Correlation
The correlation between BSNSX and MUNI 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. MUNI
Compare and contrast key facts about Baird Strategic Municipal Bond Fund (BSNSX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
BSNSX is managed by Baird. It was launched on Nov 14, 2019. MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BSNSX or MUNI.
Performance
BSNSX vs. MUNI - Performance Comparison
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Key characteristics
BSNSX:
1.15
MUNI:
0.50
BSNSX:
1.42
MUNI:
0.64
BSNSX:
1.27
MUNI:
1.10
BSNSX:
1.18
MUNI:
0.56
BSNSX:
4.35
MUNI:
1.59
BSNSX:
0.79%
MUNI:
1.28%
BSNSX:
3.21%
MUNI:
4.42%
BSNSX:
-9.78%
MUNI:
-11.15%
BSNSX:
-1.11%
MUNI:
-2.18%
Returns By Period
In the year-to-date period, BSNSX achieves a 0.21% return, which is significantly higher than MUNI's -0.40% return.
BSNSX
0.21%
-0.10%
-0.50%
3.55%
3.05%
2.08%
N/A
MUNI
-0.40%
-0.29%
-1.52%
2.14%
2.52%
0.99%
2.16%
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BSNSX vs. MUNI - Expense Ratio Comparison
BSNSX has a 0.55% expense ratio, which is higher than MUNI's 0.35% expense ratio.
Risk-Adjusted Performance
BSNSX vs. MUNI — Risk-Adjusted Performance Rank
BSNSX
MUNI
BSNSX vs. MUNI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Strategic Municipal Bond Fund (BSNSX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). 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. MUNI - Dividend Comparison
BSNSX's dividend yield for the trailing twelve months is around 3.03%, less than MUNI's 3.45% 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% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 3.45% | 3.50% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% |
Drawdowns
BSNSX vs. MUNI - Drawdown Comparison
The maximum BSNSX drawdown since its inception was -9.78%, smaller than the maximum MUNI drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for BSNSX and MUNI.
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Volatility
BSNSX vs. MUNI - Volatility Comparison
The current volatility for Baird Strategic Municipal Bond Fund (BSNSX) is 0.47%, while PIMCO Intermediate Municipal Bond Active ETF (MUNI) has a volatility of 0.82%. This indicates that BSNSX experiences smaller price fluctuations and is considered to be less risky than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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