BMQSX vs. VWALX
Compare and contrast key facts about Baird Municipal Bond Fund (BMQSX) and Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX).
BMQSX is managed by Baird. It was launched on Nov 14, 2019. VWALX is managed by Vanguard. It was launched on Nov 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BMQSX or VWALX.
Correlation
The correlation between BMQSX and VWALX is 0.87, 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. VWALX - Performance Comparison
Key characteristics
BMQSX:
0.46
VWALX:
0.26
BMQSX:
0.62
VWALX:
0.37
BMQSX:
1.11
VWALX:
1.07
BMQSX:
0.47
VWALX:
0.24
BMQSX:
1.83
VWALX:
0.98
BMQSX:
1.13%
VWALX:
1.60%
BMQSX:
4.52%
VWALX:
6.12%
BMQSX:
-13.36%
VWALX:
-17.74%
BMQSX:
-2.74%
VWALX:
-4.35%
Returns By Period
In the year-to-date period, BMQSX achieves a -1.14% return, which is significantly higher than VWALX's -2.42% return.
BMQSX
-1.14%
-1.74%
-1.66%
2.07%
1.50%
N/A
VWALX
-2.42%
-2.69%
-3.02%
1.48%
1.70%
2.72%
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BMQSX vs. VWALX - Expense Ratio Comparison
BMQSX has a 0.55% expense ratio, which is higher than VWALX's 0.09% expense ratio.
Risk-Adjusted Performance
BMQSX vs. VWALX — Risk-Adjusted Performance Rank
BMQSX
VWALX
BMQSX vs. VWALX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Municipal Bond Fund (BMQSX) and Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX). 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. VWALX - Dividend Comparison
BMQSX's dividend yield for the trailing twelve months is around 3.56%, less than VWALX's 4.00% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMQSX Baird Municipal Bond Fund | 3.56% | 3.46% | 3.20% | 2.31% | 1.56% | 1.74% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWALX Vanguard High-Yield Tax-Exempt Fund Admiral Shares | 4.00% | 3.82% | 3.59% | 3.44% | 2.93% | 3.16% | 3.44% | 3.84% | 3.77% | 3.88% | 3.75% | 3.83% |
Drawdowns
BMQSX vs. VWALX - Drawdown Comparison
The maximum BMQSX drawdown since its inception was -13.36%, smaller than the maximum VWALX drawdown of -17.74%. Use the drawdown chart below to compare losses from any high point for BMQSX and VWALX. For additional features, visit the drawdowns tool.
Volatility
BMQSX vs. VWALX - Volatility Comparison
The current volatility for Baird Municipal Bond Fund (BMQSX) is 3.39%, while Vanguard High-Yield Tax-Exempt Fund Admiral Shares (VWALX) has a volatility of 4.77%. This indicates that BMQSX experiences smaller price fluctuations and is considered to be less risky than VWALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.