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BHYIX vs. BAGIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


BHYIXBAGIX
YTD Return8.47%2.66%
1Y Return15.01%9.56%
3Y Return (Ann)3.52%-1.80%
5Y Return (Ann)4.77%0.15%
10Y Return (Ann)4.56%1.78%
Sharpe Ratio4.071.67
Sortino Ratio7.072.47
Omega Ratio2.081.30
Calmar Ratio3.690.62
Martin Ratio33.836.33
Ulcer Index0.44%1.55%
Daily Std Dev3.69%5.89%
Max Drawdown-34.81%-19.44%
Current Drawdown0.00%-7.67%

Correlation

-0.50.00.51.00.1

The correlation between BHYIX and BAGIX is 0.07, 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.

Performance

BHYIX vs. BAGIX - Performance Comparison

In the year-to-date period, BHYIX achieves a 8.47% return, which is significantly higher than BAGIX's 2.66% return. Over the past 10 years, BHYIX has outperformed BAGIX with an annualized return of 4.56%, while BAGIX has yielded a comparatively lower 1.78% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
6.39%
4.19%
BHYIX
BAGIX

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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.


BHYIX
BlackRock High Yield Bond Portfolio Institutional Shares
Expense ratio chart for BHYIX: current value at 0.59% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.59%
Expense ratio chart for BAGIX: current value at 0.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.30%

Risk-Adjusted Performance

BHYIX vs. BAGIX - Risk-Adjusted Performance 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
Sharpe ratio
The chart of Sharpe ratio for BHYIX, currently valued at 4.07, compared to the broader market0.002.004.004.07
Sortino ratio
The chart of Sortino ratio for BHYIX, currently valued at 7.07, compared to the broader market0.005.0010.007.07
Omega ratio
The chart of Omega ratio for BHYIX, currently valued at 2.08, compared to the broader market1.002.003.004.002.08
Calmar ratio
The chart of Calmar ratio for BHYIX, currently valued at 3.69, compared to the broader market0.005.0010.0015.0020.0025.003.69
Martin ratio
The chart of Martin ratio for BHYIX, currently valued at 33.83, compared to the broader market0.0020.0040.0060.0080.00100.0033.83
BAGIX
Sharpe ratio
The chart of Sharpe ratio for BAGIX, currently valued at 1.63, compared to the broader market0.002.004.001.63
Sortino ratio
The chart of Sortino ratio for BAGIX, currently valued at 2.42, compared to the broader market0.005.0010.002.42
Omega ratio
The chart of Omega ratio for BAGIX, currently valued at 1.30, compared to the broader market1.002.003.004.001.30
Calmar ratio
The chart of Calmar ratio for BAGIX, currently valued at 0.61, compared to the broader market0.005.0010.0015.0020.0025.000.61
Martin ratio
The chart of Martin ratio for BAGIX, currently valued at 6.17, compared to the broader market0.0020.0040.0060.0080.00100.006.17

BHYIX vs. BAGIX - Sharpe Ratio Comparison

The current BHYIX Sharpe Ratio is 4.07, which is higher than the BAGIX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of BHYIX and BAGIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
4.07
1.63
BHYIX
BAGIX

Dividends

BHYIX vs. BAGIX - Dividend Comparison

BHYIX's dividend yield for the trailing twelve months is around 6.92%, more than BAGIX's 3.88% yield.


TTM20232022202120202019201820172016201520142013
BHYIX
BlackRock High Yield Bond Portfolio Institutional Shares
6.92%6.68%5.86%4.74%5.12%5.56%6.19%5.63%5.60%5.69%5.93%6.10%
BAGIX
Baird Aggregate Bond Fund Class I
3.88%3.46%2.69%1.92%2.29%2.76%2.89%2.55%2.47%2.47%2.90%3.32%

Drawdowns

BHYIX vs. BAGIX - Drawdown Comparison

The maximum BHYIX drawdown since its inception was -34.81%, which is greater than BAGIX's maximum drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for BHYIX and BAGIX. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember0
-7.67%
BHYIX
BAGIX

Volatility

BHYIX vs. BAGIX - Volatility Comparison

The current volatility for BlackRock High Yield Bond Portfolio Institutional Shares (BHYIX) is 0.73%, while Baird Aggregate Bond Fund Class I (BAGIX) has a volatility of 1.66%. 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.


0.60%0.80%1.00%1.20%1.40%1.60%1.80%JuneJulyAugustSeptemberOctoberNovember
0.73%
1.66%
BHYIX
BAGIX