BSNSX vs. JMUB
Compare and contrast key facts about Baird Strategic Municipal Bond Fund (BSNSX) and JPMorgan Municipal ETF (JMUB).
BSNSX is managed by Baird. It was launched on Nov 14, 2019. JMUB is an actively managed fund by JPMorgan Chase. It was launched on Oct 29, 2018.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSNSX or JMUB.
Key characteristics
| BSNSX | JMUB | |
|---|---|---|
| YTD Return | 2.76% | 2.06% |
| 1Y Return | 7.31% | 7.77% |
| 3Y Return (Ann) | 1.03% | 0.17% |
| Sharpe Ratio | 3.37 | 2.32 |
| Sortino Ratio | 5.41 | 3.43 |
| Omega Ratio | 1.96 | 1.49 |
| Calmar Ratio | 1.79 | 0.99 |
| Martin Ratio | 16.20 | 12.21 |
| Ulcer Index | 0.46% | 0.61% |
| Daily Std Dev | 2.20% | 3.21% |
| Max Drawdown | -10.21% | -12.50% |
| Current Drawdown | -0.87% | -1.12% |
Correlation
The correlation between BSNSX and JMUB is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
BSNSX vs. JMUB - Performance Comparison
In the year-to-date period, BSNSX achieves a 2.76% return, which is significantly higher than JMUB'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. JMUB - Expense Ratio Comparison
BSNSX has a 0.55% expense ratio, which is higher than JMUB's 0.18% expense ratio.
Risk-Adjusted Performance
BSNSX vs. JMUB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Strategic Municipal Bond Fund (BSNSX) and JPMorgan Municipal ETF (JMUB). 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. JMUB - Dividend Comparison
BSNSX's dividend yield for the trailing twelve months is around 3.28%, less than JMUB's 3.45% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
BSNSX Baird Strategic Municipal Bond Fund | 3.28% | 2.98% | 1.80% | 0.84% | 1.36% | 0.15% | 0.00% |
JMUB JPMorgan Municipal ETF | 3.45% | 3.20% | 2.16% | 1.94% | 2.13% | 3.66% | 0.45% |
Drawdowns
BSNSX vs. JMUB - Drawdown Comparison
The maximum BSNSX drawdown since its inception was -10.21%, smaller than the maximum JMUB drawdown of -12.50%. Use the drawdown chart below to compare losses from any high point for BSNSX and JMUB. For additional features, visit the drawdowns tool.
Volatility
BSNSX vs. JMUB - Volatility Comparison
The current volatility for Baird Strategic Municipal Bond Fund (BSNSX) is 1.07%, while JPMorgan Municipal ETF (JMUB) has a volatility of 1.52%. This indicates that BSNSX experiences smaller price fluctuations and is considered to be less risky than JMUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.