BAGIX vs. OPIGX
BAGIX (Baird Aggregate Bond Fund Class I) and OPIGX (Invesco Core Bond Fund) are both mutual funds - BAGIX is a Total Bond Market fund managed by Baird, while OPIGX is a Intermediate Core Bond fund managed by Invesco. Over the past 10 years, BAGIX returned 1.72%/yr vs 1.16%/yr for OPIGX. Their correlation of 0.85 means they have usually moved in the same direction. BAGIX charges 0.30%/yr vs 0.71%/yr for OPIGX.
Performance
BAGIX vs. OPIGX - Performance Comparison
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Returns By Period
In the year-to-date period, BAGIX achieves a -0.31% return, which is significantly higher than OPIGX's -1.48% return. Over the past 10 years, BAGIX has outperformed OPIGX with an annualized return of 1.72%, while OPIGX has yielded a comparatively lower 1.16% annualized return.
BAGIX
- 1D
- 0.00%
- 1M
- -0.86%
- 6M
- -0.50%
- YTD
- -0.31%
- 1Y
- 2.19%
- 3Y*
- 4.25%
- 5Y*
- -0.13%
- 10Y*
- 1.72%
- ALL TIME*
- 4.13%
OPIGX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -1.48%
- YTD
- -1.48%
- 1Y
- 0.08%
- 3Y*
- 2.92%
- 5Y*
- -1.29%
- 10Y*
- 1.16%
- ALL TIME*
- 3.01%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BAGIX vs. OPIGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Class I | -0.31% | 7.37% | 1.85% | 6.42% | -13.35% | -1.46% | 8.63% | 9.48% | -0.31% | 4.20% |
OPIGX Invesco Core Bond Fund | -1.48% | 5.83% | 1.81% | 4.55% | -14.37% | -1.58% | 9.23% | 9.51% | -1.11% | 4.29% |
Correlation
The correlation between BAGIX and OPIGX is 0.87, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2000 | 0.85 |
The correlation between BAGIX and OPIGX has been stable across timeframes, ranging from 0.85 to 0.93 - a consistent structural relationship.
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Return for Risk
BAGIX vs. OPIGX — Risk / Return Rank
BAGIX
OPIGX
BAGIX vs. OPIGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund Class I (BAGIX) and Invesco Core Bond Fund (OPIGX). 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 | OPIGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.06 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.53 | +0.59 |
| Martin ratioReturn relative to average drawdown | 2.78 | 1.14 | +1.63 |
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Drawdowns
BAGIX vs. OPIGX - Drawdown Comparison
The maximum BAGIX drawdown since its inception was -18.62%, smaller than the maximum OPIGX drawdown of -46.78%. Use the drawdown chart below to compare losses from any high point for BAGIX and OPIGX.
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Drawdown Indicators
| BAGIX | OPIGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.62% | -46.78% | +28.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.72% | -2.80% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -5.06% | -5.70% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -19.93% | +1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -18.62% | -19.96% | +1.34% |
Current DrawdownCurrent decline from peak | -2.08% | -6.46% | +4.38% |
Average DrawdownAverage peak-to-trough decline | -2.35% | -6.06% | +3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.09% | 1.25% | -0.16% |
Volatility
BAGIX vs. OPIGX - Volatility Comparison
Baird Aggregate Bond Fund Class I (BAGIX) and Invesco Core Bond Fund (OPIGX) have volatilities of 0.98% and 1.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAGIX | OPIGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.98% | 1.02% | -0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | 3.10% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 4.17% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 6.03% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 4.97% | -0.08% |
BAGIX vs. OPIGX - Expense Ratio Comparison
BAGIX has a 0.30% expense ratio, which is lower than OPIGX's 0.71% expense ratio.
Dividends
BAGIX vs. OPIGX - Dividend Comparison
BAGIX's dividend yield for the trailing twelve months is around 4.31%, more than OPIGX's 2.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Class I | 4.31% | 4.12% | 4.03% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.25% | 2.46% |
OPIGX Invesco Core Bond Fund | 2.44% | 3.51% | 4.13% | 3.53% | 2.61% | 1.75% | 8.30% | 3.12% | 3.22% | 2.73% | 2.46% | 3.21% |
Frequently Asked Questions
BAGIX and OPIGX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
OPIGX has higher volatility (1.02%) compared to BAGIX (0.98%). In terms of maximum drawdown, BAGIX dropped -18.62% vs OPIGX's -46.78%.
BAGIX currently has the higher Sharpe Ratio (0.82 vs 0.36), 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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