Correlation
The correlation between BMBSX and VTEB is -0.01. 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.
BMBSX vs. VTEB
Compare and contrast key facts about Baird Quality Intermediate Municipal Bond Fund (BMBSX) and Vanguard Tax-Exempt Bond ETF (VTEB).
BMBSX is managed by Baird. It was launched on Mar 29, 2001. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BMBSX or VTEB.
Performance
BMBSX vs. VTEB - Performance Comparison
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Key characteristics
BMBSX:
0.92
VTEB:
0.32
BMBSX:
1.10
VTEB:
0.39
BMBSX:
1.20
VTEB:
1.06
BMBSX:
0.67
VTEB:
0.28
BMBSX:
3.25
VTEB:
0.80
BMBSX:
0.86%
VTEB:
1.66%
BMBSX:
3.34%
VTEB:
4.76%
BMBSX:
-9.57%
VTEB:
-17.00%
BMBSX:
-1.23%
VTEB:
-3.16%
Returns By Period
In the year-to-date period, BMBSX achieves a 0.20% return, which is significantly higher than VTEB's -1.59% return.
BMBSX
0.20%
0.09%
-0.57%
3.07%
1.65%
0.17%
1.40%
VTEB
-1.59%
-0.54%
-2.85%
1.53%
1.51%
0.45%
N/A
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BMBSX vs. VTEB - Expense Ratio Comparison
BMBSX has a 0.55% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
BMBSX vs. VTEB — Risk-Adjusted Performance Rank
BMBSX
VTEB
BMBSX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Quality Intermediate Municipal Bond Fund (BMBSX) and Vanguard Tax-Exempt Bond ETF (VTEB). 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
BMBSX vs. VTEB - Dividend Comparison
BMBSX's dividend yield for the trailing twelve months is around 2.42%, less than VTEB's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMBSX Baird Quality Intermediate Municipal Bond Fund | 2.42% | 2.50% | 2.22% | 1.71% | 1.49% | 1.67% | 1.97% | 2.08% | 2.02% | 1.98% | 2.11% | 2.26% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.27% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
BMBSX vs. VTEB - Drawdown Comparison
The maximum BMBSX drawdown since its inception was -9.57%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for BMBSX and VTEB.
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Volatility
BMBSX vs. VTEB - Volatility Comparison
The current volatility for Baird Quality Intermediate Municipal Bond Fund (BMBSX) is 0.49%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.05%. This indicates that BMBSX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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