BAGIX vs. BND
Compare and contrast key facts about Baird Aggregate Bond Fund Class I (BAGIX) and Vanguard Total Bond Market ETF (BND).
BAGIX is managed by Baird. It was launched on Sep 29, 2000. BND is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Aggregate Bond Index. It was launched on Apr 3, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BAGIX or BND.
Key characteristics
| BAGIX | BND | |
|---|---|---|
| YTD Return | -2.19% | -2.34% |
| 1Y Return | -0.08% | -1.01% |
| 3Y Return (Ann) | -3.05% | -3.33% |
| 5Y Return (Ann) | 0.44% | -0.02% |
| 10Y Return (Ann) | 1.66% | 1.21% |
| Sharpe Ratio | 0.05 | -0.09 |
| Daily Std Dev | 6.72% | 6.59% |
| Max Drawdown | -18.62% | -18.84% |
| Current Drawdown | -11.12% | -12.68% |
Correlation
The correlation between BAGIX and BND is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BAGIX vs. BND - Performance Comparison
In the year-to-date period, BAGIX achieves a -2.19% return, which is significantly higher than BND's -2.34% return. Over the past 10 years, BAGIX has outperformed BND with an annualized return of 1.66%, while BND has yielded a comparatively lower 1.21% 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. BND - Expense Ratio Comparison
BAGIX has a 0.30% expense ratio, which is higher than BND's 0.03% expense ratio.
Risk-Adjusted Performance
BAGIX vs. BND - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund Class I (BAGIX) and Vanguard Total Bond Market ETF (BND). 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. BND - Dividend Comparison
BAGIX's dividend yield for the trailing twelve months is around 3.75%, more than BND's 3.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Class I | 3.75% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.53% | 2.46% | 2.87% | 3.31% |
BND Vanguard Total Bond Market ETF | 3.40% | 3.09% | 2.60% | 1.97% | 2.22% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% | 2.79% | 2.78% |
Drawdowns
BAGIX vs. BND - Drawdown Comparison
The maximum BAGIX drawdown since its inception was -18.62%, roughly equal to the maximum BND drawdown of -18.84%. Use the drawdown chart below to compare losses from any high point for BAGIX and BND. For additional features, visit the drawdowns tool.
Volatility
BAGIX vs. BND - Volatility Comparison
Baird Aggregate Bond Fund Class I (BAGIX) has a higher volatility of 2.00% compared to Vanguard Total Bond Market ETF (BND) at 1.89%. This indicates that BAGIX's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.