Guggenheim Taxable Municipal Bond & Investment Grade Debt (GBAB) vs BNY Mellon Strategic Municipals (LEO)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
BNY Mellon Strategic Municipals (LEO) has outperformed Guggenheim Taxable Municipal Bond & Investment Grade Debt (GBAB) over the past year, losing 12.9% versus a loss of 20.3%. Over five years, LEO leads with a -36.8% price change compared with -47.9% for GBAB. Guggenheim Taxable Municipal Bond & Investment Grade Debt is the larger company by market cap ($345.7 million vs $340.7 million), about 1.0 times the size.
On valuation, Guggenheim Taxable Municipal Bond & Investment Grade Debt trades at a lower trailing P/E (10.7x vs 27.3x for BNY Mellon Strategic Municipals). BNY Mellon Strategic Municipals pays a dividend yielding 5.01%, while Guggenheim Taxable Municipal Bond & Investment Grade Debt does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | GBAB | LEO |
|---|---|---|
| Share price | $12.48 | $5.47 |
| Market cap | $345.69M | $340.73M |
| 1-day change | +0.73% | +0.55% |
| YTD return | -16.35% | -13.99% |
| 1-year return | -20.31% | -12.90% |
| 5-year return | -47.87% | -36.76% |
| P/E ratio (TTM) | 10.67 | 27.35 |
| EPS (TTM) | $1.17 | $0.20 |
| Dividend yield | 12.18% | 5.01% |
| Annual dividend | $0.00 | $0.274 |
| 52-week high | $15.80 | $6.55 |
| 52-week low | $12.31 | $5.41 |
| Distance from 52-week high | -21.01% | -16.49% |
| Average volume | 120.67K | 225.04K |
| Shares outstanding | 27.70M | 62.29M |
| Sector | Finance | Finance |
| Industry | Investment Managers | Trusts Except Educational Religious and Charitable |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- BNY Mellon Strategic Municipals trades at a higher earnings multiple (27.3x vs 10.7x trailing P/E).
- Guggenheim Taxable Municipal Bond & Investment Grade Debt offers a meaningfully higher dividend yield (12.18% vs 5.01%).
About Guggenheim Taxable Municipal Bond & Investment Grade Debt
GBAB stock →Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust is a closed ended fixed income mutual fund launched by Guggenheim Partners, LLC. The fund is co-managed by Guggenheim Funds Investment Advisors, LLC and Guggenheim Partners Investment Management, LLC.
Finance · Investment Managers
About BNY Mellon Strategic Municipals
LEO stock →BNY Mellon Strategic Municipals, Inc. is a closed ended fixed income mutual fund launched and managed by BNY Mellon Investment Adviser, Inc.
Finance · Trusts Except Educational Religious and Charitable
GBAB vs LEO FAQ
Which is bigger, Guggenheim Taxable Municipal Bond & Investment Grade Debt or BNY Mellon Strategic Municipals?
Guggenheim Taxable Municipal Bond & Investment Grade Debt (GBAB) is larger, with a market capitalization of $345.69M compared with $340.73M for BNY Mellon Strategic Municipals (LEO).
Which stock has performed better over the past year, GBAB or LEO?
LEO returned -12.90% over the past 12 months, compared with -20.31% for GBAB (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, GBAB or LEO?
GBAB has the lower trailing P/E at 10.7, versus 27.3 for LEO. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Guggenheim Taxable Municipal Bond & Investment Grade Debt or BNY Mellon Strategic Municipals?
Guggenheim Taxable Municipal Bond & Investment Grade Debt has the higher yield at 12.18%, compared with 5.01% for BNY Mellon Strategic Municipals.
Are Guggenheim Taxable Municipal Bond & Investment Grade Debt and BNY Mellon Strategic Municipals in the same industry?
Both are in the Finance sector, but in different industries: Investment Managers for Guggenheim Taxable Municipal Bond & Investment Grade Debt and Trusts Except Educational Religious and Charitable for BNY Mellon Strategic Municipals.