BSBIX vs. STBFX

Last updated Jun 24, 2026

BSBIX (Baird Short-Term Bond Fund Institutional Class) and STBFX (Sextant Short Term Bond Fund) are both Short-Term Bond funds. A 0.52 correlation means they provide meaningful diversification when combined. BSBIX charges 0.30%/yr vs 0.60%/yr for STBFX.

Performance

BSBIX vs. STBFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baird Short-Term Bond Fund Institutional Class (BSBIX) and Sextant Short Term Bond Fund (STBFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSBIX

• 1D: -0.11%
• 1M: 0.25%
• YTD: 0.73%
• 6M: 0.84%
• 1Y: 3.57%
• 3Y*: 5.10%
• 5Y*: 2.53%
• 10Y*: 2.45%

STBFX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSBIX vs. STBFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSBIX Baird Short-Term Bond Fund Institutional Class	0.73%	5.67%	4.99%	5.65%	-3.64%	-0.42%	4.23%	4.68%	1.49%	1.53%
STBFX Sextant Short Term Bond Fund	0.28%	4.92%	3.87%	3.79%	-4.16%	-1.09%	3.42%	4.03%	1.09%	0.50%

Correlation

The correlation between BSBIX and STBFX is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.45
Correlation (5Y) Calculated over the trailing 5-year period	0.58
Correlation (10Y) Calculated over the trailing 10-year period	0.51
Correlation (All Time) Calculated using the full available price history since Aug 31, 2004	0.52

Over the past year, the correlation between BSBIX and STBFX has dropped to 0.29 - well below their long-term average of 0.52, suggesting their price drivers have been diverging.

Return for Risk

BSBIX vs. STBFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSBIX

BSBIX Risk / Return Rank: 91
BSBIX Sharpe Ratio Rank: 90
BSBIX Sortino Ratio Rank: 92
BSBIX Omega Ratio Rank: 94
BSBIX Calmar Ratio Rank: 86
BSBIX Martin Ratio Rank: 91

STBFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSBIX vs. STBFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baird Short-Term Bond Fund Institutional Class (BSBIX) and Sextant Short Term Bond Fund (STBFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BSBIX	STBFX	Difference
Sharpe ratio: Return per unit of total volatility	2.75	—	—
Sortino ratio: Return per unit of downside risk	4.34	—	—
Omega ratio: Gain probability vs. loss probability	1.71	—	—
Calmar ratio: Return relative to maximum drawdown	3.93	—	—
Martin ratio: Return relative to average drawdown	16.97	—	—

Drawdowns

Drawdown Indicators

	BSBIX	STBFX	Difference
Max Drawdown Largest peak-to-trough decline	-5.95%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-0.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-0.94%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-5.93%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-5.95%	—	—
Current Drawdown Current decline from peak	-0.21%	—	—
Average Drawdown Average peak-to-trough decline	-0.55%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.22%	—	—

Volatility

Volatility by Period

	BSBIX	STBFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.54%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.06%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	1.34%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1.95%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	1.67%	—	—

BSBIX vs. STBFX - Expense Ratio Comparison

BSBIX has a 0.30% expense ratio, which is lower than STBFX's 0.60% expense ratio.

Dividends

BSBIX vs. STBFX - Dividend Comparison

BSBIX's dividend yield for the trailing twelve months is around 4.27%, more than STBFX's 2.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSBIX Baird Short-Term Bond Fund Institutional Class	4.27%	4.35%	4.34%	3.41%	1.79%	1.42%	2.61%	2.49%	2.20%	1.73%	1.60%	1.62%
STBFX Sextant Short Term Bond Fund	2.61%	3.17%	2.77%	1.84%	1.04%	1.07%	1.60%	1.75%	1.47%	1.30%	1.06%	1.07%

Frequently Asked Questions

Can I hold both BSBIX and STBFX in my portfolio?

BSBIX and STBFX have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.