BMDSX vs. BAGIX
BMDSX (Baird Mid Cap Growth Fund) and BAGIX (Baird Aggregate Bond Fund Institutional Class) are both mutual funds - BMDSX is a Mid Cap Growth Equities fund managed by Baird, while BAGIX is a Intermediate Core Bond fund actively managed by Baird. Over the past 10 years, BMDSX returned 8.82%/yr vs 1.72%/yr for BAGIX. Their -0.14 correlation means they have often moved in opposite directions in the past. BMDSX charges 1.05%/yr vs 0.30%/yr for BAGIX.
Performance
BMDSX vs. BAGIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BMDSX achieves a 7.69% return, which is significantly higher than BAGIX's -0.51% return. Over the past 10 years, BMDSX has outperformed BAGIX with an annualized return of 8.82%, while BAGIX has yielded a comparatively lower 1.72% annualized return.
BMDSX
- 1D
- 0.55%
- 1M
- -1.14%
- 6M
- 4.48%
- YTD
- 7.69%
- 1Y
- -0.24%
- 3Y*
- -0.64%
- 5Y*
- -2.48%
- 10Y*
- 8.82%
- ALL TIME*
- 7.16%
BAGIX
- 1D
- -0.21%
- 1M
- -1.06%
- 6M
- -0.61%
- YTD
- -0.51%
- 1Y
- 1.98%
- 3Y*
- 4.36%
- 5Y*
- -0.17%
- 10Y*
- 1.72%
- ALL TIME*
- 4.12%
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 |
BMDSX vs. BAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMDSX Baird Mid Cap Growth Fund | 7.69% | -9.55% | -1.16% | 19.91% | -27.86% | 21.81% | 34.56% | 35.94% | -1.52% | 26.61% |
BAGIX Baird Aggregate Bond Fund Institutional Class | -0.51% | 7.37% | 1.85% | 6.42% | -13.35% | -1.46% | 8.63% | 9.48% | -0.31% | 4.20% |
Correlation
The correlation between BMDSX and BAGIX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.26 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.21 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2000 | -0.14 |
The correlation between BMDSX and BAGIX shifts across timeframes, from -0.14 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
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
BMDSX vs. BAGIX — Risk / Return Rank
BMDSX
BAGIX
BMDSX vs. BAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Mid Cap Growth Fund (BMDSX) and Baird Aggregate Bond Fund Institutional Class (BAGIX). 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.
| BMDSX | BAGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.13 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 1.04 | -1.15 |
| Martin ratioReturn relative to average drawdown | -0.26 | 2.56 | -2.82 |
Loading charts...
Drawdowns
BMDSX vs. BAGIX - Drawdown Comparison
The maximum BMDSX drawdown since its inception was -53.96%, which is greater than BAGIX's maximum drawdown of -18.62%. Use the drawdown chart below to compare losses from any high point for BMDSX and BAGIX.
Loading charts...
Drawdown Indicators
| BMDSX | BAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.96% | -18.62% | -35.34% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -2.72% | -10.60% |
Max Drawdown (3Y)Largest decline over 3 years | -25.04% | -5.06% | -19.98% |
Max Drawdown (5Y)Largest decline over 5 years | -36.24% | -18.51% | -17.73% |
Max Drawdown (10Y)Largest decline over 10 years | -36.24% | -18.62% | -17.62% |
Current DrawdownCurrent decline from peak | -19.88% | -2.29% | -17.59% |
Average DrawdownAverage peak-to-trough decline | -11.00% | -2.35% | -8.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.71% | 1.10% | +4.61% |
Volatility
BMDSX vs. BAGIX - Volatility Comparison
Baird Mid Cap Growth Fund (BMDSX) has a higher volatility of 3.35% compared to Baird Aggregate Bond Fund Institutional Class (BAGIX) at 0.98%. This indicates that BMDSX's price experiences larger fluctuations and is considered to be riskier than BAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BMDSX | BAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 0.98% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 2.82% | +9.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.52% | 3.70% | +11.82% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.06% | 5.93% | +15.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.76% | 4.89% | +15.87% |
BMDSX vs. BAGIX - Expense Ratio Comparison
BMDSX has a 1.05% expense ratio, which is higher than BAGIX's 0.30% expense ratio.
Dividends
BMDSX vs. BAGIX - Dividend Comparison
BMDSX's dividend yield for the trailing twelve months is around 12.89%, more than BAGIX's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Institutional Class | 4.32% | 4.12% | 4.03% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.25% | 2.46% |
BMDSX Baird Mid Cap Growth Fund | 12.89% | 13.88% | 4.57% | 2.44% | 1.79% | 17.82% | 10.09% | 5.77% | 6.62% | 4.87% | 0.00% | 0.15% |
Frequently Asked Questions
BMDSX and BAGIX have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BMDSX has higher volatility (3.35%) compared to BAGIX (0.98%). In terms of maximum drawdown, BMDSX dropped -53.96% vs BAGIX's -18.62%.
BAGIX currently has the higher Sharpe Ratio (0.76 vs -0.10), 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 BMDSX and BAGIX
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