BSBIX vs. GSSRX
Compare and contrast key facts about Baird Short-Term Bond Fund Institutional Class (BSBIX) and Goldman Sachs Short Duration Bond Fund (GSSRX).
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. GSSRX is managed by Goldman Sachs. It was launched on Feb 29, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSBIX or GSSRX.
Key characteristics
| BSBIX | GSSRX | |
|---|---|---|
| YTD Return | 0.59% | -0.05% |
| 1Y Return | 4.10% | 3.47% |
| 3Y Return (Ann) | 0.66% | 0.05% |
| 5Y Return (Ann) | 1.79% | 1.75% |
| 10Y Return (Ann) | 1.75% | 1.64% |
| Sharpe Ratio | 2.03 | 1.45 |
| Daily Std Dev | 2.13% | 2.54% |
| Max Drawdown | -5.95% | -8.50% |
| Current Drawdown | -0.32% | -0.68% |
Correlation
The correlation between BSBIX and GSSRX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BSBIX vs. GSSRX - Performance Comparison
In the year-to-date period, BSBIX achieves a 0.59% return, which is significantly higher than GSSRX's -0.05% return. Over the past 10 years, BSBIX has outperformed GSSRX with an annualized return of 1.75%, while GSSRX has yielded a comparatively lower 1.64% annualized 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. GSSRX - Expense Ratio Comparison
BSBIX has a 0.30% expense ratio, which is lower than GSSRX's 0.48% expense ratio.
Risk-Adjusted Performance
BSBIX vs. GSSRX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Short-Term Bond Fund Institutional Class (BSBIX) and Goldman Sachs Short Duration Bond Fund (GSSRX). 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. GSSRX - Dividend Comparison
BSBIX's dividend yield for the trailing twelve months is around 3.79%, more than GSSRX's 3.08% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSBIX Baird Short-Term Bond Fund Institutional Class | 3.79% | 3.41% | 1.79% | 1.42% | 2.61% | 2.49% | 2.21% | 1.73% | 1.60% | 1.62% | 1.70% | 1.78% |
GSSRX Goldman Sachs Short Duration Bond Fund | 3.08% | 3.14% | 2.18% | 1.40% | 2.19% | 2.85% | 2.55% | 2.21% | 2.08% | 2.43% | 1.55% | 1.48% |
Drawdowns
BSBIX vs. GSSRX - Drawdown Comparison
The maximum BSBIX drawdown since its inception was -5.95%, smaller than the maximum GSSRX drawdown of -8.50%. Use the drawdown chart below to compare losses from any high point for BSBIX and GSSRX. For additional features, visit the drawdowns tool.
Volatility
BSBIX vs. GSSRX - Volatility Comparison
Baird Short-Term Bond Fund Institutional Class (BSBIX) has a higher volatility of 0.84% compared to Goldman Sachs Short Duration Bond Fund (GSSRX) at 0.64%. This indicates that BSBIX's price experiences larger fluctuations and is considered to be riskier than GSSRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.