BCOSX vs. BMQSX

Last updated Apr 2, 2026

Compare and contrast key facts about Baird Core Plus Bond Fund (BCOSX) and Baird Municipal Bond Fund (BMQSX).

BCOSX is managed by Baird. It was launched on Sep 29, 2000. BMQSX is managed by Baird. It was launched on Nov 14, 2019.

Performance

BCOSX vs. BMQSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baird Core Plus Bond Fund (BCOSX) and Baird Municipal Bond Fund (BMQSX). The values are adjusted to include any dividend payments, if applicable.

BCOSX vs. BMQSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BCOSX Baird Core Plus Bond Fund	-0.21%	7.22%	2.26%	6.60%	-13.09%	-1.23%	8.59%	0.48%
BMQSX Baird Municipal Bond Fund	-0.34%	4.44%	2.68%	6.67%	-7.78%	3.12%	9.58%	1.16%

Returns By Period

In the year-to-date period, BCOSX achieves a -0.21% return, which is significantly higher than BMQSX's -0.34% return.

BCOSX

• 1D: 0.19%
• 1M: -1.41%
• YTD: -0.21%
• 6M: 0.58%
• 1Y: 3.98%
• 3Y*: 4.25%
• 5Y*: 0.59%
• 10Y*: 2.25%

BMQSX

• 1D: 0.30%
• 1M: -1.97%
• YTD: -0.34%
• 6M: 1.26%
• 1Y: 3.96%
• 3Y*: 3.58%
• 5Y*: 1.56%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCOSX vs. BMQSX - Expense Ratio Comparison

Both BCOSX and BMQSX have an expense ratio of 0.55%.

BCOSX

Baird Core Plus Bond Fund

BMQSX

Baird Municipal Bond Fund

Return for Risk

BCOSX vs. BMQSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCOSX

BCOSX Risk / Return Rank: 53
BCOSX Sharpe Ratio Rank: 53
BCOSX Sortino Ratio Rank: 52
BCOSX Omega Ratio Rank: 40
BCOSX Calmar Ratio Rank: 70
BCOSX Martin Ratio Rank: 51

BMQSX

BMQSX Risk / Return Rank: 50
BMQSX Sharpe Ratio Rank: 57
BMQSX Sortino Ratio Rank: 47
BMQSX Omega Ratio Rank: 78
BMQSX Calmar Ratio Rank: 38
BMQSX Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCOSX vs. BMQSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baird Core Plus Bond Fund (BCOSX) and Baird Municipal Bond Fund (BMQSX). 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.

	BCOSX	BMQSX	Difference
Sharpe ratio Return per unit of total volatility	1.05	1.12	-0.07
Sortino ratio Return per unit of downside risk	1.50	1.45	+0.05
Omega ratio Gain probability vs. loss probability	1.19	1.31	-0.12
Calmar ratio Return relative to maximum drawdown	1.72	1.14	+0.58
Martin ratio Return relative to average drawdown	5.27	3.98	+1.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCOSX vs. BMQSX - Sharpe Ratio Comparison

The current BCOSX Sharpe Ratio is 1.05, which is comparable to the BMQSX Sharpe Ratio of 1.12. The chart below compares the historical Sharpe Ratios of BCOSX and BMQSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BCOSX	BMQSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	1.12	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.44	-0.34
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.02	0.65	+0.37

Correlation

The correlation between BCOSX and BMQSX is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BCOSX vs. BMQSX - Dividend Comparison

BCOSX's dividend yield for the trailing twelve months is around 3.83%, more than BMQSX's 3.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCOSX Baird Core Plus Bond Fund	3.83%	3.75%	3.68%	3.17%	2.69%	2.57%	3.11%	2.60%	2.75%	2.47%	2.27%	2.49%
BMQSX Baird Municipal Bond Fund	3.16%	3.18%	3.47%	3.22%	2.31%	2.33%	3.74%	0.16%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BCOSX vs. BMQSX - Drawdown Comparison

The maximum BCOSX drawdown since its inception was -18.39%, which is greater than BMQSX's maximum drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for BCOSX and BMQSX.

Drawdown Indicators

	BCOSX	BMQSX	Difference
Max Drawdown Largest peak-to-trough decline	-18.39%	-12.76%	-5.63%
Max Drawdown (1Y) Largest decline over 1 year	-2.60%	-4.02%	+1.42%
Max Drawdown (5Y) Largest decline over 5 years	-18.39%	-12.76%	-5.63%
Max Drawdown (10Y) Largest decline over 10 years	-18.39%	—	—
Current Drawdown Current decline from peak	-1.86%	-2.26%	+0.40%
Average Drawdown Average peak-to-trough decline	-2.31%	-2.63%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	1.15%	-0.30%

Volatility

BCOSX vs. BMQSX - Volatility Comparison

Baird Core Plus Bond Fund (BCOSX) has a higher volatility of 1.50% compared to Baird Municipal Bond Fund (BMQSX) at 1.13%. This indicates that BCOSX's price experiences larger fluctuations and is considered to be riskier than BMQSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCOSX	BMQSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.50%	1.13%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	2.40%	1.50%	+0.90%
Volatility (1Y) Calculated over the trailing 1-year period	4.10%	3.95%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.60%	3.55%	+2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.64%	4.50%	+0.14%