Baird Short-Term Bond Fund Investor Class (BSBSX)

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Baird Short-Term Bond Fund Investor Class (BSBSX) is up 0.6% since the beginning of the year. BSBSX is currently trading at $9 per share. Investors who bought $1,000 worth of BSBSX shares 5 years ago would now be looking at an investment worth $1,117.

Baird Short-Term Bond Fund Investor Class (BSBSX) has returned 0.63% so far this year and 3.74% over the past 12 months. Over the last ten years, BSBSX has returned 2.23% per year, falling short of the S&P 500 Index benchmark, which averaged 13.65% annually.

Based on dividend-adjusted daily data since Jan 2, 2013, BSBSX's average daily return is +0.01%, while the average monthly return is +0.17%. At this rate, an investment would double in approximately 34.0 years.

Historically, 67% of months were positive and 33% were negative. The best month was Apr 2020 with a return of +1.7%, while the worst month was Mar 2020 at -1.8%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 9 months.

On a daily basis, BSBSX closed higher 28% of trading days. The best single day was Mar 13, 2023 with a return of +0.7%, while the worst single day was Mar 18, 2020 at -0.7%.

Baird Short-Term Bond Fund Investor Class has an annualized alpha of 2.03%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 03, 2013.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (6.81%) than losses (1.24%) - typical of diversified or defensive assets.
• Beta of 0.00 may look defensive, but with R2 of 0.00 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 0.00 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.

BSBSX has an expense ratio of 0.55%, placing it in the medium range.

BSBSX ranks 90 for risk / return — in the top 90% 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 Investor Class (BSBSX) and compare them to S&P 500 Index.

Baird Short-Term Bond Fund Investor Class provided a 4.02% dividend yield over the last twelve months, with an annual payout of $0.38 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 Investor 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 Investor 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 Investor Class was 6.29%, occurring on Oct 20, 2022. Recovery took 289 trading sessions.

The current Baird Short-Term Bond Fund Investor Class drawdown is 0.11%.

The chart below shows the rolling one-month volatility.