TXRIX vs. BSNSX
Compare and contrast key facts about JPMorgan Tax Aware Real Return Fund (TXRIX) and Baird Strategic Municipal Bond Fund (BSNSX).
TXRIX is managed by JPMorgan Chase. It was launched on Aug 30, 2005. 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: TXRIX or BSNSX.
Key characteristics
| TXRIX | BSNSX | |
|---|---|---|
| YTD Return | 2.91% | 2.86% |
| 1Y Return | 7.06% | 7.42% |
| 3Y Return (Ann) | 0.47% | 1.07% |
| Sharpe Ratio | 2.76 | 3.37 |
| Sortino Ratio | 4.65 | 5.41 |
| Omega Ratio | 1.72 | 1.96 |
| Calmar Ratio | 1.33 | 1.79 |
| Martin Ratio | 18.05 | 16.10 |
| Ulcer Index | 0.40% | 0.46% |
| Daily Std Dev | 2.60% | 2.21% |
| Max Drawdown | -16.51% | -10.21% |
| Current Drawdown | -0.68% | -0.77% |
Correlation
The correlation between TXRIX and BSNSX is 0.43, 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
TXRIX vs. BSNSX - Performance Comparison
The year-to-date returns for both stocks are quite close, with TXRIX having a 2.91% return and BSNSX slightly lower at 2.86%. 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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TXRIX vs. BSNSX - Expense Ratio Comparison
TXRIX has a 0.49% expense ratio, which is lower than BSNSX's 0.55% expense ratio.
Risk-Adjusted Performance
TXRIX vs. BSNSX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Tax Aware Real Return Fund (TXRIX) 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
TXRIX vs. BSNSX - Dividend Comparison
TXRIX's dividend yield for the trailing twelve months is around 3.37%, more than BSNSX's 3.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TXRIX JPMorgan Tax Aware Real Return Fund | 3.37% | 3.17% | 2.06% | 1.47% | 2.23% | 2.55% | 2.87% | 2.72% | 2.80% | 2.99% | 2.97% | 2.59% |
BSNSX Baird Strategic Municipal Bond Fund | 3.28% | 2.98% | 1.80% | 0.84% | 1.36% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
TXRIX vs. BSNSX - Drawdown Comparison
The maximum TXRIX drawdown since its inception was -16.51%, which is greater than BSNSX's maximum drawdown of -10.21%. Use the drawdown chart below to compare losses from any high point for TXRIX and BSNSX. For additional features, visit the drawdowns tool.
Volatility
TXRIX vs. BSNSX - Volatility Comparison
JPMorgan Tax Aware Real Return Fund (TXRIX) has a higher volatility of 1.15% compared to Baird Strategic Municipal Bond Fund (BSNSX) at 1.07%. This indicates that TXRIX'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.