BIMIX vs. VBMPX

Last updated Aug 4, 2026

BIMIX (Baird Intermediate Bond Fund Class Institutional) and VBMPX (Vanguard Total Bond Market Index Fund Institutional Plus Shares) are both mutual funds - BIMIX is a Intermediate Core Bond fund managed by Baird, while VBMPX is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Over the past 10 years, BIMIX returned 1.98%/yr vs 1.30%/yr for VBMPX. Their correlation of 0.88 means they have usually moved in the same direction. BIMIX charges 0.30%/yr vs 0.02%/yr for VBMPX.

Performance

BIMIX vs. VBMPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baird Intermediate Bond Fund Class Institutional (BIMIX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIMIX achieves a -0.56% return, which is significantly higher than VBMPX's -0.90% return. Over the past 10 years, BIMIX has outperformed VBMPX with an annualized return of 1.98%, while VBMPX has yielded a comparatively lower 1.30% annualized return.

BIMIX

• 1D: -0.10%
• 1M: -0.40%
• 6M: -0.66%
• YTD: -0.56%
• 1Y: 1.54%
• 3Y*: 4.46%
• 5Y*: 0.90%
• 10Y*: 1.98%
• ALL TIME*: 3.89%

VBMPX

• 1D: -0.21%
• 1M: -1.45%
• 6M: -0.93%
• YTD: -0.90%
• 1Y: 1.47%
• 3Y*: 3.81%
• 5Y*: -0.47%
• 10Y*: 1.30%
• ALL TIME*: 2.22%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BIMIX Baird Intermediate Bond Fund Class Institutional	$0.00	$0.00	$0.00
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares	$0.00	$0.00	$0.00

BIMIX vs. VBMPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIMIX Baird Intermediate Bond Fund Class Institutional	-0.56%	6.69%	3.45%	5.78%	-8.64%	-1.41%	7.42%	7.05%	0.58%	2.74%
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares	-0.90%	7.18%	1.27%	5.75%	-13.14%	-1.95%	7.75%	8.74%	-0.24%	3.58%

Correlation

The correlation between BIMIX and VBMPX 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.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.92
Correlation (10Y) Provides a long-term view across more market conditions.	0.89
Correlation (All Time) Calculated using the full available price history since Feb 5, 2010	0.88

The correlation between BIMIX and VBMPX has been stable across timeframes, ranging from 0.87 to 0.92 - a consistent structural relationship.

Return for Risk

BIMIX vs. VBMPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BIMIX

BIMIX Risk / Return Rank: 21
BIMIX Sharpe Ratio Rank: 23
BIMIX Sortino Ratio Rank: 22
BIMIX Omega Ratio Rank: 23
BIMIX Calmar Ratio Rank: 21
BIMIX Martin Ratio Rank: 16

VBMPX

VBMPX Risk / Return Rank: 14
VBMPX Sharpe Ratio Rank: 14
VBMPX Sortino Ratio Rank: 13
VBMPX Omega Ratio Rank: 13
VBMPX Calmar Ratio Rank: 15
VBMPX Martin Ratio Rank: 13

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BIMIX vs. VBMPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baird Intermediate Bond Fund Class Institutional (BIMIX) and Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX). 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.

	BIMIX	VBMPX	Difference
Sharpe ratio: Return per unit of total volatility	0.90	0.61	+0.29
Sortino ratio: Return per unit of downside risk	1.30	0.90	+0.40
Omega ratio: Gain probability vs. loss probability	1.16	1.11	+0.06
Calmar ratio: Return relative to maximum drawdown	1.07	0.80	+0.27
Martin ratio: Return relative to average drawdown	2.37	1.99	+0.37

BIMIX vs. VBMPX - Sharpe Ratio Comparison

The current BIMIX Sharpe Ratio is 0.90, which is higher than the VBMPX Sharpe Ratio of 0.61. The chart below compares the historical Sharpe Ratios of BIMIX and VBMPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BIMIX vs. VBMPX - Drawdown Comparison

The maximum BIMIX drawdown since its inception was -12.76%, smaller than the maximum VBMPX drawdown of -18.90%. Use the drawdown chart below to compare losses from any high point for BIMIX and VBMPX.

Drawdown Indicators

	BIMIX	VBMPX	Difference
Max Drawdown Largest peak-to-trough decline	-12.76%	-18.90%	+6.14%
Max Drawdown (1Y) Largest decline over 1 year	-2.08%	-2.89%	+0.81%
Max Drawdown (3Y) Largest decline over 3 years	-2.36%	-4.86%	+2.50%
Max Drawdown (5Y) Largest decline over 5 years	-12.56%	-17.97%	+5.41%
Max Drawdown (10Y) Largest decline over 10 years	-12.76%	-18.90%	+6.14%
Current Drawdown Current decline from peak	-1.81%	-3.53%	+1.72%
Average Drawdown Average peak-to-trough decline	-1.48%	-3.52%	+2.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.94%	1.16%	-0.22%

Volatility

BIMIX vs. VBMPX - Volatility Comparison

The current volatility for Baird Intermediate Bond Fund Class Institutional (BIMIX) is 0.69%, while Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) has a volatility of 0.96%. This indicates that BIMIX experiences smaller price fluctuations and is considered to be less risky than VBMPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIMIX	VBMPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.69%	0.96%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	1.94%	2.98%	-1.04%
Volatility (1Y) Calculated over the trailing 1-year period	2.48%	3.83%	-1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.90%	6.02%	-2.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.26%	4.98%	-1.72%

BIMIX vs. VBMPX - Expense Ratio Comparison

BIMIX has a 0.30% expense ratio, which is higher than VBMPX's 0.02% expense ratio.

Dividends

BIMIX vs. VBMPX - Dividend Comparison

BIMIX's dividend yield for the trailing twelve months is around 3.41%, less than VBMPX's 3.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIMIX Baird Intermediate Bond Fund Class Institutional	3.41%	3.67%	3.89%	3.21%	2.17%	2.27%	3.49%	2.52%	2.50%	2.35%	2.21%	2.57%
VBMPX Vanguard Total Bond Market Index Fund Institutional Plus Shares	3.74%	3.88%	3.69%	3.11%	2.61%	1.81%	2.41%	2.75%	2.58%	2.58%	2.55%	2.85%

Frequently Asked Questions

Can I hold both BIMIX and VBMPX in my portfolio?

BIMIX and VBMPX 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.

Which is riskier, BIMIX or VBMPX?

VBMPX has higher volatility (0.96%) compared to BIMIX (0.69%). In terms of maximum drawdown, BIMIX dropped -12.76% vs VBMPX's -18.90%.

Which has better risk-adjusted returns?

BIMIX currently has the higher Sharpe Ratio (0.90 vs 0.61), 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.