BSBIX vs. FNSOX
Compare and contrast key facts about Baird Short-Term Bond Fund Institutional Class (BSBIX) and Fidelity Short-Term Bond Index Fund (FNSOX).
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. FNSOX is managed by Fidelity. It was launched on Oct 18, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSBIX or FNSOX.
Key characteristics
| BSBIX | FNSOX | |
|---|---|---|
| YTD Return | 4.46% | 3.64% |
| 1Y Return | 6.90% | 6.27% |
| 3Y Return (Ann) | 1.82% | 0.66% |
| 5Y Return (Ann) | 1.90% | 1.17% |
| Sharpe Ratio | 3.55 | 2.42 |
| Sortino Ratio | 5.81 | 3.92 |
| Omega Ratio | 1.89 | 1.52 |
| Calmar Ratio | 3.52 | 1.27 |
| Martin Ratio | 27.98 | 11.57 |
| Ulcer Index | 0.24% | 0.56% |
| Daily Std Dev | 1.91% | 2.70% |
| Max Drawdown | -6.49% | -8.83% |
| Current Drawdown | -0.57% | -1.19% |
Correlation
The correlation between BSBIX and FNSOX is 0.75, 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
BSBIX vs. FNSOX - Performance Comparison
In the year-to-date period, BSBIX achieves a 4.46% return, which is significantly higher than FNSOX's 3.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BSBIX vs. FNSOX - Expense Ratio Comparison
BSBIX has a 0.30% expense ratio, which is higher than FNSOX's 0.03% expense ratio.
Risk-Adjusted Performance
BSBIX vs. FNSOX - 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 Short-Term Bond Index Fund (FNSOX). 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. FNSOX - Dividend Comparison
BSBIX's dividend yield for the trailing twelve months is around 4.19%, more than FNSOX's 2.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSBIX Baird Short-Term Bond Fund Institutional Class | 4.19% | 3.42% | 1.77% | 1.11% | 1.89% | 2.50% | 2.20% | 1.73% | 1.61% | 1.58% | 1.65% | 1.75% |
FNSOX Fidelity Short-Term Bond Index Fund | 2.05% | 1.75% | 1.17% | 0.76% | 1.45% | 2.35% | 2.03% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSBIX vs. FNSOX - Drawdown Comparison
The maximum BSBIX drawdown since its inception was -6.49%, smaller than the maximum FNSOX drawdown of -8.83%. Use the drawdown chart below to compare losses from any high point for BSBIX and FNSOX. For additional features, visit the drawdowns tool.
Volatility
BSBIX vs. FNSOX - Volatility Comparison
The current volatility for Baird Short-Term Bond Fund Institutional Class (BSBIX) is 0.33%, while Fidelity Short-Term Bond Index Fund (FNSOX) has a volatility of 0.46%. This indicates that BSBIX experiences smaller price fluctuations and is considered to be less risky than FNSOX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.