BMDSX vs. BAGSX
BMDSX (Baird Mid Cap Growth Fund) and BAGSX (Baird Aggregate Bond Fund) are both mutual funds - BMDSX is a Mid Cap Growth Equities fund managed by Baird, while BAGSX is a Intermediate Core Bond fund managed by Baird. Over the past 10 years, BMDSX returned 8.82%/yr vs 1.47%/yr for BAGSX. Their -0.14 correlation means they have often moved in opposite directions in the past. BMDSX charges 1.05%/yr vs 0.55%/yr for BAGSX.
Performance
BMDSX vs. BAGSX - Performance Comparison
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Returns By Period
In the year-to-date period, BMDSX achieves a 7.69% return, which is significantly higher than BAGSX's -0.73% return. Over the past 10 years, BMDSX has outperformed BAGSX with an annualized return of 8.82%, while BAGSX has yielded a comparatively lower 1.47% 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%
BAGSX
- 1D
- -0.30%
- 1M
- -1.14%
- 6M
- -0.71%
- YTD
- -0.73%
- 1Y
- 1.73%
- 3Y*
- 4.09%
- 5Y*
- -0.42%
- 10Y*
- 1.47%
- ALL TIME*
- 3.89%
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. BAGSX - 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% |
BAGSX Baird Aggregate Bond Fund | -0.73% | 7.11% | 1.63% | 6.12% | -13.52% | -1.74% | 8.42% | 9.17% | -0.55% | 3.90% |
Correlation
The correlation between BMDSX and BAGSX 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. | 0.27 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.22 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2000 | -0.14 |
The correlation between BMDSX and BAGSX shifts across timeframes, from -0.14 (all time) to 0.40 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BMDSX vs. BAGSX — Risk / Return Rank
BMDSX
BAGSX
BMDSX vs. BAGSX - 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 (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.
| BMDSX | BAGSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.00 | 1.12 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.89 | -1.01 |
| Martin ratioReturn relative to average drawdown | -0.26 | 2.17 | -2.43 |
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Drawdowns
BMDSX vs. BAGSX - Drawdown Comparison
The maximum BMDSX drawdown since its inception was -53.96%, which is greater than BAGSX's maximum drawdown of -18.97%. Use the drawdown chart below to compare losses from any high point for BMDSX and BAGSX.
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Drawdown Indicators
| BMDSX | BAGSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.96% | -18.97% | -34.99% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -2.84% | -10.48% |
Max Drawdown (3Y)Largest decline over 3 years | -25.04% | -5.11% | -19.93% |
Max Drawdown (5Y)Largest decline over 5 years | -36.24% | -18.73% | -17.51% |
Max Drawdown (10Y)Largest decline over 10 years | -36.24% | -18.97% | -17.27% |
Current DrawdownCurrent decline from peak | -19.88% | -2.55% | -17.33% |
Average DrawdownAverage peak-to-trough decline | -11.00% | -2.52% | -8.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.71% | 1.17% | +4.54% |
Volatility
BMDSX vs. BAGSX - Volatility Comparison
Baird Mid Cap Growth Fund (BMDSX) has a higher volatility of 3.35% compared to Baird Aggregate Bond Fund (BAGSX) at 0.95%. This indicates that BMDSX's price experiences larger fluctuations and is considered to be riskier than BAGSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMDSX | BAGSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 0.95% | +2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 2.90% | +9.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.52% | 3.71% | +11.81% |
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% | 4.90% | +15.86% |
BMDSX vs. BAGSX - Expense Ratio Comparison
BMDSX has a 1.05% expense ratio, which is higher than BAGSX's 0.55% expense ratio.
Dividends
BMDSX vs. BAGSX - Dividend Comparison
BMDSX's dividend yield for the trailing twelve months is around 12.89%, more than BAGSX's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGSX Baird Aggregate Bond Fund | 3.88% | 3.69% | 3.62% | 3.10% | 2.33% | 1.68% | 3.02% | 2.41% | 2.53% | 2.21% | 1.96% | 2.14% |
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 BAGSX 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 BAGSX (0.95%). In terms of maximum drawdown, BMDSX dropped -53.96% vs BAGSX's -18.97%.
BAGSX currently has the higher Sharpe Ratio (0.69 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.
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