BAGIX vs. SCHP
Compare and contrast key facts about Baird Aggregate Bond Fund Class I (BAGIX) and Schwab U.S. TIPS ETF (SCHP).
BAGIX is managed by Baird. It was launched on Sep 29, 2000. SCHP is a passively managed fund by Charles Schwab that tracks the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L). It was launched on Aug 5, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BAGIX or SCHP.
Key characteristics
| BAGIX | SCHP | |
|---|---|---|
| YTD Return | 2.66% | 3.02% |
| 1Y Return | 9.56% | 7.16% |
| 3Y Return (Ann) | -1.80% | -2.07% |
| 5Y Return (Ann) | 0.15% | 2.22% |
| 10Y Return (Ann) | 1.78% | 2.20% |
| Sharpe Ratio | 1.67 | 1.45 |
| Sortino Ratio | 2.47 | 2.16 |
| Omega Ratio | 1.30 | 1.26 |
| Calmar Ratio | 0.62 | 0.57 |
| Martin Ratio | 6.33 | 6.79 |
| Ulcer Index | 1.55% | 1.06% |
| Daily Std Dev | 5.89% | 5.00% |
| Max Drawdown | -19.44% | -14.26% |
| Current Drawdown | -7.67% | -6.34% |
Correlation
The correlation between BAGIX and SCHP is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BAGIX vs. SCHP - Performance Comparison
In the year-to-date period, BAGIX achieves a 2.66% return, which is significantly lower than SCHP's 3.02% return. Over the past 10 years, BAGIX has underperformed SCHP with an annualized return of 1.78%, while SCHP has yielded a comparatively higher 2.20% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BAGIX vs. SCHP - Expense Ratio Comparison
BAGIX has a 0.30% expense ratio, which is higher than SCHP's 0.05% expense ratio.
Risk-Adjusted Performance
BAGIX vs. SCHP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund Class I (BAGIX) and Schwab U.S. TIPS ETF (SCHP). 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.
Dividends
BAGIX vs. SCHP - Dividend Comparison
BAGIX's dividend yield for the trailing twelve months is around 3.88%, more than SCHP's 2.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Class I | 3.88% | 3.46% | 2.69% | 1.92% | 2.29% | 2.76% | 2.89% | 2.55% | 2.47% | 2.47% | 2.90% | 3.32% |
SCHP Schwab U.S. TIPS ETF | 2.82% | 3.02% | 7.19% | 4.39% | 1.11% | 2.02% | 2.63% | 1.90% | 1.38% | 0.28% | 1.30% | 0.67% |
Drawdowns
BAGIX vs. SCHP - Drawdown Comparison
The maximum BAGIX drawdown since its inception was -19.44%, which is greater than SCHP's maximum drawdown of -14.26%. Use the drawdown chart below to compare losses from any high point for BAGIX and SCHP. For additional features, visit the drawdowns tool.
Volatility
BAGIX vs. SCHP - Volatility Comparison
Baird Aggregate Bond Fund Class I (BAGIX) has a higher volatility of 1.66% compared to Schwab U.S. TIPS ETF (SCHP) at 1.18%. This indicates that BAGIX's price experiences larger fluctuations and is considered to be riskier than SCHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.