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.
Performance
BSBIX vs. FFIZX - Performance Comparison
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BSBIX vs. FFIZX - 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% |
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | -1.32% | 19.93% | 13.37% | 19.44% | -18.15% | 15.97% | 16.51% | 26.01% | -7.20% | 20.57% |
Returns By Period
In the year-to-date period, BSBIX achieves a 0.27% return, which is significantly higher than FFIZX's -1.32% return. Over the past 10 years, BSBIX has underperformed FFIZX with an annualized return of 2.51%, while FFIZX has yielded a comparatively higher 10.49% 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%
FFIZX
- 1D
- 2.37%
- 1M
- -4.98%
- YTD
- -1.32%
- 6M
- 1.05%
- 1Y
- 17.78%
- 3Y*
- 14.46%
- 5Y*
- 7.63%
- 10Y*
- 10.49%
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BSBIX vs. FFIZX - Expense Ratio Comparison
BSBIX has a 0.30% expense ratio, which is higher than FFIZX's 0.08% expense ratio.
Return for Risk
BSBIX vs. FFIZX — Risk / Return Rank
BSBIX
FFIZX
BSBIX vs. FFIZX - Risk-Adjusted Trends 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.
| BSBIX | FFIZX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.02 | 1.32 | +1.70 |
Sortino ratioReturn per unit of downside risk | 4.76 | 1.91 | +2.85 |
Omega ratioGain probability vs. loss probability | 1.81 | 1.28 | +0.52 |
Calmar ratioReturn relative to maximum drawdown | 4.54 | 1.83 | +2.70 |
Martin ratioReturn relative to average drawdown | 20.13 | 8.44 | +11.69 |
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 | FFIZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 1.32 | +1.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.56 | +0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.51 | 0.71 | +0.80 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.64 | 0.63 | +1.00 |
Correlation
The correlation between BSBIX and FFIZX is 0.04, 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. FFIZX - Dividend Comparison
BSBIX's dividend yield for the trailing twelve months is around 4.30%, more than FFIZX's 2.41% 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% |
FFIZX Fidelity Freedom Index 2040 Fund Institutional Premium Class | 2.41% | 2.38% | 2.23% | 2.00% | 2.13% | 2.08% | 2.02% | 18.32% | 2.26% | 1.86% | 2.04% | 2.04% |
Drawdowns
BSBIX vs. FFIZX - Drawdown Comparison
The maximum BSBIX drawdown since its inception was -5.95%, 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.
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Drawdown Indicators
| BSBIX | FFIZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.95% | -30.69% | +24.74% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -9.98% | +9.04% |
Max Drawdown (5Y)Largest decline over 5 years | -5.95% | -26.07% | +20.12% |
Max Drawdown (10Y)Largest decline over 10 years | -5.95% | -30.69% | +24.74% |
Current DrawdownCurrent decline from peak | -0.59% | -5.92% | +5.33% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -4.72% | +4.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 2.17% | -1.96% |
Volatility
BSBIX vs. FFIZX - Volatility Comparison
The current volatility for Baird Short-Term Bond Fund Institutional Class (BSBIX) is 0.53%, while Fidelity Freedom Index 2040 Fund Institutional Premium Class (FFIZX) has a volatility of 5.25%. 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.
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Volatility by Period
| BSBIX | FFIZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 5.25% | -4.72% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 8.15% | -7.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.42% | 13.93% | -12.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 13.76% | -11.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.67% | 14.85% | -13.18% |