BSBIX vs. FFIZX
Compare and contrast key facts about Baird Short-Term Bond Fund Institutional Class (BSBIX) and Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX).
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. FFIZX is managed by Fidelity. It was launched on Oct 2, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSBIX or FFIZX.
Key characteristics
| BSBIX | FFIZX | |
|---|---|---|
| YTD Return | 4.35% | 15.31% |
| 1Y Return | 6.79% | 26.15% |
| 3Y Return (Ann) | 1.89% | 3.87% |
| 5Y Return (Ann) | 1.84% | 9.67% |
| Sharpe Ratio | 3.63 | 2.57 |
| Sortino Ratio | 6.00 | 3.60 |
| Omega Ratio | 1.92 | 1.48 |
| Calmar Ratio | 3.79 | 2.30 |
| Martin Ratio | 26.91 | 16.90 |
| Ulcer Index | 0.26% | 1.55% |
| Daily Std Dev | 1.90% | 10.19% |
| Max Drawdown | -6.49% | -30.69% |
| Current Drawdown | -0.67% | -0.93% |
Correlation
The correlation between BSBIX and FFIZX is 0.02, 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.
Performance
BSBIX vs. FFIZX - Performance Comparison
In the year-to-date period, BSBIX achieves a 4.35% return, which is significantly lower than FFIZX's 15.31% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BSBIX vs. FFIZX - Expense Ratio Comparison
BSBIX has a 0.30% expense ratio, which is higher than FFIZX's 0.08% expense ratio.
Risk-Adjusted Performance
BSBIX vs. FFIZX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Short-Term Bond Fund Institutional Class (BSBIX) and Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX). 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
BSBIX vs. FFIZX - Dividend Comparison
BSBIX's dividend yield for the trailing twelve months is around 4.20%, more than FFIZX's 1.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSBIX Baird Short-Term Bond Fund Institutional Class | 4.20% | 3.42% | 1.77% | 1.11% | 1.89% | 2.50% | 2.20% | 1.73% | 1.61% | 1.58% | 1.65% | 1.75% |
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | 1.81% | 2.00% | 2.01% | 1.62% | 1.43% | 1.87% | 2.25% | 1.77% | 1.99% | 2.04% | 0.00% | 0.00% |
Drawdowns
BSBIX vs. FFIZX - Drawdown Comparison
The maximum BSBIX drawdown since its inception was -6.49%, smaller than the maximum FFIZX drawdown of -30.69%. Use the drawdown chart below to compare losses from any high point for BSBIX and FFIZX. For additional features, visit the drawdowns tool.
Volatility
BSBIX vs. FFIZX - Volatility Comparison
The current volatility for Baird Short-Term Bond Fund Institutional Class (BSBIX) is 0.32%, while Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) has a volatility of 2.82%. This indicates that BSBIX experiences smaller price fluctuations and is considered to be less risky than FFIZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.