BSBIX vs. DFSD
Compare and contrast key facts about Baird Short-Term Bond Fund Institutional Class (BSBIX) and Dimensional Short-Duration Fixed Income ETF (DFSD).
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. DFSD is an actively managed fund by Dimensional. It was launched on Nov 15, 2021.
Performance
BSBIX vs. DFSD - Performance Comparison
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BSBIX vs. DFSD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
BSBIX Baird Short-Term Bond Fund Institutional Class | 0.27% | 5.67% | 4.99% | 5.65% | -3.64% | -0.11% |
DFSD Dimensional Short-Duration Fixed Income ETF | 0.15% | 6.59% | 4.60% | 6.09% | -5.87% | -0.02% |
Returns By Period
In the year-to-date period, BSBIX achieves a 0.27% return, which is significantly higher than DFSD's 0.15% 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%
DFSD
- 1D
- -0.02%
- 1M
- -0.70%
- YTD
- 0.15%
- 6M
- 1.06%
- 1Y
- 4.66%
- 3Y*
- 5.24%
- 5Y*
- —
- 10Y*
- —
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BSBIX vs. DFSD - Expense Ratio Comparison
BSBIX has a 0.30% expense ratio, which is higher than DFSD's 0.16% expense ratio.
Return for Risk
BSBIX vs. DFSD — Risk / Return Rank
BSBIX
DFSD
BSBIX vs. DFSD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Short-Term Bond Fund Institutional Class (BSBIX) and Dimensional Short-Duration Fixed Income ETF (DFSD). 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 | DFSD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.02 | 2.07 | +0.95 |
Sortino ratioReturn per unit of downside risk | 4.76 | 3.04 | +1.73 |
Omega ratioGain probability vs. loss probability | 1.81 | 1.43 | +0.37 |
Calmar ratioReturn relative to maximum drawdown | 4.54 | 3.25 | +1.29 |
Martin ratioReturn relative to average drawdown | 20.13 | 13.32 | +6.80 |
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 | DFSD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 2.07 | +0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.51 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.64 | 0.90 | +0.74 |
Correlation
The correlation between BSBIX and DFSD is 0.71, 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
BSBIX vs. DFSD - Dividend Comparison
BSBIX's dividend yield for the trailing twelve months is around 4.30%, more than DFSD's 3.94% 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% |
DFSD Dimensional Short-Duration Fixed Income ETF | 3.94% | 4.12% | 4.81% | 3.89% | 2.12% | 0.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSBIX vs. DFSD - Drawdown Comparison
The maximum BSBIX drawdown since its inception was -5.95%, smaller than the maximum DFSD drawdown of -8.45%. Use the drawdown chart below to compare losses from any high point for BSBIX and DFSD.
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Drawdown Indicators
| BSBIX | DFSD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.95% | -8.45% | +2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -1.47% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -5.95% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -5.95% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -0.91% | +0.32% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -2.13% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.36% | -0.15% |
Volatility
BSBIX vs. DFSD - Volatility Comparison
The current volatility for Baird Short-Term Bond Fund Institutional Class (BSBIX) is 0.53%, while Dimensional Short-Duration Fixed Income ETF (DFSD) has a volatility of 0.94%. This indicates that BSBIX experiences smaller price fluctuations and is considered to be less risky than DFSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSBIX | DFSD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.94% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 1.33% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.42% | 2.26% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 2.80% | -0.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.67% | 2.80% | -1.13% |