BMNSX vs. BSBIX
Compare and contrast key facts about Baird Core Intermediate Municipal Bond Fund (BMNSX) and Baird Short-Term Bond Fund Institutional Class (BSBIX).
BMNSX is managed by Baird. It was launched on Aug 30, 2015. BSBIX is a passively managed fund by Baird that tracks the performance of the Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index. It was launched on Aug 31, 2004.
Performance
BMNSX vs. BSBIX - Performance Comparison
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BMNSX vs. BSBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMNSX Baird Core Intermediate Municipal Bond Fund | 0.03% | 4.63% | 2.26% | 5.28% | -6.40% | 1.44% | 5.02% | 6.40% | 1.05% | 5.00% |
BSBIX Baird Short-Term Bond Fund Institutional Class | 0.27% | 5.67% | 4.99% | 5.65% | -3.64% | -0.42% | 4.23% | 4.68% | 1.49% | 1.53% |
Returns By Period
In the year-to-date period, BMNSX achieves a 0.03% return, which is significantly lower than BSBIX's 0.27% return. Over the past 10 years, BMNSX has underperformed BSBIX with an annualized return of 2.25%, while BSBIX has yielded a comparatively higher 2.51% annualized return.
BMNSX
- 1D
- 0.19%
- 1M
- -1.52%
- YTD
- 0.03%
- 6M
- 1.45%
- 1Y
- 4.10%
- 3Y*
- 3.37%
- 5Y*
- 1.40%
- 10Y*
- 2.25%
BSBIX
- 1D
- 0.00%
- 1M
- -0.39%
- YTD
- 0.27%
- 6M
- 1.29%
- 1Y
- 4.15%
- 3Y*
- 5.01%
- 5Y*
- 2.46%
- 10Y*
- 2.51%
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BMNSX vs. BSBIX - Expense Ratio Comparison
BMNSX has a 0.55% expense ratio, which is higher than BSBIX's 0.30% expense ratio.
Return for Risk
BMNSX vs. BSBIX — Risk / Return Rank
BMNSX
BSBIX
BMNSX vs. BSBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Core Intermediate Municipal Bond Fund (BMNSX) and Baird Short-Term Bond Fund Institutional Class (BSBIX). 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.
| BMNSX | BSBIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 3.02 | -1.56 |
Sortino ratioReturn per unit of downside risk | 1.92 | 4.76 | -2.84 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.81 | -0.37 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 4.54 | -3.06 |
Martin ratioReturn relative to average drawdown | 6.01 | 20.13 | -14.12 |
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
| BMNSX | BSBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 3.02 | -1.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 1.28 | -0.75 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 1.51 | -0.75 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 1.64 | -0.80 |
Correlation
The correlation between BMNSX and BSBIX is 0.37, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BMNSX vs. BSBIX - Dividend Comparison
BMNSX's dividend yield for the trailing twelve months is around 3.23%, less than BSBIX's 4.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMNSX Baird Core Intermediate Municipal Bond Fund | 3.23% | 3.22% | 3.12% | 2.74% | 1.67% | 1.34% | 1.99% | 2.15% | 2.01% | 1.71% | 1.39% | 0.59% |
BSBIX Baird Short-Term Bond Fund Institutional Class | 4.30% | 4.35% | 4.34% | 3.41% | 1.79% | 1.42% | 2.61% | 2.49% | 2.20% | 1.73% | 1.60% | 1.62% |
Drawdowns
BMNSX vs. BSBIX - Drawdown Comparison
The maximum BMNSX drawdown since its inception was -10.24%, which is greater than BSBIX's maximum drawdown of -5.95%. Use the drawdown chart below to compare losses from any high point for BMNSX and BSBIX.
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Drawdown Indicators
| BMNSX | BSBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.24% | -5.95% | -4.29% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -0.94% | -2.17% |
Max Drawdown (5Y)Largest decline over 5 years | -10.24% | -5.95% | -4.29% |
Max Drawdown (10Y)Largest decline over 10 years | -10.24% | -5.95% | -4.29% |
Current DrawdownCurrent decline from peak | -1.71% | -0.59% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -0.55% | -1.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.21% | +0.56% |
Volatility
BMNSX vs. BSBIX - Volatility Comparison
Baird Core Intermediate Municipal Bond Fund (BMNSX) has a higher volatility of 0.83% compared to Baird Short-Term Bond Fund Institutional Class (BSBIX) at 0.53%. This indicates that BMNSX's price experiences larger fluctuations and is considered to be riskier than BSBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMNSX | BSBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.53% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.15% | 0.86% | +0.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.03% | 1.42% | +1.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 1.93% | +0.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.00% | 1.67% | +1.33% |