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.
Key characteristics
| BSNSX | FTABX | |
|---|---|---|
| YTD Return | 2.76% | 2.06% |
| 1Y Return | 6.78% | 7.56% |
| 3Y Return (Ann) | 1.03% | -0.46% |
| Sharpe Ratio | 3.32 | 1.96 |
| Sortino Ratio | 5.32 | 2.91 |
| Omega Ratio | 1.93 | 1.46 |
| Calmar Ratio | 1.99 | 0.82 |
| Martin Ratio | 15.65 | 7.96 |
| Ulcer Index | 0.47% | 0.89% |
| Daily Std Dev | 2.21% | 3.63% |
| Max Drawdown | -10.21% | -15.78% |
| Current Drawdown | -0.87% | -2.33% |
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.
Performance
BSNSX vs. FTABX - Performance Comparison
In the year-to-date period, BSNSX achieves a 2.76% return, which is significantly higher than FTABX's 2.06% 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. 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 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.
Dividends
BSNSX vs. FTABX - Dividend Comparison
BSNSX's dividend yield for the trailing twelve months is around 3.28%, more than FTABX's 3.00% 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% |
FTABX Fidelity Tax-Free Bond Fund | 3.00% | 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.
Volatility
BSNSX vs. FTABX - Volatility Comparison
The current volatility for Baird Strategic Municipal Bond Fund (BSNSX) is 1.07%, while Fidelity Tax-Free Bond Fund (FTABX) has a volatility of 1.84%. 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.