BCOSX vs. FBNDX
BCOSX (Baird Core Plus Bond Fund) and FBNDX (Fidelity Investment Grade Bond Fund) are both mutual funds - BCOSX is a Intermediate Core-Plus Bond fund managed by Baird, while FBNDX is a Intermediate Core Bond fund actively managed by Fidelity. Over the past 10 years, BCOSX returned 1.88%/yr vs 1.80%/yr for FBNDX. Their correlation of 0.89 means they have usually moved in the same direction. BCOSX charges 0.55%/yr vs 0.45%/yr for FBNDX.
Performance
BCOSX vs. FBNDX - Performance Comparison
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Returns By Period
In the year-to-date period, BCOSX achieves a -0.34% return, which is significantly higher than FBNDX's -0.73% return. Both investments have delivered pretty close results over the past 10 years, with BCOSX having a 1.88% annualized return and FBNDX not far behind at 1.80%.
BCOSX
- 1D
- 0.00%
- 1M
- -0.87%
- 6M
- -0.53%
- YTD
- -0.34%
- 1Y
- 2.19%
- 3Y*
- 4.31%
- 5Y*
- 0.01%
- 10Y*
- 1.88%
- ALL TIME*
- 4.34%
FBNDX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -0.77%
- YTD
- -0.73%
- 1Y
- 1.61%
- 3Y*
- 3.64%
- 5Y*
- -0.49%
- 10Y*
- 1.80%
- ALL TIME*
- 2.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BCOSX vs. FBNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCOSX Baird Core Plus Bond Fund | -0.34% | 7.22% | 2.26% | 6.60% | -13.09% | -1.23% | 8.59% | 9.69% | -0.74% | 4.47% |
FBNDX Fidelity Investment Grade Bond Fund | -0.73% | 7.37% | 0.93% | 6.51% | -14.04% | -1.13% | 9.79% | 9.82% | -0.35% | 3.92% |
Correlation
The correlation between BCOSX and FBNDX is 0.90, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2000 | 0.89 |
The correlation between BCOSX and FBNDX has been stable across timeframes, ranging from 0.89 to 0.96 - a consistent structural relationship.
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Return for Risk
BCOSX vs. FBNDX — Risk / Return Rank
BCOSX
FBNDX
BCOSX vs. FBNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Core Plus Bond Fund (BCOSX) and Fidelity Investment Grade Bond Fund (FBNDX). 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 | FBNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.12 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.93 | +0.22 |
| Martin ratioReturn relative to average drawdown | 2.85 | 2.31 | +0.54 |
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Drawdowns
BCOSX vs. FBNDX - Drawdown Comparison
The maximum BCOSX drawdown since its inception was -18.39%, smaller than the maximum FBNDX drawdown of -42.76%. Use the drawdown chart below to compare losses from any high point for BCOSX and FBNDX.
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Drawdown Indicators
| BCOSX | FBNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.39% | -42.76% | +24.37% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -3.02% | +0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -4.78% | -5.06% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.39% | -18.74% | +0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -18.39% | -18.74% | +0.35% |
Current DrawdownCurrent decline from peak | -1.99% | -2.67% | +0.68% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -10.32% | +8.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.22% | -0.18% |
Volatility
BCOSX vs. FBNDX - Volatility Comparison
Baird Core Plus Bond Fund (BCOSX) and Fidelity Investment Grade Bond Fund (FBNDX) have volatilities of 0.88% and 0.90%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCOSX | FBNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.90% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 3.06% | -0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 3.95% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 6.03% | -0.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 5.02% | -0.36% |
BCOSX vs. FBNDX - Expense Ratio Comparison
BCOSX has a 0.55% expense ratio, which is higher than FBNDX's 0.45% expense ratio.
Dividends
BCOSX vs. FBNDX - Dividend Comparison
BCOSX's dividend yield for the trailing twelve months is around 3.93%, more than FBNDX's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCOSX Baird Core Plus Bond Fund | 3.93% | 3.75% | 3.68% | 3.17% | 2.69% | 2.57% | 3.11% | 2.60% | 2.75% | 2.47% | 2.27% | 2.49% |
FBNDX Fidelity Investment Grade Bond Fund | 3.63% | 3.87% | 3.34% | 3.56% | 1.98% | 1.34% | 4.70% | 2.75% | 2.86% | 2.18% | 2.72% | 2.66% |
Frequently Asked Questions
With a correlation of 0.90, BCOSX and FBNDX 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.
FBNDX has higher volatility (0.90%) compared to BCOSX (0.88%). In terms of maximum drawdown, BCOSX dropped -18.39% vs FBNDX's -42.76%.
BCOSX currently has the higher Sharpe Ratio (0.84 vs 0.71), 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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