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BAGIX vs. FBALX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

BAGIX vs. FBALX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baird Aggregate Bond Fund Class I (BAGIX) and Fidelity Balanced Fund (FBALX). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
3.44%
8.75%
BAGIX
FBALX

Returns By Period

In the year-to-date period, BAGIX achieves a 2.13% return, which is significantly lower than FBALX's 16.87% return. Over the past 10 years, BAGIX has underperformed FBALX with an annualized return of 1.72%, while FBALX has yielded a comparatively higher 9.67% annualized return.


BAGIX

YTD

2.13%

1M

-0.79%

6M

3.12%

1Y

7.16%

5Y (annualized)

-0.04%

10Y (annualized)

1.72%

FBALX

YTD

16.87%

1M

0.67%

6M

8.26%

1Y

22.61%

5Y (annualized)

11.48%

10Y (annualized)

9.67%

Key characteristics


BAGIXFBALX
Sharpe Ratio1.272.62
Sortino Ratio1.873.69
Omega Ratio1.231.49
Calmar Ratio0.503.36
Martin Ratio4.4117.07
Ulcer Index1.65%1.32%
Daily Std Dev5.71%8.58%
Max Drawdown-19.44%-42.81%
Current Drawdown-8.15%-1.08%

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BAGIX vs. FBALX - Expense Ratio Comparison

BAGIX has a 0.30% expense ratio, which is lower than FBALX's 0.51% expense ratio.


FBALX
Fidelity Balanced Fund
Expense ratio chart for FBALX: current value at 0.51% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.51%
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

-0.50.00.51.0-0.1

The correlation between BAGIX and FBALX is -0.09. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Risk-Adjusted Performance

BAGIX vs. FBALX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund Class I (BAGIX) and Fidelity Balanced Fund (FBALX). 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 1.27, compared to the broader market-1.000.001.002.003.004.005.001.272.62
The chart of Sortino ratio for BAGIX, currently valued at 1.87, compared to the broader market0.005.0010.001.873.69
The chart of Omega ratio for BAGIX, currently valued at 1.23, compared to the broader market1.002.003.004.001.231.49
The chart of Calmar ratio for BAGIX, currently valued at 0.50, compared to the broader market0.005.0010.0015.0020.0025.000.503.36
The chart of Martin ratio for BAGIX, currently valued at 4.41, compared to the broader market0.0020.0040.0060.0080.00100.004.4117.07
BAGIX
FBALX

The current BAGIX Sharpe Ratio is 1.27, which is lower than the FBALX Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of BAGIX and FBALX, 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
1.27
2.62
BAGIX
FBALX

Dividends

BAGIX vs. FBALX - Dividend Comparison

BAGIX's dividend yield for the trailing twelve months is around 3.90%, more than FBALX's 1.77% 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%
FBALX
Fidelity Balanced Fund
1.77%1.70%1.47%0.88%1.29%1.70%1.85%1.58%1.61%7.96%10.55%7.31%

Drawdowns

BAGIX vs. FBALX - Drawdown Comparison

The maximum BAGIX drawdown since its inception was -19.44%, smaller than the maximum FBALX drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for BAGIX and FBALX. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-8.15%
-1.08%
BAGIX
FBALX

Volatility

BAGIX vs. FBALX - Volatility Comparison

The current volatility for Baird Aggregate Bond Fund Class I (BAGIX) is 1.53%, while Fidelity Balanced Fund (FBALX) has a volatility of 2.78%. This indicates that BAGIX experiences smaller price fluctuations and is considered to be less risky than FBALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


1.00%1.50%2.00%2.50%3.00%3.50%4.00%4.50%JuneJulyAugustSeptemberOctoberNovember
1.53%
2.78%
BAGIX
FBALX