BUBIX vs. BMQSX
Compare and contrast key facts about Baird Ultra Short Bond Fund Institutional Class (BUBIX) and Baird Municipal Bond Fund (BMQSX).
BUBIX is an actively managed fund by Baird. It was launched on Dec 31, 2013. BMQSX is managed by Baird. It was launched on Nov 14, 2019.
Performance
BUBIX vs. BMQSX - Performance Comparison
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BUBIX vs. BMQSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BUBIX Baird Ultra Short Bond Fund Institutional Class | 0.51% | 4.44% | 5.65% | 5.71% | 0.96% | 0.20% | 1.66% | 0.27% |
BMQSX Baird Municipal Bond Fund | -0.34% | 4.44% | 2.68% | 6.67% | -7.78% | 3.12% | 9.58% | 1.16% |
Returns By Period
In the year-to-date period, BUBIX achieves a 0.51% return, which is significantly higher than BMQSX's -0.34% return.
BUBIX
- 1D
- 0.10%
- 1M
- -0.10%
- YTD
- 0.51%
- 6M
- 1.58%
- 1Y
- 4.09%
- 3Y*
- 5.04%
- 5Y*
- 3.46%
- 10Y*
- 2.65%
BMQSX
- 1D
- 0.30%
- 1M
- -1.97%
- YTD
- -0.34%
- 6M
- 1.26%
- 1Y
- 3.96%
- 3Y*
- 3.58%
- 5Y*
- 1.56%
- 10Y*
- —
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BUBIX vs. BMQSX - Expense Ratio Comparison
BUBIX has a 0.15% expense ratio, which is lower than BMQSX's 0.55% expense ratio.
Return for Risk
BUBIX vs. BMQSX — Risk / Return Rank
BUBIX
BMQSX
BUBIX vs. BMQSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Ultra Short Bond Fund Institutional Class (BUBIX) and Baird Municipal Bond Fund (BMQSX). 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.
| BUBIX | BMQSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 5.72 | 1.12 | +4.60 |
Sortino ratioReturn per unit of downside risk | 11.49 | 1.45 | +10.03 |
Omega ratioGain probability vs. loss probability | 6.46 | 1.31 | +5.15 |
Calmar ratioReturn relative to maximum drawdown | 13.82 | 1.14 | +12.68 |
Martin ratioReturn relative to average drawdown | 121.86 | 3.98 | +117.88 |
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
| BUBIX | BMQSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 5.72 | 1.12 | +4.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 4.37 | 0.44 | +3.92 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 3.74 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.39 | 0.65 | +2.74 |
Correlation
The correlation between BUBIX and BMQSX is 0.19, 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
BUBIX vs. BMQSX - Dividend Comparison
BUBIX's dividend yield for the trailing twelve months is around 4.02%, more than BMQSX's 3.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUBIX Baird Ultra Short Bond Fund Institutional Class | 4.02% | 4.16% | 5.31% | 4.65% | 1.56% | 0.50% | 1.44% | 2.57% | 2.13% | 1.29% | 1.04% | 0.80% |
BMQSX Baird Municipal Bond Fund | 3.16% | 3.18% | 3.47% | 3.22% | 2.31% | 2.33% | 3.74% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BUBIX vs. BMQSX - Drawdown Comparison
The maximum BUBIX drawdown since its inception was -1.88%, smaller than the maximum BMQSX drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for BUBIX and BMQSX.
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Drawdown Indicators
| BUBIX | BMQSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.88% | -12.76% | +10.88% |
Max Drawdown (1Y)Largest decline over 1 year | -0.30% | -4.02% | +3.72% |
Max Drawdown (5Y)Largest decline over 5 years | -0.68% | -12.76% | +12.08% |
Max Drawdown (10Y)Largest decline over 10 years | -1.88% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -2.26% | +2.06% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -2.63% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.03% | 1.15% | -1.12% |
Volatility
BUBIX vs. BMQSX - Volatility Comparison
The current volatility for Baird Ultra Short Bond Fund Institutional Class (BUBIX) is 0.36%, while Baird Municipal Bond Fund (BMQSX) has a volatility of 1.13%. This indicates that BUBIX experiences smaller price fluctuations and is considered to be less risky than BMQSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUBIX | BMQSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 1.13% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 0.55% | 1.50% | -0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.72% | 3.95% | -3.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.80% | 3.55% | -2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.71% | 4.50% | -3.79% |