BAGSX vs. BMDSX
BAGSX (Baird Aggregate Bond Fund) and BMDSX (Baird Mid Cap Growth Fund) are both mutual funds - BAGSX is a Intermediate Core Bond fund managed by Baird, while BMDSX is a Mid Cap Growth Equities fund managed by Baird. Over the past 10 years, BAGSX returned 1.56%/yr vs 8.80%/yr for BMDSX. At a correlation of -0.14, they often move in opposite directions. BAGSX charges 0.55%/yr vs 1.05%/yr for BMDSX.
Performance
BAGSX vs. BMDSX - Performance Comparison
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Returns By Period
In the year-to-date period, BAGSX achieves a 0.01% return, which is significantly lower than BMDSX's 8.05% return. Over the past 10 years, BAGSX has underperformed BMDSX with an annualized return of 1.56%, while BMDSX has yielded a comparatively higher 8.80% annualized return.
BAGSX
- 1D
- -0.10%
- 1M
- -0.29%
- 6M
- -0.08%
- YTD
- 0.01%
- 1Y
- 3.94%
- 3Y*
- 4.45%
- 5Y*
- -0.13%
- 10Y*
- 1.56%
BMDSX
- 1D
- 0.33%
- 1M
- -0.05%
- 6M
- 3.46%
- YTD
- 8.05%
- 1Y
- 0.67%
- 3Y*
- -0.32%
- 5Y*
- -1.82%
- 10Y*
- 8.80%
BAGSX vs. BMDSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAGSX Baird Aggregate Bond Fund | 0.01% | 7.11% | 1.63% | 6.12% | -13.52% | -1.74% | 8.42% | 9.17% | -0.55% | 3.90% |
BMDSX Baird Mid Cap Growth Fund | 8.05% | -9.55% | -1.16% | 19.91% | -27.86% | 21.81% | 34.56% | 35.94% | -1.52% | 26.61% |
Correlation
The correlation between BAGSX and BMDSX is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.21 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2000 | -0.14 |
The correlation between BAGSX and BMDSX shifts across timeframes, from -0.14 (all time) to 0.39 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BAGSX vs. BMDSX — Risk / Return Rank
BAGSX
BMDSX
BAGSX vs. BMDSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Aggregate Bond Fund (BAGSX) and Baird Mid Cap Growth Fund (BMDSX). 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 | BMDSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.96 | ||
| Sortino ratioReturn per unit of downside risk | +1.31 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.01 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.21 | -0.04 | +1.26 |
| Martin ratioReturn relative to average drawdown | 3.26 | -0.09 | +3.35 |
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Drawdowns
BAGSX vs. BMDSX - Drawdown Comparison
The maximum BAGSX drawdown since its inception was -18.97%, smaller than the maximum BMDSX drawdown of -53.96%. Use the drawdown chart below to compare losses from any high point for BAGSX and BMDSX.
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Drawdown Indicators
| BAGSX | BMDSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.97% | -53.96% | +34.99% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | -14.54% | +11.70% |
Max Drawdown (3Y)Largest decline over 3 years | -6.17% | -25.04% | +18.87% |
Max Drawdown (5Y)Largest decline over 5 years | -18.84% | -36.24% | +17.40% |
Max Drawdown (10Y)Largest decline over 10 years | -18.97% | -36.24% | +17.27% |
Current DrawdownCurrent decline from peak | -1.82% | -19.61% | +17.79% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -10.98% | +8.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.06% | 6.83% | -5.77% |
Volatility
BAGSX vs. BMDSX - Volatility Comparison
The current volatility for Baird Aggregate Bond Fund (BAGSX) is 1.23%, while Baird Mid Cap Growth Fund (BMDSX) has a volatility of 4.62%. This indicates that BAGSX experiences smaller price fluctuations and is considered to be less risky than BMDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAGSX | BMDSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.23% | 4.62% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 2.86% | 11.94% | -9.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 15.54% | -11.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 21.08% | -15.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 20.75% | -15.85% |
BAGSX vs. BMDSX - Expense Ratio Comparison
BAGSX has a 0.55% expense ratio, which is lower than BMDSX's 1.05% expense ratio.
Dividends
BAGSX vs. BMDSX - Dividend Comparison
BAGSX's dividend yield for the trailing twelve months is around 3.82%, less than BMDSX's 12.85% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGSX Baird Aggregate Bond Fund | 3.82% | 3.69% | 3.62% | 3.10% | 2.33% | 1.68% | 3.02% | 2.41% | 2.53% | 2.21% | 1.96% | 2.14% |
BMDSX Baird Mid Cap Growth Fund | 12.85% | 13.88% | 4.57% | 2.44% | 1.79% | 17.82% | 10.09% | 5.77% | 6.62% | 4.87% | 0.00% | 0.15% |
Frequently Asked Questions
BAGSX and BMDSX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMDSX has higher volatility (4.62%) compared to BAGSX (1.23%). In terms of maximum drawdown, BAGSX dropped -18.97% vs BMDSX's -53.96%.
BAGSX currently has the higher Sharpe Ratio (0.92 vs -0.04), 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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