BCOSX vs. MCFIX
BCOSX (Baird Core Plus Bond Fund) and MCFIX (Mercer Core Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, BCOSX returned 0.01%/yr vs -0.73%/yr for MCFIX. Their correlation of 0.92 means they have usually moved in the same direction. BCOSX charges 0.55%/yr vs 0.16%/yr for MCFIX.
Performance
BCOSX vs. MCFIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BCOSX achieves a -0.34% return, which is significantly higher than MCFIX's -2.44% return.
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%
MCFIX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -2.33%
- YTD
- -2.44%
- 1Y
- 0.03%
- 3Y*
- 3.26%
- 5Y*
- -0.73%
- 10Y*
- —
- ALL TIME*
- 0.60%
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. MCFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BCOSX Baird Core Plus Bond Fund | -0.34% | 7.22% | 2.26% | 6.60% | -13.09% | -1.23% | 8.59% | 6.09% |
MCFIX Mercer Core Fixed Income Fund | -2.44% | 6.64% | 2.02% | 6.47% | -13.69% | -1.05% | 4.75% | 3.31% |
Correlation
The correlation between BCOSX and MCFIX is 0.87, 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. | 0.87 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2019 | 0.92 |
The correlation between BCOSX and MCFIX has been stable across timeframes, ranging from 0.87 to 0.95 - 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. MCFIX — Risk / Return Rank
BCOSX
MCFIX
BCOSX vs. MCFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Core Plus Bond Fund (BCOSX) and Mercer Core Fixed Income Fund (MCFIX). 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 | MCFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.00 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 0.01 | +1.14 |
| Martin ratioReturn relative to average drawdown | 2.85 | 0.02 | +2.83 |
Loading charts...
Drawdowns
BCOSX vs. MCFIX - Drawdown Comparison
The maximum BCOSX drawdown since its inception was -18.39%, smaller than the maximum MCFIX drawdown of -21.68%. Use the drawdown chart below to compare losses from any high point for BCOSX and MCFIX.
Loading charts...
Drawdown Indicators
| BCOSX | MCFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.39% | -21.68% | +3.29% |
Max Drawdown (1Y)Largest decline over 1 year | -2.58% | -4.08% | +1.50% |
Max Drawdown (3Y)Largest decline over 3 years | -4.78% | -5.27% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -18.39% | -18.72% | +0.33% |
Max Drawdown (10Y)Largest decline over 10 years | -18.39% | — | — |
Current DrawdownCurrent decline from peak | -1.99% | -7.35% | +5.36% |
Average DrawdownAverage peak-to-trough decline | -2.30% | -8.49% | +6.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.04% | 1.72% | -0.68% |
Volatility
BCOSX vs. MCFIX - Volatility Comparison
The current volatility for Baird Core Plus Bond Fund (BCOSX) is 0.88%, while Mercer Core Fixed Income Fund (MCFIX) has a volatility of 1.03%. This indicates that BCOSX experiences smaller price fluctuations and is considered to be less risky than MCFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BCOSX | MCFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 1.03% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.72% | 2.93% | -0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.54% | 4.01% | -0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.63% | 6.05% | -0.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.66% | 6.07% | -1.41% |
BCOSX vs. MCFIX - Expense Ratio Comparison
BCOSX has a 0.55% expense ratio, which is higher than MCFIX's 0.16% expense ratio.
Dividends
BCOSX vs. MCFIX - Dividend Comparison
BCOSX's dividend yield for the trailing twelve months is around 3.93%, less than MCFIX's 4.37% 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% |
MCFIX Mercer Core Fixed Income Fund | 4.37% | 3.89% | 4.54% | 3.68% | 3.31% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BCOSX and MCFIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCFIX has higher volatility (1.03%) compared to BCOSX (0.88%). In terms of maximum drawdown, BCOSX dropped -18.39% vs MCFIX's -21.68%.
BCOSX currently has the higher Sharpe Ratio (0.84 vs 0.01), 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 MCFIX
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