BAGIX vs. BIMIX
BAGIX (Baird Aggregate Bond Fund Institutional Class) and BIMIX (Baird Intermediate Bond Fund Class Institutional) are both Intermediate Core Bond funds from Baird. Over the past 10 years, BAGIX returned 1.72%/yr vs 1.98%/yr for BIMIX. Their correlation of 0.92 means they have usually moved in the same direction. Both charge a 0.30% expense ratio.
Performance
BAGIX vs. BIMIX - Performance Comparison
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Returns By Period
In the year-to-date period, BAGIX achieves a -0.31% return, which is significantly higher than BIMIX's -0.46% return. Over the past 10 years, BAGIX has underperformed BIMIX with an annualized return of 1.72%, while BIMIX has yielded a comparatively higher 1.98% annualized return.
BAGIX
- 1D
- 0.00%
- 1M
- -0.86%
- 6M
- -0.50%
- YTD
- -0.31%
- 1Y
- 2.19%
- 3Y*
- 4.25%
- 5Y*
- -0.13%
- 10Y*
- 1.72%
- ALL TIME*
- 4.13%
BIMIX
- 1D
- 0.10%
- 1M
- -0.31%
- 6M
- -0.57%
- YTD
- -0.46%
- 1Y
- 1.64%
- 3Y*
- 4.43%
- 5Y*
- 0.92%
- 10Y*
- 1.98%
- ALL TIME*
- 3.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BAGIX vs. BIMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Institutional Class | -0.31% | 7.37% | 1.85% | 6.42% | -13.35% | -1.46% | 8.63% | 9.48% | -0.31% | 4.20% |
BIMIX Baird Intermediate Bond Fund Class Institutional | -0.46% | 6.69% | 3.45% | 5.78% | -8.64% | -1.41% | 7.42% | 7.05% | 0.58% | 2.74% |
Correlation
The correlation between BAGIX and BIMIX is 0.91, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.91 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2000 | 0.92 |
The correlation between BAGIX and BIMIX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
BAGIX vs. BIMIX — Risk / Return Rank
BAGIX
BIMIX
BAGIX vs. BIMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund Institutional Class (BAGIX) and Baird Intermediate Bond Fund Class Institutional (BIMIX). 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 | BIMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.16 | ||
| Sortino ratioReturn per unit of downside risk | -0.20 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.18 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.17 | -0.05 |
| Martin ratioReturn relative to average drawdown | 2.78 | 2.59 | +0.18 |
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Drawdowns
BAGIX vs. BIMIX - Drawdown Comparison
The maximum BAGIX drawdown since its inception was -18.62%, which is greater than BIMIX's maximum drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for BAGIX and BIMIX.
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Drawdown Indicators
| BAGIX | BIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.62% | -12.76% | -5.86% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -2.08% | -0.64% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -2.36% | -2.70% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -12.68% | -5.92% |
Max Drawdown (10Y)Largest decline over 10 years | -18.62% | -12.76% | -5.86% |
Current DrawdownCurrent decline from peak | -2.08% | -1.72% | -0.36% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -1.48% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 0.93% | +0.16% |
Volatility
BAGIX vs. BIMIX - Volatility Comparison
Baird Aggregate Bond Fund Institutional Class (BAGIX) has a higher volatility of 0.98% compared to Baird Intermediate Bond Fund Class Institutional (BIMIX) at 0.68%. This indicates that BAGIX's price experiences larger fluctuations and is considered to be riskier than BIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAGIX | BIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 0.68% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 1.94% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 2.49% | +1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 3.90% | +2.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 3.26% | +1.63% |
BAGIX vs. BIMIX - Expense Ratio Comparison
Both BAGIX and BIMIX have an expense ratio of 0.30%.
Dividends
BAGIX vs. BIMIX - Dividend Comparison
BAGIX's dividend yield for the trailing twelve months is around 4.31%, more than BIMIX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Institutional Class | 4.31% | 4.12% | 4.03% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.25% | 2.46% |
BIMIX Baird Intermediate Bond Fund Class Institutional | 3.41% | 3.67% | 3.89% | 3.21% | 2.17% | 2.27% | 3.49% | 2.52% | 2.50% | 2.35% | 2.21% | 2.57% |
Frequently Asked Questions
With a correlation of 0.91, BAGIX and BIMIX 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 (0.98%) compared to BIMIX (0.68%). In terms of maximum drawdown, BAGIX dropped -18.62% vs BIMIX's -12.76%.
BIMIX currently has the higher Sharpe Ratio (0.98 vs 0.82), 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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