FNSOX vs. BSBIX
Compare and contrast key facts about Fidelity Short-Term Bond Index Fund (FNSOX) and Baird Short-Term Bond Fund Institutional Class (BSBIX).
FNSOX is managed by Fidelity. It was launched on Oct 18, 2017. BSBIX is a passively managed fund by Baird that tracks the performance of the Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index. It was launched on Aug 31, 2004.
Performance
FNSOX vs. BSBIX - Performance Comparison
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FNSOX vs. BSBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNSOX Fidelity Short-Term Bond Index Fund | -0.22% | 6.01% | 3.90% | 4.90% | -5.76% | -1.25% | 4.28% | 4.95% | 1.14% | -0.22% |
BSBIX Baird Short-Term Bond Fund Institutional Class | 0.27% | 5.67% | 4.99% | 5.65% | -3.64% | -0.42% | 4.23% | 4.68% | 1.49% | -0.14% |
Returns By Period
In the year-to-date period, FNSOX achieves a -0.22% return, which is significantly lower than BSBIX's 0.27% return.
FNSOX
- 1D
- 0.20%
- 1M
- -1.18%
- YTD
- -0.22%
- 6M
- 0.91%
- 1Y
- 3.69%
- 3Y*
- 4.22%
- 5Y*
- 1.56%
- 10Y*
- —
BSBIX
- 1D
- 0.21%
- 1M
- -0.59%
- YTD
- 0.27%
- 6M
- 1.39%
- 1Y
- 4.26%
- 3Y*
- 5.01%
- 5Y*
- 2.46%
- 10Y*
- 2.51%
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FNSOX vs. BSBIX - Expense Ratio Comparison
FNSOX has a 0.03% expense ratio, which is lower than BSBIX's 0.30% expense ratio.
Return for Risk
FNSOX vs. BSBIX — Risk / Return Rank
FNSOX
BSBIX
FNSOX vs. BSBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Short-Term Bond Index Fund (FNSOX) and Baird Short-Term Bond Fund Institutional Class (BSBIX). 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.
| FNSOX | BSBIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 3.02 | -1.20 |
Sortino ratioReturn per unit of downside risk | 2.83 | 4.76 | -1.93 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.81 | -0.43 |
Calmar ratioReturn relative to maximum drawdown | 2.86 | 4.66 | -1.80 |
Martin ratioReturn relative to average drawdown | 10.76 | 20.97 | -10.21 |
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
| FNSOX | BSBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 3.02 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.55 | 1.28 | -0.73 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.51 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 1.64 | -0.81 |
Correlation
The correlation between FNSOX and BSBIX is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FNSOX vs. BSBIX - Dividend Comparison
FNSOX's dividend yield for the trailing twelve months is around 3.15%, less than BSBIX's 4.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNSOX Fidelity Short-Term Bond Index Fund | 3.15% | 3.22% | 2.80% | 1.74% | 0.81% | 0.80% | 1.54% | 2.61% | 2.04% | 0.34% | 0.00% | 0.00% |
BSBIX Baird Short-Term Bond Fund Institutional Class | 4.30% | 4.35% | 4.34% | 3.41% | 1.79% | 1.42% | 2.61% | 2.49% | 2.20% | 1.73% | 1.60% | 1.62% |
Drawdowns
FNSOX vs. BSBIX - Drawdown Comparison
The maximum FNSOX drawdown since its inception was -8.92%, which is greater than BSBIX's maximum drawdown of -5.95%. Use the drawdown chart below to compare losses from any high point for FNSOX and BSBIX.
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Drawdown Indicators
| FNSOX | BSBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.92% | -5.95% | -2.97% |
Max Drawdown (1Y)Largest decline over 1 year | -1.47% | -0.94% | -0.53% |
Max Drawdown (5Y)Largest decline over 5 years | -8.77% | -5.95% | -2.82% |
Max Drawdown (10Y)Largest decline over 10 years | — | -5.95% | — |
Current DrawdownCurrent decline from peak | -1.18% | -0.59% | -0.59% |
Average DrawdownAverage peak-to-trough decline | -1.75% | -0.55% | -1.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.39% | 0.21% | +0.18% |
Volatility
FNSOX vs. BSBIX - Volatility Comparison
Fidelity Short-Term Bond Index Fund (FNSOX) has a higher volatility of 0.78% compared to Baird Short-Term Bond Fund Institutional Class (BSBIX) at 0.56%. This indicates that FNSOX's price experiences larger fluctuations and is considered to be riskier than BSBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNSOX | BSBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 0.56% | +0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 1.37% | 0.86% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.21% | 1.42% | +0.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.86% | 1.93% | +0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.48% | 1.67% | +0.81% |