GBAB vs SPY
Comparison between Guggenheim Taxbl Muni Bnd & Invtmnt Grd Debt Trst Com Shrs Of benf Int (GBAB, ETF) and SPDR S&P 500 ETF Trust (SPY, ETF).
5-Year PerformanceSPY has outperformed GBAB, delivering a return of +13.3% compared to -2.2%
GBAB vs SPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GBAB vs SPY - Historical Returns
Returns include dividend reinvestment.
GBAB vs SPY - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | GBAB | SPY |
|---|---|---|
| 2026 | -1.49% | +8.26% |
| 2025 | +7.76% | +18.00% |
| 2024 | +2.63% | +25.59% |
| 2023 | +9.33% | +26.72% |
| 2022 | -24.65% | -18.64% |
| 2021 | -0.49% | +30.52% |
| 2020 | +13.95% | +17.28% |
| 2019 | +15.05% | +31.09% |
| 2018 | +3.76% | -5.24% |
| 2017 | +13.63% | +20.78% |
| 2016 | +5.95% | +13.59% |
| 2015 | +3.50% | +1.31% |
| 2014 | +20.67% | +14.56% |
| 2013 | -7.41% | +29.00% |
| 2012 | +15.12% | +14.17% |
| 2011 | +26.50% | +0.85% |
| 2010 | -9.15% | +13.14% |
| 2009 | N/A | +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% |
GBAB vs SPY 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 SPY was -55.20%, occurring on Mar 9, 2009. Recovery took 1224 trading sessions.
The current GBAB drawdown is -14.91%. The current SPY drawdown is -2.90%.
| Rank | GBAB | SPY |
|---|---|---|
| #1 | -35.78% Sep 15, 2021 - Oct 14, 2022 | -55.20% Oct 9, 2007 - Aug 16, 2012 |
| #2 | -29.93% Feb 25, 2020 - Aug 21, 2020 | -47.50% Mar 24, 2000 - Oct 26, 2006 |
| #3 | -14.88% May 13, 2013 - May 29, 2014 | -33.70% Feb 19, 2020 - Aug 10, 2020 |
| #4 | -14.48% May 13, 2016 - May 25, 2017 | -24.50% Jan 3, 2022 - Dec 13, 2023 |
| #5 | -12.24% Nov 4, 2010 - May 31, 2011 | -19.34% Sep 20, 2018 - Apr 12, 2019 |
| #6 | -11.67% Jan 29, 2015 - Nov 2, 2015 | -18.76% Feb 19, 2025 - Jun 26, 2025 |
| #7 | -10.68% Feb 5, 2021 - Aug 4, 2021 | -13.02% Jul 20, 2015 - Apr 18, 2016 |
| #8 | -8.94% Sep 4, 2018 - Dec 4, 2018 | -10.10% Jan 26, 2018 - Aug 6, 2018 |
| #9 | -8.46% Feb 3, 2016 - Apr 8, 2016 | -9.44% Sep 2, 2020 - Nov 11, 2020 |
| #10 | -7.73% Jan 8, 2018 - Aug 31, 2018 | -9.30% Jan 19, 2000 - Mar 17, 2000 |
| #11 | -7.48% Oct 9, 2019 - Feb 21, 2020 | -9.05% Jul 19, 2007 - Oct 5, 2007 |
| #12 | -7.30% Sep 26, 2012 - May 1, 2013 | -8.88% Jan 27, 2026 - Apr 14, 2026 |
| #13 | -6.81% Aug 22, 2019 - Oct 9, 2019 | -8.41% Jul 16, 2024 - Sep 19, 2024 |
| #14 | -6.41% Mar 12, 2012 - Apr 27, 2012 | -7.35% Sep 14, 2012 - Jan 2, 2013 |
| #15 | -5.64% Nov 11, 2020 - Dec 29, 2020 | -7.27% Sep 18, 2014 - Oct 31, 2014 |
Correlation
Correlation between GBAB and SPY is 0.79 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (1999 - 2026)
GBAB vs SPY dividend yield comparison.
| Year | GBAB | SPY |
|---|---|---|
| 2026 | 4.47% | 0.24% |
| 2025 | 10.11% | 1.07% |
| 2024 | 9.92% | 1.21% |
| 2023 | 9.32% | 1.40% |
| 2022 | 9.22% | 1.65% |
| 2021 | 6.36% | 1.20% |
| 2020 | 5.92% | 1.52% |
| 2019 | 6.37% | 1.75% |
| 2018 | 6.88% | 2.04% |
| 2017 | 6.64% | 1.80% |
| 2016 | 7.51% | 2.03% |
| 2015 | 7.78% | 2.06% |
| 2014 | 7.48% | 1.87% |
| 2013 | 8.32% | 1.81% |
| 2012 | 6.82% | 2.18% |
| 2011 | 6.69% | 2.05% |
| 2010 | 0.00% | 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% |
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