BCOSX vs. BSBSX
BCOSX (Baird Core Plus Bond Fund) and BSBSX (Baird Short-Term Bond Fund Investor Class) are both mutual funds - BCOSX is a Intermediate Core-Plus Bond fund managed by Baird, while BSBSX is a Short-Term Bond fund tracking the Bloomberg 1-3 Year U.S. Government/Credit Index. Over the past 10 years, BCOSX returned 2.07%/yr vs 2.20%/yr for BSBSX. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.55% expense ratio.
Performance
BCOSX vs. BSBSX - Performance Comparison
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Returns By Period
In the year-to-date period, BCOSX achieves a 0.32% return, which is significantly lower than BSBSX's 0.63% return. Over the past 10 years, BCOSX has underperformed BSBSX with an annualized return of 2.07%, while BSBSX has yielded a comparatively higher 2.20% annualized 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%
BSBSX
- 1D
- 0.00%
- 1M
- 0.23%
- YTD
- 0.63%
- 6M
- 0.82%
- 1Y
- 3.41%
- 3Y*
- 4.83%
- 5Y*
- 2.28%
- 10Y*
- 2.20%
BCOSX vs. BSBSX - 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% |
BSBSX Baird Short-Term Bond Fund Investor Class | 0.63% | 5.41% | 4.73% | 5.39% | -3.88% | -0.57% | 3.87% | 4.42% | 1.24% | 1.28% |
Correlation
The correlation between BCOSX and BSBSX is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.68 |
The correlation between BCOSX and BSBSX has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
BCOSX vs. BSBSX — Risk / Return Rank
BCOSX
BSBSX
BCOSX vs. BSBSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Core Plus Bond Fund (BCOSX) and Baird Short-Term Bond Fund Investor Class (BSBSX). 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 | BSBSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.23 | ||
| Sortino ratioReturn per unit of downside risk | -1.97 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.57 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 4.24 | -2.48 |
| Martin ratioReturn relative to average drawdown | 4.87 | 18.19 | -13.31 |
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Drawdowns
BCOSX vs. BSBSX - Drawdown Comparison
The maximum BCOSX drawdown since its inception was -18.39%, which is greater than BSBSX's maximum drawdown of -6.29%. Use the drawdown chart below to compare losses from any high point for BCOSX and BSBSX.
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Drawdown Indicators
| BCOSX | BSBSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.39% | -6.29% | -12.10% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -0.84% | -1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -5.80% | -0.84% | -4.96% |
Max Drawdown (5Y)Largest decline over 5 years | -18.39% | -6.29% | -12.10% |
Max Drawdown (10Y)Largest decline over 10 years | -18.39% | -6.29% | -12.10% |
Current DrawdownCurrent decline from peak | -1.33% | -0.21% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -0.67% | -1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 0.19% | +0.74% |
Volatility
BCOSX vs. BSBSX - Volatility Comparison
Baird Core Plus Bond Fund (BCOSX) has a higher volatility of 1.10% compared to Baird Short-Term Bond Fund Investor Class (BSBSX) at 0.54%. This indicates that BCOSX's price experiences larger fluctuations and is considered to be riskier than BSBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCOSX | BSBSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 0.54% | +0.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | 0.99% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.57% | 1.42% | +2.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 1.96% | +3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 1.68% | +2.98% |
BCOSX vs. BSBSX - Expense Ratio Comparison
Both BCOSX and BSBSX have an expense ratio of 0.55%.
Dividends
BCOSX vs. BSBSX - Dividend Comparison
BCOSX's dividend yield for the trailing twelve months is around 3.87%, less than BSBSX's 4.02% 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% |
BSBSX Baird Short-Term Bond Fund Investor Class | 4.02% | 4.10% | 4.08% | 3.16% | 1.54% | 1.17% | 2.37% | 2.24% | 1.96% | 1.49% | 1.35% | 1.37% |
Frequently Asked Questions
BCOSX and BSBSX have a correlation of 0.72, 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 BSBSX (0.54%). In terms of maximum drawdown, BCOSX dropped -18.39% vs BSBSX's -6.29%.
BSBSX currently has the higher Sharpe Ratio (2.50 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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