BBIIX vs. BBBMX
BBIIX (BBH Intermediate Municipal Bond Fund) and BBBMX (BBH Limited Duration Fund Class N) are both mutual funds - BBIIX is a Municipal Bonds fund managed by BBH, while BBBMX is a Ultrashort Bond fund actively managed by BBH. Over the past 10 years, BBIIX returned 2.41%/yr vs 3.34%/yr for BBBMX. Their 0.28 correlation means their historical movements had little consistent relationship. BBIIX charges 0.46%/yr vs 0.35%/yr for BBBMX.
Performance
BBIIX vs. BBBMX - Performance Comparison
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Returns By Period
In the year-to-date period, BBIIX achieves a 0.11% return, which is significantly lower than BBBMX's 1.62% return. Over the past 10 years, BBIIX has underperformed BBBMX with an annualized return of 2.41%, while BBBMX has yielded a comparatively higher 3.34% annualized return.
BBIIX
- 1D
- -0.19%
- 1M
- -1.54%
- 6M
- -0.85%
- YTD
- 0.11%
- 1Y
- 3.73%
- 3Y*
- 3.82%
- 5Y*
- 1.29%
- 10Y*
- 2.41%
- ALL TIME*
- 2.63%
BBBMX
- 1D
- 0.10%
- 1M
- -0.10%
- 6M
- 1.25%
- YTD
- 1.62%
- 1Y
- 3.79%
- 3Y*
- 5.91%
- 5Y*
- 3.92%
- 10Y*
- 3.34%
- ALL TIME*
- 3.28%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BBIIX vs. BBBMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBIIX BBH Intermediate Municipal Bond Fund | 0.11% | 5.45% | 2.43% | 6.09% | -6.45% | 0.01% | 5.01% | 6.72% | 1.85% | 6.15% |
BBBMX BBH Limited Duration Fund Class N | 1.62% | 5.54% | 6.81% | 7.44% | -1.48% | 1.10% | 2.78% | 4.30% | 1.99% | 2.31% |
Correlation
The correlation between BBIIX and BBBMX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.44 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.43 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.28 |
The correlation between BBIIX and BBBMX shifts across timeframes, from 0.28 (all time) to 0.44 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
BBIIX vs. BBBMX — Risk / Return Rank
BBIIX
BBBMX
BBIIX vs. BBBMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BBH Intermediate Municipal Bond Fund (BBIIX) and BBH Limited Duration Fund Class N (BBBMX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BBIIX | BBBMX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -4.72 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 2.42 | -0.91 |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | 7.75 | -5.92 |
| Martin ratioReturn relative to average drawdown | 5.39 | 35.29 | -29.89 |
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Drawdowns
BBIIX vs. BBBMX - Drawdown Comparison
The maximum BBIIX drawdown since its inception was -11.53%, which is greater than BBBMX's maximum drawdown of -6.50%. Use the drawdown chart below to compare losses from any high point for BBIIX and BBBMX.
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Drawdown Indicators
| BBIIX | BBBMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.53% | -6.50% | -5.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -0.57% | -1.89% |
Max Drawdown (3Y)Largest decline over 3 years | -3.47% | -0.57% | -2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -11.53% | -3.18% | -8.35% |
Max Drawdown (10Y)Largest decline over 10 years | -11.53% | -6.50% | -5.03% |
Current DrawdownCurrent decline from peak | -1.96% | -0.10% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -1.68% | -0.57% | -1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.13% | +0.70% |
Volatility
BBIIX vs. BBBMX - Volatility Comparison
BBH Intermediate Municipal Bond Fund (BBIIX) has a higher volatility of 0.67% compared to BBH Limited Duration Fund Class N (BBBMX) at 0.22%. This indicates that BBIIX's price experiences larger fluctuations and is considered to be riskier than BBBMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBIIX | BBBMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 0.22% | +0.45% |
Volatility (6M)Calculated over the trailing 6-month period | 1.80% | 1.21% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.24% | 1.61% | +0.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.08% | 1.57% | +1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 1.48% | +1.77% |
BBIIX vs. BBBMX - Expense Ratio Comparison
BBIIX has a 0.46% expense ratio, which is higher than BBBMX's 0.35% expense ratio.
Dividends
BBIIX vs. BBBMX - Dividend Comparison
BBIIX's dividend yield for the trailing twelve months is around 3.01%, less than BBBMX's 4.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBBMX BBH Limited Duration Fund Class N | 4.10% | 4.60% | 4.80% | 4.23% | 1.78% | 1.29% | 2.03% | 2.93% | 2.57% | 1.99% | 2.00% | 1.72% |
BBIIX BBH Intermediate Municipal Bond Fund | 3.01% | 3.60% | 3.67% | 3.09% | 1.52% | 1.20% | 1.64% | 2.69% | 2.20% | 3.64% | 3.31% | 2.00% |
Frequently Asked Questions
BBIIX and BBBMX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBIIX has higher volatility (0.67%) compared to BBBMX (0.22%). In terms of maximum drawdown, BBIIX dropped -11.53% vs BBBMX's -6.50%.
BBBMX currently has the higher Sharpe Ratio (2.75 vs 2.01), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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