BHYIX vs. BAGIX
Compare and contrast key facts about BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and Baird Aggregate Bond Fund Class I (BAGIX).
BHYIX is managed by BlackRock. It was launched on Nov 19, 1998. BAGIX is managed by Baird. It was launched on Sep 29, 2000.
Performance
BHYIX vs. BAGIX - Performance Comparison
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BHYIX vs. BAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | -1.59% | 9.18% | 8.55% | 13.19% | -11.24% | 5.53% | 5.87% | 15.35% | -2.81% | 8.23% |
BAGIX Baird Aggregate Bond Fund Class I | -0.26% | 7.37% | 1.85% | 6.42% | -13.35% | -1.46% | 8.63% | 9.48% | -0.31% | 4.20% |
Returns By Period
In the year-to-date period, BHYIX achieves a -1.59% return, which is significantly lower than BAGIX's -0.26% return. Over the past 10 years, BHYIX has outperformed BAGIX with an annualized return of 5.93%, while BAGIX has yielded a comparatively lower 2.05% annualized return.
BHYIX
- 1D
- 0.14%
- 1M
- -2.23%
- YTD
- -1.59%
- 6M
- 0.03%
- 1Y
- 6.58%
- 3Y*
- 8.30%
- 5Y*
- 4.15%
- 10Y*
- 5.93%
BAGIX
- 1D
- 0.51%
- 1M
- -2.03%
- YTD
- -0.26%
- 6M
- 0.75%
- 1Y
- 4.14%
- 3Y*
- 4.05%
- 5Y*
- 0.51%
- 10Y*
- 2.05%
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BHYIX vs. BAGIX - Expense Ratio Comparison
BHYIX has a 0.59% expense ratio, which is higher than BAGIX's 0.30% expense ratio.
Return for Risk
BHYIX vs. BAGIX — Risk / Return Rank
BHYIX
BAGIX
BHYIX vs. BAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) and Baird Aggregate Bond Fund Class I (BAGIX). 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.
| BHYIX | BAGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.88 | 1.02 | +0.86 |
Sortino ratioReturn per unit of downside risk | 2.67 | 1.47 | +1.20 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.18 | +0.25 |
Calmar ratioReturn relative to maximum drawdown | 2.06 | 1.90 | +0.16 |
Martin ratioReturn relative to average drawdown | 9.42 | 5.60 | +3.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BHYIX | BAGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 1.02 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.09 | +0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.00 | 0.42 | +0.58 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.20 | 0.97 | +0.23 |
Correlation
The correlation between BHYIX and BAGIX is 0.09, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BHYIX vs. BAGIX - Dividend Comparison
BHYIX's dividend yield for the trailing twelve months is around 6.65%, more than BAGIX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BHYIX BlackRock High Yield Bond Portfolio Institutional Shares | 6.65% | 7.05% | 7.46% | 6.15% | 4.91% | 4.73% | 5.12% | 5.70% | 6.33% | 5.82% | 5.96% | 6.33% |
BAGIX Baird Aggregate Bond Fund Class I | 4.19% | 4.12% | 4.03% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.25% | 2.46% |
Drawdowns
BHYIX vs. BAGIX - Drawdown Comparison
The maximum BHYIX drawdown since its inception was -34.82%, which is greater than BAGIX's maximum drawdown of -18.62%. Use the drawdown chart below to compare losses from any high point for BHYIX and BAGIX.
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Drawdown Indicators
| BHYIX | BAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.82% | -18.62% | -16.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.26% | -2.63% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -15.45% | -18.60% | +3.15% |
Max Drawdown (10Y)Largest decline over 10 years | -23.23% | -18.62% | -4.61% |
Current DrawdownCurrent decline from peak | -2.27% | -2.03% | -0.24% |
Average DrawdownAverage peak-to-trough decline | -2.77% | -2.36% | -0.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.71% | 0.89% | -0.18% |
Volatility
BHYIX vs. BAGIX - Volatility Comparison
The current volatility for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) is 1.20%, while Baird Aggregate Bond Fund Class I (BAGIX) has a volatility of 1.50%. This indicates that BHYIX experiences smaller price fluctuations and is considered to be less risky than BAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BHYIX | BAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.20% | 1.50% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 2.27% | 2.49% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.83% | 4.28% | -0.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.20% | 5.90% | -0.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.92% | 4.88% | +1.04% |