BMDSX vs. RIPIX
BMDSX (Baird Mid Cap Growth Fund) and RIPIX (Royce International Premier Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 5 years, BMDSX returned -2.59%/yr vs -4.45%/yr for RIPIX. Their 0.63 correlation means they have sometimes moved together and sometimes differently. BMDSX charges 1.05%/yr vs 1.04%/yr for RIPIX.
Performance
BMDSX vs. RIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, BMDSX achieves a 7.10% return, which is significantly higher than RIPIX's 1.92% return.
BMDSX
- 1D
- -0.33%
- 1M
- -1.68%
- 6M
- 4.81%
- YTD
- 7.10%
- 1Y
- -0.79%
- 3Y*
- -0.95%
- 5Y*
- -2.59%
- 10Y*
- 8.65%
- ALL TIME*
- 7.14%
RIPIX
- 1D
- 2.16%
- 1M
- -0.16%
- 6M
- 1.27%
- YTD
- 1.92%
- 1Y
- -2.65%
- 3Y*
- 2.08%
- 5Y*
- -4.45%
- 10Y*
- —
- ALL TIME*
- 2.19%
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. RIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BMDSX Baird Mid Cap Growth Fund | 7.10% | -9.55% | -1.16% | 19.91% | -27.86% | 21.81% | 34.56% | 35.94% | -7.56% |
RIPIX Royce International Premier Fund Institutional Class | 1.92% | 9.89% | -7.04% | 8.14% | -26.99% | 6.22% | 16.11% | 34.69% | -12.52% |
Correlation
The correlation between BMDSX and RIPIX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.56 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 18, 2018 | 0.63 |
The correlation between BMDSX and RIPIX shifts across timeframes, from 0.54 (1 year) to 0.64 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BMDSX vs. RIPIX — Risk / Return Rank
BMDSX
RIPIX
BMDSX vs. RIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Mid Cap Growth Fund (BMDSX) and Royce International Premier Fund Institutional Class (RIPIX). 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 | RIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.04 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 0.98 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.26 | -0.17 | -0.08 |
| Martin ratioReturn relative to average drawdown | -0.60 | -0.43 | -0.17 |
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Drawdowns
BMDSX vs. RIPIX - Drawdown Comparison
The maximum BMDSX drawdown since its inception was -53.96%, which is greater than RIPIX's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for BMDSX and RIPIX.
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Drawdown Indicators
| BMDSX | RIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.96% | -41.89% | -12.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -15.33% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -25.04% | -17.28% | -7.76% |
Max Drawdown (5Y)Largest decline over 5 years | -36.24% | -41.89% | +5.65% |
Max Drawdown (10Y)Largest decline over 10 years | -36.24% | — | — |
Current DrawdownCurrent decline from peak | -20.32% | -24.88% | +4.56% |
Average DrawdownAverage peak-to-trough decline | -11.00% | -18.16% | +7.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.84% | 6.21% | +0.63% |
Volatility
BMDSX vs. RIPIX - Volatility Comparison
The current volatility for Baird Mid Cap Growth Fund (BMDSX) is 3.29%, while Royce International Premier Fund Institutional Class (RIPIX) has a volatility of 4.62%. This indicates that BMDSX experiences smaller price fluctuations and is considered to be less risky than RIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMDSX | RIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.29% | 4.62% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 11.90% | 11.56% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.52% | 13.80% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 15.54% | +5.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.76% | 16.13% | +4.63% |
BMDSX vs. RIPIX - Expense Ratio Comparison
BMDSX has a 1.05% expense ratio, which is higher than RIPIX's 1.04% expense ratio.
Dividends
BMDSX vs. RIPIX - Dividend Comparison
BMDSX's dividend yield for the trailing twelve months is around 12.96%, more than RIPIX's 1.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMDSX Baird Mid Cap Growth Fund | 12.96% | 13.88% | 4.57% | 2.44% | 1.79% | 17.82% | 10.09% | 5.77% | 6.62% | 4.87% | 0.00% | 0.15% |
RIPIX Royce International Premier Fund Institutional Class | 1.43% | 1.46% | 5.66% | 3.09% | 3.87% | 5.02% | 0.36% | 0.58% | 0.54% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BMDSX and RIPIX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RIPIX has higher volatility (4.62%) compared to BMDSX (3.29%). In terms of maximum drawdown, BMDSX dropped -53.96% vs RIPIX's -41.89%.
RIPIX currently has the higher Sharpe Ratio (-0.19 vs -0.22), 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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