BAGIX vs. AGG
BAGIX (Baird Aggregate Bond Fund Class I) and AGG (iShares Core U.S. Aggregate Bond ETF) are both Total Bond Market funds. Over the past 10 years, BAGIX returned 1.97%/yr vs 1.53%/yr for AGG. Their correlation of 0.86 suggests significant overlap in exposure. BAGIX charges 0.30%/yr vs 0.03%/yr for AGG.
Performance
BAGIX vs. AGG - Performance Comparison
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Returns By Period
In the year-to-date period, BAGIX achieves a 0.63% return, which is significantly higher than AGG's 0.39% return. Over the past 10 years, BAGIX has outperformed AGG with an annualized return of 1.97%, while AGG has yielded a comparatively lower 1.53% annualized return.
BAGIX
- 1D
- 0.31%
- 1M
- 0.98%
- YTD
- 0.63%
- 6M
- 0.88%
- 1Y
- 4.93%
- 3Y*
- 4.56%
- 5Y*
- 0.28%
- 10Y*
- 1.97%
AGG
- 1D
- -0.27%
- 1M
- 0.53%
- YTD
- 0.39%
- 6M
- 0.47%
- 1Y
- 4.45%
- 3Y*
- 3.94%
- 5Y*
- 0.06%
- 10Y*
- 1.53%
BAGIX vs. AGG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Class I | 0.63% | 7.37% | 1.85% | 6.42% | -13.35% | -1.46% | 8.63% | 9.48% | -0.31% | 4.20% |
AGG iShares Core U.S. Aggregate Bond ETF | 0.39% | 7.19% | 1.31% | 5.65% | -13.02% | -1.77% | 7.48% | 8.46% | 0.09% | 3.55% |
Correlation
The correlation between BAGIX and AGG 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 | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2003 | 0.86 |
The correlation between BAGIX and AGG shifts across timeframes, from 0.86 (all time) to 0.97 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BAGIX vs. AGG — Risk / Return Rank
BAGIX
AGG
BAGIX vs. AGG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund Class I (BAGIX) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.
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.
| BAGIX | AGG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.21 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.62 | +0.20 |
| Martin ratioReturn relative to average drawdown | 5.12 | 4.69 | +0.44 |
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Drawdowns
BAGIX vs. AGG - Drawdown Comparison
The maximum BAGIX drawdown since its inception was -18.62%, roughly equal to the maximum AGG drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for BAGIX and AGG.
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Drawdown Indicators
| BAGIX | AGG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.62% | -18.43% | -0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -2.76% | +0.04% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -6.11% | +0.06% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -17.82% | -0.78% |
Max Drawdown (10Y)Largest decline over 10 years | -18.62% | -18.43% | -0.19% |
Current DrawdownCurrent decline from peak | -1.16% | -2.01% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -2.71% | +0.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 0.95% | +0.01% |
Volatility
BAGIX vs. AGG - Volatility Comparison
Baird Aggregate Bond Fund Class I (BAGIX) and iShares Core U.S. Aggregate Bond ETF (AGG) have volatilities of 1.14% and 1.11%, 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 | AGG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.11% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 2.84% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 3.82% | -0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 6.10% | -0.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 5.41% | -0.52% |
BAGIX vs. AGG - Expense Ratio Comparison
BAGIX has a 0.30% expense ratio, which is higher than AGG's 0.03% expense ratio.
Dividends
BAGIX vs. AGG - Dividend Comparison
BAGIX's dividend yield for the trailing twelve months is around 4.23%, more than AGG's 3.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AGG iShares Core U.S. Aggregate Bond ETF | 3.98% | 3.89% | 3.74% | 3.13% | 2.39% | 1.77% | 2.14% | 2.70% | 2.72% | 2.32% | 2.39% | 2.45% |
BAGIX Baird Aggregate Bond Fund Class I | 4.23% | 4.12% | 4.03% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.25% | 2.46% |
Frequently Asked Questions
With a correlation of 0.96, BAGIX and AGG 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 (1.14%) compared to AGG (1.11%). In terms of maximum drawdown, BAGIX dropped -18.62% vs AGG's -18.43%.
BAGIX currently has the higher Sharpe Ratio (1.33 vs 1.17), 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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