BAGIX vs. BHYIX
Compare and contrast key facts about Baird Aggregate Bond Fund Class I (BAGIX) and BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX).
BAGIX is managed by Baird. It was launched on Sep 29, 2000. BHYIX is managed by Blackrock. It was launched on Nov 19, 1998.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BAGIX or BHYIX.
Key characteristics
| BAGIX | BHYIX | |
|---|---|---|
| YTD Return | 2.13% | 8.17% |
| 1Y Return | 9.01% | 14.69% |
| 3Y Return (Ann) | -1.97% | 3.42% |
| 5Y Return (Ann) | 0.01% | 4.72% |
| 10Y Return (Ann) | 1.72% | 4.53% |
| Sharpe Ratio | 1.53 | 3.97 |
| Sortino Ratio | 2.27 | 6.86 |
| Omega Ratio | 1.28 | 2.03 |
| Calmar Ratio | 0.57 | 4.39 |
| Martin Ratio | 5.76 | 33.08 |
| Ulcer Index | 1.56% | 0.44% |
| Daily Std Dev | 5.90% | 3.69% |
| Max Drawdown | -19.44% | -34.81% |
| Current Drawdown | -8.15% | -0.28% |
Correlation
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.
Performance
BAGIX vs. BHYIX - Performance Comparison
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 1.72%, while BHYIX has yielded a comparatively higher 4.53% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BAGIX vs. BHYIX - Expense Ratio Comparison
BAGIX has a 0.30% expense ratio, which is lower than BHYIX's 0.59% expense ratio.
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.
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.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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.
Volatility
BAGIX vs. BHYIX - Volatility Comparison
Baird Aggregate Bond Fund Class I (BAGIX) has a higher volatility of 1.73% compared to BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) at 0.79%. 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.