BMQSX vs. BSNSX
Compare and contrast key facts about Baird Municipal Bond Fund (BMQSX) and Baird Strategic Municipal Bond Fund (BSNSX).
BMQSX is managed by Baird. It was launched on Nov 14, 2019. BSNSX is managed by Baird. It was launched on Nov 14, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BMQSX or BSNSX.
Key characteristics
| BMQSX | BSNSX | |
|---|---|---|
| YTD Return | 1.67% | 2.06% |
| 1Y Return | 7.82% | 6.91% |
| 3Y Return (Ann) | -0.04% | 0.83% |
| Sharpe Ratio | 2.69 | 3.30 |
| Sortino Ratio | 4.02 | 5.20 |
| Omega Ratio | 1.65 | 1.92 |
| Calmar Ratio | 1.03 | 1.60 |
| Martin Ratio | 12.16 | 15.94 |
| Ulcer Index | 0.67% | 0.45% |
| Daily Std Dev | 3.04% | 2.16% |
| Max Drawdown | -13.36% | -10.21% |
| Current Drawdown | -2.27% | -1.55% |
Correlation
The correlation between BMQSX and BSNSX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BMQSX vs. BSNSX - Performance Comparison
In the year-to-date period, BMQSX achieves a 1.67% return, which is significantly lower than BSNSX's 2.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BMQSX vs. BSNSX - Expense Ratio Comparison
Both BMQSX and BSNSX have an expense ratio of 0.55%.
Risk-Adjusted Performance
BMQSX vs. BSNSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Municipal Bond Fund (BMQSX) 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.
Dividends
BMQSX vs. BSNSX - Dividend Comparison
BMQSX's dividend yield for the trailing twelve months is around 3.52%, more than BSNSX's 3.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
BMQSX Baird Municipal Bond Fund | 3.52% | 3.20% | 2.31% | 1.56% | 1.74% | 0.16% |
BSNSX Baird Strategic Municipal Bond Fund | 3.30% | 2.98% | 1.80% | 0.84% | 1.36% | 0.15% |
Drawdowns
BMQSX vs. BSNSX - Drawdown Comparison
The maximum BMQSX drawdown since its inception was -13.36%, which is greater than BSNSX's maximum drawdown of -10.21%. Use the drawdown chart below to compare losses from any high point for BMQSX and BSNSX. For additional features, visit the drawdowns tool.
Volatility
BMQSX vs. BSNSX - Volatility Comparison
Baird Municipal Bond Fund (BMQSX) has a higher volatility of 1.34% compared to Baird Strategic Municipal Bond Fund (BSNSX) at 0.90%. This indicates that BMQSX'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.