Correlation
The correlation between BIMIX and MMIBX is -0.11. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
BIMIX vs. MMIBX
Compare and contrast key facts about Baird Intermediate Bond Fund Class Institutional (BIMIX) and MFS Municipal Income Fund (MMIBX).
BIMIX is managed by Baird. It was launched on Sep 29, 2000. MMIBX is managed by MFS. It was launched on Dec 28, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIMIX or MMIBX.
Performance
BIMIX vs. MMIBX - Performance Comparison
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Key characteristics
BIMIX:
2.05
MMIBX:
0.21
BIMIX:
3.13
MMIBX:
0.24
BIMIX:
1.40
MMIBX:
1.04
BIMIX:
1.29
MMIBX:
0.10
BIMIX:
6.78
MMIBX:
0.45
BIMIX:
1.01%
MMIBX:
2.02%
BIMIX:
3.32%
MMIBX:
6.04%
BIMIX:
-12.75%
MMIBX:
-16.77%
BIMIX:
-0.25%
MMIBX:
-7.19%
Returns By Period
In the year-to-date period, BIMIX achieves a 2.99% return, which is significantly higher than MMIBX's -2.50% return. Over the past 10 years, BIMIX has outperformed MMIBX with an annualized return of 2.17%, while MMIBX has yielded a comparatively lower 1.43% annualized return.
BIMIX
2.99%
0.04%
2.30%
6.52%
3.13%
0.84%
2.17%
MMIBX
-2.50%
-1.00%
-4.02%
0.92%
0.77%
0.32%
1.43%
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BIMIX vs. MMIBX - Expense Ratio Comparison
BIMIX has a 0.30% expense ratio, which is lower than MMIBX's 1.45% expense ratio.
Risk-Adjusted Performance
BIMIX vs. MMIBX — Risk-Adjusted Performance Rank
BIMIX
MMIBX
BIMIX vs. MMIBX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Intermediate Bond Fund Class Institutional (BIMIX) and MFS Municipal Income Fund (MMIBX). 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
BIMIX vs. MMIBX - Dividend Comparison
BIMIX's dividend yield for the trailing twelve months is around 3.97%, more than MMIBX's 2.63% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIMIX Baird Intermediate Bond Fund Class Institutional | 3.97% | 3.89% | 3.20% | 2.18% | 2.27% | 3.50% | 2.53% | 2.52% | 2.36% | 2.50% | 2.58% | 2.55% |
MMIBX MFS Municipal Income Fund | 2.63% | 2.75% | 2.47% | 1.92% | 1.45% | 1.86% | 2.29% | 2.69% | 2.69% | 2.88% | 2.75% | 2.70% |
Drawdowns
BIMIX vs. MMIBX - Drawdown Comparison
The maximum BIMIX drawdown since its inception was -12.75%, smaller than the maximum MMIBX drawdown of -16.77%. Use the drawdown chart below to compare losses from any high point for BIMIX and MMIBX.
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Volatility
BIMIX vs. MMIBX - Volatility Comparison
Baird Intermediate Bond Fund Class Institutional (BIMIX) has a higher volatility of 0.97% compared to MFS Municipal Income Fund (MMIBX) at 0.88%. This indicates that BIMIX's price experiences larger fluctuations and is considered to be riskier than MMIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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