MMIBX vs. BIMIX
Compare and contrast key facts about MFS Municipal Income Fund (MMIBX) and Baird Intermediate Bond Fund Class Institutional (BIMIX).
MMIBX is managed by MFS. It was launched on Dec 28, 1986. BIMIX is managed by Baird. It was launched on Sep 29, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MMIBX or BIMIX.
Performance
MMIBX vs. BIMIX - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with MMIBX having a 3.06% return and BIMIX slightly higher at 3.18%. Over the past 10 years, MMIBX has outperformed BIMIX with an annualized return of 1.82%, while BIMIX has yielded a comparatively lower 1.70% annualized return.
MMIBX
3.06%
-0.47%
2.88%
8.54%
0.51%
1.82%
BIMIX
3.18%
-1.01%
3.08%
6.57%
0.73%
1.70%
Key characteristics
| MMIBX | BIMIX | |
|---|---|---|
| Sharpe Ratio | 2.32 | 1.91 |
| Sortino Ratio | 3.47 | 2.85 |
| Omega Ratio | 1.52 | 1.36 |
| Calmar Ratio | 0.75 | 0.73 |
| Martin Ratio | 10.29 | 7.80 |
| Ulcer Index | 0.88% | 0.88% |
| Daily Std Dev | 3.92% | 3.61% |
| Max Drawdown | -16.77% | -14.15% |
| Current Drawdown | -4.44% | -3.43% |
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MMIBX vs. BIMIX - Expense Ratio Comparison
MMIBX has a 1.45% expense ratio, which is higher than BIMIX's 0.30% expense ratio.
Correlation
The correlation between MMIBX and BIMIX is 0.51, 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.
Risk-Adjusted Performance
MMIBX vs. BIMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for MFS Municipal Income Fund (MMIBX) and Baird Intermediate Bond Fund Class Institutional (BIMIX). 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
MMIBX vs. BIMIX - Dividend Comparison
MMIBX's dividend yield for the trailing twelve months is around 2.71%, less than BIMIX's 3.80% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MMIBX MFS Municipal Income Fund | 2.71% | 2.47% | 1.92% | 1.45% | 1.86% | 2.29% | 2.69% | 2.69% | 2.88% | 2.75% | 2.70% | 3.06% |
BIMIX Baird Intermediate Bond Fund Class Institutional | 3.80% | 3.20% | 2.18% | 1.58% | 2.16% | 2.53% | 2.52% | 2.33% | 2.29% | 2.27% | 2.41% | 2.49% |
Drawdowns
MMIBX vs. BIMIX - Drawdown Comparison
The maximum MMIBX drawdown since its inception was -16.77%, which is greater than BIMIX's maximum drawdown of -14.15%. Use the drawdown chart below to compare losses from any high point for MMIBX and BIMIX. For additional features, visit the drawdowns tool.
Volatility
MMIBX vs. BIMIX - Volatility Comparison
MFS Municipal Income Fund (MMIBX) has a higher volatility of 1.96% compared to Baird Intermediate Bond Fund Class Institutional (BIMIX) at 0.88%. This indicates that MMIBX's price experiences larger fluctuations and is considered to be riskier than BIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.