BIMSX vs. VEU

Last updated Jun 13, 2026

BIMSX (Baird Intermediate Bond Fund) and VEU (Vanguard FTSE All-World ex-US ETF) are both funds - BIMSX is a Intermediate Core Bond fund managed by Baird, while VEU is a Foreign Large Cap Equities fund tracking the FTSE All-World ex US Index. Over the past 10 years, BIMSX returned 1.95%/yr vs 10.41%/yr for VEU. At a correlation of -0.13, they often move in opposite directions. BIMSX charges 0.55%/yr vs 0.04%/yr for VEU.

Performance

BIMSX vs. VEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baird Intermediate Bond Fund (BIMSX) and Vanguard FTSE All-World ex-US ETF (VEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIMSX achieves a 0.27% return, which is significantly lower than VEU's 14.08% return. Over the past 10 years, BIMSX has underperformed VEU with an annualized return of 1.95%, while VEU has yielded a comparatively higher 10.41% annualized return.

BIMSX

• 1D: 0.36%
• 1M: 0.68%
• YTD: 0.27%
• 6M: 0.71%
• 1Y: 4.00%
• 3Y*: 4.59%
• 5Y*: 1.03%
• 10Y*: 1.95%

VEU

• 1D: 0.40%
• 1M: 3.43%
• YTD: 14.08%
• 6M: 15.91%
• 1Y: 30.59%
• 3Y*: 18.67%
• 5Y*: 8.56%
• 10Y*: 10.41%

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

BIMSX vs. VEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIMSX Baird Intermediate Bond Fund	0.27%	6.76%	3.21%	5.53%	-8.88%	-1.68%	7.16%	6.83%	0.30%	2.53%
VEU Vanguard FTSE All-World ex-US ETF	14.08%	32.35%	5.56%	15.84%	-15.58%	8.27%	11.10%	21.83%	-14.18%	27.40%

Correlation

The correlation between BIMSX and VEU is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.19
Correlation (10Y) Calculated over the trailing 10-year period	0.05
Correlation (All Time) Calculated using the full available price history since Mar 8, 2007	-0.13

The correlation between BIMSX and VEU shifts across timeframes, from -0.13 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BIMSX vs. VEU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIMSX

BIMSX Risk / Return Rank: 47
BIMSX Sharpe Ratio Rank: 48
BIMSX Sortino Ratio Rank: 56
BIMSX Omega Ratio Rank: 49
BIMSX Calmar Ratio Rank: 46
BIMSX Martin Ratio Rank: 34

VEU

VEU Risk / Return Rank: 61
VEU Sharpe Ratio Rank: 62
VEU Sortino Ratio Rank: 61
VEU Omega Ratio Rank: 63
VEU Calmar Ratio Rank: 58
VEU Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIMSX vs. VEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baird Intermediate Bond Fund (BIMSX) and Vanguard FTSE All-World ex-US ETF (VEU). 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	VEU	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.79	-0.18
Sortino ratio: Return per unit of downside risk	2.48	2.48	-0.01
Omega ratio: Gain probability vs. loss probability	1.30	1.33	-0.03
Calmar ratio: Return relative to maximum drawdown	2.15	2.53	-0.38
Martin ratio: Return relative to average drawdown	6.36	9.70	-3.34

BIMSX vs. VEU - Sharpe Ratio Comparison

The current BIMSX Sharpe Ratio is 1.61, which is comparable to the VEU Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of BIMSX and VEU, 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

BIMSX vs. VEU - Drawdown Comparison

The maximum BIMSX drawdown since its inception was -13.07%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for BIMSX and VEU.

Drawdown Indicators

	BIMSX	VEU	Difference
Max Drawdown Largest peak-to-trough decline	-13.07%	-61.52%	+48.45%
Max Drawdown (1Y) Largest decline over 1 year	-1.87%	-11.43%	+9.56%
Max Drawdown (3Y) Largest decline over 3 years	-2.57%	-13.69%	+11.12%
Max Drawdown (5Y) Largest decline over 5 years	-13.00%	-29.14%	+16.14%
Max Drawdown (10Y) Largest decline over 10 years	-13.07%	-34.98%	+21.91%
Current Drawdown Current decline from peak	-0.89%	-1.42%	+0.53%
Average Drawdown Average peak-to-trough decline	-1.59%	-13.12%	+11.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.63%	2.99%	-2.36%

Volatility

BIMSX vs. VEU - Volatility Comparison

The current volatility for Baird Intermediate Bond Fund (BIMSX) is 0.88%, while Vanguard FTSE All-World ex-US ETF (VEU) has a volatility of 6.77%. This indicates that BIMSX experiences smaller price fluctuations and is considered to be less risky than VEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIMSX	VEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.88%	6.77%	-5.89%
Volatility (6M) Calculated over the trailing 6-month period	1.84%	14.06%	-12.22%
Volatility (1Y) Calculated over the trailing 1-year period	2.50%	16.18%	-13.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.88%	16.23%	-12.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.25%	17.25%	-14.00%

BIMSX vs. VEU - Expense Ratio Comparison

BIMSX has a 0.55% expense ratio, which is higher than VEU's 0.04% expense ratio.

Dividends

BIMSX vs. VEU - Dividend Comparison

BIMSX's dividend yield for the trailing twelve months is around 3.59%, more than VEU's 2.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIMSX Baird Intermediate Bond Fund	3.59%	3.50%	3.44%	2.81%	1.81%	1.90%	3.08%	2.16%	2.14%	1.98%	1.89%	2.21%
VEU Vanguard FTSE All-World ex-US ETF	2.62%	3.09%	3.24%	3.32%	3.12%	3.08%	2.00%	3.10%	3.27%	2.66%	2.96%	2.95%

Frequently Asked Questions

Can I hold both BIMSX and VEU in my portfolio?

BIMSX and VEU have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIMSX or VEU?

VEU has higher volatility (6.77%) compared to BIMSX (0.88%). In terms of maximum drawdown, BIMSX dropped -13.07% vs VEU's -61.52%.

Which has better risk-adjusted returns?

VEU currently has the higher Sharpe Ratio (1.79 vs 1.61), 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.