BIMSX vs. VGSH
BIMSX (Baird Intermediate Bond Fund) and VGSH (Vanguard Short-Term Treasury ETF) are both funds - BIMSX is a Intermediate Core Bond fund managed by Baird, while VGSH is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. Over the past 10 years, BIMSX returned 1.95%/yr vs 1.73%/yr for VGSH. A 0.74 correlation means they provide meaningful diversification when combined. BIMSX charges 0.55%/yr vs 0.03%/yr for VGSH.
Performance
BIMSX vs. VGSH - Performance Comparison
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Returns By Period
In the year-to-date period, BIMSX achieves a 0.27% return, which is significantly lower than VGSH's 0.57% return. Over the past 10 years, BIMSX has outperformed VGSH with an annualized return of 1.95%, while VGSH has yielded a comparatively lower 1.73% 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%
VGSH
- 1D
- -0.03%
- 1M
- 0.28%
- YTD
- 0.57%
- 6M
- 0.83%
- 1Y
- 3.36%
- 3Y*
- 4.25%
- 5Y*
- 1.83%
- 10Y*
- 1.73%
BIMSX vs. VGSH - 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% |
VGSH Vanguard Short-Term Treasury ETF | 0.57% | 5.07% | 4.00% | 4.31% | -3.86% | -0.60% | 3.04% | 3.52% | 1.55% | 0.04% |
Correlation
The correlation between BIMSX and VGSH is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | 0.74 |
The correlation between BIMSX and VGSH shifts across timeframes, from 0.74 (all time) to 0.88 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BIMSX vs. VGSH — Risk / Return Rank
BIMSX
VGSH
BIMSX vs. VGSH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Intermediate Bond Fund (BIMSX) and Vanguard Short-Term Treasury ETF (VGSH). 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 | VGSH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.83 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.55 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.15 | 3.76 | -1.61 |
| Martin ratioReturn relative to average drawdown | 6.36 | 14.67 | -8.31 |
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Drawdowns
BIMSX vs. VGSH - Drawdown Comparison
The maximum BIMSX drawdown since its inception was -13.07%, which is greater than VGSH's maximum drawdown of -5.70%. Use the drawdown chart below to compare losses from any high point for BIMSX and VGSH.
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Drawdown Indicators
| BIMSX | VGSH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.07% | -5.70% | -7.37% |
Max Drawdown (1Y)Largest decline over 1 year | -1.87% | -0.88% | -0.99% |
Max Drawdown (3Y)Largest decline over 3 years | -2.57% | -0.97% | -1.60% |
Max Drawdown (5Y)Largest decline over 5 years | -13.00% | -5.66% | -7.34% |
Max Drawdown (10Y)Largest decline over 10 years | -13.07% | -5.70% | -7.37% |
Current DrawdownCurrent decline from peak | -0.89% | -0.21% | -0.68% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -0.60% | -0.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.63% | 0.23% | +0.40% |
Volatility
BIMSX vs. VGSH - Volatility Comparison
Baird Intermediate Bond Fund (BIMSX) has a higher volatility of 0.88% compared to Vanguard Short-Term Treasury ETF (VGSH) at 0.37%. This indicates that BIMSX's price experiences larger fluctuations and is considered to be riskier than VGSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIMSX | VGSH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 0.37% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 1.84% | 0.90% | +0.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.50% | 1.28% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.88% | 1.97% | +1.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 1.58% | +1.67% |
BIMSX vs. VGSH - Expense Ratio Comparison
BIMSX has a 0.55% expense ratio, which is higher than VGSH's 0.03% expense ratio.
Dividends
BIMSX vs. VGSH - Dividend Comparison
BIMSX's dividend yield for the trailing twelve months is around 3.59%, less than VGSH's 3.87% 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% |
VGSH Vanguard Short-Term Treasury ETF | 3.87% | 4.00% | 4.18% | 3.31% | 1.15% | 0.66% | 1.74% | 2.28% | 1.79% | 1.10% | 0.84% | 0.69% |
Frequently Asked Questions
BIMSX and VGSH have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIMSX has higher volatility (0.88%) compared to VGSH (0.37%). In terms of maximum drawdown, BIMSX dropped -13.07% vs VGSH's -5.70%.
VGSH currently has the higher Sharpe Ratio (2.61 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.
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