BMNSX vs. NQP
Compare and contrast key facts about Baird Core Intermediate Municipal Bond Fund (BMNSX) and Nuveen Pennsylvania Quality Municipal Income (NQP).
BMNSX is managed by Baird. It was launched on Aug 30, 2015. NQP is an actively managed fund by Nuveen. It was launched on Feb 21, 1991.
Performance
BMNSX vs. NQP - Performance Comparison
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BMNSX vs. NQP - 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% |
NQP Nuveen Pennsylvania Quality Municipal Income | 2.14% | 15.46% | 2.70% | 7.44% | -21.95% | 7.75% | 7.08% | 21.21% | -2.28% | 5.96% |
Returns By Period
In the year-to-date period, BMNSX achieves a 0.03% return, which is significantly lower than NQP's 2.14% return. Over the past 10 years, BMNSX has underperformed NQP with an annualized return of 2.25%, while NQP has yielded a comparatively higher 3.34% 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%
NQP
- 1D
- -0.17%
- 1M
- -0.51%
- YTD
- 2.14%
- 6M
- 2.76%
- 1Y
- 13.70%
- 3Y*
- 7.94%
- 5Y*
- 1.65%
- 10Y*
- 3.34%
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BMNSX vs. NQP - Expense Ratio Comparison
BMNSX has a 0.55% expense ratio, which is lower than NQP's 1.27% expense ratio.
Return for Risk
BMNSX vs. NQP — Risk / Return Rank
BMNSX
NQP
BMNSX vs. NQP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Core Intermediate Municipal Bond Fund (BMNSX) and Nuveen Pennsylvania Quality Municipal Income (NQP). 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 | NQP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.46 | 1.50 | -0.04 |
Sortino ratioReturn per unit of downside risk | 1.92 | 2.27 | -0.35 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.31 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 3.27 | -1.78 |
Martin ratioReturn relative to average drawdown | 6.01 | 8.94 | -2.93 |
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 | NQP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.46 | 1.50 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.53 | 0.17 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.75 | 0.31 | +0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.41 | +0.43 |
Correlation
The correlation between BMNSX and NQP is 0.41, 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.
Dividends
BMNSX vs. NQP - Dividend Comparison
BMNSX's dividend yield for the trailing twelve months is around 3.23%, less than NQP's 7.86% 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% |
NQP Nuveen Pennsylvania Quality Municipal Income | 7.86% | 7.87% | 6.69% | 3.07% | 4.89% | 4.51% | 4.38% | 4.23% | 5.34% | 5.34% | 5.67% | 6.10% |
Drawdowns
BMNSX vs. NQP - Drawdown Comparison
The maximum BMNSX drawdown since its inception was -10.24%, smaller than the maximum NQP drawdown of -41.87%. Use the drawdown chart below to compare losses from any high point for BMNSX and NQP.
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Drawdown Indicators
| BMNSX | NQP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.24% | -41.87% | +31.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.11% | -4.63% | +1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -10.24% | -32.41% | +22.17% |
Max Drawdown (10Y)Largest decline over 10 years | -10.24% | -32.41% | +22.17% |
Current DrawdownCurrent decline from peak | -1.71% | -1.68% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -6.93% | +5.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 1.69% | -0.92% |
Volatility
BMNSX vs. NQP - Volatility Comparison
The current volatility for Baird Core Intermediate Municipal Bond Fund (BMNSX) is 0.83%, while Nuveen Pennsylvania Quality Municipal Income (NQP) has a volatility of 4.13%. This indicates that BMNSX experiences smaller price fluctuations and is considered to be less risky than NQP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMNSX | NQP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 4.13% | -3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 1.15% | 5.32% | -4.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.03% | 9.22% | -6.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.67% | 9.80% | -7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.00% | 10.85% | -7.85% |