BAGIX vs. IDEV
BAGIX (Baird Aggregate Bond Fund Class I) and IDEV (iShares Core MSCI International Developed Markets ETF) are both funds - BAGIX is a Total Bond Market fund managed by Baird, while IDEV is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index. Over the past 5 years, BAGIX returned 0.29%/yr vs 8.52%/yr for IDEV. At a 0.08 correlation, their price movements are largely independent. BAGIX charges 0.30%/yr vs 0.05%/yr for IDEV.
Performance
BAGIX vs. IDEV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BAGIX achieves a 0.53% return, which is significantly lower than IDEV's 9.59% return.
BAGIX
- 1D
- 0.51%
- 1M
- 1.19%
- YTD
- 0.53%
- 6M
- 1.08%
- 1Y
- 5.04%
- 3Y*
- 4.52%
- 5Y*
- 0.29%
- 10Y*
- 1.94%
IDEV
- 1D
- 0.42%
- 1M
- 1.14%
- YTD
- 9.59%
- 6M
- 11.02%
- 1Y
- 23.58%
- 3Y*
- 17.03%
- 5Y*
- 8.52%
- 10Y*
- —
BAGIX vs. IDEV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Class I | 0.53% | 7.37% | 1.85% | 6.42% | -13.35% | -1.46% | 8.63% | 9.48% | -0.31% | 3.23% |
IDEV iShares Core MSCI International Developed Markets ETF | 9.59% | 32.56% | 4.54% | 17.36% | -14.99% | 13.00% | 8.32% | 23.12% | -14.10% | 17.43% |
Correlation
The correlation between BAGIX and IDEV is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2017 | 0.08 |
Over the past year, BAGIX and IDEV have become more correlated (0.44) than their long-term average of 0.08, meaning their price movements have been converging.
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. IDEV — Risk / Return Rank
BAGIX
IDEV
BAGIX vs. IDEV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund Class I (BAGIX) and iShares Core MSCI International Developed Markets ETF (IDEV). 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 | IDEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.27 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 1.99 | -0.13 |
| Martin ratioReturn relative to average drawdown | 5.32 | 7.76 | -2.44 |
Loading charts...
Drawdowns
BAGIX vs. IDEV - Drawdown Comparison
The maximum BAGIX drawdown since its inception was -18.62%, smaller than the maximum IDEV drawdown of -34.77%. Use the drawdown chart below to compare losses from any high point for BAGIX and IDEV.
Loading charts...
Drawdown Indicators
| BAGIX | IDEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.62% | -34.77% | +16.15% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -11.20% | +8.48% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -13.41% | +7.36% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -29.15% | +10.55% |
Max Drawdown (10Y)Largest decline over 10 years | -18.62% | — | — |
Current DrawdownCurrent decline from peak | -1.26% | -0.37% | -0.89% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -6.55% | +4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 2.87% | -1.92% |
Volatility
BAGIX vs. IDEV - Volatility Comparison
The current volatility for Baird Aggregate Bond Fund Class I (BAGIX) is 1.26%, while iShares Core MSCI International Developed Markets ETF (IDEV) has a volatility of 5.30%. This indicates that BAGIX experiences smaller price fluctuations and is considered to be less risky than IDEV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BAGIX | IDEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.26% | 5.30% | -4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 12.73% | -10.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.75% | 15.07% | -11.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 16.35% | -10.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 17.29% | -12.40% |
BAGIX vs. IDEV - Expense Ratio Comparison
BAGIX has a 0.30% expense ratio, which is higher than IDEV's 0.05% expense ratio.
Dividends
BAGIX vs. IDEV - Dividend Comparison
BAGIX's dividend yield for the trailing twelve months is around 4.23%, more than IDEV's 3.11% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Class I | 4.23% | 4.12% | 4.03% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.25% | 2.46% |
IDEV iShares Core MSCI International Developed Markets ETF | 3.11% | 3.40% | 3.30% | 3.07% | 2.69% | 3.05% | 2.00% | 3.18% | 3.16% | 1.54% | 0.00% | 0.00% |
Frequently Asked Questions
BAGIX and IDEV have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDEV has higher volatility (5.30%) compared to BAGIX (1.26%). In terms of maximum drawdown, BAGIX dropped -18.62% vs IDEV's -34.77%.
IDEV currently has the higher Sharpe Ratio (1.48 vs 1.35), 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 IDEV
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