BCOIX vs. CGMS
BCOIX (Baird Core Plus Bond Fund) and CGMS (Capital Group U.S. Multi-Sector Income ETF) are both funds - BCOIX is a Intermediate Core-Plus Bond fund managed by Baird, while CGMS is a Multisector Bonds fund actively managed by Capital Group. Over the past 3 years, BCOIX returned 4.93%/yr vs 7.98%/yr for CGMS. A 0.76 correlation means they provide meaningful diversification when combined. BCOIX charges 0.30%/yr vs 0.39%/yr for CGMS.
Performance
BCOIX vs. CGMS - Performance Comparison
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Returns By Period
In the year-to-date period, BCOIX achieves a 0.64% return, which is significantly lower than CGMS's 1.51% return.
BCOIX
- 1D
- 0.20%
- 1M
- 0.97%
- YTD
- 0.64%
- 6M
- 0.87%
- 1Y
- 5.02%
- 3Y*
- 4.93%
- 5Y*
- 0.66%
- 10Y*
- 2.41%
CGMS
- 1D
- -0.22%
- 1M
- 0.34%
- YTD
- 1.51%
- 6M
- 1.68%
- 1Y
- 6.08%
- 3Y*
- 7.98%
- 5Y*
- —
- 10Y*
- —
BCOIX vs. CGMS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BCOIX Baird Core Plus Bond Fund | 0.64% | 7.47% | 2.54% | 6.89% | 3.60% |
CGMS Capital Group U.S. Multi-Sector Income ETF | 1.51% | 7.52% | 7.24% | 11.51% | 2.77% |
Correlation
The correlation between BCOIX and CGMS is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2022 | 0.76 |
The correlation between BCOIX and CGMS has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
BCOIX vs. CGMS — Risk / Return Rank
BCOIX
CGMS
BCOIX vs. CGMS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Core Plus Bond Fund (BCOIX) and Capital Group U.S. Multi-Sector Income ETF (CGMS). 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.
| BCOIX | CGMS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.54 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.95 | 2.47 | -0.52 |
| Martin ratioReturn relative to average drawdown | 5.51 | 10.95 | -5.44 |
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Drawdowns
BCOIX vs. CGMS - Drawdown Comparison
The maximum BCOIX drawdown since its inception was -18.13%, which is greater than CGMS's maximum drawdown of -4.08%. Use the drawdown chart below to compare losses from any high point for BCOIX and CGMS.
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Drawdown Indicators
| BCOIX | CGMS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.13% | -4.08% | -14.05% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -2.47% | -0.11% |
Max Drawdown (3Y)Largest decline over 3 years | -5.61% | -4.08% | -1.53% |
Max Drawdown (5Y)Largest decline over 5 years | -18.13% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -18.13% | — | — |
Current DrawdownCurrent decline from peak | -1.05% | -0.44% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -0.66% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | 0.56% | +0.35% |
Volatility
BCOIX vs. CGMS - Volatility Comparison
Baird Core Plus Bond Fund (BCOIX) and Capital Group U.S. Multi-Sector Income ETF (CGMS) have volatilities of 1.09% and 1.12%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCOIX | CGMS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.12% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.79% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.64% | 3.51% | +0.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 5.12% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 5.12% | -0.44% |
BCOIX vs. CGMS - Expense Ratio Comparison
BCOIX has a 0.30% expense ratio, which is lower than CGMS's 0.39% expense ratio.
Dividends
BCOIX vs. CGMS - Dividend Comparison
BCOIX's dividend yield for the trailing twelve months is around 4.34%, less than CGMS's 6.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCOIX Baird Core Plus Bond Fund | 4.34% | 4.21% | 4.13% | 3.58% | 3.10% | 2.96% | 3.51% | 2.96% | 3.13% | 2.83% | 3.01% | 2.84% |
CGMS Capital Group U.S. Multi-Sector Income ETF | 6.10% | 6.00% | 5.91% | 5.84% | 0.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BCOIX and CGMS have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CGMS has higher volatility (1.12%) compared to BCOIX (1.09%). In terms of maximum drawdown, BCOIX dropped -18.13% vs CGMS's -4.08%.
CGMS currently has the higher Sharpe Ratio (1.74 vs 1.38), 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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