VWIUX vs. BSNSX
Compare and contrast key facts about Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) and Baird Strategic Municipal Bond Fund (BSNSX).
VWIUX is managed by Vanguard. It was launched on Feb 12, 2001. BSNSX is managed by Baird. It was launched on Nov 14, 2019.
Performance
VWIUX vs. BSNSX - Performance Comparison
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VWIUX vs. BSNSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | -0.69% | 5.99% | 2.34% | 5.90% | -6.83% | 0.81% | 5.23% | 1.06% |
BSNSX Baird Strategic Municipal Bond Fund | 0.05% | 4.83% | 2.92% | 6.53% | -5.54% | 2.00% | 8.13% | 0.85% |
Returns By Period
In the year-to-date period, VWIUX achieves a -0.69% return, which is significantly lower than BSNSX's 0.05% return.
VWIUX
- 1D
- 0.15%
- 1M
- -2.85%
- YTD
- -0.69%
- 6M
- 0.95%
- 1Y
- 4.63%
- 3Y*
- 3.66%
- 5Y*
- 1.53%
- 10Y*
- 2.36%
BSNSX
- 1D
- 0.10%
- 1M
- -1.70%
- YTD
- 0.05%
- 6M
- 1.40%
- 1Y
- 4.40%
- 3Y*
- 3.91%
- 5Y*
- 1.95%
- 10Y*
- —
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VWIUX vs. BSNSX - Expense Ratio Comparison
VWIUX has a 0.09% expense ratio, which is lower than BSNSX's 0.55% expense ratio.
Return for Risk
VWIUX vs. BSNSX — Risk / Return Rank
VWIUX
BSNSX
VWIUX vs. BSNSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) 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.
| VWIUX | BSNSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 1.65 | -0.25 |
Sortino ratioReturn per unit of downside risk | 1.88 | 2.15 | -0.26 |
Omega ratioGain probability vs. loss probability | 1.40 | 1.48 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.48 | 1.65 | -0.18 |
Martin ratioReturn relative to average drawdown | 5.75 | 7.01 | -1.26 |
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
| VWIUX | BSNSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 1.65 | -0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.74 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.11 | 0.89 | +0.21 |
Correlation
The correlation between VWIUX and BSNSX is 0.81, 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
VWIUX vs. BSNSX - Dividend Comparison
VWIUX's dividend yield for the trailing twelve months is around 3.33%, which matches BSNSX's 3.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 3.33% | 4.06% | 3.63% | 2.78% | 2.51% | 1.89% | 2.40% | 2.88% | 2.89% | 2.82% | 2.91% | 2.96% |
BSNSX Baird Strategic Municipal Bond Fund | 3.33% | 3.32% | 3.28% | 2.99% | 1.84% | 1.33% | 1.99% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VWIUX vs. BSNSX - Drawdown Comparison
The maximum VWIUX drawdown since its inception was -11.38%, which is greater than BSNSX's maximum drawdown of -9.77%. Use the drawdown chart below to compare losses from any high point for VWIUX and BSNSX.
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Drawdown Indicators
| VWIUX | BSNSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.38% | -9.77% | -1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -3.89% | -2.91% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -11.38% | -9.77% | -1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -11.38% | — | — |
Current DrawdownCurrent decline from peak | -2.85% | -1.70% | -1.15% |
Average DrawdownAverage peak-to-trough decline | -1.44% | -1.60% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | 0.69% | +0.31% |
Volatility
VWIUX vs. BSNSX - Volatility Comparison
Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) has a higher volatility of 0.96% compared to Baird Strategic Municipal Bond Fund (BSNSX) at 0.72%. This indicates that VWIUX'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.
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Volatility by Period
| VWIUX | BSNSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.72% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 1.57% | 1.04% | +0.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.93% | 2.82% | +1.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.23% | 2.65% | +0.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.42% | 3.39% | +0.03% |