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BMQSX vs. BIAEX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BMQSX and BIAEX is 0.07, 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

BMQSX vs. BIAEX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baird Municipal Bond Fund (BMQSX) and Brown Advisory Tax Exempt Bond Fund (BIAEX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BMQSX:

0.35

BIAEX:

0.39

Sortino Ratio

BMQSX:

0.45

BIAEX:

0.52

Omega Ratio

BMQSX:

1.08

BIAEX:

1.08

Calmar Ratio

BMQSX:

0.33

BIAEX:

0.37

Martin Ratio

BMQSX:

1.13

BIAEX:

1.30

Ulcer Index

BMQSX:

1.31%

BIAEX:

1.28%

Daily Std Dev

BMQSX:

4.57%

BIAEX:

4.58%

Max Drawdown

BMQSX:

-12.75%

BIAEX:

-13.22%

Current Drawdown

BMQSX:

-2.34%

BIAEX:

-2.24%

Returns By Period

In the year-to-date period, BMQSX achieves a -0.74% return, which is significantly lower than BIAEX's -0.68% return.


BMQSX

YTD

-0.74%

1M

1.56%

6M

-0.76%

1Y

1.59%

5Y*

2.23%

10Y*

N/A

BIAEX

YTD

-0.68%

1M

1.67%

6M

-0.57%

1Y

1.77%

5Y*

1.92%

10Y*

2.24%

*Annualized

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BMQSX vs. BIAEX - Expense Ratio Comparison

BMQSX has a 0.55% expense ratio, which is higher than BIAEX's 0.46% expense ratio.


Risk-Adjusted Performance

BMQSX vs. BIAEX — Risk-Adjusted Performance Rank

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

BMQSX
The Risk-Adjusted Performance Rank of BMQSX is 3939
Overall Rank
The Sharpe Ratio Rank of BMQSX is 4141
Sharpe Ratio Rank
The Sortino Ratio Rank of BMQSX is 3232
Sortino Ratio Rank
The Omega Ratio Rank of BMQSX is 3636
Omega Ratio Rank
The Calmar Ratio Rank of BMQSX is 4545
Calmar Ratio Rank
The Martin Ratio Rank of BMQSX is 4040
Martin Ratio Rank

BIAEX
The Risk-Adjusted Performance Rank of BIAEX is 4242
Overall Rank
The Sharpe Ratio Rank of BIAEX is 4343
Sharpe Ratio Rank
The Sortino Ratio Rank of BIAEX is 3535
Sortino Ratio Rank
The Omega Ratio Rank of BIAEX is 3939
Omega Ratio Rank
The Calmar Ratio Rank of BIAEX is 4949
Calmar Ratio Rank
The Martin Ratio Rank of BIAEX is 4343
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.

BMQSX vs. BIAEX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Baird Municipal Bond Fund (BMQSX) and Brown Advisory Tax Exempt Bond Fund (BIAEX). 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 BMQSX Sharpe Ratio is 0.35, which is comparable to the BIAEX Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of BMQSX and BIAEX, 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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Dividends

BMQSX vs. BIAEX - Dividend Comparison

BMQSX's dividend yield for the trailing twelve months is around 3.53%, less than BIAEX's 4.00% yield.


TTM20242023202220212020201920182017201620152014
BMQSX
Baird Municipal Bond Fund
3.53%3.46%3.20%2.31%1.56%1.74%0.16%0.00%0.00%0.00%0.00%0.00%
BIAEX
Brown Advisory Tax Exempt Bond Fund
4.00%4.00%3.81%3.01%2.54%2.54%3.01%3.27%3.08%2.81%2.00%1.95%

Drawdowns

BMQSX vs. BIAEX - Drawdown Comparison

The maximum BMQSX drawdown since its inception was -12.75%, roughly equal to the maximum BIAEX drawdown of -13.22%. Use the drawdown chart below to compare losses from any high point for BMQSX and BIAEX. For additional features, visit the drawdowns tool.


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Volatility

BMQSX vs. BIAEX - Volatility Comparison

The current volatility for Baird Municipal Bond Fund (BMQSX) is 1.50%, while Brown Advisory Tax Exempt Bond Fund (BIAEX) has a volatility of 1.58%. This indicates that BMQSX experiences smaller price fluctuations and is considered to be less risky than BIAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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