BTMSX vs. SWPPX
Compare and contrast key facts about Baird Short-Term Municipal Bond Fund (BTMSX) and Schwab S&P 500 Index Fund (SWPPX).
BTMSX is managed by Baird. It was launched on Aug 30, 2015. SWPPX is a passively managed fund by Charles Schwab that tracks the performance of the S&P 500 Index. It was launched on May 19, 1997.
Performance
BTMSX vs. SWPPX - Performance Comparison
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BTMSX vs. SWPPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTMSX Baird Short-Term Municipal Bond Fund | 0.16% | 4.46% | 2.98% | 3.90% | -4.01% | 0.59% | 2.90% | 3.81% | 1.34% | 2.45% |
SWPPX Schwab S&P 500 Index Fund | -7.07% | 17.87% | 24.96% | 26.26% | -18.14% | 28.67% | 18.38% | 31.46% | -4.47% | 21.81% |
Returns By Period
In the year-to-date period, BTMSX achieves a 0.16% return, which is significantly higher than SWPPX's -7.07% return. Over the past 10 years, BTMSX has underperformed SWPPX with an annualized return of 1.78%, while SWPPX has yielded a comparatively higher 13.71% annualized return.
BTMSX
- 1D
- 0.00%
- 1M
- -1.10%
- YTD
- 0.16%
- 6M
- 0.85%
- 1Y
- 3.71%
- 3Y*
- 3.36%
- 5Y*
- 1.56%
- 10Y*
- 1.78%
SWPPX
- 1D
- -0.37%
- 1M
- -7.65%
- YTD
- -7.07%
- 6M
- -4.58%
- 1Y
- 14.43%
- 3Y*
- 17.15%
- 5Y*
- 11.39%
- 10Y*
- 13.71%
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BTMSX vs. SWPPX - Expense Ratio Comparison
BTMSX has a 0.55% expense ratio, which is higher than SWPPX's 0.02% expense ratio.
Return for Risk
BTMSX vs. SWPPX — Risk / Return Rank
BTMSX
SWPPX
BTMSX vs. SWPPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Short-Term Municipal Bond Fund (BTMSX) and Schwab S&P 500 Index Fund (SWPPX). 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.
| BTMSX | SWPPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.12 | 0.84 | +1.29 |
Sortino ratioReturn per unit of downside risk | 2.86 | 1.30 | +1.57 |
Omega ratioGain probability vs. loss probability | 1.73 | 1.20 | +0.53 |
Calmar ratioReturn relative to maximum drawdown | 2.07 | 1.06 | +1.01 |
Martin ratioReturn relative to average drawdown | 9.52 | 5.14 | +4.38 |
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
| BTMSX | SWPPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 0.84 | +1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 0.68 | +0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.97 | 0.76 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.48 | +0.52 |
Correlation
The correlation between BTMSX and SWPPX is 0.04, 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.
Dividends
BTMSX vs. SWPPX - Dividend Comparison
BTMSX's dividend yield for the trailing twelve months is around 3.05%, more than SWPPX's 1.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTMSX Baird Short-Term Municipal Bond Fund | 3.05% | 3.05% | 2.93% | 2.48% | 1.36% | 0.88% | 1.30% | 1.66% | 1.53% | 1.43% | 1.17% | 0.00% |
SWPPX Schwab S&P 500 Index Fund | 1.19% | 1.11% | 1.23% | 1.43% | 1.67% | 1.27% | 1.81% | 1.95% | 2.67% | 1.79% | 2.55% | 3.17% |
Drawdowns
BTMSX vs. SWPPX - Drawdown Comparison
The maximum BTMSX drawdown since its inception was -6.51%, smaller than the maximum SWPPX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for BTMSX and SWPPX.
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Drawdown Indicators
| BTMSX | SWPPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.51% | -55.06% | +48.55% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -12.10% | +10.21% |
Max Drawdown (5Y)Largest decline over 5 years | -6.51% | -24.51% | +18.00% |
Max Drawdown (10Y)Largest decline over 10 years | -6.51% | -33.80% | +27.29% |
Current DrawdownCurrent decline from peak | -1.10% | -8.89% | +7.79% |
Average DrawdownAverage peak-to-trough decline | -0.95% | -10.00% | +9.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 2.49% | -2.08% |
Volatility
BTMSX vs. SWPPX - Volatility Comparison
The current volatility for Baird Short-Term Municipal Bond Fund (BTMSX) is 0.47%, while Schwab S&P 500 Index Fund (SWPPX) has a volatility of 4.29%. This indicates that BTMSX experiences smaller price fluctuations and is considered to be less risky than SWPPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BTMSX | SWPPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 4.29% | -3.82% |
Volatility (6M)Calculated over the trailing 6-month period | 0.74% | 9.11% | -8.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.86% | 18.14% | -16.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.71% | 16.89% | -15.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.84% | 18.19% | -16.35% |