BAGSX vs. BIMSX
BAGSX (Baird Aggregate Bond Fund) and BIMSX (Baird Intermediate Bond Fund) are both Intermediate Core Bond funds from Baird. Over the past 10 years, BAGSX returned 1.72%/yr vs 1.94%/yr for BIMSX. Their correlation of 0.92 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.
Performance
BAGSX vs. BIMSX - Performance Comparison
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Returns By Period
In the year-to-date period, BAGSX achieves a 0.50% return, which is significantly higher than BIMSX's 0.09% return. Over the past 10 years, BAGSX has underperformed BIMSX with an annualized return of 1.72%, while BIMSX has yielded a comparatively higher 1.94% annualized return.
BAGSX
- 1D
- 0.29%
- 1M
- 1.02%
- YTD
- 0.50%
- 6M
- 0.71%
- 1Y
- 4.66%
- 3Y*
- 4.32%
- 5Y*
- 0.03%
- 10Y*
- 1.72%
BIMSX
- 1D
- 0.09%
- 1M
- 0.41%
- YTD
- 0.09%
- 6M
- 0.26%
- 1Y
- 3.53%
- 3Y*
- 4.59%
- 5Y*
- 1.05%
- 10Y*
- 1.94%
BAGSX vs. BIMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAGSX Baird Aggregate Bond Fund | 0.50% | 7.11% | 1.63% | 6.12% | -13.52% | -1.74% | 8.42% | 9.17% | -0.55% | 3.90% |
BIMSX Baird Intermediate Bond Fund | 0.09% | 6.76% | 3.21% | 5.53% | -8.88% | -1.68% | 7.16% | 6.83% | 0.30% | 2.53% |
Correlation
The correlation between BAGSX and BIMSX is 0.89, 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 | 0.89 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2000 | 0.92 |
The correlation between BAGSX and BIMSX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
BAGSX vs. BIMSX — Risk / Return Rank
BAGSX
BIMSX
BAGSX vs. BIMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund (BAGSX) and Baird Intermediate Bond Fund (BIMSX). 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.
| BAGSX | BIMSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.27 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.95 | -0.30 |
| Martin ratioReturn relative to average drawdown | 4.59 | 5.63 | -1.04 |
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Drawdowns
BAGSX vs. BIMSX - Drawdown Comparison
The maximum BAGSX drawdown since its inception was -18.97%, which is greater than BIMSX's maximum drawdown of -13.07%. Use the drawdown chart below to compare losses from any high point for BAGSX and BIMSX.
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Drawdown Indicators
| BAGSX | BIMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.97% | -13.07% | -5.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -1.87% | -0.97% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | -2.57% | -3.60% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -13.00% | -5.84% |
Max Drawdown (10Y)Largest decline over 10 years | -18.97% | -13.07% | -5.90% |
Current DrawdownCurrent decline from peak | -1.34% | -1.07% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -1.59% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.65% | +0.37% |
Volatility
BAGSX vs. BIMSX - Volatility Comparison
Baird Aggregate Bond Fund (BAGSX) has a higher volatility of 1.18% compared to Baird Intermediate Bond Fund (BIMSX) at 0.86%. This indicates that BAGSX's price experiences larger fluctuations and is considered to be riskier than BIMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAGSX | BIMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 0.86% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 1.86% | +0.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 2.50% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 3.88% | +2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 3.25% | +1.65% |
BAGSX vs. BIMSX - Expense Ratio Comparison
Both BAGSX and BIMSX have an expense ratio of 0.55%.
Dividends
BAGSX vs. BIMSX - Dividend Comparison
BAGSX's dividend yield for the trailing twelve months is around 3.79%, more than BIMSX's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGSX Baird Aggregate Bond Fund | 3.79% | 3.69% | 3.62% | 3.10% | 2.33% | 1.68% | 3.02% | 2.41% | 2.53% | 2.21% | 1.96% | 2.14% |
BIMSX Baird Intermediate Bond Fund | 3.60% | 3.50% | 3.44% | 2.81% | 1.81% | 1.90% | 3.08% | 2.16% | 2.14% | 1.98% | 1.89% | 2.21% |
Frequently Asked Questions
BAGSX and BIMSX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAGSX has higher volatility (1.18%) compared to BIMSX (0.86%). In terms of maximum drawdown, BAGSX dropped -18.97% vs BIMSX's -13.07%.
BIMSX currently has the higher Sharpe Ratio (1.46 vs 1.26), 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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