BIMIX vs. BIV
Compare and contrast key facts about Baird Intermediate Bond Fund Class Institutional (BIMIX) and Vanguard Intermediate-Term Bond Index ETF (BIV).
BIMIX is managed by Baird. It was launched on Sep 29, 2000. BIV is a passively managed fund by Vanguard that tracks the performance of the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Bond Index. It was launched on Apr 3, 2007.
Performance
BIMIX vs. BIV - Performance Comparison
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BIMIX vs. BIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIMIX Baird Intermediate Bond Fund Class Institutional | -0.34% | 6.69% | 3.45% | 5.78% | -8.64% | -1.41% | 7.42% | 7.05% | 0.58% | 2.74% |
BIV Vanguard Intermediate-Term Bond Index ETF | -0.23% | 8.52% | 1.57% | 6.07% | -13.21% | -2.40% | 9.67% | 10.34% | -0.19% | 3.65% |
Returns By Period
In the year-to-date period, BIMIX achieves a -0.34% return, which is significantly lower than BIV's -0.23% return. Over the past 10 years, BIMIX has outperformed BIV with an annualized return of 2.23%, while BIV has yielded a comparatively lower 2.04% annualized return.
BIMIX
- 1D
- 0.19%
- 1M
- -1.23%
- YTD
- -0.34%
- 6M
- 0.62%
- 1Y
- 4.02%
- 3Y*
- 4.36%
- 5Y*
- 1.30%
- 10Y*
- 2.23%
BIV
- 1D
- 0.00%
- 1M
- -1.57%
- YTD
- -0.23%
- 6M
- 0.54%
- 1Y
- 4.69%
- 3Y*
- 3.99%
- 5Y*
- 0.54%
- 10Y*
- 2.04%
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BIMIX vs. BIV - Expense Ratio Comparison
BIMIX has a 0.30% expense ratio, which is higher than BIV's 0.03% expense ratio.
Return for Risk
BIMIX vs. BIV — Risk / Return Rank
BIMIX
BIV
BIMIX vs. BIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Intermediate Bond Fund Class Institutional (BIMIX) and Vanguard Intermediate-Term Bond Index ETF (BIV). 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.
| BIMIX | BIV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.48 | 1.04 | +0.45 |
Sortino ratioReturn per unit of downside risk | 2.18 | 1.50 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.18 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 2.04 | 1.74 | +0.29 |
Martin ratioReturn relative to average drawdown | 8.17 | 5.57 | +2.60 |
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
| BIMIX | BIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.48 | 1.04 | +0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.09 | +0.25 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.69 | 0.37 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.17 | 0.65 | +0.52 |
Correlation
The correlation between BIMIX and BIV is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BIMIX vs. BIV - Dividend Comparison
BIMIX's dividend yield for the trailing twelve months is around 3.67%, less than BIV's 4.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIMIX Baird Intermediate Bond Fund Class Institutional | 3.67% | 3.67% | 3.89% | 3.21% | 2.17% | 2.27% | 3.49% | 2.52% | 2.50% | 2.35% | 2.21% | 2.57% |
BIV Vanguard Intermediate-Term Bond Index ETF | 4.14% | 4.01% | 3.79% | 3.09% | 2.41% | 3.42% | 2.95% | 2.75% | 2.88% | 2.69% | 3.01% | 3.02% |
Drawdowns
BIMIX vs. BIV - Drawdown Comparison
The maximum BIMIX drawdown since its inception was -12.76%, smaller than the maximum BIV drawdown of -18.95%. Use the drawdown chart below to compare losses from any high point for BIMIX and BIV.
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Drawdown Indicators
| BIMIX | BIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.76% | -18.95% | +6.19% |
Max Drawdown (1Y)Largest decline over 1 year | -2.07% | -2.87% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -12.76% | -18.74% | +5.98% |
Max Drawdown (10Y)Largest decline over 10 years | -12.76% | -18.95% | +6.19% |
Current DrawdownCurrent decline from peak | -1.60% | -2.03% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -1.49% | -3.40% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.52% | 0.90% | -0.38% |
Volatility
BIMIX vs. BIV - Volatility Comparison
The current volatility for Baird Intermediate Bond Fund Class Institutional (BIMIX) is 1.05%, while Vanguard Intermediate-Term Bond Index ETF (BIV) has a volatility of 1.77%. This indicates that BIMIX experiences smaller price fluctuations and is considered to be less risky than BIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIMIX | BIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.77% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 2.74% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.79% | 4.55% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.87% | 6.39% | -2.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 5.50% | -2.25% |