BSNIX vs. BSNSX
Compare and contrast key facts about Baird Strategic Municipal Bond Fund Institutional Class (BSNIX) and Baird Strategic Municipal Bond Fund (BSNSX).
BSNIX is managed by Baird. BSNSX is managed by Baird. It was launched on Nov 14, 2019.
Performance
BSNIX vs. BSNSX - Performance Comparison
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BSNIX vs. BSNSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSNIX Baird Strategic Municipal Bond Fund Institutional Class | -0.02% | 4.90% | 3.17% | 6.78% | -5.31% | 2.26% | 8.39% | 0.88% |
BSNSX Baird Strategic Municipal Bond Fund | 0.24% | 4.83% | 2.92% | 6.53% | -5.54% | 2.00% | 8.13% | 0.85% |
Returns By Period
In the year-to-date period, BSNIX achieves a -0.02% return, which is significantly lower than BSNSX's 0.24% return.
BSNIX
- 1D
- 0.19%
- 1M
- -1.52%
- YTD
- -0.02%
- 6M
- 1.39%
- 1Y
- 4.32%
- 3Y*
- 4.05%
- 5Y*
- 2.14%
- 10Y*
- —
BSNSX
- 1D
- 0.19%
- 1M
- -1.32%
- YTD
- 0.24%
- 6M
- 1.50%
- 1Y
- 4.30%
- 3Y*
- 3.97%
- 5Y*
- 1.99%
- 10Y*
- —
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BSNIX vs. BSNSX - Expense Ratio Comparison
BSNIX has a 0.30% expense ratio, which is lower than BSNSX's 0.55% expense ratio.
Return for Risk
BSNIX vs. BSNSX — Risk / Return Rank
BSNIX
BSNSX
BSNIX vs. BSNSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Strategic Municipal Bond Fund Institutional Class (BSNIX) and Baird Strategic Municipal Bond Fund (BSNSX). 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.
| BSNIX | BSNSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 1.65 | -0.07 |
Sortino ratioReturn per unit of downside risk | 2.08 | 2.15 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.48 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 1.65 | +0.01 |
Martin ratioReturn relative to average drawdown | 7.23 | 6.94 | +0.29 |
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
| BSNIX | BSNSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.65 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.81 | 0.76 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.90 | +0.05 |
Correlation
The correlation between BSNIX and BSNSX is 0.81, 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
BSNIX vs. BSNSX - Dividend Comparison
BSNIX's dividend yield for the trailing twelve months is around 3.25%, less than BSNSX's 3.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSNIX Baird Strategic Municipal Bond Fund Institutional Class | 3.25% | 3.29% | 3.51% | 3.22% | 2.09% | 1.58% | 2.23% | 0.18% |
BSNSX Baird Strategic Municipal Bond Fund | 3.33% | 3.32% | 3.28% | 2.99% | 1.84% | 1.33% | 1.99% | 0.15% |
Drawdowns
BSNIX vs. BSNSX - Drawdown Comparison
The maximum BSNIX drawdown since its inception was -9.58%, roughly equal to the maximum BSNSX drawdown of -9.77%. Use the drawdown chart below to compare losses from any high point for BSNIX and BSNSX.
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Drawdown Indicators
| BSNIX | BSNSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.58% | -9.77% | +0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.91% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -9.58% | -9.77% | +0.19% |
Current DrawdownCurrent decline from peak | -1.71% | -1.51% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -1.60% | +0.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.67% | 0.69% | -0.02% |
Volatility
BSNIX vs. BSNSX - Volatility Comparison
Baird Strategic Municipal Bond Fund Institutional Class (BSNIX) has a higher volatility of 0.83% compared to Baird Strategic Municipal Bond Fund (BSNSX) at 0.76%. This indicates that BSNIX's price experiences larger fluctuations and is considered to be riskier than BSNSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSNIX | BSNSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.83% | 0.76% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.14% | 1.05% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 2.82% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.66% | 2.65% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.40% | 3.39% | +0.01% |