ETF comparison

BAB vs SCHZ

US Municipal Bond vs US Aggregate Bond.

Invesco Taxable Municipal Bond ETF · Schwab U.S. Aggregate Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.3 %

164 positions appear in both funds. Buying equal dollars of BAB and SCHZ would leave roughly 0.3% of each dollar exposed to the same underlying securities.

BAB only 98.5% Shared 0.3% SCHZ only 98.3%
In BAB only
1,316 positions
Shared
164 positions
In SCHZ only
11,918 positions

Side by side

BAB

Invesco Taxable Municipal Bond ETF

Invesco · US Municipal Bond

77 composite / 100
Expense ratio
0.28%
Net assets
$1.04B
TTM yield
4.14%
Top-10 conc.
9.5%
SCHZ

Schwab U.S. Aggregate Bond ETF

Schwab · US Aggregate Bond

89 composite / 100
Expense ratio
0.030%
Net assets
$10.60B
TTM yield
4.16%
Top-10 conc.
5.4%

Sub-score comparison

72
Cost
97
93
Tax efficiency
52
57
Liquidity
100
100
Concentration
100
Tracking quality
BAB sub-score SCHZ

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

Cost difference

SCHZ 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 SCHZ.

Top shared holdings

164 shared in total
# Holding In BAB In SCHZ Overlap
1 Illinois (State of) 0.91% 0.02% 0.02%
2 California (State of) 1.25% 0.01% 0.01%
3 California (State of) 0.82% 0.01% 0.01%
4 California (State of) 0.68% 0.01% 0.01%
5 New York & New Jersey (States of) Port Authority 0.08% 0.01% 0.01%
6 Texas Natural Gas Securitization Finance Corp. 0.64% 0.01% 0.01%
7 New Jersey (State of) Turnpike Authority 0.48% 0.01% 0.01%
8 California (State of) 0.87% 0.01% 0.01%
9 California (State of) 0.94% 0.01% 0.01%
10 New Jersey (State of) Turnpike Authority 0.58% 0.01% 0.01%
11 Texas (State of) 0.24% 0.00% 0.00%
12 New York & New Jersey (States of) Port Authority 0.49% 0.00% 0.00%

Only in BAB

1,316 total
  • Invesco Government & Agency Portfolio 1.49%
  • Illinois (State of) 0.97%
  • California (State of) 0.79%
  • Board of Regents of the University of Texas System 0.77%
  • Metro 0.74%
  • Massachusetts (Commonwealth of) 0.69%
  • New York (City of), NY 0.64%
  • New York & New Jersey (States of) Port Authority 0.51%
  • Sales Tax Securitization Corp. 0.46%
  • Chicago (City of), IL 0.44%

Only in SCHZ

11,918 total
  • United States Treasury 0.44%
  • United States Treasury 0.39%
  • United States Treasury 0.38%
  • United States Treasury 0.38%
  • United States Treasury 0.38%
  • United States Treasury 0.38%
  • United States Treasury 0.38%
  • United States Treasury 0.37%
  • United States Treasury 0.36%
  • United States Treasury 0.36%

Open BAB or SCHZ at a brokerage

Both funds trade commission-free at major US brokerages.

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.