JMUB vs. BSNSX
Compare and contrast key facts about JPMorgan Municipal ETF (JMUB) and Baird Strategic Municipal Bond Fund (BSNSX).
JMUB is an actively managed fund by JPMorgan Chase. It was launched on Oct 29, 2018. BSNSX is managed by Baird. It was launched on Nov 14, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: JMUB or BSNSX.
Key characteristics
| JMUB | BSNSX | |
|---|---|---|
| YTD Return | 1.87% | 2.76% |
| 1Y Return | 6.28% | 6.78% |
| 3Y Return (Ann) | 0.11% | 1.03% |
| Sharpe Ratio | 2.22 | 3.32 |
| Sortino Ratio | 3.25 | 5.32 |
| Omega Ratio | 1.46 | 1.93 |
| Calmar Ratio | 1.09 | 1.99 |
| Martin Ratio | 11.22 | 15.65 |
| Ulcer Index | 0.63% | 0.47% |
| Daily Std Dev | 3.17% | 2.21% |
| Max Drawdown | -12.50% | -10.21% |
| Current Drawdown | -1.31% | -0.87% |
Correlation
The correlation between JMUB and BSNSX is 0.69, 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
JMUB vs. BSNSX - Performance Comparison
In the year-to-date period, JMUB achieves a 1.87% return, which is significantly lower than BSNSX's 2.76% 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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JMUB vs. BSNSX - Expense Ratio Comparison
JMUB has a 0.18% expense ratio, which is lower than BSNSX's 0.55% expense ratio.
Risk-Adjusted Performance
JMUB vs. BSNSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Municipal ETF (JMUB) and Baird Strategic Municipal Bond Fund (BSNSX). 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
JMUB vs. BSNSX - Dividend Comparison
JMUB's dividend yield for the trailing twelve months is around 3.46%, more than BSNSX's 3.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|
JMUB JPMorgan Municipal ETF | 3.46% | 3.20% | 2.16% | 1.94% | 2.13% | 3.66% | 0.45% |
BSNSX Baird Strategic Municipal Bond Fund | 3.28% | 2.98% | 1.80% | 0.84% | 1.36% | 0.15% | 0.00% |
Drawdowns
JMUB vs. BSNSX - Drawdown Comparison
The maximum JMUB drawdown since its inception was -12.50%, which is greater than BSNSX's maximum drawdown of -10.21%. Use the drawdown chart below to compare losses from any high point for JMUB and BSNSX. For additional features, visit the drawdowns tool.
Volatility
JMUB vs. BSNSX - Volatility Comparison
JPMorgan Municipal ETF (JMUB) has a higher volatility of 1.50% compared to Baird Strategic Municipal Bond Fund (BSNSX) at 1.07%. This indicates that JMUB's price experiences larger fluctuations and is considered to be riskier than BSNSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.