Baird Short-Term Bond Fund Institutional Class (BSBIX)

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Baird Short-Term Bond Fund Institutional Class (BSBIX) is up 0.7% since the beginning of the year. BSBIX is currently trading at $9 per share. Investors who bought $1,000 worth of BSBIX shares 5 years ago would now be looking at an investment worth $1,131.

Baird Short-Term Bond Fund Institutional Class (BSBIX) has returned 0.73% so far this year and 3.89% over the past 12 months.

Based on dividend-adjusted daily data since Aug 31, 2004, BSBIX's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.

Historically, 73% of months were positive and 27% were negative. The best month was Apr 2020 with a return of +1.7%, while the worst month was Sep 2008 at -2.8%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 9 months.

On a daily basis, BSBIX closed higher 30% of trading days. The best single day was Mar 13, 2023 with a return of +0.8%, while the worst single day was Sep 26, 2008 at -1.0%.

Baird Short-Term Bond Fund Institutional Class has an annualized alpha of 3.81%, beta of 0.02, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since September 02, 2004.

• This fund captured 10.91% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -3.12%) - a profile typical of hedging or uncorrelated assets.
• Beta of 0.02 may look defensive, but with R2 of 0.02 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.02 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

BSBIX has an expense ratio of 0.30%, placing it in the medium range.

BSBIX ranks 93 for risk / return — in the top 93% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

The table below present risk-adjusted performance metrics for Baird Short-Term Bond Fund Institutional Class (BSBIX) and compare them to S&P 500 Index.

Baird Short-Term Bond Fund Institutional Class provided a 4.27% dividend yield over the last twelve months, with an annual payout of $0.41 per share. The fund has been increasing its distributions for 4 consecutive years.

The table displays the monthly dividend distributions for Baird Short-Term Bond Fund Institutional Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Baird Short-Term Bond Fund Institutional Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Baird Short-Term Bond Fund Institutional Class was 5.95%, occurring on Nov 3, 2022. Recovery took 272 trading sessions.

The current Baird Short-Term Bond Fund Institutional Class drawdown is 0.13%.

The chart below shows the rolling one-month volatility.