BAGSX vs. BIV
Compare and contrast key facts about Baird Aggregate Bond Fund (BAGSX) and Vanguard Intermediate-Term Bond Index ETF (BIV).
BAGSX is managed by Baird. It was launched on Sep 29, 2000. BIV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. It was launched on Apr 3, 2007.
Performance
BAGSX vs. BIV - Performance Comparison
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BAGSX vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAGSX Baird Aggregate Bond Fund | -0.31% | 7.11% | 1.63% | 6.12% | -13.52% | -1.74% | 8.42% | 9.17% | -0.55% | 3.90% |
BIV Vanguard Intermediate-Term Bond Index ETF | -0.23% | 8.52% | 1.57% | 6.07% | -13.21% | -2.40% | 9.67% | 10.34% | -0.19% | 3.65% |
Returns By Period
In the year-to-date period, BAGSX achieves a -0.31% return, which is significantly lower than BIV's -0.23% return. Over the past 10 years, BAGSX has underperformed BIV with an annualized return of 1.81%, while BIV has yielded a comparatively higher 2.04% annualized return.
BAGSX
- 1D
- 0.59%
- 1M
- -2.07%
- YTD
- -0.31%
- 6M
- 0.69%
- 1Y
- 4.01%
- 3Y*
- 3.80%
- 5Y*
- 0.26%
- 10Y*
- 1.81%
BIV
- 1D
- 0.32%
- 1M
- -2.03%
- YTD
- -0.23%
- 6M
- 0.87%
- 1Y
- 4.99%
- 3Y*
- 3.99%
- 5Y*
- 0.54%
- 10Y*
- 2.04%
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BAGSX vs. BIV - Expense Ratio Comparison
BAGSX has a 0.55% expense ratio, which is higher than BIV's 0.03% expense ratio.
Return for Risk
BAGSX vs. BIV — Risk / Return Rank
BAGSX
BIV
BAGSX vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund (BAGSX) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.
| BAGSX | BIV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 1.10 | -0.11 |
Sortino ratioReturn per unit of downside risk | 1.42 | 1.59 | -0.17 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.82 | -0.03 |
Martin ratioReturn relative to average drawdown | 5.16 | 5.87 | -0.72 |
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
| BAGSX | BIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 1.10 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.09 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | 0.37 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.92 | 0.65 | +0.27 |
Correlation
The correlation between BAGSX and BIV is 0.89, 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.
Dividends
BAGSX vs. BIV - Dividend Comparison
BAGSX's dividend yield for the trailing twelve months is around 3.76%, less than BIV's 4.10% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGSX Baird Aggregate Bond Fund | 3.76% | 3.69% | 3.62% | 3.10% | 2.33% | 1.68% | 3.02% | 2.41% | 2.53% | 2.21% | 1.96% | 2.14% |
BIV Vanguard Intermediate-Term Bond Index ETF | 3.76% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
Drawdowns
BAGSX vs. BIV - Drawdown Comparison
The maximum BAGSX drawdown since its inception was -18.97%, roughly equal to the maximum BIV drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for BAGSX and BIV.
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Drawdown Indicators
| BAGSX | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.97% | -18.95% | -0.02% |
Max Drawdown (1Y)Largest decline over 1 year | -2.64% | -2.87% | +0.23% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -18.74% | -0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -18.97% | -18.95% | -0.02% |
Current DrawdownCurrent decline from peak | -2.14% | -2.03% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -2.53% | -3.40% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.89% | +0.03% |
Volatility
BAGSX vs. BIV - Volatility Comparison
The current volatility for Baird Aggregate Bond Fund (BAGSX) is 1.64%, while Vanguard Intermediate-Term Bond Index ETF (BIV) has a volatility of 1.77%. This indicates that BAGSX experiences smaller price fluctuations and is considered to be less risky than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAGSX | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.64% | 1.77% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 2.56% | 2.74% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.27% | 4.55% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.91% | 6.39% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 5.50% | -0.61% |