BMNSX vs. FBKWX
Compare and contrast key facts about Baird Core Intermediate Municipal Bond Fund (BMNSX) and Fidelity Advisor Total Bond Fund Class Z (FBKWX).
BMNSX is managed by Baird. It was launched on Aug 30, 2015. FBKWX is managed by Fidelity. It was launched on Oct 15, 2002.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BMNSX or FBKWX.
Key characteristics
| BMNSX | FBKWX | |
|---|---|---|
| YTD Return | 1.73% | 3.49% |
| 1Y Return | 6.28% | 9.27% |
| 3Y Return (Ann) | 0.20% | -1.28% |
| 5Y Return (Ann) | 1.45% | 0.78% |
| Sharpe Ratio | 2.90 | 1.76 |
| Sortino Ratio | 4.40 | 2.67 |
| Omega Ratio | 1.76 | 1.32 |
| Calmar Ratio | 1.11 | 0.77 |
| Martin Ratio | 13.01 | 6.96 |
| Ulcer Index | 0.51% | 1.45% |
| Daily Std Dev | 2.28% | 5.77% |
| Max Drawdown | -10.33% | -18.08% |
| Current Drawdown | -1.46% | -4.89% |
Correlation
The correlation between BMNSX and FBKWX is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BMNSX vs. FBKWX - Performance Comparison
In the year-to-date period, BMNSX achieves a 1.73% return, which is significantly lower than FBKWX's 3.49% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BMNSX vs. FBKWX - Expense Ratio Comparison
BMNSX has a 0.55% expense ratio, which is higher than FBKWX's 0.36% expense ratio.
Risk-Adjusted Performance
BMNSX vs. FBKWX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Core Intermediate Municipal Bond Fund (BMNSX) and Fidelity Advisor Total Bond Fund Class Z (FBKWX). 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.
Dividends
BMNSX vs. FBKWX - Dividend Comparison
BMNSX's dividend yield for the trailing twelve months is around 3.12%, less than FBKWX's 4.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
BMNSX Baird Core Intermediate Municipal Bond Fund | 3.12% | 2.72% | 1.69% | 1.23% | 1.76% | 2.08% | 2.02% | 1.72% | 1.58% | 0.50% | 0.00% |
FBKWX Fidelity Advisor Total Bond Fund Class Z | 4.42% | 4.23% | 3.42% | 2.29% | 2.62% | 3.02% | 3.31% | 2.84% | 3.06% | 3.81% | 0.22% |
Drawdowns
BMNSX vs. FBKWX - Drawdown Comparison
The maximum BMNSX drawdown since its inception was -10.33%, smaller than the maximum FBKWX drawdown of -18.08%. Use the drawdown chart below to compare losses from any high point for BMNSX and FBKWX. For additional features, visit the drawdowns tool.
Volatility
BMNSX vs. FBKWX - Volatility Comparison
The current volatility for Baird Core Intermediate Municipal Bond Fund (BMNSX) is 1.05%, while Fidelity Advisor Total Bond Fund Class Z (FBKWX) has a volatility of 1.63%. This indicates that BMNSX experiences smaller price fluctuations and is considered to be less risky than FBKWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.