BSBIX vs. TSDLX
Compare and contrast key facts about Baird Short-Term Bond Fund Institutional Class (BSBIX) and T. Rowe Price Short Duration Income Fund (TSDLX).
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. TSDLX is managed by T. Rowe Price. It was launched on Dec 7, 2020.
Performance
BSBIX vs. TSDLX - Performance Comparison
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BSBIX vs. TSDLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BSBIX Baird Short-Term Bond Fund Institutional Class | 0.27% | 5.67% | 4.99% | 5.65% | -3.64% | -0.42% | 0.17% |
TSDLX T. Rowe Price Short Duration Income Fund | 0.08% | 10.34% | 6.30% | 6.07% | -5.69% | 0.77% | 0.10% |
Returns By Period
In the year-to-date period, BSBIX achieves a 0.27% return, which is significantly higher than TSDLX's 0.08% 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%
TSDLX
- 1D
- 0.11%
- 1M
- -0.84%
- YTD
- 0.08%
- 6M
- 2.61%
- 1Y
- 8.51%
- 3Y*
- 6.94%
- 5Y*
- 3.31%
- 10Y*
- —
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BSBIX vs. TSDLX - Expense Ratio Comparison
BSBIX has a 0.30% expense ratio, which is lower than TSDLX's 0.40% expense ratio.
Return for Risk
BSBIX vs. TSDLX — Risk / Return Rank
BSBIX
TSDLX
BSBIX vs. TSDLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Short-Term Bond Fund Institutional Class (BSBIX) and T. Rowe Price Short Duration Income Fund (TSDLX). 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 | TSDLX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.02 | 3.76 | -0.74 |
Sortino ratioReturn per unit of downside risk | 4.76 | 8.03 | -3.26 |
Omega ratioGain probability vs. loss probability | 1.81 | 2.14 | -0.33 |
Calmar ratioReturn relative to maximum drawdown | 4.54 | 7.19 | -2.65 |
Martin ratioReturn relative to average drawdown | 20.13 | 29.03 | -8.90 |
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 | TSDLX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 3.76 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 1.45 | -0.17 |
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 | 1.46 | +0.18 |
Correlation
The correlation between BSBIX and TSDLX is 0.73, 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. TSDLX - Dividend Comparison
BSBIX's dividend yield for the trailing twelve months is around 4.30%, less than TSDLX's 8.42% 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% |
TSDLX T. Rowe Price Short Duration Income Fund | 8.42% | 8.51% | 5.44% | 4.21% | 1.82% | 1.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSBIX vs. TSDLX - Drawdown Comparison
The maximum BSBIX drawdown since its inception was -5.95%, smaller than the maximum TSDLX drawdown of -7.86%. Use the drawdown chart below to compare losses from any high point for BSBIX and TSDLX.
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Drawdown Indicators
| BSBIX | TSDLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.95% | -7.86% | +1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -1.26% | +0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -5.95% | -7.86% | +1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -5.95% | — | — |
Current DrawdownCurrent decline from peak | -0.59% | -1.05% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -1.83% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 0.31% | -0.10% |
Volatility
BSBIX vs. TSDLX - Volatility Comparison
Baird Short-Term Bond Fund Institutional Class (BSBIX) and T. Rowe Price Short Duration Income Fund (TSDLX) have volatilities of 0.53% and 0.52%, 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.
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Volatility by Period
| BSBIX | TSDLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 0.52% | +0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 1.52% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.42% | 2.40% | -0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 2.30% | -0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.67% | 2.24% | -0.57% |