BKAG vs. BAGSX
BKAG (BNY Mellon Core Bond ETF) and BAGSX (Baird Aggregate Bond Fund) are both funds - BKAG is a Total Bond Market fund tracking the Bloomberg US Aggregate Total Return Index, while BAGSX is a Intermediate Core Bond fund managed by Baird. Over the past 5 years, BKAG returned 0.05%/yr vs 0.04%/yr for BAGSX. With a 0.95 correlation, they move nearly in lockstep. BKAG charges 0.00%/yr vs 0.55%/yr for BAGSX.
Performance
BKAG vs. BAGSX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BKAG achieves a 0.55% return, which is significantly higher than BAGSX's 0.21% return.
BKAG
- 1D
- 0.19%
- 1M
- 0.74%
- YTD
- 0.55%
- 6M
- 0.69%
- 1Y
- 4.37%
- 3Y*
- 3.97%
- 5Y*
- 0.05%
- 10Y*
- —
BAGSX
- 1D
- -0.29%
- 1M
- 0.72%
- YTD
- 0.21%
- 6M
- 0.42%
- 1Y
- 4.05%
- 3Y*
- 4.14%
- 5Y*
- 0.04%
- 10Y*
- 1.66%
BKAG vs. BAGSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
BKAG BNY Mellon Core Bond ETF | 0.55% | 7.23% | 1.17% | 5.67% | -13.29% | -1.46% | 2.12% |
BAGSX Baird Aggregate Bond Fund | 0.21% | 7.11% | 1.63% | 6.12% | -13.52% | -1.74% | 4.26% |
Correlation
The correlation between BKAG and BAGSX is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.95 |
The correlation between BKAG and BAGSX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BKAG vs. BAGSX — Risk / Return Rank
BKAG
BAGSX
BKAG vs. BAGSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Core Bond ETF (BKAG) and Baird Aggregate Bond Fund (BAGSX). 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.
| BKAG | BAGSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.21 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.59 | 1.54 | +0.05 |
| Martin ratioReturn relative to average drawdown | 4.43 | 4.27 | +0.16 |
Loading charts...
Drawdowns
BKAG vs. BAGSX - Drawdown Comparison
The maximum BKAG drawdown since its inception was -18.53%, roughly equal to the maximum BAGSX drawdown of -18.97%. Use the drawdown chart below to compare losses from any high point for BKAG and BAGSX.
Loading charts...
Drawdown Indicators
| BKAG | BAGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.53% | -18.97% | +0.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.76% | -2.84% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | -6.04% | -6.17% | +0.13% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -18.84% | +0.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.97% | — |
Current DrawdownCurrent decline from peak | -2.06% | -1.63% | -0.43% |
Average DrawdownAverage peak-to-trough decline | -7.08% | -2.52% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 1.02% | -0.03% |
Volatility
BKAG vs. BAGSX - Volatility Comparison
The current volatility for BNY Mellon Core Bond ETF (BKAG) is 1.05%, while Baird Aggregate Bond Fund (BAGSX) has a volatility of 1.15%. This indicates that BKAG experiences smaller price fluctuations and is considered to be less risky than BAGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BKAG | BAGSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.05% | 1.15% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 2.81% | 2.77% | +0.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.82% | 3.74% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 5.93% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.54% | 4.90% | +0.64% |
BKAG vs. BAGSX - Expense Ratio Comparison
BKAG has a 0.00% expense ratio, which is lower than BAGSX's 0.55% expense ratio.
Dividends
BKAG vs. BAGSX - Dividend Comparison
BKAG's dividend yield for the trailing twelve months is around 4.23%, more than BAGSX's 3.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGSX Baird Aggregate Bond Fund | 3.81% | 3.69% | 3.62% | 3.10% | 2.33% | 1.68% | 3.02% | 2.41% | 2.53% | 2.21% | 1.96% | 2.14% |
BKAG BNY Mellon Core Bond ETF | 4.23% | 4.17% | 4.26% | 3.33% | 2.49% | 1.55% | 1.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, BKAG and BAGSX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BAGSX has higher volatility (1.15%) compared to BKAG (1.05%). In terms of maximum drawdown, BKAG dropped -18.53% vs BAGSX's -18.97%.
BAGSX currently has the higher Sharpe Ratio (1.17 vs 1.15), 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.
Find the right allocation for BKAG and BAGSX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer