BSBIX vs. SCHO
Compare and contrast key facts about Baird Short-Term Bond Fund Institutional Class (BSBIX) and Schwab Short-Term U.S. Treasury ETF (SCHO).
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. SCHO is a passively managed fund by Charles Schwab that tracks the performance of the Bloomberg US Treasury (1-3 Y) (Inception 4/30/1996). It was launched on Aug 5, 2010. Both BSBIX and SCHO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSBIX or SCHO.
Correlation
The correlation between BSBIX and SCHO is 0.67, 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. SCHO - Performance Comparison
Key characteristics
BSBIX:
2.61
SCHO:
2.95
BSBIX:
3.93
SCHO:
5.31
BSBIX:
1.59
SCHO:
1.70
BSBIX:
6.89
SCHO:
6.63
BSBIX:
14.63
SCHO:
17.16
BSBIX:
0.32%
SCHO:
0.36%
BSBIX:
1.77%
SCHO:
2.11%
BSBIX:
-6.49%
SCHO:
-5.34%
BSBIX:
-0.67%
SCHO:
-0.48%
Returns By Period
In the year-to-date period, BSBIX achieves a 4.35% return, which is significantly lower than SCHO's 6.01% return. Over the past 10 years, BSBIX has underperformed SCHO with an annualized return of 1.98%, while SCHO has yielded a comparatively higher 2.34% annualized return.
BSBIX
4.35%
-0.11%
2.45%
4.62%
1.78%
1.98%
SCHO
6.01%
0.29%
3.63%
6.17%
2.62%
2.34%
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BSBIX vs. SCHO - Expense Ratio Comparison
BSBIX has a 0.30% expense ratio, which is higher than SCHO's 0.05% expense ratio.
Risk-Adjusted Performance
BSBIX vs. SCHO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Short-Term Bond Fund Institutional Class (BSBIX) and Schwab Short-Term U.S. Treasury ETF (SCHO). 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. SCHO - Dividend Comparison
BSBIX's dividend yield for the trailing twelve months is around 3.87%, less than SCHO's 6.50% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSBIX Baird Short-Term Bond Fund Institutional Class | 3.87% | 3.42% | 1.77% | 1.11% | 1.89% | 2.50% | 2.20% | 1.73% | 1.61% | 1.58% | 1.65% | 1.75% |
SCHO Schwab Short-Term U.S. Treasury ETF | 6.50% | 6.55% | 1.88% | 0.71% | 1.84% | 3.18% | 2.99% | 1.83% | 1.37% | 0.96% | 0.71% | 0.42% |
Drawdowns
BSBIX vs. SCHO - Drawdown Comparison
The maximum BSBIX drawdown since its inception was -6.49%, which is greater than SCHO's maximum drawdown of -5.34%. Use the drawdown chart below to compare losses from any high point for BSBIX and SCHO. For additional features, visit the drawdowns tool.
Volatility
BSBIX vs. SCHO - Volatility Comparison
Baird Short-Term Bond Fund Institutional Class (BSBIX) has a higher volatility of 0.52% compared to Schwab Short-Term U.S. Treasury ETF (SCHO) at 0.35%. This indicates that BSBIX's price experiences larger fluctuations and is considered to be riskier than SCHO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.