BSBIX vs. BMBSX
Compare and contrast key facts about Baird Short-Term Bond Fund Institutional Class (BSBIX) and Baird Quality Intermediate Municipal Bond Fund (BMBSX).
BSBIX is a passively managed fund by Baird that tracks the performance of the Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index. It was launched on Aug 31, 2004. BMBSX is managed by Baird. It was launched on Mar 29, 2001.
Performance
BSBIX vs. BMBSX - Performance Comparison
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BSBIX vs. BMBSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSBIX Baird Short-Term Bond Fund Institutional Class | 0.27% | 5.67% | 4.99% | 5.65% | -3.64% | -0.42% | 4.23% | 4.68% | 1.49% | 1.53% |
BMBSX Baird Quality Intermediate Municipal Bond Fund | -0.09% | 4.32% | 1.37% | 4.01% | -5.99% | 0.01% | 4.23% | 5.66% | 0.90% | 2.97% |
Returns By Period
In the year-to-date period, BSBIX achieves a 0.27% return, which is significantly higher than BMBSX's -0.09% return. Over the past 10 years, BSBIX has outperformed BMBSX with an annualized return of 2.51%, while BMBSX has yielded a comparatively lower 1.50% annualized return.
BSBIX
- 1D
- 0.00%
- 1M
- -0.39%
- YTD
- 0.27%
- 6M
- 1.29%
- 1Y
- 4.15%
- 3Y*
- 5.01%
- 5Y*
- 2.46%
- 10Y*
- 2.51%
BMBSX
- 1D
- 0.18%
- 1M
- -1.55%
- YTD
- -0.09%
- 6M
- 0.96%
- 1Y
- 3.69%
- 3Y*
- 2.59%
- 5Y*
- 0.79%
- 10Y*
- 1.50%
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BSBIX vs. BMBSX - Expense Ratio Comparison
BSBIX has a 0.30% expense ratio, which is lower than BMBSX's 0.55% expense ratio.
Return for Risk
BSBIX vs. BMBSX — Risk / Return Rank
BSBIX
BMBSX
BSBIX vs. BMBSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Short-Term Bond Fund Institutional Class (BSBIX) and Baird Quality Intermediate Municipal Bond Fund (BMBSX). 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.
| BSBIX | BMBSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.02 | 1.36 | +1.66 |
Sortino ratioReturn per unit of downside risk | 4.76 | 1.77 | +3.00 |
Omega ratioGain probability vs. loss probability | 1.81 | 1.40 | +0.41 |
Calmar ratioReturn relative to maximum drawdown | 4.54 | 1.39 | +3.15 |
Martin ratioReturn relative to average drawdown | 20.13 | 5.82 | +14.30 |
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
| BSBIX | BMBSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 1.36 | +1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.32 | +0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.51 | 0.54 | +0.97 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.64 | 1.13 | +0.51 |
Correlation
The correlation between BSBIX and BMBSX is 0.39, 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.
Dividends
BSBIX vs. BMBSX - Dividend Comparison
BSBIX's dividend yield for the trailing twelve months is around 4.30%, more than BMBSX's 2.74% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSBIX Baird Short-Term Bond Fund Institutional Class | 4.30% | 4.35% | 4.34% | 3.41% | 1.79% | 1.42% | 2.61% | 2.49% | 2.20% | 1.73% | 1.60% | 1.62% |
BMBSX Baird Quality Intermediate Municipal Bond Fund | 2.74% | 2.71% | 2.52% | 2.21% | 1.70% | 1.49% | 1.67% | 2.28% | 2.08% | 2.00% | 1.97% | 2.12% |
Drawdowns
BSBIX vs. BMBSX - Drawdown Comparison
The maximum BSBIX drawdown since its inception was -5.95%, smaller than the maximum BMBSX drawdown of -9.57%. Use the drawdown chart below to compare losses from any high point for BSBIX and BMBSX.
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Drawdown Indicators
| BSBIX | BMBSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.95% | -9.57% | +3.62% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -2.99% | +2.05% |
Max Drawdown (5Y)Largest decline over 5 years | -5.95% | -9.57% | +3.62% |
Max Drawdown (10Y)Largest decline over 10 years | -5.95% | -9.57% | +3.62% |
Current DrawdownCurrent decline from peak | -0.59% | -1.72% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -1.40% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.71% | -0.50% |
Volatility
BSBIX vs. BMBSX - Volatility Comparison
The current volatility for Baird Short-Term Bond Fund Institutional Class (BSBIX) is 0.53%, while Baird Quality Intermediate Municipal Bond Fund (BMBSX) has a volatility of 0.79%. This indicates that BSBIX experiences smaller price fluctuations and is considered to be less risky than BMBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSBIX | BMBSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.79% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 1.06% | -0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.42% | 2.87% | -1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 2.48% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.67% | 2.78% | -1.11% |