, 2025
#9	-8.46% Feb 3, 2016 - Apr 8, 2016	-4.54% Jun 20, 2025 - Sep 2, 2025
#10	-7.73% Jan 8, 2018 - Aug 31, 2018	-3.42% Nov 11, 2025 - Dec 3, 2025
#11	-7.48% Oct 9, 2019 - Feb 21, 2020	-3.33% Dec 26, 2025 - Jan 12, 2026
#12	-7.30% Sep 26, 2012 - May 1, 2013	-3.20% Dec 5, 2025 - Dec 23, 2025
#13	-6.81% Aug 22, 2019 - Oct 9, 2019	-2.35% Nov 4, 2022 - Nov 11, 2022
#14	-6.41% Mar 12, 2012 - Apr 27, 2012	-2.16% May 20, 2024 - May 28, 2024
#15	-5.64% Nov 11, 2020 - Dec 29, 2020	-2.13% Oct 8, 2025 - Oct 20, 2025

Correlation

Correlation between GBAB and NBCM is 0.57 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.57

-101

Dividend Comparison (2011 - 2026)

GBAB vs NBCM dividend yield comparison.

Year	GBAB	NBCM
2026	6.33%	0.00%
2025	10.11%	8.46%
2024	9.92%	5.22%
2023	9.32%	4.37%
2022	9.22%	0.80%
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%