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.
Key characteristics
| BSBIX | SCHO | |
|---|---|---|
| YTD Return | 4.46% | 4.52% |
| 1Y Return | 6.90% | 6.84% |
| 3Y Return (Ann) | 1.82% | 2.50% |
| 5Y Return (Ann) | 1.90% | 2.40% |
| 10Y Return (Ann) | 1.95% | 2.11% |
| Sharpe Ratio | 3.55 | 3.38 |
| Sortino Ratio | 5.81 | 5.70 |
| Omega Ratio | 1.89 | 1.78 |
| Calmar Ratio | 3.52 | 8.59 |
| Martin Ratio | 27.98 | 22.13 |
| Ulcer Index | 0.24% | 0.30% |
| Daily Std Dev | 1.91% | 1.97% |
| Max Drawdown | -6.49% | -5.39% |
| Current Drawdown | -0.57% | -0.69% |
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
The year-to-date returns for both investments are quite close, with BSBIX having a 4.46% return and SCHO slightly higher at 4.52%. Over the past 10 years, BSBIX has underperformed SCHO with an annualized return of 1.95%, while SCHO has yielded a comparatively higher 2.11% 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. 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 4.19%, less than SCHO's 5.62% 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% |
SCHO Schwab Short-Term U.S. Treasury ETF | 5.62% | 6.22% | 1.92% | 0.78% | 1.81% | 3.58% | 2.64% | 1.60% | 1.16% | 0.97% | 0.65% | 0.44% |
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 -5.39%. 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) and Schwab Short-Term U.S. Treasury ETF (SCHO) have volatilities of 0.33% and 0.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.