BMDSX vs. IMCG
Compare and contrast key facts about Baird Mid Cap Growth Fund (BMDSX) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
BMDSX is managed by Baird. It was launched on Dec 29, 2000. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BMDSX or IMCG.
Key characteristics
| BMDSX | IMCG | |
|---|---|---|
| YTD Return | 8.97% | 5.92% |
| 1Y Return | 7.57% | 2.94% |
| 5Y Return (Ann) | 10.19% | 10.12% |
| 10Y Return (Ann) | 10.44% | 11.23% |
| Sharpe Ratio | 0.41 | 0.23 |
| Daily Std Dev | 26.68% | 24.98% |
| Max Drawdown | -53.96% | -58.96% |
Correlation
The correlation between BMDSX and IMCG is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
BMDSX vs. IMCG - Performance Comparison
In the year-to-date period, BMDSX achieves a 8.97% return, which is significantly higher than IMCG's 5.92% return. Over the past 10 years, BMDSX has underperformed IMCG with an annualized return of 10.44%, while IMCG has yielded a comparatively higher 11.23% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BMDSX vs. IMCG - Dividend Comparison
BMDSX's dividend yield for the trailing twelve months is around 1.64%, more than IMCG's 1.08% yield.
| TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMDSX Baird Mid Cap Growth Fund | 1.64% | 1.79% | 18.11% | 12.12% | 7.66% | 9.29% | 7.33% | 0.00% | 0.24% | 1.69% | 3.41% | 1.32% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 1.08% | 0.91% | 0.42% | 0.09% | 0.30% | 0.36% | 0.46% | 0.54% | 0.39% | 0.62% | 0.38% | 0.83% |
BMDSX vs. IMCG - Expense Ratio Comparison
BMDSX vs. IMCG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Mid Cap Growth Fund (BMDSX) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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.
| Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
|---|---|---|---|---|---|
BMDSX Baird Mid Cap Growth Fund | 0.41 | ||||
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.23 |
BMDSX vs. IMCG - Drawdown Comparison
The maximum BMDSX drawdown for the period was -31.72%, roughly equal to the maximum IMCG drawdown of -29.94%. The drawdown chart below compares losses from any high point along the way for BMDSX and IMCG
BMDSX vs. IMCG - Volatility Comparison
Baird Mid Cap Growth Fund (BMDSX) and iShares Morningstar Mid-Cap Growth ETF (IMCG) have volatilities of 4.35% and 4.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.