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.
Key characteristics
| BIMIX | MMIBX | |
|---|---|---|
| YTD Return | -0.30% | -0.44% |
| 1Y Return | 1.75% | 2.47% |
| 3Y Return (Ann) | -1.31% | -2.02% |
| 5Y Return (Ann) | 1.26% | 0.19% |
| 10Y Return (Ann) | 1.75% | 1.69% |
| Sharpe Ratio | 0.44 | 0.60 |
| Daily Std Dev | 4.17% | 4.56% |
| Max Drawdown | -12.76% | -16.78% |
| Current Drawdown | -5.16% | -7.68% |
Correlation
The correlation between BIMIX and MMIBX is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BIMIX vs. MMIBX - Performance Comparison
In the year-to-date period, BIMIX achieves a -0.30% return, which is significantly higher than MMIBX's -0.44% return. Both investments have delivered pretty close results over the past 10 years, with BIMIX having a 1.75% annualized return and MMIBX not far behind at 1.69%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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.
Dividends
BIMIX vs. MMIBX - Dividend Comparison
BIMIX's dividend yield for the trailing twelve months is around 3.48%, more than MMIBX's 2.65% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIMIX Baird Intermediate Bond Fund Class Institutional | 3.48% | 3.21% | 2.17% | 2.27% | 3.49% | 2.52% | 2.50% | 2.35% | 2.47% | 2.57% | 2.54% | 2.65% |
MMIBX MFS Municipal Income Fund | 2.65% | 2.48% | 1.93% | 1.45% | 1.86% | 1.22% | 2.68% | 2.67% | 2.88% | 2.75% | 2.70% | 3.06% |
Drawdowns
BIMIX vs. MMIBX - Drawdown Comparison
The maximum BIMIX drawdown since its inception was -12.76%, smaller than the maximum MMIBX drawdown of -16.78%. Use the drawdown chart below to compare losses from any high point for BIMIX and MMIBX. For additional features, visit the drawdowns tool.
Volatility
BIMIX vs. MMIBX - Volatility Comparison
Baird Intermediate Bond Fund Class Institutional (BIMIX) has a higher volatility of 1.28% compared to MFS Municipal Income Fund (MMIBX) at 0.94%. 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.