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Baird Short-Term Municipal Bond Fund (BTMSX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS0570716235
CUSIP057071623
IssuerBaird
Inception DateAug 30, 2015
CategoryMunicipal Bonds
Min. Investment$2,500
Asset ClassBond

Expense Ratio

The Baird Short-Term Municipal Bond Fund has a high expense ratio of 0.55%, indicating higher-than-average management fees.


0.50%1.00%1.50%2.00%0.55%

Share Price Chart


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Baird Short-Term Municipal Bond Fund

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Baird Short-Term Municipal Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%50.00%100.00%150.00%OctoberNovemberDecember2024FebruaryMarch
11.87%
166.13%
BTMSX (Baird Short-Term Municipal Bond Fund)
Benchmark (^GSPC)

S&P 500

Returns By Period

Baird Short-Term Municipal Bond Fund had a return of -0.06% year-to-date (YTD) and 2.55% in the last 12 months.


PeriodReturnBenchmark
Year-To-Date-0.06%10.04%
1 month-0.20%3.53%
6 months3.37%22.79%
1 year2.55%32.16%
5 years (annualized)0.94%13.15%
10 years (annualized)N/A10.96%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
20240.00%0.14%
2023-0.20%-1.01%-0.07%2.52%1.17%

Risk-Adjusted Performance

Risk-Adjusted Performance Indicators

This table presents risk-adjusted performance metrics for Baird Short-Term Municipal Bond Fund (BTMSX) and compares them with a selected benchmark (^GSPC). These performance indicators assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.


Sharpe ratioSortino ratioOmega ratioCalmar ratioUlcer Index
BTMSX
Baird Short-Term Municipal Bond Fund
1.60
^GSPC
S&P 500
2.76

Sharpe Ratio

The current Baird Short-Term Municipal Bond Fund Sharpe ratio is 1.60. A Sharpe ratio greater than 1.0 is considered acceptable.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00OctoberNovemberDecember2024FebruaryMarch
1.60
2.76
BTMSX (Baird Short-Term Municipal Bond Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Baird Short-Term Municipal Bond Fund granted a 2.39% dividend yield in the last twelve months. The annual payout for that period amounted to $0.24 per share.


PeriodTTM202320222021202020192018201720162015
Dividend$0.24$0.25$0.13$0.09$0.14$0.09$0.17$0.14$0.12$0.05

Dividend yield

2.39%2.48%1.36%0.88%1.30%0.88%1.70%1.43%1.17%0.46%

Monthly Dividends

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


JanFebMarAprMayJunJulAugSepOctNovDec
2024$0.02$0.02
2023$0.01$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.03
2022$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02$0.01$0.02
2021$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01
2020$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01
2019$0.01$0.01$0.01$0.02$0.02$0.02$0.00$0.00$0.00$0.00$0.00$0.00
2018$0.01$0.01$0.01$0.02$0.01$0.01$0.01$0.02$0.02$0.01$0.01$0.02
2017$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.02
2016$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.01
2015$0.00$0.01$0.01$0.02

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch
-0.69%
0
BTMSX (Baird Short-Term Municipal Bond Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Baird Short-Term Municipal Bond Fund. 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 Municipal Bond Fund was 6.51%, occurring on Oct 25, 2022. The portfolio has not yet recovered.

The current Baird Short-Term Municipal Bond Fund drawdown is 0.69%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-6.51%Aug 6, 2021308Oct 25, 2022
-6.26%Mar 10, 20209Mar 20, 202073Jul 6, 202082
-1.8%Aug 31, 201665Dec 1, 2016111May 12, 2017176
-1.07%Aug 21, 201919Sep 17, 201986Jan 21, 2020105
-0.78%Nov 9, 2017114Apr 25, 201847Jul 2, 2018161

Volatility

Volatility Chart

The current Baird Short-Term Municipal Bond Fund volatility is 0.38%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%OctoberNovemberDecember2024FebruaryMarch
0.38%
2.82%
BTMSX (Baird Short-Term Municipal Bond Fund)
Benchmark (^GSPC)