BSNSX vs. VWIUX
Compare and contrast key facts about Baird Strategic Municipal Bond Fund (BSNSX) and Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX).
BSNSX is managed by Baird. It was launched on Nov 14, 2019. VWIUX is managed by Vanguard. It was launched on Feb 12, 2001.
Performance
BSNSX vs. VWIUX - Performance Comparison
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BSNSX vs. VWIUX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSNSX Baird Strategic Municipal Bond Fund | 0.24% | 4.83% | 2.92% | 6.53% | -5.54% | 2.00% | 8.13% | 0.85% |
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | -0.47% | 5.99% | 2.34% | 5.90% | -6.83% | 0.81% | 5.23% | 1.06% |
Returns By Period
In the year-to-date period, BSNSX achieves a 0.24% return, which is significantly higher than VWIUX's -0.47% return.
BSNSX
- 1D
- 0.19%
- 1M
- -1.32%
- YTD
- 0.24%
- 6M
- 1.50%
- 1Y
- 4.30%
- 3Y*
- 3.97%
- 5Y*
- 1.99%
- 10Y*
- —
VWIUX
- 1D
- 0.22%
- 1M
- -2.36%
- YTD
- -0.47%
- 6M
- 1.10%
- 1Y
- 4.55%
- 3Y*
- 3.74%
- 5Y*
- 1.58%
- 10Y*
- 2.38%
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BSNSX vs. VWIUX - Expense Ratio Comparison
BSNSX has a 0.55% expense ratio, which is higher than VWIUX's 0.09% expense ratio.
Return for Risk
BSNSX vs. VWIUX — Risk / Return Rank
BSNSX
VWIUX
BSNSX vs. VWIUX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Strategic Municipal Bond Fund (BSNSX) and Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX). 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.
| BSNSX | VWIUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 1.27 | +0.38 |
Sortino ratioReturn per unit of downside risk | 2.15 | 1.69 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.36 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.46 | +0.20 |
Martin ratioReturn relative to average drawdown | 6.94 | 5.60 | +1.34 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSNSX | VWIUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 1.27 | +0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 0.49 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.70 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 1.11 | -0.21 |
Correlation
The correlation between BSNSX and VWIUX is 0.81, 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.
Dividends
BSNSX vs. VWIUX - Dividend Comparison
BSNSX's dividend yield for the trailing twelve months is around 3.33%, which matches VWIUX's 3.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSNSX Baird Strategic Municipal Bond Fund | 3.33% | 3.32% | 3.28% | 2.99% | 1.84% | 1.33% | 1.99% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% |
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 3.32% | 4.06% | 3.63% | 2.78% | 2.51% | 1.89% | 2.40% | 2.88% | 2.89% | 2.82% | 2.91% | 2.96% |
Drawdowns
BSNSX vs. VWIUX - Drawdown Comparison
The maximum BSNSX drawdown since its inception was -9.77%, smaller than the maximum VWIUX drawdown of -11.38%. Use the drawdown chart below to compare losses from any high point for BSNSX and VWIUX.
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Drawdown Indicators
| BSNSX | VWIUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.77% | -11.38% | +1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -3.89% | +0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -9.77% | -11.38% | +1.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -11.38% | — |
Current DrawdownCurrent decline from peak | -1.51% | -2.64% | +1.13% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -1.44% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | 1.01% | -0.32% |
Volatility
BSNSX vs. VWIUX - Volatility Comparison
The current volatility for Baird Strategic Municipal Bond Fund (BSNSX) is 0.76%, while Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) has a volatility of 1.01%. This indicates that BSNSX experiences smaller price fluctuations and is considered to be less risky than VWIUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSNSX | VWIUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 1.01% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 1.05% | 1.58% | -0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.82% | 3.93% | -1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.65% | 3.23% | -0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.39% | 3.42% | -0.03% |