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BMNSX vs. BSNSX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BMNSX and BSNSX is 0.06, 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.


Performance

BMNSX vs. BSNSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baird Core Intermediate Municipal Bond Fund (BMNSX) and Baird Strategic Municipal Bond Fund (BSNSX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BMNSX:

0.91

BSNSX:

1.18

Sortino Ratio

BMNSX:

1.19

BSNSX:

1.59

Omega Ratio

BMNSX:

1.22

BSNSX:

1.30

Calmar Ratio

BMNSX:

0.98

BSNSX:

1.32

Martin Ratio

BMNSX:

3.50

BSNSX:

4.89

Ulcer Index

BMNSX:

0.90%

BSNSX:

0.79%

Daily Std Dev

BMNSX:

3.49%

BSNSX:

3.21%

Max Drawdown

BMNSX:

-10.24%

BSNSX:

-9.77%

Current Drawdown

BMNSX:

-1.24%

BSNSX:

-0.94%

Returns By Period

In the year-to-date period, BMNSX achieves a 0.07% return, which is significantly lower than BSNSX's 0.40% return.


BMNSX

YTD

0.07%

1M

0.06%

6M

-0.84%

1Y

3.14%

3Y*

2.32%

5Y*

1.11%

10Y*

N/A

BSNSX

YTD

0.40%

1M

0.18%

6M

-0.42%

1Y

3.76%

3Y*

3.09%

5Y*

2.08%

10Y*

N/A

*Annualized

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BMNSX vs. BSNSX - Expense Ratio Comparison

Both BMNSX and BSNSX have an expense ratio of 0.55%.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

BMNSX vs. BSNSX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BMNSX
The Risk-Adjusted Performance Rank of BMNSX is 7171
Overall Rank
The Sharpe Ratio Rank of BMNSX is 6767
Sharpe Ratio Rank
The Sortino Ratio Rank of BMNSX is 6161
Sortino Ratio Rank
The Omega Ratio Rank of BMNSX is 8080
Omega Ratio Rank
The Calmar Ratio Rank of BMNSX is 7676
Calmar Ratio Rank
The Martin Ratio Rank of BMNSX is 7171
Martin Ratio Rank

BSNSX
The Risk-Adjusted Performance Rank of BSNSX is 8383
Overall Rank
The Sharpe Ratio Rank of BSNSX is 8080
Sharpe Ratio Rank
The Sortino Ratio Rank of BSNSX is 7878
Sortino Ratio Rank
The Omega Ratio Rank of BSNSX is 8787
Omega Ratio Rank
The Calmar Ratio Rank of BSNSX is 8585
Calmar Ratio Rank
The Martin Ratio Rank of BSNSX is 8282
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BMNSX vs. BSNSX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Baird Core Intermediate Municipal Bond Fund (BMNSX) 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.


The current BMNSX Sharpe Ratio is 0.91, which is comparable to the BSNSX Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of BMNSX and BSNSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

BMNSX vs. BSNSX - Dividend Comparison

BMNSX's dividend yield for the trailing twelve months is around 3.23%, less than BSNSX's 3.33% yield.


TTM2024202320222021202020192018201720162015
BMNSX
Baird Core Intermediate Municipal Bond Fund
3.23%3.12%2.74%1.67%1.34%2.00%1.07%2.00%1.71%1.58%0.59%
BSNSX
Baird Strategic Municipal Bond Fund
3.33%3.27%2.99%1.84%1.33%1.99%0.00%0.00%0.00%0.00%0.00%

Drawdowns

BMNSX vs. BSNSX - Drawdown Comparison

The maximum BMNSX drawdown since its inception was -10.24%, roughly equal to the maximum BSNSX drawdown of -9.77%. Use the drawdown chart below to compare losses from any high point for BMNSX and BSNSX.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

BMNSX vs. BSNSX - Volatility Comparison

Baird Core Intermediate Municipal Bond Fund (BMNSX) has a higher volatility of 0.46% compared to Baird Strategic Municipal Bond Fund (BSNSX) at 0.43%. This indicates that BMNSX's price experiences larger fluctuations and is considered to be riskier than BSNSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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