BMBSX vs. BSNSX
Compare and contrast key facts about Baird Quality Intermediate Municipal Bond Fund (BMBSX) and Baird Strategic Municipal Bond Fund (BSNSX).
BMBSX is managed by Baird. It was launched on Mar 29, 2001. BSNSX is managed by Baird. It was launched on Nov 14, 2019.
Performance
BMBSX vs. BSNSX - Performance Comparison
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BMBSX vs. BSNSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BMBSX Baird Quality Intermediate Municipal Bond Fund | -0.09% | 4.32% | 1.37% | 4.01% | -5.99% | 0.01% | 4.23% | 0.75% |
BSNSX Baird Strategic Municipal Bond Fund | 0.24% | 4.83% | 2.92% | 6.53% | -5.54% | 2.00% | 8.13% | 0.85% |
Returns By Period
In the year-to-date period, BMBSX achieves a -0.09% return, which is significantly lower than BSNSX's 0.24% return.
BMBSX
- 1D
- 0.18%
- 1M
- -1.55%
- YTD
- -0.09%
- 6M
- 0.96%
- 1Y
- 3.69%
- 3Y*
- 2.59%
- 5Y*
- 0.79%
- 10Y*
- 1.50%
BSNSX
- 1D
- 0.19%
- 1M
- -1.32%
- YTD
- 0.24%
- 6M
- 1.50%
- 1Y
- 4.30%
- 3Y*
- 3.97%
- 5Y*
- 1.99%
- 10Y*
- —
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BMBSX vs. BSNSX - Expense Ratio Comparison
Both BMBSX and BSNSX have an expense ratio of 0.55%.
Return for Risk
BMBSX vs. BSNSX — Risk / Return Rank
BMBSX
BSNSX
BMBSX vs. BSNSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Quality Intermediate Municipal Bond Fund (BMBSX) 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.
| BMBSX | BSNSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.36 | 1.65 | -0.29 |
Sortino ratioReturn per unit of downside risk | 1.77 | 2.15 | -0.38 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.48 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.65 | -0.26 |
Martin ratioReturn relative to average drawdown | 5.82 | 6.94 | -1.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BMBSX | BSNSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.36 | 1.65 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.76 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.13 | 0.90 | +0.22 |
Correlation
The correlation between BMBSX and BSNSX is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BMBSX vs. BSNSX - Dividend Comparison
BMBSX's dividend yield for the trailing twelve months is around 2.74%, less than BSNSX's 3.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMBSX Baird Quality Intermediate Municipal Bond Fund | 2.74% | 2.71% | 2.52% | 2.21% | 1.70% | 1.49% | 1.67% | 2.28% | 2.08% | 2.00% | 1.97% | 2.12% |
BSNSX Baird Strategic Municipal Bond Fund | 3.33% | 3.32% | 3.28% | 2.99% | 1.84% | 1.33% | 1.99% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BMBSX vs. BSNSX - Drawdown Comparison
The maximum BMBSX drawdown since its inception was -9.57%, roughly equal to the maximum BSNSX drawdown of -9.77%. Use the drawdown chart below to compare losses from any high point for BMBSX and BSNSX.
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Drawdown Indicators
| BMBSX | BSNSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.57% | -9.77% | +0.20% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.91% | -0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -9.57% | -9.77% | +0.20% |
Max Drawdown (10Y)Largest decline over 10 years | -9.57% | — | — |
Current DrawdownCurrent decline from peak | -1.72% | -1.51% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -1.40% | -1.60% | +0.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.69% | +0.02% |
Volatility
BMBSX vs. BSNSX - Volatility Comparison
Baird Quality Intermediate Municipal Bond Fund (BMBSX) and Baird Strategic Municipal Bond Fund (BSNSX) have volatilities of 0.79% and 0.76%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMBSX | BSNSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.79% | 0.76% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.06% | 1.05% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.87% | 2.82% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.48% | 2.65% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.78% | 3.39% | -0.61% |