BSNSX vs. FLTMX
Compare and contrast key facts about Baird Strategic Municipal Bond Fund (BSNSX) and Fidelity Intermediate Municipal Income Fund (FLTMX).
BSNSX is managed by Baird. It was launched on Nov 14, 2019. FLTMX is managed by Fidelity. It was launched on Apr 15, 1977.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSNSX or FLTMX.
Key characteristics
| BSNSX | FLTMX | |
|---|---|---|
| YTD Return | 2.76% | 1.42% |
| 1Y Return | 7.86% | 6.55% |
| 3Y Return (Ann) | 1.07% | 0.15% |
| Sharpe Ratio | 3.90 | 2.42 |
| Sortino Ratio | 6.74 | 3.93 |
| Omega Ratio | 2.13 | 1.59 |
| Calmar Ratio | 1.72 | 1.00 |
| Martin Ratio | 18.27 | 9.19 |
| Ulcer Index | 0.44% | 0.67% |
| Daily Std Dev | 2.04% | 2.53% |
| Max Drawdown | -10.21% | -12.98% |
| Current Drawdown | -0.87% | -1.33% |
Correlation
The correlation between BSNSX and FLTMX is 0.78, 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.
Performance
BSNSX vs. FLTMX - Performance Comparison
In the year-to-date period, BSNSX achieves a 2.76% return, which is significantly higher than FLTMX's 1.42% 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. FLTMX - Expense Ratio Comparison
BSNSX has a 0.55% expense ratio, which is higher than FLTMX's 0.32% expense ratio.
Risk-Adjusted Performance
BSNSX vs. FLTMX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Strategic Municipal Bond Fund (BSNSX) and Fidelity Intermediate Municipal Income Fund (FLTMX). 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. FLTMX - Dividend Comparison
BSNSX's dividend yield for the trailing twelve months is around 3.28%, more than FLTMX's 2.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSNSX Baird Strategic Municipal Bond Fund | 3.28% | 2.98% | 1.80% | 0.84% | 1.36% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FLTMX Fidelity Intermediate Municipal Income Fund | 2.61% | 2.42% | 2.06% | 1.97% | 2.18% | 2.59% | 3.31% | 2.64% | 2.98% | 2.59% | 2.81% | 3.17% |
Drawdowns
BSNSX vs. FLTMX - Drawdown Comparison
The maximum BSNSX drawdown since its inception was -10.21%, smaller than the maximum FLTMX drawdown of -12.98%. Use the drawdown chart below to compare losses from any high point for BSNSX and FLTMX. For additional features, visit the drawdowns tool.
Volatility
BSNSX vs. FLTMX - Volatility Comparison
The current volatility for Baird Strategic Municipal Bond Fund (BSNSX) is 0.61%, while Fidelity Intermediate Municipal Income Fund (FLTMX) has a volatility of 0.87%. This indicates that BSNSX experiences smaller price fluctuations and is considered to be less risky than FLTMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.