BMQSX vs. FXIEX
Compare and contrast key facts about Baird Municipal Bond Fund (BMQSX) and PIMCO Fixed Income SHares: Series TE (FXIEX).
BMQSX is managed by Baird. It was launched on Nov 14, 2019. FXIEX is managed by PIMCO. It was launched on Jun 24, 2012.
Performance
BMQSX vs. FXIEX - Performance Comparison
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BMQSX vs. FXIEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BMQSX Baird Municipal Bond Fund | -0.04% | 4.44% | 2.68% | 6.67% | -7.78% | 3.12% | 9.58% | 1.16% |
FXIEX PIMCO Fixed Income SHares: Series TE | -0.10% | 3.37% | 5.16% | 8.92% | -10.89% | 2.19% | 7.22% | 0.89% |
Returns By Period
In the year-to-date period, BMQSX achieves a -0.04% return, which is significantly higher than FXIEX's -0.10% return.
BMQSX
- 1D
- 0.10%
- 1M
- -1.29%
- YTD
- -0.04%
- 6M
- 1.57%
- 1Y
- 3.75%
- 3Y*
- 3.65%
- 5Y*
- 1.63%
- 10Y*
- —
FXIEX
- 1D
- 0.10%
- 1M
- -1.11%
- YTD
- -0.10%
- 6M
- 0.52%
- 1Y
- 1.98%
- 3Y*
- 4.74%
- 5Y*
- 1.59%
- 10Y*
- 2.81%
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BMQSX vs. FXIEX - Expense Ratio Comparison
BMQSX has a 0.55% expense ratio, which is higher than FXIEX's 0.07% expense ratio.
Return for Risk
BMQSX vs. FXIEX — Risk / Return Rank
BMQSX
FXIEX
BMQSX vs. FXIEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Municipal Bond Fund (BMQSX) and PIMCO Fixed Income SHares: Series TE (FXIEX). 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.
| BMQSX | FXIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.09 | 0.55 | +0.54 |
Sortino ratioReturn per unit of downside risk | 1.42 | 0.79 | +0.63 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.14 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 0.64 | +0.42 |
Martin ratioReturn relative to average drawdown | 3.66 | 1.89 | +1.77 |
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
| BMQSX | FXIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 0.55 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.38 | +0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.57 | +0.10 |
Correlation
The correlation between BMQSX and FXIEX is 0.79, 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.
Dividends
BMQSX vs. FXIEX - Dividend Comparison
BMQSX's dividend yield for the trailing twelve months is around 3.15%, more than FXIEX's 2.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMQSX Baird Municipal Bond Fund | 3.15% | 3.18% | 3.47% | 3.22% | 2.31% | 2.33% | 3.74% | 0.16% | 0.00% | 0.00% |
FXIEX PIMCO Fixed Income SHares: Series TE | 2.02% | 2.75% | 4.53% | 3.98% | 3.25% | 2.63% | 3.37% | 3.63% | 3.79% | 2.67% |
Drawdowns
BMQSX vs. FXIEX - Drawdown Comparison
The maximum BMQSX drawdown since its inception was -12.76%, smaller than the maximum FXIEX drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for BMQSX and FXIEX.
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Drawdown Indicators
| BMQSX | FXIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.76% | -15.25% | +2.49% |
Max Drawdown (1Y)Largest decline over 1 year | -4.02% | -5.11% | +1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -12.76% | -15.25% | +2.49% |
Max Drawdown (10Y)Largest decline over 10 years | — | -15.25% | — |
Current DrawdownCurrent decline from peak | -1.97% | -1.71% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -2.92% | +0.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.84% | -0.67% |
Volatility
BMQSX vs. FXIEX - Volatility Comparison
Baird Municipal Bond Fund (BMQSX) and PIMCO Fixed Income SHares: Series TE (FXIEX) have volatilities of 1.08% and 1.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMQSX | FXIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.08% | 1.11% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 1.51% | 2.34% | -0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 5.59% | -1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.55% | 4.30% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.49% | 4.07% | +0.42% |