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BSNSX vs. BMQSX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between BSNSX and BMQSX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

BSNSX vs. BMQSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baird Strategic Municipal Bond Fund (BSNSX) and Baird Municipal Bond Fund (BMQSX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

BSNSX:

1.08

BMQSX:

0.50

Sortino Ratio

BSNSX:

1.25

BMQSX:

0.53

Omega Ratio

BSNSX:

1.23

BMQSX:

1.09

Calmar Ratio

BSNSX:

1.04

BMQSX:

0.39

Martin Ratio

BSNSX:

3.88

BMQSX:

1.30

Ulcer Index

BSNSX:

0.78%

BMQSX:

1.34%

Daily Std Dev

BSNSX:

3.22%

BMQSX:

4.58%

Max Drawdown

BSNSX:

-9.78%

BMQSX:

-12.75%

Current Drawdown

BSNSX:

-1.01%

BMQSX:

-2.39%

Returns By Period

In the year-to-date period, BSNSX achieves a 0.31% return, which is significantly higher than BMQSX's -0.79% return.


BSNSX

YTD

0.31%

1M

0.59%

6M

0.18%

1Y

3.54%

3Y*

3.56%

5Y*

2.17%

10Y*

N/A

BMQSX

YTD

-0.79%

1M

0.21%

6M

-1.11%

1Y

2.37%

3Y*

3.08%

5Y*

1.89%

10Y*

N/A

*Annualized

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Baird Municipal Bond Fund

BSNSX vs. BMQSX - Expense Ratio Comparison

Both BSNSX and BMQSX have an expense ratio of 0.55%.


Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

BSNSX vs. BMQSX — Risk-Adjusted Performance Rank

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

BSNSX
The Risk-Adjusted Performance Rank of BSNSX is 8282
Overall Rank
The Sharpe Ratio Rank of BSNSX is 8181
Sharpe Ratio Rank
The Sortino Ratio Rank of BSNSX is 7777
Sortino Ratio Rank
The Omega Ratio Rank of BSNSX is 8585
Omega Ratio Rank
The Calmar Ratio Rank of BSNSX is 8484
Calmar Ratio Rank
The Martin Ratio Rank of BSNSX is 8282
Martin Ratio Rank

BMQSX
The Risk-Adjusted Performance Rank of BMQSX is 3939
Overall Rank
The Sharpe Ratio Rank of BMQSX is 4242
Sharpe Ratio Rank
The Sortino Ratio Rank of BMQSX is 3232
Sortino Ratio Rank
The Omega Ratio Rank of BMQSX is 3838
Omega Ratio Rank
The Calmar Ratio Rank of BMQSX is 4646
Calmar Ratio Rank
The Martin Ratio Rank of BMQSX is 3939
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

BSNSX vs. BMQSX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Baird Strategic Municipal Bond Fund (BSNSX) and Baird Municipal Bond Fund (BMQSX). 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.


The current BSNSX Sharpe Ratio is 1.08, which is higher than the BMQSX Sharpe Ratio of 0.50. The chart below compares the historical Sharpe Ratios of BSNSX and BMQSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

BSNSX vs. BMQSX - Dividend Comparison

BSNSX's dividend yield for the trailing twelve months is around 3.31%, less than BMQSX's 3.54% yield.


TTM202420232022202120202019
BSNSX
Baird Strategic Municipal Bond Fund
3.31%3.27%2.98%1.82%1.36%1.99%0.15%
BMQSX
Baird Municipal Bond Fund
3.54%3.46%3.20%2.31%2.33%3.74%0.16%

Drawdowns

BSNSX vs. BMQSX - Drawdown Comparison

The maximum BSNSX drawdown since its inception was -9.78%, smaller than the maximum BMQSX drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for BSNSX and BMQSX.


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Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

BSNSX vs. BMQSX - Volatility Comparison

The current volatility for Baird Strategic Municipal Bond Fund (BSNSX) is 0.51%, while Baird Municipal Bond Fund (BMQSX) has a volatility of 0.69%. This indicates that BSNSX experiences smaller price fluctuations and is considered to be less risky than BMQSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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