GUIRX vs. BSNIX
GUIRX (Goldman Sachs Dynamic Municipal Income Fund Investor Class) and BSNIX (Baird Strategic Municipal Bond Fund Institutional Class) are both Municipal Bonds funds. Over the past 5 years, GUIRX returned 0.95%/yr vs 1.95%/yr for BSNIX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. GUIRX charges 0.47%/yr vs 0.30%/yr for BSNIX.
Performance
GUIRX vs. BSNIX - Performance Comparison
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Returns By Period
In the year-to-date period, GUIRX achieves a 0.81% return, which is significantly higher than BSNIX's 0.42% return.
GUIRX
- 1D
- -0.20%
- 1M
- -1.57%
- 6M
- 0.09%
- YTD
- 0.81%
- 1Y
- 4.96%
- 3Y*
- 4.10%
- 5Y*
- 0.95%
- 10Y*
- 2.51%
- ALL TIME*
- 3.75%
BSNIX
- 1D
- -0.10%
- 1M
- -0.93%
- 6M
- -0.32%
- YTD
- 0.42%
- 1Y
- 3.83%
- 3Y*
- 4.00%
- 5Y*
- 1.95%
- 10Y*
- —
- ALL TIME*
- 3.12%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GUIRX vs. BSNIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GUIRX Goldman Sachs Dynamic Municipal Income Fund Investor Class | 0.81% | 4.73% | 3.66% | 6.37% | -9.66% | 3.11% | 3.86% | 1.47% |
BSNIX Baird Strategic Municipal Bond Fund Institutional Class | 0.42% | 4.90% | 3.17% | 6.78% | -5.31% | 2.26% | 8.39% | 0.88% |
Correlation
The correlation between GUIRX and BSNIX is 0.78, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.78 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019 | 0.79 |
The correlation between GUIRX and BSNIX has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
GUIRX vs. BSNIX — Risk / Return Rank
GUIRX
BSNIX
GUIRX vs. BSNIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Dynamic Municipal Income Fund Investor Class (GUIRX) and Baird Strategic Municipal Bond Fund Institutional Class (BSNIX). 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.
| GUIRX | BSNIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.59 | 1.61 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 2.04 | +0.34 |
| Martin ratioReturn relative to average drawdown | 8.30 | 6.77 | +1.53 |
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Drawdowns
GUIRX vs. BSNIX - Drawdown Comparison
The maximum GUIRX drawdown since its inception was -14.21%, which is greater than BSNIX's maximum drawdown of -9.58%. Use the drawdown chart below to compare losses from any high point for GUIRX and BSNIX.
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Drawdown Indicators
| GUIRX | BSNIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.21% | -9.58% | -4.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.46% | -2.09% | -0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -4.86% | -2.91% | -1.95% |
Max Drawdown (5Y)Largest decline over 5 years | -14.16% | -9.58% | -4.58% |
Max Drawdown (10Y)Largest decline over 10 years | -14.21% | — | — |
Current DrawdownCurrent decline from peak | -1.57% | -1.28% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -1.48% | -0.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.63% | +0.07% |
Volatility
GUIRX vs. BSNIX - Volatility Comparison
Goldman Sachs Dynamic Municipal Income Fund Investor Class (GUIRX) has a higher volatility of 0.77% compared to Baird Strategic Municipal Bond Fund Institutional Class (BSNIX) at 0.66%. This indicates that GUIRX's price experiences larger fluctuations and is considered to be riskier than BSNIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GUIRX | BSNIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.77% | 0.66% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 1.98% | 1.44% | +0.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 1.75% | +0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.72% | 2.70% | +1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.95% | 3.34% | +0.61% |
GUIRX vs. BSNIX - Expense Ratio Comparison
GUIRX has a 0.47% expense ratio, which is higher than BSNIX's 0.30% expense ratio.
Dividends
GUIRX vs. BSNIX - Dividend Comparison
GUIRX's dividend yield for the trailing twelve months is around 3.46%, more than BSNIX's 3.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSNIX Baird Strategic Municipal Bond Fund Institutional Class | 3.01% | 3.29% | 3.51% | 3.22% | 2.09% | 1.58% | 2.23% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% |
GUIRX Goldman Sachs Dynamic Municipal Income Fund Investor Class | 3.46% | 4.90% | 3.86% | 2.78% | 2.06% | 2.16% | 2.38% | 2.84% | 3.04% | 3.23% | 3.60% | 3.68% |
Frequently Asked Questions
GUIRX and BSNIX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GUIRX has higher volatility (0.77%) compared to BSNIX (0.66%). In terms of maximum drawdown, GUIRX dropped -14.21% vs BSNIX's -9.58%.
BSNIX currently has the higher Sharpe Ratio (2.44 vs 2.34), 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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