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 1.48%/yr vs 8.65%/yr for BMDSX. Their -0.14 correlation means they have often moved in opposite directions in the past. 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 -0.44% return, which is significantly lower than BMDSX's 7.10% return. Over the past 10 years, BAGSX has underperformed BMDSX with an annualized return of 1.48%, while BMDSX has yielded a comparatively higher 8.65% annualized return.
BAGSX
- 1D
- 0.10%
- 1M
- -0.84%
- 6M
- -0.61%
- YTD
- -0.44%
- 1Y
- 2.04%
- 3Y*
- 3.99%
- 5Y*
- -0.36%
- 10Y*
- 1.48%
- ALL TIME*
- 3.90%
BMDSX
- 1D
- -0.33%
- 1M
- -1.68%
- 6M
- 4.81%
- YTD
- 7.10%
- 1Y
- -0.79%
- 3Y*
- -0.95%
- 5Y*
- -2.59%
- 10Y*
- 8.65%
- ALL TIME*
- 7.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BAGSX vs. BMDSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAGSX Baird Aggregate Bond Fund | -0.44% | 7.11% | 1.63% | 6.12% | -13.52% | -1.74% | 8.42% | 9.17% | -0.55% | 3.90% |
BMDSX Baird Mid Cap Growth Fund | 7.10% | -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 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 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 0.41 (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 | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 0.98 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.00 | -0.26 | +1.26 |
| Martin ratioReturn relative to average drawdown | 2.45 | -0.60 | +3.05 |
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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% | -13.32% | +10.48% |
Max Drawdown (3Y)Largest decline over 3 years | -5.11% | -25.04% | +19.93% |
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 | -2.26% | -20.32% | +18.06% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -11.00% | +8.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 6.84% | -5.68% |
Volatility
BAGSX vs. BMDSX - Volatility Comparison
The current volatility for Baird Aggregate Bond Fund (BAGSX) is 0.93%, while Baird Mid Cap Growth Fund (BMDSX) has a volatility of 3.29%. 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 | 0.93% | 3.29% | -2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 2.88% | 11.90% | -9.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.70% | 15.52% | -11.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.93% | 21.07% | -15.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.90% | 20.76% | -15.86% |
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 3.86%, less than BMDSX's 12.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGSX Baird Aggregate Bond Fund | 3.86% | 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 | 12.96% | 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 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMDSX has higher volatility (3.29%) compared to BAGSX (0.93%). In terms of maximum drawdown, BAGSX dropped -18.97% vs BMDSX's -53.96%.
BAGSX currently has the higher Sharpe Ratio (0.77 vs -0.22), 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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