BCOSX vs. BIMIX
BCOSX (Baird Core Plus Bond Fund) and BIMIX (Baird Intermediate Bond Fund Class Institutional) are both mutual funds - BCOSX is a Intermediate Core-Plus Bond fund managed by Baird, while BIMIX is a Intermediate Core Bond fund managed by Baird. Over the past 10 years, BCOSX returned 2.07%/yr vs 2.08%/yr for BIMIX. Their correlation of 0.92 suggests significant overlap in exposure. BCOSX charges 0.55%/yr vs 0.30%/yr for BIMIX.
Performance
BCOSX vs. BIMIX - Performance Comparison
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Returns By Period
In the year-to-date period, BCOSX achieves a 0.32% return, which is significantly higher than BIMIX's -0.15% return. Both investments have delivered pretty close results over the past 10 years, with BCOSX having a 2.07% annualized return and BIMIX not far ahead at 2.08%.
BCOSX
- 1D
- -0.28%
- 1M
- 0.71%
- YTD
- 0.32%
- 6M
- 0.60%
- 1Y
- 4.31%
- 3Y*
- 4.52%
- 5Y*
- 0.42%
- 10Y*
- 2.07%
BIMIX
- 1D
- -0.10%
- 1M
- 0.36%
- YTD
- -0.15%
- 6M
- 0.05%
- 1Y
- 3.15%
- 3Y*
- 4.55%
- 5Y*
- 1.17%
- 10Y*
- 2.08%
BCOSX vs. BIMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCOSX Baird Core Plus Bond Fund | 0.32% | 7.22% | 2.26% | 6.60% | -13.09% | -1.23% | 8.59% | 9.69% | -0.74% | 4.47% |
BIMIX Baird Intermediate Bond Fund Class Institutional | -0.15% | 6.69% | 3.45% | 5.78% | -8.64% | -1.41% | 7.42% | 7.05% | 0.58% | 2.74% |
Correlation
The correlation between BCOSX and BIMIX is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.94 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2000 | 0.92 |
The correlation between BCOSX and BIMIX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
BCOSX vs. BIMIX — Risk / Return Rank
BCOSX
BIMIX
BCOSX vs. BIMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Core Plus Bond Fund (BCOSX) and Baird Intermediate Bond Fund Class Institutional (BIMIX). 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.
| BCOSX | BIMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.62 | +0.13 |
| Martin ratioReturn relative to average drawdown | 4.87 | 4.31 | +0.56 |
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Drawdowns
BCOSX vs. BIMIX - Drawdown Comparison
The maximum BCOSX drawdown since its inception was -18.39%, which is greater than BIMIX's maximum drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for BCOSX and BIMIX.
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Drawdown Indicators
| BCOSX | BIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.39% | -12.76% | -5.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -2.07% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -5.80% | -2.44% | -3.36% |
Max Drawdown (5Y)Largest decline over 5 years | -18.39% | -12.76% | -5.63% |
Max Drawdown (10Y)Largest decline over 10 years | -18.39% | -12.76% | -5.63% |
Current DrawdownCurrent decline from peak | -1.33% | -1.42% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -1.48% | -0.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.78% | +0.15% |
Volatility
BCOSX vs. BIMIX - Volatility Comparison
Baird Core Plus Bond Fund (BCOSX) has a higher volatility of 1.10% compared to Baird Intermediate Bond Fund Class Institutional (BIMIX) at 0.86%. This indicates that BCOSX's price experiences larger fluctuations and is considered to be riskier than BIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCOSX | BIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.86% | +0.24% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 1.83% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 2.49% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 3.89% | +1.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 3.26% | +1.40% |
BCOSX vs. BIMIX - Expense Ratio Comparison
BCOSX has a 0.55% expense ratio, which is higher than BIMIX's 0.30% expense ratio.
Dividends
BCOSX vs. BIMIX - Dividend Comparison
BCOSX's dividend yield for the trailing twelve months is around 3.87%, more than BIMIX's 3.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCOSX Baird Core Plus Bond Fund | 3.87% | 3.75% | 3.68% | 3.17% | 2.69% | 2.57% | 3.11% | 2.60% | 2.75% | 2.47% | 2.27% | 2.49% |
BIMIX Baird Intermediate Bond Fund Class Institutional | 3.72% | 3.67% | 3.89% | 3.21% | 2.17% | 2.27% | 3.49% | 2.52% | 2.50% | 2.35% | 2.21% | 2.57% |
Frequently Asked Questions
With a correlation of 0.91, BCOSX and BIMIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BCOSX has higher volatility (1.10%) compared to BIMIX (0.86%). In terms of maximum drawdown, BCOSX dropped -18.39% vs BIMIX's -12.76%.
BIMIX currently has the higher Sharpe Ratio (1.35 vs 1.27), 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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