BSNSX vs. FJTDX
Compare and contrast key facts about Baird Strategic Municipal Bond Fund (BSNSX) and Fidelity Flex Conservative Income Bond Fund (FJTDX).
BSNSX is managed by Baird. It was launched on Nov 14, 2019. FJTDX is managed by Fidelity. It was launched on May 31, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSNSX or FJTDX.
Key characteristics
| BSNSX | FJTDX | |
|---|---|---|
| YTD Return | 2.26% | 5.27% |
| 1Y Return | 6.90% | 6.06% |
| 3Y Return (Ann) | 0.90% | 4.01% |
| Sharpe Ratio | 3.29 | 3.80 |
| Sortino Ratio | 5.19 | 21.98 |
| Omega Ratio | 1.92 | 8.89 |
| Calmar Ratio | 1.67 | 60.48 |
| Martin Ratio | 15.64 | 137.17 |
| Ulcer Index | 0.46% | 0.04% |
| Daily Std Dev | 2.16% | 1.58% |
| Max Drawdown | -10.21% | -1.90% |
| Current Drawdown | -1.35% | 0.00% |
Correlation
The correlation between BSNSX and FJTDX is 0.18, 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. FJTDX - Performance Comparison
In the year-to-date period, BSNSX achieves a 2.26% return, which is significantly lower than FJTDX's 5.27% 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. FJTDX - Expense Ratio Comparison
BSNSX has a 0.55% expense ratio, which is higher than FJTDX's 0.00% expense ratio.
Risk-Adjusted Performance
BSNSX vs. FJTDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Strategic Municipal Bond Fund (BSNSX) and Fidelity Flex Conservative Income Bond Fund (FJTDX). 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. FJTDX - Dividend Comparison
BSNSX's dividend yield for the trailing twelve months is around 3.30%, less than FJTDX's 5.47% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BSNSX Baird Strategic Municipal Bond Fund | 3.30% | 2.98% | 1.80% | 0.84% | 1.36% | 0.15% | 0.00% |
FJTDX Fidelity Flex Conservative Income Bond Fund | 5.47% | 5.16% | 1.85% | 0.44% | 1.24% | 2.64% | 1.16% |
Drawdowns
BSNSX vs. FJTDX - Drawdown Comparison
The maximum BSNSX drawdown since its inception was -10.21%, which is greater than FJTDX's maximum drawdown of -1.90%. Use the drawdown chart below to compare losses from any high point for BSNSX and FJTDX. For additional features, visit the drawdowns tool.
Volatility
BSNSX vs. FJTDX - Volatility Comparison
Baird Strategic Municipal Bond Fund (BSNSX) has a higher volatility of 0.93% compared to Fidelity Flex Conservative Income Bond Fund (FJTDX) at 0.44%. This indicates that BSNSX's price experiences larger fluctuations and is considered to be riskier than FJTDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.