Correlation
The correlation between BSNSX and FTABX 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.
BSNSX vs. FTABX
Compare and contrast key facts about Baird Strategic Municipal Bond Fund (BSNSX) and Fidelity Tax-Free Bond Fund (FTABX).
BSNSX is managed by Baird. It was launched on Nov 14, 2019. FTABX is managed by Fidelity. It was launched on Apr 10, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSNSX or FTABX.
Performance
BSNSX vs. FTABX - Performance Comparison
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Key characteristics
BSNSX:
1.05
FTABX:
0.38
BSNSX:
1.33
FTABX:
0.55
BSNSX:
1.25
FTABX:
1.10
BSNSX:
1.11
FTABX:
0.37
BSNSX:
4.11
FTABX:
1.22
BSNSX:
0.79%
FTABX:
1.77%
BSNSX:
3.22%
FTABX:
5.40%
BSNSX:
-9.78%
FTABX:
-15.53%
BSNSX:
-1.21%
FTABX:
-3.50%
Returns By Period
In the year-to-date period, BSNSX achieves a 0.11% return, which is significantly higher than FTABX's -1.45% return.
BSNSX
0.11%
0.10%
-0.41%
3.55%
3.05%
2.06%
N/A
FTABX
-1.45%
0.18%
-2.28%
2.07%
2.07%
1.14%
2.37%
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BSNSX vs. FTABX - Expense Ratio Comparison
BSNSX has a 0.55% expense ratio, which is higher than FTABX's 0.25% expense ratio.
Risk-Adjusted Performance
BSNSX vs. FTABX — Risk-Adjusted Performance Rank
BSNSX
FTABX
BSNSX vs. FTABX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Strategic Municipal Bond Fund (BSNSX) and Fidelity Tax-Free Bond Fund (FTABX). 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.
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Dividends
BSNSX vs. FTABX - Dividend Comparison
BSNSX's dividend yield for the trailing twelve months is around 3.03%, less than FTABX's 3.15% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSNSX Baird Strategic Municipal Bond Fund | 3.03% | 3.27% | 2.98% | 1.82% | 1.36% | 1.99% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FTABX Fidelity Tax-Free Bond Fund | 3.15% | 3.03% | 2.90% | 2.87% | 2.67% | 2.86% | 2.94% | 3.22% | 3.49% | 3.92% | 3.58% | 3.62% |
Drawdowns
BSNSX vs. FTABX - Drawdown Comparison
The maximum BSNSX drawdown since its inception was -9.78%, smaller than the maximum FTABX drawdown of -15.53%. Use the drawdown chart below to compare losses from any high point for BSNSX and FTABX.
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Volatility
BSNSX vs. FTABX - Volatility Comparison
The current volatility for Baird Strategic Municipal Bond Fund (BSNSX) is 0.51%, while Fidelity Tax-Free Bond Fund (FTABX) has a volatility of 0.95%. This indicates that BSNSX experiences smaller price fluctuations and is considered to be less risky than FTABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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