BIMIX vs. IGIB
Compare and contrast key facts about Baird Intermediate Bond Fund Class Institutional (BIMIX) and iShares Intermediate-Term Corporate Bond ETF (IGIB).
BIMIX is managed by Baird. It was launched on Sep 29, 2000. IGIB is a passively managed fund by iShares that tracks the performance of the Bloomberg Barclays U.S. Intermediate Credit Index. It was launched on Jan 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIMIX or IGIB.
Correlation
The correlation between BIMIX and IGIB is 0.75, 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.
Performance
BIMIX vs. IGIB - Performance Comparison
Key characteristics
BIMIX:
1.50
IGIB:
1.14
BIMIX:
2.21
IGIB:
1.67
BIMIX:
1.28
IGIB:
1.20
BIMIX:
0.64
IGIB:
0.57
BIMIX:
4.68
IGIB:
3.53
BIMIX:
1.03%
IGIB:
1.68%
BIMIX:
3.21%
IGIB:
5.20%
BIMIX:
-14.15%
IGIB:
-20.63%
BIMIX:
-2.40%
IGIB:
-3.64%
Returns By Period
In the year-to-date period, BIMIX achieves a 0.79% return, which is significantly lower than IGIB's 1.10% return. Over the past 10 years, BIMIX has underperformed IGIB with an annualized return of 1.75%, while IGIB has yielded a comparatively higher 2.55% annualized return.
BIMIX
0.79%
0.59%
0.21%
4.93%
0.55%
1.75%
IGIB
1.10%
1.12%
-0.34%
5.97%
0.63%
2.55%
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BIMIX vs. IGIB - Expense Ratio Comparison
BIMIX has a 0.30% expense ratio, which is higher than IGIB's 0.06% expense ratio.
Risk-Adjusted Performance
BIMIX vs. IGIB — Risk-Adjusted Performance Rank
BIMIX
IGIB
BIMIX vs. IGIB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Intermediate Bond Fund Class Institutional (BIMIX) and iShares Intermediate-Term Corporate Bond ETF (IGIB). 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.
Dividends
BIMIX vs. IGIB - Dividend Comparison
BIMIX's dividend yield for the trailing twelve months is around 3.93%, less than IGIB's 4.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIMIX Baird Intermediate Bond Fund Class Institutional | 3.93% | 3.89% | 3.20% | 2.18% | 1.58% | 2.16% | 2.53% | 2.52% | 2.33% | 2.29% | 2.27% | 2.41% |
IGIB iShares Intermediate-Term Corporate Bond ETF | 4.42% | 4.41% | 3.78% | 3.04% | 2.52% | 2.74% | 3.44% | 3.41% | 2.51% | 2.45% | 2.51% | 2.46% |
Drawdowns
BIMIX vs. IGIB - Drawdown Comparison
The maximum BIMIX drawdown since its inception was -14.15%, smaller than the maximum IGIB drawdown of -20.63%. Use the drawdown chart below to compare losses from any high point for BIMIX and IGIB. For additional features, visit the drawdowns tool.
Volatility
BIMIX vs. IGIB - Volatility Comparison
The current volatility for Baird Intermediate Bond Fund Class Institutional (BIMIX) is 0.80%, while iShares Intermediate-Term Corporate Bond ETF (IGIB) has a volatility of 1.38%. This indicates that BIMIX experiences smaller price fluctuations and is considered to be less risky than IGIB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.