BCOSX vs. FTBFX
BCOSX (Baird Core Plus Bond Fund) and FTBFX (Fidelity Total Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, BCOSX returned 2.13%/yr vs 2.46%/yr for FTBFX. Their correlation of 0.89 suggests significant overlap in exposure. BCOSX charges 0.55%/yr vs 0.45%/yr for FTBFX.
Performance
BCOSX vs. FTBFX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BCOSX having a 0.60% return and FTBFX slightly lower at 0.57%. Over the past 10 years, BCOSX has underperformed FTBFX with an annualized return of 2.13%, while FTBFX has yielded a comparatively higher 2.46% annualized return.
BCOSX
- 1D
- 0.28%
- 1M
- 0.99%
- YTD
- 0.60%
- 6M
- 0.88%
- 1Y
- 4.79%
- 3Y*
- 4.69%
- 5Y*
- 0.43%
- 10Y*
- 2.13%
FTBFX
- 1D
- 0.21%
- 1M
- 0.89%
- YTD
- 0.57%
- 6M
- 0.92%
- 1Y
- 5.08%
- 3Y*
- 4.76%
- 5Y*
- 0.58%
- 10Y*
- 2.46%
BCOSX vs. FTBFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCOSX Baird Core Plus Bond Fund | 0.60% | 7.22% | 2.26% | 6.60% | -13.09% | -1.23% | 8.59% | 9.69% | -0.74% | 4.47% |
FTBFX Fidelity Total Bond Fund | 0.57% | 7.50% | 2.13% | 7.25% | -13.58% | -0.44% | 9.34% | 9.89% | -0.66% | 4.19% |
Correlation
The correlation between BCOSX and FTBFX is 0.92, 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 | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2002 | 0.89 |
The correlation between BCOSX and FTBFX 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. FTBFX — Risk / Return Rank
BCOSX
FTBFX
BCOSX vs. FTBFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Core Plus Bond Fund (BCOSX) and Fidelity Total Bond Fund (FTBFX). 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 | FTBFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.24 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | 1.76 | +0.14 |
| Martin ratioReturn relative to average drawdown | 5.32 | 5.10 | +0.21 |
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Drawdowns
BCOSX vs. FTBFX - Drawdown Comparison
The maximum BCOSX drawdown since its inception was -18.39%, roughly equal to the maximum FTBFX drawdown of -18.25%. Use the drawdown chart below to compare losses from any high point for BCOSX and FTBFX.
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Drawdown Indicators
| BCOSX | FTBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.39% | -18.25% | -0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -2.89% | +0.31% |
Max Drawdown (3Y)Largest decline over 3 years | -5.80% | -5.82% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -18.39% | -18.25% | -0.14% |
Max Drawdown (10Y)Largest decline over 10 years | -18.39% | -18.25% | -0.14% |
Current DrawdownCurrent decline from peak | -1.06% | -1.31% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -2.32% | +0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 1.00% | -0.08% |
Volatility
BCOSX vs. FTBFX - Volatility Comparison
The current volatility for Baird Core Plus Bond Fund (BCOSX) is 1.13%, while Fidelity Total Bond Fund (FTBFX) has a volatility of 1.21%. This indicates that BCOSX experiences smaller price fluctuations and is considered to be less risky than FTBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BCOSX | FTBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.21% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 2.88% | -0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.55% | 3.80% | -0.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 5.67% | -0.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 4.73% | -0.07% |
BCOSX vs. FTBFX - Expense Ratio Comparison
BCOSX has a 0.55% expense ratio, which is higher than FTBFX's 0.45% expense ratio.
Dividends
BCOSX vs. FTBFX - Dividend Comparison
BCOSX's dividend yield for the trailing twelve months is around 3.86%, less than FTBFX's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCOSX Baird Core Plus Bond Fund | 3.86% | 3.75% | 3.68% | 3.17% | 2.69% | 2.57% | 3.11% | 2.60% | 2.75% | 2.47% | 2.27% | 2.49% |
FTBFX Fidelity Total Bond Fund | 4.36% | 4.36% | 4.15% | 4.15% | 2.54% | 1.89% | 5.22% | 3.03% | 3.19% | 2.97% | 3.61% | 3.30% |
Frequently Asked Questions
With a correlation of 0.92, BCOSX and FTBFX 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.
FTBFX has higher volatility (1.21%) compared to BCOSX (1.13%). In terms of maximum drawdown, BCOSX dropped -18.39% vs FTBFX's -18.25%.
BCOSX currently has the higher Sharpe Ratio (1.38 vs 1.34), 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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