- ISIN
- US0570718215
- CUSIP
- 057071821
- Issuer
- Baird
- Inception Date
- Dec 29, 2000
- Category
- Mid Cap Growth Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
BMDSX Performance Chart
Baird Mid Cap Growth Fund (BMDSX) is up 7.4% since the beginning of the year. BMDSX is currently trading at $18 per share. Investors who bought $1,000 worth of BMDSX shares 5 years ago would now be looking at an investment worth $959.
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Returns By Period
Baird Mid Cap Growth Fund (BMDSX) has returned 7.40% so far this year and 2.75% over the past 12 months. Over the last ten years, BMDSX has returned 8.95% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Baird Mid Cap Growth Fund
- 1D
- 1.06%
- 1M
- 4.37%
- YTD
- 7.40%
- 6M
- 4.79%
- 1Y
- 2.75%
- 3Y*
- 0.44%
- 5Y*
- -0.83%
- 10Y*
- 8.95%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BMDSX Monthly Returns History
Based on dividend-adjusted daily data since Dec 29, 2000, BMDSX's average daily return is +0.04%, while the average monthly return is +0.70%. At this rate, an investment would double in approximately 8.3 years.
Historically, 58% of months were positive and 42% were negative. The best month was Apr 2020 with a return of +15.7%, while the worst month was Oct 2008 at -20.9%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BMDSX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +10.3%, while the worst single day was Mar 16, 2020 at -13.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.19% | 3.01% | -7.14% | 5.99% | 1.31% | 2.31% | 7.40% | ||||||
| 2025 | 3.11% | -6.16% | -6.66% | -0.10% | 4.85% | 2.84% | 1.64% | -0.67% | -3.64% | -1.64% | -1.47% | -1.38% | -9.55% |
| 2024 | -2.67% | 5.41% | 1.96% | -8.18% | 0.93% | -1.70% | 2.62% | 1.05% | 1.40% | -1.60% | 7.87% | -7.04% | -1.16% |
| 2023 | 9.96% | -0.76% | 1.96% | -0.94% | -1.80% | 7.51% | 1.52% | -4.59% | -5.87% | -6.83% | 10.86% | 9.41% | 19.91% |
| 2022 | -13.83% | -2.75% | 0.57% | -12.20% | 0.40% | -6.82% | 15.28% | -4.22% | -9.00% | 5.48% | 4.74% | -6.13% | -27.86% |
| 2021 | -2.33% | 3.05% | 0.68% | 5.68% | -2.03% | 4.07% | 5.34% | 4.68% | -5.32% | 7.13% | -2.15% | 1.95% | 21.81% |
Benchmark Metrics
Baird Mid Cap Growth Fund has an annualized alpha of 0.34%, beta of 1.03, and R2 of 0.86 versus S&P 500 Index. Calculated based on daily prices since December 29, 2000.
- With beta of 1.03 and R2 of 0.86, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 0.34%
- Beta
- 1.03
- R²
- 0.86
- Upside Capture
- 99.88%
- Downside Capture
- 99.15%
Expense Ratio
BMDSX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BMDSX ranks 4 for risk / return — in the bottom 4% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Baird Mid Cap Growth Fund (BMDSX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BMDSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.39 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.37 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 2.78 | -2.60 |
| Martin ratioReturn relative to average drawdown | 0.40 | 12.44 | -12.04 |
Dividends
Dividend History
Baird Mid Cap Growth Fund provided a 12.93% dividend yield over the last twelve months, with an annual payout of $2.35 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.35 | $2.35 | $0.97 | $0.55 | $0.34 | $4.82 | $2.64 | $1.24 | $1.11 | $0.89 | $0.00 | $0.02 |
Dividend yield | 12.93% | 13.88% | 4.57% | 2.44% | 1.79% | 17.82% | 10.09% | 5.77% | 6.62% | 4.87% | 0.00% | 0.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Baird Mid Cap Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.35 | $2.35 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.97 | $0.97 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.55 | $0.55 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.34 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.82 | $4.82 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Baird Mid Cap Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Baird Mid Cap Growth Fund was 53.96%, occurring on Mar 9, 2009. Recovery took 445 trading sessions.
The current Baird Mid Cap Growth Fund drawdown is 20.10%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -53.96%Mar 2009 | 1y 5mo | 1y 9mo | 3y 2moOct 2007 - Dec 2010 |
Bear market2022 | -36.24%Jun 2022 | 7mo 1d | — | 4y 7moNov 2021 - now |
COVID crash2020 | -34.67%Mar 2020 | 1mo 2d | 3mo 24d | 4mo 26dFeb 2020 - Jul 2020 |
2003 bear market2003 | -33.72%Mar 2003 | 2y 1mo | 1y 8mo | 3y 9moFeb 2001 - Nov 2004 |
2011 bear market2011 | -22.00%Oct 2011 | 2mo 27d | 3mo 24d | 6mo 21dJul 2011 - Jan 2012 |
Drawdown Indicators
| BMDSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.96% | -56.78% | +2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.54% | -9.10% | -5.44% |
Max Drawdown (3Y)Largest decline over 3 years | -25.04% | -18.90% | -6.14% |
Max Drawdown (5Y)Largest decline over 5 years | -36.24% | -25.43% | -10.81% |
Max Drawdown (10Y)Largest decline over 10 years | -36.24% | -33.92% | -2.32% |
Current DrawdownCurrent decline from peak | -20.10% | -1.80% | -18.30% |
Average DrawdownAverage peak-to-trough decline | -10.96% | -10.71% | -0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.80% | 2.03% | +4.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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