BSNSX vs. FITFX
Compare and contrast key facts about Baird Strategic Municipal Bond Fund (BSNSX) and Fidelity Flex International Index Fund (FITFX).
BSNSX is managed by Baird. It was launched on Nov 14, 2019. FITFX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSNSX or FITFX.
Key characteristics
| BSNSX | FITFX | |
|---|---|---|
| YTD Return | 2.76% | 9.28% |
| 1Y Return | 7.31% | 20.17% |
| 3Y Return (Ann) | 1.03% | 1.41% |
| Sharpe Ratio | 3.37 | 1.52 |
| Sortino Ratio | 5.41 | 2.18 |
| Omega Ratio | 1.96 | 1.28 |
| Calmar Ratio | 1.79 | 1.39 |
| Martin Ratio | 16.20 | 8.83 |
| Ulcer Index | 0.46% | 2.27% |
| Daily Std Dev | 2.20% | 13.24% |
| Max Drawdown | -10.21% | -34.27% |
| Current Drawdown | -0.87% | -5.03% |
Correlation
The correlation between BSNSX and FITFX is 0.13, 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. FITFX - Performance Comparison
In the year-to-date period, BSNSX achieves a 2.76% return, which is significantly lower than FITFX's 9.28% 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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BSNSX vs. FITFX - Expense Ratio Comparison
BSNSX has a 0.55% expense ratio, which is higher than FITFX's 0.00% expense ratio.
Risk-Adjusted Performance
BSNSX vs. FITFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Strategic Municipal Bond Fund (BSNSX) and Fidelity Flex International Index Fund (FITFX). 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
BSNSX vs. FITFX - Dividend Comparison
BSNSX's dividend yield for the trailing twelve months is around 3.28%, more than FITFX's 2.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BSNSX Baird Strategic Municipal Bond Fund | 3.28% | 2.98% | 1.80% | 0.84% | 1.36% | 0.15% | 0.00% | 0.00% |
FITFX Fidelity Flex International Index Fund | 2.45% | 2.67% | 2.60% | 2.25% | 1.50% | 3.35% | 1.92% | 1.26% |
Drawdowns
BSNSX vs. FITFX - Drawdown Comparison
The maximum BSNSX drawdown since its inception was -10.21%, smaller than the maximum FITFX drawdown of -34.27%. Use the drawdown chart below to compare losses from any high point for BSNSX and FITFX. For additional features, visit the drawdowns tool.
Volatility
BSNSX vs. FITFX - Volatility Comparison
The current volatility for Baird Strategic Municipal Bond Fund (BSNSX) is 1.07%, while Fidelity Flex International Index Fund (FITFX) has a volatility of 3.93%. This indicates that BSNSX experiences smaller price fluctuations and is considered to be less risky than FITFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.