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ETF comparison

BAB vs BND

US Municipal Bond vs US Aggregate Bond.

Invesco Taxable Municipal Bond ETF · Vanguard Total Bond Market Index Fund ETF Shares

Holdings overlap

Weighted by ISIN/CUSIP
0.4 %

223 positions appear in both funds. Buying equal dollars of BAB and BND would leave roughly 0.4% of each dollar exposed to the same underlying securities.

BAB unmatched 98.3% Shared 0.4% BND unmatched 98.6%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In BAB only
1,774 positions
Shared
223 positions
In BND only
17,173 positions

Side by side

BAB

Invesco Taxable Municipal Bond ETF

Invesco · US Municipal Bond

76 composite / 100
Expense ratio
0.28%
Net assets
$874.6M
TTM yield
4.45%
Top-10 conc.
8.6%
BND

Vanguard Total Bond Market Index Fund ETF Shares

Vanguard · US Aggregate Bond

89 composite / 100
Expense ratio
0.030%
Net assets
$400.61B
whole fund, 6 share classes
TTM yield
3.79%
Top-10 conc.
4.1%

Sub-score comparison

72
Cost
97
93
Tax efficiency
53
54
Liquidity
100
100
Concentration
100
—
Tracking quality
—
BAB sub-score BND

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

BND is 25 bps cheaper than BAB. On a $100,000 position that's about $250/yr more in fees for BAB.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with BAB vs BND.

Top shared holdings

223 shared in total
# Holding In BAB In BND Overlap
1 Illinois (State of) 1.57% 0.02% 0.02%
2 California (State of) 1.25% 0.01% 0.01%
3 California (State of) 0.93% 0.01% 0.01%
4 New York (City of), NY (Social Bonds) 0.11% 0.01% 0.01%
5 University of Virginia 0.14% 0.01% 0.01%
6 New Jersey (State of) Turnpike Authority 0.75% 0.01% 0.01%
7 New York & New Jersey (States of) Port Authority 0.11% 0.01% 0.01%
8 Texas Natural Gas Securitization Finance Corp. 0.66% 0.01% 0.01%
9 New Jersey (State of) Turnpike Authority 0.55% 0.01% 0.01%
10 Metropolitan Transportation Authority 0.27% 0.01% 0.01%
11 California (State of) 0.92% 0.00% 0.00%
12 California (State of) 0.46% 0.00% 0.00%

Only in BAB

1,774 total
  • Invesco Government & Agency Portfolio 0.62%
  • Chicago (City of), IL 0.51%
  • New York City Transitional Finance Authority Future Tax Secured Revenue 0.46%
  • Metropolitan Transportation Authority 0.44%
  • Rancho Santiago Community College District 0.33%
  • City of New York NY 0.30%
  • University of California 0.29%
  • New York State Dormitory Authority 0.28%
  • University of Massachusetts Building Authority 0.27%
  • City of New York NY 0.27%

Only in BND

17,173 total
  • United States Treasury Note/Bond 0.47%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.41%
  • United States Treasury Note/Bond 0.40%
  • United States Treasury Note/Bond 0.39%
  • United States Treasury Note/Bond 0.39%

Related comparisons

More comparisons with BAB

More comparisons with BND

Percentages are holdings overlap with the named fund.

Open BAB or BND at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see /methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.