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
Returns By Period
The year-to-date returns for both stocks are quite close, with BIMIX having a 3.18% return and MMIBX slightly lower at 3.06%. Over the past 10 years, BIMIX has underperformed MMIBX with an annualized return of 1.70%, while MMIBX has yielded a comparatively higher 1.83% annualized return.
BIMIX
3.18%
-1.01%
3.08%
6.57%
0.73%
1.70%
MMIBX
3.06%
-0.47%
2.88%
8.68%
0.51%
1.83%
Key characteristics
| BIMIX | MMIBX | |
|---|---|---|
| Sharpe Ratio | 1.91 | 2.32 |
| Sortino Ratio | 2.85 | 3.47 |
| Omega Ratio | 1.36 | 1.52 |
| Calmar Ratio | 0.73 | 0.75 |
| Martin Ratio | 7.80 | 10.29 |
| Ulcer Index | 0.88% | 0.88% |
| Daily Std Dev | 3.61% | 3.92% |
| Max Drawdown | -14.15% | -16.77% |
| Current Drawdown | -3.43% | -4.44% |
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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.
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.
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 3.80%, more than MMIBX's 2.71% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIMIX Baird Intermediate Bond Fund Class Institutional | 3.80% | 3.20% | 2.18% | 1.58% | 2.16% | 2.53% | 2.52% | 2.33% | 2.29% | 2.27% | 2.41% | 2.49% |
MMIBX MFS Municipal Income Fund | 2.71% | 2.47% | 1.92% | 1.45% | 1.86% | 2.29% | 2.69% | 2.69% | 2.88% | 2.75% | 2.70% | 3.06% |
Drawdowns
BIMIX vs. MMIBX - Drawdown Comparison
The maximum BIMIX drawdown since its inception was -14.15%, 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. For additional features, visit the drawdowns tool.
Volatility
BIMIX vs. MMIBX - Volatility Comparison
The current volatility for Baird Intermediate Bond Fund Class Institutional (BIMIX) is 0.88%, while MFS Municipal Income Fund (MMIBX) has a volatility of 1.96%. This indicates that BIMIX experiences smaller price fluctuations and is considered to be less risky than MMIBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.