PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
BAGIX vs. BHYIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

BAGIX vs. BHYIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baird Aggregate Bond Fund Class I (BAGIX) and BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.44%
6.10%
BAGIX
BHYIX

Returns By Period

In the year-to-date period, BAGIX achieves a 2.13% return, which is significantly lower than BHYIX's 8.17% return. Over the past 10 years, BAGIX has underperformed BHYIX with an annualized return of 1.69%, while BHYIX has yielded a comparatively higher 4.53% annualized return.


BAGIX

YTD

2.13%

1M

-0.48%

6M

3.44%

1Y

7.16%

5Y (annualized)

-0.04%

10Y (annualized)

1.69%

BHYIX

YTD

8.17%

1M

1.00%

6M

6.10%

1Y

13.51%

5Y (annualized)

4.76%

10Y (annualized)

4.53%

Key characteristics


BAGIXBHYIX
Sharpe Ratio1.253.74
Sortino Ratio1.856.30
Omega Ratio1.221.95
Calmar Ratio0.494.63
Martin Ratio4.2730.06
Ulcer Index1.68%0.45%
Daily Std Dev5.71%3.61%
Max Drawdown-19.44%-34.81%
Current Drawdown-8.15%-0.28%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


BAGIX vs. BHYIX - Expense Ratio Comparison

BAGIX has a 0.30% expense ratio, which is lower than BHYIX's 0.59% expense ratio.


BHYIX
BlackRock High Yield Bond Portfolio Institutional Shares
Expense ratio chart for BHYIX: current value at 0.59% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.59%
Expense ratio chart for BAGIX: current value at 0.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.30%

Correlation

-0.50.00.51.00.1

The correlation between BAGIX and BHYIX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Risk-Adjusted Performance

BAGIX vs. BHYIX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund Class I (BAGIX) and BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX). 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.


Sharpe ratio
The chart of Sharpe ratio for BAGIX, currently valued at 1.34, compared to the broader market-1.000.001.002.003.004.005.001.343.74
The chart of Sortino ratio for BAGIX, currently valued at 1.97, compared to the broader market0.005.0010.001.976.30
The chart of Omega ratio for BAGIX, currently valued at 1.24, compared to the broader market1.002.003.004.001.241.95
The chart of Calmar ratio for BAGIX, currently valued at 0.54, compared to the broader market0.005.0010.0015.0020.000.544.63
The chart of Martin ratio for BAGIX, currently valued at 4.54, compared to the broader market0.0020.0040.0060.0080.00100.004.5430.06
BAGIX
BHYIX

The current BAGIX Sharpe Ratio is 1.25, which is lower than the BHYIX Sharpe Ratio of 3.74. The chart below compares the historical Sharpe Ratios of BAGIX and BHYIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
1.34
3.74
BAGIX
BHYIX

Dividends

BAGIX vs. BHYIX - Dividend Comparison

BAGIX's dividend yield for the trailing twelve months is around 3.90%, less than BHYIX's 6.94% yield.


TTM20232022202120202019201820172016201520142013
BAGIX
Baird Aggregate Bond Fund Class I
3.90%3.46%2.69%1.92%2.29%2.76%2.89%2.55%2.47%2.47%2.90%3.32%
BHYIX
BlackRock High Yield Bond Portfolio Institutional Shares
6.94%6.68%5.86%4.74%5.12%5.56%6.19%5.63%5.60%5.69%5.93%6.10%

Drawdowns

BAGIX vs. BHYIX - Drawdown Comparison

The maximum BAGIX drawdown since its inception was -19.44%, smaller than the maximum BHYIX drawdown of -34.81%. Use the drawdown chart below to compare losses from any high point for BAGIX and BHYIX. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-8.15%
-0.28%
BAGIX
BHYIX

Volatility

BAGIX vs. BHYIX - Volatility Comparison

Baird Aggregate Bond Fund Class I (BAGIX) has a higher volatility of 1.50% compared to BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) at 0.71%. This indicates that BAGIX's price experiences larger fluctuations and is considered to be riskier than BHYIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.60%0.80%1.00%1.20%1.40%1.60%1.80%JuneJulyAugustSeptemberOctoberNovember
1.50%
0.71%
BAGIX
BHYIX