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

Correlation

The correlation between BSNSX and FTABX is 0.79, 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.


-0.50.00.51.00.8

Performance

BSNSX vs. FTABX - Performance Comparison

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

0.00%1.00%2.00%3.00%JulyAugustSeptemberOctoberNovemberDecember
1.67%
0.71%
BSNSX
FTABX

Key characteristics

Sharpe Ratio

BSNSX:

1.36

FTABX:

0.35

Sortino Ratio

BSNSX:

1.88

FTABX:

0.49

Omega Ratio

BSNSX:

1.31

FTABX:

1.07

Calmar Ratio

BSNSX:

1.85

FTABX:

0.21

Martin Ratio

BSNSX:

5.60

FTABX:

1.26

Ulcer Index

BSNSX:

0.51%

FTABX:

0.97%

Daily Std Dev

BSNSX:

2.11%

FTABX:

3.53%

Max Drawdown

BSNSX:

-10.21%

FTABX:

-15.78%

Current Drawdown

BSNSX:

-1.25%

FTABX:

-3.13%

Returns By Period

In the year-to-date period, BSNSX achieves a 2.66% return, which is significantly higher than FTABX's 1.23% return.


BSNSX

YTD

2.66%

1M

-0.39%

6M

1.67%

1Y

2.86%

5Y*

2.44%

10Y*

N/A

FTABX

YTD

1.23%

1M

-1.09%

6M

0.71%

1Y

1.50%

5Y*

0.97%

10Y*

2.30%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


BSNSX vs. FTABX - Expense Ratio Comparison

BSNSX has a 0.55% expense ratio, which is higher than FTABX's 0.25% expense ratio.


BSNSX
Baird Strategic Municipal Bond Fund
Expense ratio chart for BSNSX: current value at 0.55% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.55%
Expense ratio chart for FTABX: current value at 0.25% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.25%

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for BSNSX, currently valued at 1.26, compared to the broader market-1.000.001.002.003.004.001.260.35
The chart of Sortino ratio for BSNSX, currently valued at 1.75, compared to the broader market-2.000.002.004.006.008.0010.001.750.49
The chart of Omega ratio for BSNSX, currently valued at 1.29, compared to the broader market0.501.001.502.002.503.003.501.291.07
The chart of Calmar ratio for BSNSX, currently valued at 1.72, compared to the broader market0.002.004.006.008.0010.0012.0014.001.720.21
The chart of Martin ratio for BSNSX, currently valued at 5.20, compared to the broader market0.0020.0040.0060.005.201.26
BSNSX
FTABX

The current BSNSX Sharpe Ratio is 1.36, which is higher than the FTABX Sharpe Ratio of 0.35. The chart below compares the historical Sharpe Ratios of BSNSX and FTABX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.005.00JulyAugustSeptemberOctoberNovemberDecember
1.26
0.35
BSNSX
FTABX

Dividends

BSNSX vs. FTABX - Dividend Comparison

BSNSX's dividend yield for the trailing twelve months is around 3.31%, more than FTABX's 2.78% yield.


TTM20232022202120202019201820172016201520142013
BSNSX
Baird Strategic Municipal Bond Fund
3.31%2.98%1.80%0.84%1.36%0.15%0.00%0.00%0.00%0.00%0.00%0.00%
FTABX
Fidelity Tax-Free Bond Fund
2.78%2.90%2.85%2.40%2.60%2.84%3.02%3.07%3.37%3.58%3.62%3.86%

Drawdowns

BSNSX vs. FTABX - Drawdown Comparison

The maximum BSNSX drawdown since its inception was -10.21%, smaller than the maximum FTABX drawdown of -15.78%. Use the drawdown chart below to compare losses from any high point for BSNSX and FTABX. For additional features, visit the drawdowns tool.


-4.00%-3.00%-2.00%-1.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.25%
-3.13%
BSNSX
FTABX

Volatility

BSNSX vs. FTABX - Volatility Comparison

The current volatility for Baird Strategic Municipal Bond Fund (BSNSX) is 0.84%, while Fidelity Tax-Free Bond Fund (FTABX) has a volatility of 1.33%. 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.


0.50%1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
0.84%
1.33%
BSNSX
FTABX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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