BAGIX vs. GNMA
Compare and contrast key facts about Baird Aggregate Bond Fund Class I (BAGIX) and iShares GNMA Bond ETF (GNMA).
BAGIX is managed by Baird. It was launched on Sep 29, 2000. GNMA is a passively managed fund by iShares that tracks the performance of the Barclays Capital GNMA Index. It was launched on Feb 14, 2012.
Performance
BAGIX vs. GNMA - Performance Comparison
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BAGIX vs. GNMA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Class I | -0.06% | 7.37% | 1.85% | 6.42% | -13.35% | -1.46% | 8.63% | 9.48% | -0.31% | 4.20% |
GNMA iShares GNMA Bond ETF | 0.45% | 8.25% | 1.07% | 5.34% | -10.83% | -1.86% | 3.51% | 5.85% | 0.85% | 1.74% |
Returns By Period
In the year-to-date period, BAGIX achieves a -0.06% return, which is significantly lower than GNMA's 0.45% return. Over the past 10 years, BAGIX has outperformed GNMA with an annualized return of 2.07%, while GNMA has yielded a comparatively lower 1.27% annualized return.
BAGIX
- 1D
- 0.20%
- 1M
- -1.44%
- YTD
- -0.06%
- 6M
- 0.76%
- 1Y
- 4.14%
- 3Y*
- 4.12%
- 5Y*
- 0.47%
- 10Y*
- 2.07%
GNMA
- 1D
- 0.23%
- 1M
- -1.26%
- YTD
- 0.45%
- 6M
- 1.88%
- 1Y
- 5.35%
- 3Y*
- 4.05%
- 5Y*
- 0.45%
- 10Y*
- 1.27%
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BAGIX vs. GNMA - Expense Ratio Comparison
BAGIX has a 0.30% expense ratio, which is higher than GNMA's 0.15% expense ratio.
Return for Risk
BAGIX vs. GNMA — Risk / Return Rank
BAGIX
GNMA
BAGIX vs. GNMA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund Class I (BAGIX) and iShares GNMA Bond ETF (GNMA). 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.
| BAGIX | GNMA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.12 | -0.10 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.63 | -0.16 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.90 | -0.17 |
Martin ratioReturn relative to average drawdown | 5.08 | 5.64 | -0.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BAGIX | GNMA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.12 | -0.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.07 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.25 | +0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 0.25 | +0.73 |
Correlation
The correlation between BAGIX and GNMA is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BAGIX vs. GNMA - Dividend Comparison
BAGIX's dividend yield for the trailing twelve months is around 4.18%, which matches GNMA's 4.21% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Class I | 4.18% | 4.12% | 4.03% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.25% | 2.46% |
GNMA iShares GNMA Bond ETF | 4.21% | 4.19% | 4.15% | 3.43% | 2.01% | 0.64% | 1.89% | 2.61% | 2.41% | 2.15% | 1.89% | 1.50% |
Drawdowns
BAGIX vs. GNMA - Drawdown Comparison
The maximum BAGIX drawdown since its inception was -18.62%, which is greater than GNMA's maximum drawdown of -17.09%. Use the drawdown chart below to compare losses from any high point for BAGIX and GNMA.
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Drawdown Indicators
| BAGIX | GNMA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.62% | -17.09% | -1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -2.93% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -16.02% | -2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -18.62% | -17.09% | -1.53% |
Current DrawdownCurrent decline from peak | -1.84% | -1.52% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -3.69% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.99% | -0.09% |
Volatility
BAGIX vs. GNMA - Volatility Comparison
The current volatility for Baird Aggregate Bond Fund Class I (BAGIX) is 1.50%, while iShares GNMA Bond ETF (GNMA) has a volatility of 1.79%. This indicates that BAGIX experiences smaller price fluctuations and is considered to be less risky than GNMA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAGIX | GNMA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.79% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 2.76% | -0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 4.78% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.90% | 6.56% | -0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 5.11% | -0.23% |