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.
Performance
BSBIX vs. FNSOX - Performance Comparison
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BSBIX vs. FNSOX - 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% | -0.14% |
FNSOX Fidelity Short-Term Bond Index Fund | -0.12% | 6.01% | 3.90% | 4.90% | -5.76% | -1.25% | 4.28% | 4.95% | 1.14% | -0.22% |
Returns By Period
In the year-to-date period, BSBIX achieves a 0.27% return, which is significantly higher than FNSOX's -0.12% 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%
FNSOX
- 1D
- 0.10%
- 1M
- -0.79%
- YTD
- -0.12%
- 6M
- 0.91%
- 1Y
- 3.80%
- 3Y*
- 4.25%
- 5Y*
- 1.58%
- 10Y*
- —
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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.
Return for Risk
BSBIX vs. FNSOX — Risk / Return Rank
BSBIX
FNSOX
BSBIX vs. FNSOX - 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 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.
| BSBIX | FNSOX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.02 | 1.74 | +1.28 |
Sortino ratioReturn per unit of downside risk | 4.76 | 2.68 | +2.08 |
Omega ratioGain probability vs. loss probability | 1.81 | 1.35 | +0.45 |
Calmar ratioReturn relative to maximum drawdown | 4.54 | 2.79 | +1.75 |
Martin ratioReturn relative to average drawdown | 20.13 | 10.34 | +9.79 |
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 | FNSOX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 1.74 | +1.28 |
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 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.64 | 0.83 | +0.81 |
Correlation
The correlation between BSBIX and FNSOX is 0.76, 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. FNSOX - Dividend Comparison
BSBIX's dividend yield for the trailing twelve months is around 4.30%, more than FNSOX's 3.14% 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% |
FNSOX Fidelity Short-Term Bond Index Fund | 3.14% | 3.22% | 2.80% | 1.74% | 0.81% | 0.80% | 1.54% | 2.61% | 2.04% | 0.34% | 0.00% | 0.00% |
Drawdowns
BSBIX vs. FNSOX - Drawdown Comparison
The maximum BSBIX drawdown since its inception was -5.95%, smaller than the maximum FNSOX drawdown of -8.92%. Use the drawdown chart below to compare losses from any high point for BSBIX and FNSOX.
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Drawdown Indicators
| BSBIX | FNSOX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.95% | -8.92% | +2.97% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -1.47% | +0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -5.95% | -8.77% | +2.82% |
Max Drawdown (10Y)Largest decline over 10 years | -5.95% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -1.08% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -1.75% | +1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.40% | -0.19% |
Volatility
BSBIX vs. FNSOX - Volatility Comparison
The current volatility for Baird Short-Term Bond Fund Institutional Class (BSBIX) is 0.53%, while Fidelity Short-Term Bond Index Fund (FNSOX) has a volatility of 0.75%. 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.
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Volatility by Period
| BSBIX | FNSOX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.75% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 1.37% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.42% | 2.21% | -0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 2.86% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.67% | 2.48% | -0.81% |