DFISX vs. BMNSX
DFISX (DFA International Small Company Portfolio) and BMNSX (Baird Core Intermediate Municipal Bond Fund) are both mutual funds - DFISX is a Foreign Small & Mid Cap Equities fund managed by Dimensional, while BMNSX is a Municipal Bonds fund managed by Baird. Over the past 10 years, DFISX returned 8.37%/yr vs 2.22%/yr for BMNSX. At a 0.03 correlation, their price movements are largely independent. DFISX charges 0.39%/yr vs 0.55%/yr for BMNSX.
Performance
DFISX vs. BMNSX - Performance Comparison
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Returns By Period
In the year-to-date period, DFISX achieves a 8.12% return, which is significantly higher than BMNSX's 1.45% return. Over the past 10 years, DFISX has outperformed BMNSX with an annualized return of 8.37%, while BMNSX has yielded a comparatively lower 2.22% annualized return.
DFISX
- 1D
- 0.00%
- 1M
- -0.11%
- YTD
- 8.12%
- 6M
- 8.42%
- 1Y
- 24.90%
- 3Y*
- 17.25%
- 5Y*
- 7.67%
- 10Y*
- 8.37%
BMNSX
- 1D
- 0.00%
- 1M
- 1.07%
- YTD
- 1.45%
- 6M
- 1.65%
- 1Y
- 5.55%
- 3Y*
- 3.94%
- 5Y*
- 1.46%
- 10Y*
- 2.22%
DFISX vs. BMNSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DFISX DFA International Small Company Portfolio | 8.12% | 36.35% | 3.76% | 14.46% | -17.13% | 10.71% | 9.27% | 24.18% | -19.42% | 24.78% |
BMNSX Baird Core Intermediate Municipal Bond Fund | 1.45% | 4.63% | 2.26% | 5.28% | -6.40% | 1.44% | 5.02% | 6.40% | 1.05% | 5.00% |
Correlation
The correlation between DFISX and BMNSX is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Sep 2, 2015 | 0.03 |
Over the past year, DFISX and BMNSX have become more correlated (0.33) than their long-term average of 0.03, meaning their price movements have been converging.
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Return for Risk
DFISX vs. BMNSX — Risk / Return Rank
DFISX
BMNSX
DFISX vs. BMNSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DFA International Small Company Portfolio (DFISX) and Baird Core Intermediate Municipal Bond Fund (BMNSX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DFISX | BMNSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.61 | ||
| Sortino ratioReturn per unit of downside risk | -2.61 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.89 | -0.58 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.66 | -0.63 |
| Martin ratioReturn relative to average drawdown | 7.35 | 9.23 | -1.88 |
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Drawdowns
DFISX vs. BMNSX - Drawdown Comparison
The maximum DFISX drawdown since its inception was -60.66%, which is greater than BMNSX's maximum drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for DFISX and BMNSX.
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Drawdown Indicators
| DFISX | BMNSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.66% | -10.24% | -50.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.96% | -2.09% | -9.87% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -3.67% | -10.01% |
Max Drawdown (5Y)Largest decline over 5 years | -35.06% | -10.24% | -24.82% |
Max Drawdown (10Y)Largest decline over 10 years | -43.00% | -10.24% | -32.76% |
Current DrawdownCurrent decline from peak | -2.68% | -0.31% | -2.37% |
Average DrawdownAverage peak-to-trough decline | -11.63% | -1.65% | -9.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 0.60% | +2.70% |
Volatility
DFISX vs. BMNSX - Volatility Comparison
DFA International Small Company Portfolio (DFISX) has a higher volatility of 4.53% compared to Baird Core Intermediate Municipal Bond Fund (BMNSX) at 0.43%. This indicates that DFISX's price experiences larger fluctuations and is considered to be riskier than BMNSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFISX | BMNSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.53% | 0.43% | +4.10% |
Volatility (6M)Calculated over the trailing 6-month period | 11.60% | 1.34% | +10.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.11% | 1.67% | +12.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.94% | 2.69% | +13.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.19% | 3.01% | +13.18% |
DFISX vs. BMNSX - Expense Ratio Comparison
DFISX has a 0.39% expense ratio, which is lower than BMNSX's 0.55% expense ratio.
Dividends
DFISX vs. BMNSX - Dividend Comparison
DFISX's dividend yield for the trailing twelve months is around 2.91%, less than BMNSX's 3.24% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMNSX Baird Core Intermediate Municipal Bond Fund | 3.24% | 3.22% | 3.12% | 2.74% | 1.67% | 1.34% | 1.99% | 2.15% | 2.01% | 1.71% | 1.39% | 0.59% |
DFISX DFA International Small Company Portfolio | 2.91% | 3.19% | 3.39% | 3.01% | 3.51% | 3.06% | 1.71% | 4.54% | 7.74% | 1.27% | 4.44% | 4.47% |
Frequently Asked Questions
DFISX and BMNSX have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DFISX has higher volatility (4.53%) compared to BMNSX (0.43%). In terms of maximum drawdown, DFISX dropped -60.66% vs BMNSX's -10.24%.
BMNSX currently has the higher Sharpe Ratio (3.33 vs 1.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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