BAGIX vs. BMDSX
BAGIX (Baird Aggregate Bond Fund Institutional Class) and BMDSX (Baird Mid Cap Growth Fund) are both mutual funds - BAGIX is a Intermediate Core Bond fund actively managed by Baird, while BMDSX is a Mid Cap Growth Equities fund managed by Baird. Over the past 10 years, BAGIX returned 1.72%/yr vs 8.65%/yr for BMDSX. Their -0.14 correlation means they have often moved in opposite directions in the past. BAGIX charges 0.30%/yr vs 1.05%/yr for BMDSX.
Performance
BAGIX vs. BMDSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BAGIX achieves a -0.31% return, which is significantly lower than BMDSX's 7.10% return. Over the past 10 years, BAGIX has underperformed BMDSX with an annualized return of 1.72%, while BMDSX has yielded a comparatively higher 8.65% 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%
BMDSX
- 1D
- -0.33%
- 1M
- -1.68%
- 6M
- 4.81%
- YTD
- 7.10%
- 1Y
- -0.79%
- 3Y*
- -0.95%
- 5Y*
- -2.59%
- 10Y*
- 8.65%
- ALL TIME*
- 7.14%
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. BMDSX - 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% |
BMDSX Baird Mid Cap Growth Fund | 7.10% | -9.55% | -1.16% | 19.91% | -27.86% | 21.81% | 34.56% | 35.94% | -1.52% | 26.61% |
Correlation
The correlation between BAGIX and BMDSX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2000 | -0.14 |
The correlation between BAGIX and BMDSX shifts across timeframes, from -0.14 (all time) to 0.41 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BAGIX vs. BMDSX — Risk / Return Rank
BAGIX
BMDSX
BAGIX vs. BMDSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund Institutional Class (BAGIX) and Baird Mid Cap Growth Fund (BMDSX). 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 | BMDSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.42 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.98 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | -0.26 | +1.37 |
| Martin ratioReturn relative to average drawdown | 2.78 | -0.60 | +3.37 |
Loading charts...
Drawdowns
BAGIX vs. BMDSX - Drawdown Comparison
The maximum BAGIX drawdown since its inception was -18.62%, smaller than the maximum BMDSX drawdown of -53.96%. Use the drawdown chart below to compare losses from any high point for BAGIX and BMDSX.
Loading charts...
Drawdown Indicators
| BAGIX | BMDSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.62% | -53.96% | +35.34% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -13.32% | +10.60% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -25.04% | +19.98% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -36.24% | +17.64% |
Max Drawdown (10Y)Largest decline over 10 years | -18.62% | -36.24% | +17.62% |
Current DrawdownCurrent decline from peak | -2.08% | -20.32% | +18.24% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -11.00% | +8.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 6.84% | -5.75% |
Volatility
BAGIX vs. BMDSX - Volatility Comparison
The current volatility for Baird Aggregate Bond Fund Institutional Class (BAGIX) is 0.98%, while Baird Mid Cap Growth Fund (BMDSX) has a volatility of 3.29%. This indicates that BAGIX experiences smaller price fluctuations and is considered to be less risky than BMDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BAGIX | BMDSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 3.29% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 11.90% | -9.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 15.52% | -11.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 21.07% | -15.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 20.76% | -15.87% |
BAGIX vs. BMDSX - Expense Ratio Comparison
BAGIX has a 0.30% expense ratio, which is lower than BMDSX's 1.05% expense ratio.
Dividends
BAGIX vs. BMDSX - Dividend Comparison
BAGIX's dividend yield for the trailing twelve months is around 4.31%, less than BMDSX's 12.96% 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% |
BMDSX Baird Mid Cap Growth Fund | 12.96% | 13.88% | 4.57% | 2.44% | 1.79% | 17.82% | 10.09% | 5.77% | 6.62% | 4.87% | 0.00% | 0.15% |
Frequently Asked Questions
BAGIX and BMDSX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMDSX has higher volatility (3.29%) compared to BAGIX (0.98%). In terms of maximum drawdown, BAGIX dropped -18.62% vs BMDSX's -53.96%.
BAGIX currently has the higher Sharpe Ratio (0.82 vs -0.22), 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.
Find the right allocation for BAGIX and BMDSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer