Correlation
The correlation between BIAEX and BSNSX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
BIAEX vs. BSNSX
Compare and contrast key facts about Brown Advisory Tax Exempt Bond Fund (BIAEX) and Baird Strategic Municipal Bond Fund (BSNSX).
BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012. BSNSX is managed by Baird. It was launched on Nov 14, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIAEX or BSNSX.
Performance
BIAEX vs. BSNSX - Performance Comparison
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Key characteristics
BIAEX:
0.73
BSNSX:
1.15
BIAEX:
0.91
BSNSX:
1.42
BIAEX:
1.15
BSNSX:
1.27
BIAEX:
0.67
BSNSX:
1.18
BIAEX:
2.20
BSNSX:
4.35
BIAEX:
1.36%
BSNSX:
0.79%
BIAEX:
4.56%
BSNSX:
3.21%
BIAEX:
-12.84%
BSNSX:
-9.78%
BIAEX:
-2.13%
BSNSX:
-1.11%
Returns By Period
In the year-to-date period, BIAEX achieves a -0.57% return, which is significantly lower than BSNSX's 0.21% return.
BIAEX
-0.57%
-0.11%
-1.62%
3.33%
2.45%
1.63%
2.29%
BSNSX
0.21%
0.00%
-0.50%
3.66%
3.05%
2.08%
N/A
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BIAEX vs. BSNSX - Expense Ratio Comparison
BIAEX has a 0.46% expense ratio, which is lower than BSNSX's 0.55% expense ratio.
Risk-Adjusted Performance
BIAEX vs. BSNSX — Risk-Adjusted Performance Rank
BIAEX
BSNSX
BIAEX vs. BSNSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Tax Exempt Bond Fund (BIAEX) and Baird Strategic Municipal Bond Fund (BSNSX). 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.
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Dividends
BIAEX vs. BSNSX - Dividend Comparison
BIAEX's dividend yield for the trailing twelve months is around 3.99%, more than BSNSX's 3.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAEX Brown Advisory Tax Exempt Bond Fund | 3.99% | 3.98% | 3.82% | 2.99% | 2.96% | 2.55% | 1.65% | 3.27% | 3.08% | 2.81% | 2.00% | 1.95% |
BSNSX Baird Strategic Municipal Bond Fund | 3.03% | 3.27% | 2.98% | 1.82% | 1.36% | 1.99% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BIAEX vs. BSNSX - Drawdown Comparison
The maximum BIAEX drawdown since its inception was -12.84%, which is greater than BSNSX's maximum drawdown of -9.78%. Use the drawdown chart below to compare losses from any high point for BIAEX and BSNSX.
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Volatility
BIAEX vs. BSNSX - Volatility Comparison
Brown Advisory Tax Exempt Bond Fund (BIAEX) has a higher volatility of 0.56% compared to Baird Strategic Municipal Bond Fund (BSNSX) at 0.47%. This indicates that BIAEX's price experiences larger fluctuations and is considered to be riskier than BSNSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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