BAGIX vs. PSRAX
Compare and contrast key facts about Baird Aggregate Bond Fund Class I (BAGIX) and Pioneer Strategic Income Fund (PSRAX).
BAGIX is managed by Baird. It was launched on Sep 29, 2000. PSRAX is managed by Amundi. It was launched on Apr 14, 1999.
Performance
BAGIX vs. PSRAX - Performance Comparison
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BAGIX vs. PSRAX - 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% |
PSRAX Pioneer Strategic Income Fund | -0.60% | 10.29% | 2.79% | 7.08% | -13.38% | 1.91% | 7.40% | 10.19% | -1.90% | 5.21% |
Returns By Period
In the year-to-date period, BAGIX achieves a -0.06% return, which is significantly higher than PSRAX's -0.60% return. Over the past 10 years, BAGIX has underperformed PSRAX with an annualized return of 2.07%, while PSRAX has yielded a comparatively higher 3.21% 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%
PSRAX
- 1D
- 0.31%
- 1M
- -2.11%
- YTD
- -0.60%
- 6M
- 0.49%
- 1Y
- 5.54%
- 3Y*
- 5.28%
- 5Y*
- 1.44%
- 10Y*
- 3.21%
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BAGIX vs. PSRAX - Expense Ratio Comparison
BAGIX has a 0.30% expense ratio, which is lower than PSRAX's 1.01% expense ratio.
Return for Risk
BAGIX vs. PSRAX — Risk / Return Rank
BAGIX
PSRAX
BAGIX vs. PSRAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund Class I (BAGIX) and Pioneer Strategic Income Fund (PSRAX). 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 | PSRAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.37 | -0.35 |
Sortino ratioReturn per unit of downside risk | 1.47 | 1.90 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.26 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.93 | -0.19 |
Martin ratioReturn relative to average drawdown | 5.08 | 6.83 | -1.76 |
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 | PSRAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.37 | -0.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.27 | -0.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.68 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.98 | 1.33 | -0.35 |
Correlation
The correlation between BAGIX and PSRAX is 0.66, 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. PSRAX - Dividend Comparison
BAGIX's dividend yield for the trailing twelve months is around 4.18%, less than PSRAX's 4.48% 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% |
PSRAX Pioneer Strategic Income Fund | 4.48% | 4.83% | 3.65% | 2.58% | 2.75% | 8.10% | 3.28% | 2.87% | 3.15% | 3.20% | 3.39% | 3.62% |
Drawdowns
BAGIX vs. PSRAX - Drawdown Comparison
The maximum BAGIX drawdown since its inception was -18.62%, roughly equal to the maximum PSRAX drawdown of -18.59%. Use the drawdown chart below to compare losses from any high point for BAGIX and PSRAX.
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Drawdown Indicators
| BAGIX | PSRAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.62% | -18.59% | -0.03% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -3.31% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -18.60% | -18.59% | -0.01% |
Max Drawdown (10Y)Largest decline over 10 years | -18.62% | -18.59% | -0.03% |
Current DrawdownCurrent decline from peak | -1.84% | -2.60% | +0.76% |
Average DrawdownAverage peak-to-trough decline | -2.36% | -2.23% | -0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 0.94% | -0.04% |
Volatility
BAGIX vs. PSRAX - Volatility Comparison
Baird Aggregate Bond Fund Class I (BAGIX) has a higher volatility of 1.50% compared to Pioneer Strategic Income Fund (PSRAX) at 1.40%. This indicates that BAGIX's price experiences larger fluctuations and is considered to be riskier than PSRAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAGIX | PSRAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.50% | 1.40% | +0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.49% | 2.29% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.28% | 4.32% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.90% | 5.35% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.88% | 4.73% | +0.15% |