Invesco Taxable Municipal Bond ETF

10-Year Study

BAB.US · · US · ETF

Executive Summary: Invesco Taxable Municipal Bond ETF has compounded at 2.4% annually over the last 10 years, with a maximum drawdown of 23.7% and an annualized volatility of 8.8%.

1Y CAGR
+7.0%
3Y CAGR
+4.2%
5Y CAGR
-0.4%
10Y CAGR
+2.4%

History & Riski10-year historical performance analysis including CAGR, Max Drawdown, Sharpe & Sortino ratios, annual returns, and rolling volatility — all computed from daily market data.

10-Year Growth of $10,000

Max DrawdownMax DrawdownThe largest peak-to-trough decline in the asset's value over the measurement period.Click for full definition →
23.7%
Sharpe RatioSharpe RatioRisk-adjusted return: how much excess return you earn per unit of total risk (volatility).Click for full definition →
-0.21
Sortino RatioSortino RatioLike Sharpe, but only penalizes downside volatility — a more accurate risk measure for asymmetric return distributions.Click for full definition →
-0.29
Ann. VolatilityAnnualized VolatilityThe annualized standard deviation of an asset's returns — a measure of how much prices fluctuate.Click for full definition →
7.8%
Best YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2019 · +11.3%
Worst YearBest & Worst YearThe single calendar year with the highest and lowest return in the measured period.Click for full definition →
2022 · -19.5%
% Positive Years% Positive YearsThe percentage of calendar years in the measurement period where the asset delivered a positive return.Click for full definition →
80%

Annual Returns

Rolling 12-Month Returns

Rolling 12-Month Annualised Volatility

Historical Drawdowns

Monthly Returns

Monthly Returns Heatmap

YearJanFebMarAprMayJunJulAugSepOctNovDecAnn.
2026-0.12.7-2.80.1————————-0.1%
20251.12.6-0.6-0.3-1.11.80.01.12.70.80.3-0.48.3%
20240.4-1.30.5-2.62.20.92.91.51.0-2.81.7-3.01.0%
20235.1-2.32.70.9-1.1-0.1-0.8-0.1-2.9-2.55.54.48.7%
2022-2.8-1.5-5.3-5.1-0.2-0.61.8-2.9-5.6-2.95.2-0.9-19.5%
20210.4-2.5-1.71.60.52.11.7-0.3-1.70.80.7-0.60.8%
20204.22.5-7.82.61.73.02.3-0.5-0.0-2.22.40.98.9%
20190.40.03.10.23.60.90.55.0-1.5-0.3-0.4-0.711.3%
2018-2.2-0.92.4-1.20.50.0-0.40.8-1.1-0.90.73.40.9%
20170.61.20.20.82.30.00.82.2-0.60.60.31.19.9%
2016———-0.02.13.31.5-0.5-0.4-1.8-4.3-0.4-0.7%

Risk X-RayiA 19-factor macroeconomic risk decomposition showing exactly which market forces (equity beta, rates, inflation, credit, commodity, crypto) drive this asset's volatility. Powered by multivariate regression against daily factor returns.

Risk Profile Insight: This asset has an estimated annualized volatility of 8.8%. The dominant macroeconomic risk driver is SHV.US, accounting for 38.3% of variance. Idiosyncratic stock-specific factors contribute 2.9%.

10-Year Historical Price Series (Growth of $10,000)
DateSimulated Value
2016-03-0110000
2016-04-019999.142481468072
2016-05-0110207.662404481964
2016-06-0110540.331954951695
2016-07-0110698.829963603102
2016-08-0110645.377975112906
2016-09-0110607.313680278978
2016-10-0110412.418773939058
2016-11-019967.700135297368
2016-12-019926.205766335726
2017-01-019988.51877965585
2017-02-0110109.714732168377
2017-03-0110125.483545172172
2017-04-0110202.612573127275
2017-05-0110437.048611772776
2017-06-0110441.383844350858
2017-07-0110521.847666596796
2017-08-0110756.664824589821
2017-09-0110692.541494368961
2017-10-0110755.712026221012
2017-11-0110784.67709663281
2017-12-0110906.206528574423
2018-01-0110668.197496045887
2018-02-0110569.201745526612
2018-03-0110818.167959296454
2018-04-0110686.919983992988
2018-05-0110738.418735827125
2018-06-0110742.182289383922
2018-07-0110698.49648417402
2018-08-0110779.817824951884
2018-09-0110664.719781999733
2018-10-0110567.629628218077
2018-11-0110643.234178783085
2018-12-0111007.53663509728
2019-01-0111054.08083541361
2019-02-0111058.606627665455
2019-03-0111404.61535529851
2019-04-0111423.936824208682
2019-05-0111838.579885702065
2019-06-0111948.286870277507
2019-07-0112012.703547715882
2019-08-0112611.670880895868
2019-09-0112423.39666708851
2019-10-0112380.419806613381
2019-11-0112336.391627289917
2019-12-0112253.381962578733
2020-01-0112762.818183014255
2020-02-0113086.288184348357
2020-03-0112066.644291703557
2020-04-0112377.283114595703
2020-05-0112590.826235795766
2020-06-0112965.066668704545
2020-07-0113264.563510854867
2020-08-0113203.182664248203
2020-09-0113199.224544193448
2020-10-0112909.533953565371
2020-11-0113222.777902765363
2020-12-0113343.076220526802
2021-01-0113399.441267615046
2021-02-0113060.823915199047
2021-03-0112842.221378832575
2021-04-0113047.874611043793
2021-05-0113117.535161493184
2021-06-0113392.184714181332
2021-07-0113615.122464225771
2021-08-0113575.310464207647
2021-09-0113340.205765693705
2021-10-0113442.924251338682
2021-11-0113533.310412515542
2021-12-0113447.645645233195
2022-01-0113067.587066614917
2022-02-0112875.059418469566
2022-03-0112186.448298787818
2022-04-0111570.522656475172
2022-05-0111546.729411839333
2022-06-0111474.386499038792
2022-07-0111678.794867963734
2022-08-0111335.278933083277
2022-09-0110703.551704968942
2022-10-0110393.006473988102
2022-11-0110928.297687086146
2022-12-0110825.285704476597
2023-01-0111380.654654197651
2023-02-0111118.171141319668
2023-03-0111418.617532473025
2023-04-0111516.795447430763
2023-05-0111389.751242780783
2023-06-0111381.658722760669
2023-07-0111287.514346582324
2023-08-0111276.520477311788
2023-09-0110945.02519674821
2023-10-0110675.204259755872
2023-11-0111264.747886992827
2023-12-0111764.36422601611
2024-01-0111809.913501063096
2024-02-0111657.083361859906
2024-03-0111716.426085582545
2024-04-0111413.132864738753
2024-05-0111661.058746441986
2024-06-0111761.158475889122
2024-07-0112102.299175272992
2024-08-0112286.235449424383
2024-09-0112405.788666532722
2024-10-0112057.978407644285
2024-11-0112257.965240254622
2024-12-0111885.996455678462
2025-01-0112012.707182353215
2025-02-0112321.156136252715
2025-03-0112249.32843329401
2025-04-0112216.807515764254
2025-05-0112082.477680581902
2025-06-0112304.853879158518
2025-07-0112305.852495765537
2025-08-0112445.66972466016
2025-09-0112787.789958805055
2025-10-0112887.055538984454
2025-11-0112927.260079834456
2025-12-0112872.624211456998
2026-01-0112863.93197627707
2026-02-0113210.549383539455
2026-03-0112843.722011547916
2026-04-0112858.013987080052
Annual Return Matrix
YearAnnual Return
20170.09872863663196707
20180.009291049665836715
20190.1131811202434796
20200.08893008161142335
20210.00783698024189694
2022-0.19500513397942998
20230.08674861312447169
20240.01033903977516859
20250.08300757613865684
2026-0.00113498414440949
Total Factor Risk
0.08771656220387206
VTI.US Exposure
0.11938793231836929
VEA.US Exposure
0.09066007220183615
VWO.US Exposure
0.006055230859689562
QQQ.US Exposure
-0.07583826482050897
VTV.US Exposure
-0.03238515351439863
IJR.US Exposure
-0.0019801682210713635
QUAL.US Exposure
-0.011904607956443651
SHV.US Exposure
0.3826374930880594
TLT.US Exposure
0.3754015845400526
LQD.US Exposure
0.13717666992196345
HYG.US Exposure
0.022560044221195518
GLD.US Exposure
-0.005090439486026002
USO.US Exposure
0.009494758429152542
VNQ.US Exposure
-0.007109067265172937
BTC-USD.CC Exposure
0.0014281703181610863
CPER.US Exposure
-0.0015597216742366479
VIX.INDX Exposure
-0.009389440987193071
UUP.US Exposure
-0.012977448599654924
TIP.US Exposure
-0.015370551848430423
Idiosyncratic Exposure
0.0288029084746571
Value Score
50
Growth Score
50
Profit Score
37.5
Health Score
23.6
Yield Score
46.9
Moat Score
40

Factor Risk Decomposition

Share of annualised volatility attributable to each macro factor.

Total Est. Vol
8.8%

FundamentalsiCompany financial health metrics: P/E valuation, dividend yield, Piotroski F-Score (9-point profitability signal), Altman Z-Score (bankruptcy risk proxy), and a radar chart across 6 fundamental dimensions. Note: ETFs may show N/A for some metrics.

Fundamental Dimensions

Core Valuation

P/E Ratio (TTM)P/E RatioPrice-to-Earnings ratio — the market price of a stock divided by its earnings per share, a key valuation measure.Click for full definition →N/A
Dividend YieldDividend YieldAnnual dividend paid per share divided by the current share price — expressed as a percentage income return.Click for full definition →3.91%
Market Cap$0
Piotroski F-ScorePiotroski F-ScoreA 9-point scoring system evaluating a company's financial strength across profitability, leverage, and operating efficiency.Click for full definition →
9-point profitability signal
0.0/ 9
Weak
Altman Z-ScoreAltman Z-ScoreA bankruptcy prediction model that combines 5 financial ratios into a single score indicating financial distress risk.Click for full definition →
Bankruptcy risk proxy
1.18
Distress Zone
Income Simulation

Based on $10,000 initial investment.

Total Income Generated
$87
Avg Yield on Cost
0.87%
Annual Income Simulation Table
Historical Realised Yields
YearAnnual PayoutYield on CostQuality
2026$87.270.87%Solid

Momentum & MacroiPrice momentum indicators relative to key technical levels: distance from 50-Day SMA (intermediate trend), 200-Day SMA (long-term trend), 52-Week High (bullish proximity), and Beta (market sensitivity coefficient).

vs 50-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
-0.6%
Above/below 50-day moving average
vs 200-Day SMAMoving Averages (SMA)A rolling average of an asset's price over a defined window — used to identify trends and momentum signals.Click for full definition →
+0.8%
Above/below 200-day moving average
vs 52-Week High52-Week HighThe highest price an asset reached in the past 52 weeks — a key reference for momentum and valuation context.Click for full definition →
2.7% from high
Distance from 52-week high
BetaBetaA measure of an asset's sensitivity to broad market movements relative to a benchmark (e.g. S&P 500).Click for full definition →
0.98
Market sensitivity coefficient

Frequently Asked Questions & Methodology

Is Invesco Taxable Municipal Bond ETF a high-risk investment?

Invesco Taxable Municipal Bond ETF (BAB.US) has an annualized volatility of 8.8% and experienced a maximum drawdown of 23.7% over the last 10 years. Its primary macro risk driver is SHV.US.

What is the 10-year return of BAB.US?

Over the past 10 years, BAB.US has generated a Compound Annual Growth Rate (CAGR) of 2.4%. It has had a positive return in 80% of the years measured.

Data Methodology & Trust

The risk and return information on this page is pre-calculated mathematically using daily market data spanning a 10-year period. Fundamentals (such as P/E Ratio, Market Cap, and Dividend Yield) represent trailing averages and may not immediately reflect real-time live market fluctuations. Advanced scoring models like the Piotroski F-Score and Altman Z-Score are proxies applied to publicly available trailing-twelve-month financial statements and may not account for recent off-balance-sheet events, qualitative company shifts, or sector-specific capital structures. Macroeconomic factor exposures are estimated via multivariate regression against standard market indices. This data is provided for quantitative insight and backtesting research, and should not be misconstrued as tailored financial advice.

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