BAGIX vs. MWTIX
BAGIX (Baird Aggregate Bond Fund Class I) and MWTIX (Metropolitan West Total Return Bond Fund Class I) are both Total Bond Market funds. Over the past 10 years, BAGIX returned 1.97%/yr vs 1.61%/yr for MWTIX. Their correlation of 0.87 suggests significant overlap in exposure. BAGIX charges 0.30%/yr vs 0.45%/yr for MWTIX.
Performance
BAGIX vs. MWTIX - Performance Comparison
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Returns By Period
In the year-to-date period, BAGIX achieves a 0.63% return, which is significantly higher than MWTIX's 0.24% return. Over the past 10 years, BAGIX has outperformed MWTIX with an annualized return of 1.97%, while MWTIX has yielded a comparatively lower 1.61% annualized return.
BAGIX
- 1D
- 0.31%
- 1M
- 0.98%
- YTD
- 0.63%
- 6M
- 0.88%
- 1Y
- 4.93%
- 3Y*
- 4.56%
- 5Y*
- 0.28%
- 10Y*
- 1.97%
MWTIX
- 1D
- 0.22%
- 1M
- 0.94%
- YTD
- 0.24%
- 6M
- 0.82%
- 1Y
- 4.92%
- 3Y*
- 3.98%
- 5Y*
- -0.53%
- 10Y*
- 1.61%
BAGIX vs. MWTIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Class I | 0.63% | 7.37% | 1.85% | 6.42% | -13.35% | -1.46% | 8.63% | 9.48% | -0.31% | 4.20% |
MWTIX Metropolitan West Total Return Bond Fund Class I | 0.24% | 7.51% | 0.77% | 6.02% | -15.49% | -1.32% | 9.00% | 9.10% | 0.36% | 3.43% |
Correlation
The correlation between BAGIX and MWTIX is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2000 | 0.87 |
The correlation between BAGIX and MWTIX has been stable across timeframes, ranging from 0.87 to 0.96 - a consistent structural relationship.
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Return for Risk
BAGIX vs. MWTIX — Risk / Return Rank
BAGIX
MWTIX
BAGIX vs. MWTIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund Class I (BAGIX) and Metropolitan West Total Return Bond Fund Class I (MWTIX). 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 | MWTIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.20 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.48 | +0.34 |
| Martin ratioReturn relative to average drawdown | 5.12 | 4.17 | +0.95 |
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Drawdowns
BAGIX vs. MWTIX - Drawdown Comparison
The maximum BAGIX drawdown since its inception was -18.62%, smaller than the maximum MWTIX drawdown of -20.58%. Use the drawdown chart below to compare losses from any high point for BAGIX and MWTIX.
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Drawdown Indicators
| BAGIX | MWTIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.62% | -20.58% | +1.96% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -3.34% | +0.62% |
Max Drawdown (3Y)Largest decline over 3 years | -6.05% | -7.09% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -20.51% | +1.91% |
Max Drawdown (10Y)Largest decline over 10 years | -18.62% | -20.58% | +1.96% |
Current DrawdownCurrent decline from peak | -1.16% | -3.98% | +2.82% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -2.78% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.96% | 1.18% | -0.22% |
Volatility
BAGIX vs. MWTIX - Volatility Comparison
The current volatility for Baird Aggregate Bond Fund Class I (BAGIX) is 1.14%, while Metropolitan West Total Return Bond Fund Class I (MWTIX) has a volatility of 1.32%. This indicates that BAGIX experiences smaller price fluctuations and is considered to be less risky than MWTIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAGIX | MWTIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.14% | 1.32% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 3.24% | -0.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.71% | 4.29% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.92% | 6.65% | -0.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 5.33% | -0.44% |
BAGIX vs. MWTIX - Expense Ratio Comparison
BAGIX has a 0.30% expense ratio, which is lower than MWTIX's 0.45% expense ratio.
Dividends
BAGIX vs. MWTIX - Dividend Comparison
BAGIX's dividend yield for the trailing twelve months is around 4.23%, more than MWTIX's 4.06% 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% |
MWTIX Metropolitan West Total Return Bond Fund Class I | 4.06% | 3.89% | 4.38% | 4.11% | 2.08% | 1.12% | 6.48% | 3.61% | 2.91% | 2.14% | 3.35% | 2.94% |
Frequently Asked Questions
With a correlation of 0.93, BAGIX and MWTIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
MWTIX has higher volatility (1.32%) compared to BAGIX (1.14%). In terms of maximum drawdown, BAGIX dropped -18.62% vs MWTIX's -20.58%.
BAGIX currently has the higher Sharpe Ratio (1.33 vs 1.15), 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.
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