BMBSX vs. BMDSX
BMBSX (Baird Quality Intermediate Municipal Bond Fund) and BMDSX (Baird Mid Cap Growth Fund) are both mutual funds - BMBSX is a Municipal Bonds fund managed by Baird, while BMDSX is a Mid Cap Growth Equities fund managed by Baird. Over the past 10 years, BMBSX returned 1.39%/yr vs 8.82%/yr for BMDSX. Their -0.09 correlation means they have often moved in opposite directions in the past. BMBSX charges 0.55%/yr vs 1.05%/yr for BMDSX.
Performance
BMBSX vs. BMDSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BMBSX achieves a 0.14% return, which is significantly lower than BMDSX's 7.69% return. Over the past 10 years, BMBSX has underperformed BMDSX with an annualized return of 1.39%, while BMDSX has yielded a comparatively higher 8.82% annualized return.
BMBSX
- 1D
- -0.09%
- 1M
- -1.15%
- 6M
- -0.58%
- YTD
- 0.14%
- 1Y
- 2.91%
- 3Y*
- 2.85%
- 5Y*
- 0.59%
- 10Y*
- 1.39%
- ALL TIME*
- 2.95%
BMDSX
- 1D
- 0.55%
- 1M
- -1.14%
- 6M
- 4.48%
- YTD
- 7.69%
- 1Y
- -0.24%
- 3Y*
- -0.64%
- 5Y*
- -2.48%
- 10Y*
- 8.82%
- ALL TIME*
- 7.16%
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 |
BMBSX vs. BMDSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMBSX Baird Quality Intermediate Municipal Bond Fund | 0.14% | 4.32% | 1.37% | 4.01% | -5.99% | 0.01% | 4.23% | 5.66% | 0.90% | 2.97% |
BMDSX Baird Mid Cap Growth Fund | 7.69% | -9.55% | -1.16% | 19.91% | -27.86% | 21.81% | 34.56% | 35.94% | -1.52% | 26.61% |
Correlation
The correlation between BMBSX and BMDSX is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.21 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.17 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Mar 30, 2001 | -0.09 |
The correlation between BMBSX and BMDSX shifts across timeframes, from -0.09 (all time) to 0.32 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BMBSX vs. BMDSX — Risk / Return Rank
BMBSX
BMDSX
BMBSX vs. BMDSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Quality Intermediate Municipal Bond Fund (BMBSX) and Baird Mid Cap Growth Fund (BMDSX). 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.
| BMBSX | BMDSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +2.63 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.00 | +0.46 |
| Calmar ratioReturn relative to maximum drawdown | 1.61 | -0.11 | +1.72 |
| Martin ratioReturn relative to average drawdown | 4.70 | -0.26 | +4.96 |
Loading charts...
Drawdowns
BMBSX vs. BMDSX - Drawdown Comparison
The maximum BMBSX drawdown since its inception was -9.57%, smaller than the maximum BMDSX drawdown of -53.96%. Use the drawdown chart below to compare losses from any high point for BMBSX and BMDSX.
Loading charts...
Drawdown Indicators
| BMBSX | BMDSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.57% | -53.96% | +44.39% |
Max Drawdown (1Y)Largest decline over 1 year | -1.98% | -13.32% | +11.34% |
Max Drawdown (3Y)Largest decline over 3 years | -3.02% | -25.04% | +22.02% |
Max Drawdown (5Y)Largest decline over 5 years | -9.57% | -36.24% | +26.67% |
Max Drawdown (10Y)Largest decline over 10 years | -9.57% | -36.24% | +26.67% |
Current DrawdownCurrent decline from peak | -1.49% | -19.88% | +18.39% |
Average DrawdownAverage peak-to-trough decline | -1.40% | -11.00% | +9.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 5.71% | -5.03% |
Volatility
BMBSX vs. BMDSX - Volatility Comparison
The current volatility for Baird Quality Intermediate Municipal Bond Fund (BMBSX) is 0.64%, while Baird Mid Cap Growth Fund (BMDSX) has a volatility of 3.35%. This indicates that BMBSX experiences smaller price fluctuations and is considered to be less risky than BMDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BMBSX | BMDSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.64% | 3.35% | -2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 1.45% | 11.90% | -10.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.71% | 15.52% | -13.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.52% | 21.06% | -18.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.79% | 20.76% | -17.97% |
BMBSX vs. BMDSX - Expense Ratio Comparison
BMBSX has a 0.55% expense ratio, which is lower than BMDSX's 1.05% expense ratio.
Dividends
BMBSX vs. BMDSX - Dividend Comparison
BMBSX's dividend yield for the trailing twelve months is around 2.81%, less than BMDSX's 12.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMBSX Baird Quality Intermediate Municipal Bond Fund | 2.81% | 2.71% | 2.52% | 2.21% | 1.70% | 1.49% | 1.67% | 2.28% | 2.08% | 2.00% | 1.97% | 2.12% |
BMDSX Baird Mid Cap Growth Fund | 12.89% | 13.88% | 4.57% | 2.44% | 1.79% | 17.82% | 10.09% | 5.77% | 6.62% | 4.87% | 0.00% | 0.15% |
Frequently Asked Questions
BMBSX and BMDSX have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMDSX has higher volatility (3.35%) compared to BMBSX (0.64%). In terms of maximum drawdown, BMBSX dropped -9.57% vs BMDSX's -53.96%.
BMBSX currently has the higher Sharpe Ratio (1.87 vs -0.10), 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.
Find the right allocation for BMBSX and BMDSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer