Correlation
The correlation between BUBSX and SPSB is 0.00, 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.
BUBSX vs. SPSB
Compare and contrast key facts about Baird Ultra Short Bond Fund (BUBSX) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB).
BUBSX is managed by Baird. It was launched on Dec 31, 2013. SPSB is a passively managed fund by State Street that tracks the performance of the Bloomberg Barclays U.S. 1-3 Year Corporate Bond Index. It was launched on Dec 16, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BUBSX or SPSB.
Performance
BUBSX vs. SPSB - Performance Comparison
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Key characteristics
BUBSX:
6.52
SPSB:
3.93
BUBSX:
13.59
SPSB:
6.32
BUBSX:
8.85
SPSB:
1.90
BUBSX:
16.04
SPSB:
8.54
BUBSX:
147.05
SPSB:
27.70
BUBSX:
0.03%
SPSB:
0.24%
BUBSX:
0.73%
SPSB:
1.65%
BUBSX:
-1.88%
SPSB:
-11.75%
BUBSX:
-0.20%
SPSB:
0.00%
Returns By Period
In the year-to-date period, BUBSX achieves a 1.47% return, which is significantly lower than SPSB's 2.31% return. Over the past 10 years, BUBSX has underperformed SPSB with an annualized return of 2.10%, while SPSB has yielded a comparatively higher 2.36% annualized return.
BUBSX
1.47%
0.00%
1.82%
4.74%
4.47%
2.69%
2.10%
SPSB
2.31%
0.13%
2.55%
6.43%
4.13%
2.24%
2.36%
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BUBSX vs. SPSB - Expense Ratio Comparison
BUBSX has a 0.40% expense ratio, which is higher than SPSB's 0.07% expense ratio.
Risk-Adjusted Performance
BUBSX vs. SPSB — Risk-Adjusted Performance Rank
BUBSX
SPSB
BUBSX vs. SPSB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Ultra Short Bond Fund (BUBSX) and SPDR Portfolio Short Term Corporate Bond ETF (SPSB). 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
BUBSX vs. SPSB - Dividend Comparison
BUBSX's dividend yield for the trailing twelve months is around 4.44%, less than SPSB's 4.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUBSX Baird Ultra Short Bond Fund | 4.44% | 5.05% | 4.38% | 1.31% | 0.25% | 1.13% | 2.33% | 1.91% | 1.05% | 0.80% | 0.56% | 0.69% |
SPSB SPDR Portfolio Short Term Corporate Bond ETF | 4.83% | 4.85% | 4.05% | 1.92% | 1.19% | 1.94% | 2.77% | 2.36% | 1.94% | 1.65% | 1.43% | 1.26% |
Drawdowns
BUBSX vs. SPSB - Drawdown Comparison
The maximum BUBSX drawdown since its inception was -1.88%, smaller than the maximum SPSB drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for BUBSX and SPSB.
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Volatility
BUBSX vs. SPSB - Volatility Comparison
The current volatility for Baird Ultra Short Bond Fund (BUBSX) is 0.35%, while SPDR Portfolio Short Term Corporate Bond ETF (SPSB) has a volatility of 0.47%. This indicates that BUBSX experiences smaller price fluctuations and is considered to be less risky than SPSB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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