BCOIX vs. VFIDX
BCOIX (Baird Core Plus Bond Fund) and VFIDX (Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares) are both mutual funds - BCOIX is a Intermediate Core-Plus Bond fund managed by Baird, while VFIDX is a Total Bond Market fund managed by Vanguard. Over the past 10 years, BCOIX returned 2.37%/yr vs 2.69%/yr for VFIDX. Their correlation of 0.89 suggests significant overlap in exposure. BCOIX charges 0.30%/yr vs 0.10%/yr for VFIDX.
Performance
BCOIX vs. VFIDX - Performance Comparison
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Returns By Period
In the year-to-date period, BCOIX achieves a 0.44% return, which is significantly higher than VFIDX's -0.15% return. Over the past 10 years, BCOIX has underperformed VFIDX with an annualized return of 2.37%, while VFIDX has yielded a comparatively higher 2.69% annualized return.
BCOIX
- 1D
- -0.20%
- 1M
- 0.77%
- YTD
- 0.44%
- 6M
- 0.67%
- 1Y
- 4.51%
- 3Y*
- 4.79%
- 5Y*
- 0.67%
- 10Y*
- 2.37%
VFIDX
- 1D
- -0.34%
- 1M
- 0.43%
- YTD
- -0.15%
- 6M
- 0.38%
- 1Y
- 5.18%
- 3Y*
- 6.09%
- 5Y*
- 1.20%
- 10Y*
- 2.69%
BCOIX vs. VFIDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCOIX Baird Core Plus Bond Fund | 0.44% | 7.47% | 2.54% | 6.89% | -12.86% | -1.02% | 8.80% | 10.11% | -0.52% | 4.65% |
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares | -0.15% | 9.67% | 3.29% | 8.63% | -13.77% | -1.51% | 10.44% | 10.50% | -0.44% | 4.28% |
Correlation
The correlation between BCOIX and VFIDX is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Feb 12, 2001 | 0.89 |
The correlation between BCOIX and VFIDX has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
BCOIX vs. VFIDX — Risk / Return Rank
BCOIX
VFIDX
BCOIX vs. VFIDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Core Plus Bond Fund (BCOIX) and Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX). 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 | VFIDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.23 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 1.63 | +0.24 |
| Martin ratioReturn relative to average drawdown | 5.27 | 5.33 | -0.06 |
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Drawdowns
BCOIX vs. VFIDX - Drawdown Comparison
The maximum BCOIX drawdown since its inception was -18.13%, smaller than the maximum VFIDX drawdown of -20.14%. Use the drawdown chart below to compare losses from any high point for BCOIX and VFIDX.
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Drawdown Indicators
| BCOIX | VFIDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.13% | -20.14% | +2.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -3.34% | +0.76% |
Max Drawdown (3Y)Largest decline over 3 years | -5.61% | -6.08% | +0.47% |
Max Drawdown (5Y)Largest decline over 5 years | -18.13% | -20.14% | +2.01% |
Max Drawdown (10Y)Largest decline over 10 years | -18.13% | -20.14% | +2.01% |
Current DrawdownCurrent decline from peak | -1.24% | -1.63% | +0.39% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -2.60% | +0.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 1.02% | -0.10% |
Volatility
BCOIX vs. VFIDX - Volatility Comparison
The current volatility for Baird Core Plus Bond Fund (BCOIX) is 1.03%, while Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares (VFIDX) has a volatility of 1.34%. This indicates that BCOIX experiences smaller price fluctuations and is considered to be less risky than VFIDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCOIX | VFIDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 1.34% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.73% | 3.25% | -0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 4.27% | -0.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.65% | 6.40% | -0.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.68% | 5.20% | -0.52% |
BCOIX vs. VFIDX - Expense Ratio Comparison
BCOIX has a 0.30% expense ratio, which is higher than VFIDX's 0.10% expense ratio.
Dividends
BCOIX vs. VFIDX - Dividend Comparison
BCOIX's dividend yield for the trailing twelve months is around 4.35%, less than VFIDX's 5.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCOIX Baird Core Plus Bond Fund | 4.35% | 4.21% | 4.13% | 3.58% | 3.10% | 2.96% | 3.51% | 2.96% | 3.13% | 2.83% | 3.01% | 2.84% |
VFIDX Vanguard Intermediate-Term Investment-Grade Fund Admiral Shares | 5.12% | 4.91% | 4.65% | 3.90% | 3.20% | 3.61% | 5.80% | 3.13% | 3.32% | 3.06% | 3.94% | 3.64% |
Frequently Asked Questions
BCOIX and VFIDX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VFIDX has higher volatility (1.34%) compared to BCOIX (1.03%). In terms of maximum drawdown, BCOIX dropped -18.13% vs VFIDX's -20.14%.
BCOIX currently has the higher Sharpe Ratio (1.33 vs 1.28), 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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