BCOSX vs. BMQSX
BCOSX (Baird Core Plus Bond Fund) and BMQSX (Baird Municipal Bond Fund) are both mutual funds - BCOSX is a Intermediate Core-Plus Bond fund managed by Baird, while BMQSX is a Municipal Bonds fund managed by Baird. Over the past 5 years, BCOSX returned 0.42%/yr vs 1.59%/yr for BMQSX. A 0.53 correlation means they provide meaningful diversification when combined. Both charge a 0.55% expense ratio.
Performance
BCOSX vs. BMQSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BCOSX achieves a 0.32% return, which is significantly lower than BMQSX's 1.55% return.
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%
BMQSX
- 1D
- 0.00%
- 1M
- 1.42%
- YTD
- 1.55%
- 6M
- 1.77%
- 1Y
- 6.46%
- 3Y*
- 4.12%
- 5Y*
- 1.59%
- 10Y*
- —
BCOSX vs. BMQSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BCOSX Baird Core Plus Bond Fund | 0.32% | 7.22% | 2.26% | 6.60% | -13.09% | -1.23% | 8.59% | 0.40% |
BMQSX Baird Municipal Bond Fund | 1.55% | 4.44% | 2.68% | 6.67% | -7.78% | 3.12% | 9.58% | 1.16% |
Correlation
The correlation between BCOSX and BMQSX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 15, 2019 | 0.53 |
The correlation between BCOSX and BMQSX has been stable across timeframes, ranging from 0.53 to 0.63 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BCOSX vs. BMQSX — Risk / Return Rank
BCOSX
BMQSX
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.
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 | BMQSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.71 | ||
| Sortino ratioReturn per unit of downside risk | -2.42 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.77 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 2.39 | -0.64 |
| Martin ratioReturn relative to average drawdown | 4.87 | 8.53 | -3.65 |
Loading charts...
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.
Loading charts...
Drawdown Indicators
| BCOSX | BMQSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.39% | -12.76% | -5.63% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -2.76% | +0.18% |
Max Drawdown (3Y)Largest decline over 3 years | -5.80% | -5.08% | -0.72% |
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 DrawdownCurrent decline from peak | -1.33% | -0.40% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -2.58% | +0.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.77% | +0.16% |
Volatility
BCOSX vs. BMQSX - Volatility Comparison
Baird Core Plus Bond Fund (BCOSX) has a higher volatility of 1.10% compared to Baird Municipal Bond Fund (BMQSX) at 0.53%. 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.
Loading charts...
Volatility by Period
| BCOSX | BMQSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.53% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 1.76% | +0.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 2.22% | +1.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 3.57% | +2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 4.44% | +0.22% |
BCOSX vs. BMQSX - Expense Ratio Comparison
Both BCOSX and BMQSX have an expense ratio of 0.55%.
Dividends
BCOSX vs. BMQSX - Dividend Comparison
BCOSX's dividend yield for the trailing twelve months is around 3.87%, more than BMQSX's 3.19% 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% |
BMQSX Baird Municipal Bond Fund | 3.19% | 3.18% | 3.47% | 3.22% | 2.31% | 2.33% | 3.74% | 0.16% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BCOSX and BMQSX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCOSX has higher volatility (1.10%) compared to BMQSX (0.53%). In terms of maximum drawdown, BCOSX dropped -18.39% vs BMQSX's -12.76%.
BMQSX currently has the higher Sharpe Ratio (2.98 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.
Find the right allocation for BCOSX and BMQSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer