BIMSX vs. BIMIX
BIMSX (Baird Intermediate Bond Fund) and BIMIX (Baird Intermediate Bond Fund Class Institutional) are both Intermediate Core Bond funds from Baird. Over the past 10 years, BIMSX returned 1.83%/yr vs 1.98%/yr for BIMIX. Their correlation of 0.95 means they have usually moved in the same direction. BIMSX charges 0.55%/yr vs 0.30%/yr for BIMIX.
Performance
BIMSX vs. BIMIX - Performance Comparison
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Returns By Period
In the year-to-date period, BIMSX achieves a 0.06% return, which is significantly higher than BIMIX's -0.46% return. Over the past 10 years, BIMSX has underperformed BIMIX with an annualized return of 1.83%, while BIMIX has yielded a comparatively higher 1.98% annualized return.
BIMSX
- 1D
- 0.09%
- 1M
- -0.22%
- 6M
- -0.02%
- YTD
- 0.06%
- 1Y
- 2.13%
- 3Y*
- 4.52%
- 5Y*
- 0.88%
- 10Y*
- 1.83%
- ALL TIME*
- 3.70%
BIMIX
- 1D
- 0.10%
- 1M
- -0.31%
- 6M
- -0.57%
- YTD
- -0.46%
- 1Y
- 1.64%
- 3Y*
- 4.43%
- 5Y*
- 0.92%
- 10Y*
- 1.98%
- ALL TIME*
- 3.90%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BIMSX vs. BIMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIMSX Baird Intermediate Bond Fund | 0.06% | 6.76% | 3.21% | 5.53% | -8.88% | -1.68% | 7.16% | 6.83% | 0.30% | 2.53% |
BIMIX Baird Intermediate Bond Fund Class Institutional | -0.46% | 6.69% | 3.45% | 5.78% | -8.64% | -1.41% | 7.42% | 7.05% | 0.58% | 2.74% |
Correlation
The correlation between BIMSX and BIMIX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.95 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2000 | 0.95 |
The correlation between BIMSX and BIMIX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
BIMSX vs. BIMIX — Risk / Return Rank
BIMSX
BIMIX
BIMSX vs. BIMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Intermediate Bond Fund (BIMSX) and Baird Intermediate Bond Fund Class Institutional (BIMIX). 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.
| BIMSX | BIMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.18 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 1.17 | +0.38 |
| Martin ratioReturn relative to average drawdown | 3.97 | 2.59 | +1.38 |
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Drawdowns
BIMSX vs. BIMIX - Drawdown Comparison
The maximum BIMSX drawdown since its inception was -13.07%, roughly equal to the maximum BIMIX drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for BIMSX and BIMIX.
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Drawdown Indicators
| BIMSX | BIMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.07% | -12.76% | -0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -1.87% | -2.08% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -2.37% | -2.36% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -13.00% | -12.68% | -0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -13.07% | -12.76% | -0.31% |
Current DrawdownCurrent decline from peak | -1.10% | -1.72% | +0.62% |
Average DrawdownAverage peak-to-trough decline | -1.58% | -1.48% | -0.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 0.93% | -0.21% |
Volatility
BIMSX vs. BIMIX - Volatility Comparison
Baird Intermediate Bond Fund (BIMSX) and Baird Intermediate Bond Fund Class Institutional (BIMIX) have volatilities of 0.67% and 0.68%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIMSX | BIMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 0.68% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 1.95% | 1.94% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.49% | 2.49% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.88% | 3.90% | -0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 3.26% | -0.01% |
BIMSX vs. BIMIX - Expense Ratio Comparison
BIMSX has a 0.55% expense ratio, which is higher than BIMIX's 0.30% expense ratio.
Dividends
BIMSX vs. BIMIX - Dividend Comparison
BIMSX's dividend yield for the trailing twelve months is around 3.61%, more than BIMIX's 3.41% 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% |
BIMSX Baird Intermediate Bond Fund | 3.61% | 3.50% | 3.44% | 2.81% | 1.81% | 1.90% | 3.08% | 2.16% | 2.14% | 1.98% | 1.89% | 2.21% |
Frequently Asked Questions
BIMSX and BIMIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIMIX has higher volatility (0.68%) compared to BIMSX (0.67%). In terms of maximum drawdown, BIMSX dropped -13.07% vs BIMIX's -12.76%.
BIMSX currently has the higher Sharpe Ratio (1.16 vs 0.98), 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.
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