BAGIX vs. BND
BAGIX (Baird Aggregate Bond Fund Class I) and BND (Vanguard Total Bond Market ETF) are both Total Bond Market funds. Over the past 10 years, BAGIX returned 1.99%/yr vs 1.58%/yr for BND. Their correlation of 0.88 suggests significant overlap in exposure. BAGIX charges 0.30%/yr vs 0.03%/yr for BND.
Performance
BAGIX vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, BAGIX achieves a 0.42% return, which is significantly higher than BND's 0.27% return. Over the past 10 years, BAGIX has outperformed BND with an annualized return of 1.99%, while BND has yielded a comparatively lower 1.58% annualized return.
BAGIX
- 1D
- 0.00%
- 1M
- 0.57%
- YTD
- 0.42%
- 6M
- 0.37%
- 1Y
- 5.47%
- 3Y*
- 4.52%
- 5Y*
- 0.45%
- 10Y*
- 1.99%
BND
- 1D
- -0.19%
- 1M
- 0.27%
- YTD
- 0.27%
- 6M
- 0.12%
- 1Y
- 5.11%
- 3Y*
- 3.96%
- 5Y*
- 0.09%
- 10Y*
- 1.58%
BAGIX vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Class I | 0.42% | 7.37% | 1.85% | 6.42% | -13.35% | -1.46% | 8.63% | 9.48% | -0.31% | 4.20% |
BND Vanguard Total Bond Market ETF | 0.27% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 8.84% | -0.12% | 3.57% |
Correlation
The correlation between BAGIX and BND is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Apr 11, 2007 | 0.88 |
The correlation between BAGIX and BND has been stable across timeframes, ranging from 0.88 to 0.97 - a consistent structural relationship.
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Return for Risk
BAGIX vs. BND — Risk / Return Rank
BAGIX
BND
BAGIX vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund Class I (BAGIX) and Vanguard Total Bond Market ETF (BND). 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.
| BAGIX | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.24 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 1.92 | +0.10 |
| Martin ratioReturn relative to average drawdown | 6.02 | 5.80 | +0.22 |
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
| BAGIX | BND | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.45 | 1.36 | +0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.01 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.29 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | 0.59 | +0.39 |
Drawdowns
BAGIX vs. BND - Drawdown Comparison
The maximum BAGIX drawdown since its inception was -18.62%, roughly equal to the maximum BND drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for BAGIX and BND.
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Drawdown Indicators
| BAGIX | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.62% | -18.58% | -0.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -2.68% | -0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -5.92% | -0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -17.91% | -0.69% |
Max Drawdown (10Y)Largest decline over 10 years | -18.62% | -18.58% | -0.04% |
Current DrawdownCurrent decline from peak | -1.36% | -2.37% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -3.06% | +0.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.88% | +0.03% |
Volatility
BAGIX vs. BND - Volatility Comparison
Baird Aggregate Bond Fund Class I (BAGIX) and Vanguard Total Bond Market ETF (BND) have volatilities of 1.26% and 1.23%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAGIX | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 1.23% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.63% | 2.66% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.80% | 3.78% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 6.02% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 5.53% | -0.64% |
BAGIX vs. BND - Expense Ratio Comparison
BAGIX has a 0.30% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
BAGIX vs. BND - Dividend Comparison
BAGIX's dividend yield for the trailing twelve months is around 4.24%, more than BND's 3.97% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Class I | 4.24% | 4.12% | 4.03% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.25% | 2.46% |
BND Vanguard Total Bond Market ETF | 3.97% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
Frequently Asked Questions
With a correlation of 0.96, BAGIX and BND move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BAGIX has higher volatility (1.26%) compared to BND (1.23%). In terms of maximum drawdown, BAGIX dropped -18.62% vs BND's -18.58%.
BAGIX currently has the higher Sharpe Ratio (1.45 vs 1.36), 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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