FBKWX vs. BMNSX
Compare and contrast key facts about Fidelity Advisor Total Bond Fund Class Z (FBKWX) and Baird Core Intermediate Municipal Bond Fund (BMNSX).
FBKWX is managed by Fidelity. It was launched on Oct 15, 2002. BMNSX is managed by Baird. It was launched on Aug 30, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FBKWX or BMNSX.
Key characteristics
| FBKWX | BMNSX | |
|---|---|---|
| YTD Return | 3.60% | 2.22% |
| 1Y Return | 10.23% | 6.69% |
| 3Y Return (Ann) | -1.08% | 0.34% |
| 5Y Return (Ann) | 0.77% | 1.51% |
| Sharpe Ratio | 1.70 | 2.90 |
| Sortino Ratio | 2.54 | 4.46 |
| Omega Ratio | 1.31 | 1.77 |
| Calmar Ratio | 0.76 | 1.14 |
| Martin Ratio | 6.48 | 13.00 |
| Ulcer Index | 1.47% | 0.51% |
| Daily Std Dev | 5.71% | 2.31% |
| Max Drawdown | -18.08% | -10.33% |
| Current Drawdown | -4.79% | -0.97% |
Correlation
The correlation between FBKWX and BMNSX is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FBKWX vs. BMNSX - Performance Comparison
In the year-to-date period, FBKWX achieves a 3.60% return, which is significantly higher than BMNSX's 2.22% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FBKWX vs. BMNSX - Expense Ratio Comparison
FBKWX has a 0.36% expense ratio, which is lower than BMNSX's 0.55% expense ratio.
Risk-Adjusted Performance
FBKWX vs. BMNSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Total Bond Fund Class Z (FBKWX) 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.
Dividends
FBKWX vs. BMNSX - Dividend Comparison
FBKWX's dividend yield for the trailing twelve months is around 4.42%, more than BMNSX's 3.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FBKWX Fidelity Advisor Total Bond Fund Class Z | 4.42% | 4.23% | 3.42% | 2.29% | 2.62% | 3.02% | 3.31% | 2.84% | 3.06% | 3.81% | 0.22% |
BMNSX Baird Core Intermediate Municipal Bond Fund | 3.11% | 2.72% | 1.69% | 1.23% | 1.76% | 2.08% | 2.02% | 1.72% | 1.58% | 0.50% | 0.00% |
Drawdowns
FBKWX vs. BMNSX - Drawdown Comparison
The maximum FBKWX drawdown since its inception was -18.08%, which is greater than BMNSX's maximum drawdown of -10.33%. Use the drawdown chart below to compare losses from any high point for FBKWX and BMNSX. For additional features, visit the drawdowns tool.
Volatility
FBKWX vs. BMNSX - Volatility Comparison
Fidelity Advisor Total Bond Fund Class Z (FBKWX) has a higher volatility of 1.68% compared to Baird Core Intermediate Municipal Bond Fund (BMNSX) at 1.17%. This indicates that FBKWX'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.