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

Correlation

The correlation between BSNSX and MUNI is 0.66, 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.


-0.50.00.51.00.7

Performance

BSNSX vs. MUNI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baird Strategic Municipal Bond Fund (BSNSX) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%3.00%JulyAugustSeptemberOctoberNovemberDecember
1.67%
0.91%
BSNSX
MUNI

Key characteristics

Sharpe Ratio

BSNSX:

1.36

MUNI:

0.64

Sortino Ratio

BSNSX:

1.88

MUNI:

0.90

Omega Ratio

BSNSX:

1.31

MUNI:

1.12

Calmar Ratio

BSNSX:

1.85

MUNI:

0.84

Martin Ratio

BSNSX:

5.60

MUNI:

2.66

Ulcer Index

BSNSX:

0.51%

MUNI:

0.77%

Daily Std Dev

BSNSX:

2.11%

MUNI:

3.21%

Max Drawdown

BSNSX:

-10.21%

MUNI:

-11.15%

Current Drawdown

BSNSX:

-1.25%

MUNI:

-1.73%

Returns By Period

In the year-to-date period, BSNSX achieves a 2.66% return, which is significantly higher than MUNI's 1.24% return.


BSNSX

YTD

2.66%

1M

-0.39%

6M

1.67%

1Y

2.86%

5Y*

2.44%

10Y*

N/A

MUNI

YTD

1.24%

1M

-0.44%

6M

0.91%

1Y

2.06%

5Y*

1.27%

10Y*

2.19%

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. MUNI - Expense Ratio Comparison

BSNSX has a 0.55% expense ratio, which is higher than MUNI's 0.35% 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 MUNI: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

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.


Sharpe ratio
The chart of Sharpe ratio for BSNSX, currently valued at 1.36, compared to the broader market-1.000.001.002.003.004.001.360.64
The chart of Sortino ratio for BSNSX, currently valued at 1.88, compared to the broader market-2.000.002.004.006.008.0010.001.880.90
The chart of Omega ratio for BSNSX, currently valued at 1.31, compared to the broader market0.501.001.502.002.503.003.501.311.12
The chart of Calmar ratio for BSNSX, currently valued at 1.85, compared to the broader market0.002.004.006.008.0010.0012.0014.001.850.84
The chart of Martin ratio for BSNSX, currently valued at 5.60, compared to the broader market0.0020.0040.0060.005.602.66
BSNSX
MUNI

The current BSNSX Sharpe Ratio is 1.36, which is higher than the MUNI Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of BSNSX and MUNI, 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 Ratio1.002.003.004.005.00JulyAugustSeptemberOctoberNovemberDecember
1.36
0.64
BSNSX
MUNI

Dividends

BSNSX vs. MUNI - Dividend Comparison

BSNSX's dividend yield for the trailing twelve months is around 3.31%, less than MUNI's 4.07% 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%
MUNI
PIMCO Intermediate Municipal Bond Active ETF
4.07%3.63%2.13%1.62%1.92%2.44%2.57%2.37%2.37%2.20%1.91%2.30%

Drawdowns

BSNSX vs. MUNI - Drawdown Comparison

The maximum BSNSX drawdown since its inception was -10.21%, 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. For additional features, visit the drawdowns tool.


-2.00%-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-1.25%
-1.73%
BSNSX
MUNI

Volatility

BSNSX vs. MUNI - Volatility Comparison

The current volatility for Baird Strategic Municipal Bond Fund (BSNSX) is 0.84%, while PIMCO Intermediate Municipal Bond Active ETF (MUNI) has a volatility of 1.04%. 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.


0.50%1.00%1.50%JulyAugustSeptemberOctoberNovemberDecember
0.84%
1.04%
BSNSX
MUNI
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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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