BMDSX vs. VBR
BMDSX (Baird Mid Cap Growth Fund) and VBR (Vanguard Small-Cap Value ETF) are both funds - BMDSX is a Mid Cap Growth Equities fund managed by Baird, while VBR is a Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index. Over the past 10 years, BMDSX returned 8.78%/yr vs 10.82%/yr for VBR. Their correlation of 0.85 means they have usually moved in the same direction. BMDSX charges 1.05%/yr vs 0.05%/yr for VBR.
Performance
BMDSX vs. VBR - Performance Comparison
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Returns By Period
In the year-to-date period, BMDSX achieves a 8.70% return, which is significantly lower than VBR's 19.84% return. Over the past 10 years, BMDSX has underperformed VBR with an annualized return of 8.78%, while VBR has yielded a comparatively higher 10.82% annualized return.
BMDSX
- 1D
- 0.93%
- 1M
- -0.22%
- 6M
- 6.49%
- YTD
- 8.70%
- 1Y
- -0.61%
- 3Y*
- 0.80%
- 5Y*
- -2.46%
- 10Y*
- 8.78%
- ALL TIME*
- 7.20%
VBR
- 1D
- 1.41%
- 1M
- 3.29%
- 6M
- 12.49%
- YTD
- 19.84%
- 1Y
- 29.30%
- 3Y*
- 15.90%
- 5Y*
- 10.29%
- 10Y*
- 10.82%
- ALL TIME*
- 9.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $58.20M | $56.01M | $67.88M |
BMDSX vs. VBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BMDSX Baird Mid Cap Growth Fund | 8.70% | -9.55% | -1.16% | 19.91% | -27.86% | 21.81% | 34.56% | 35.94% | -1.52% | 26.61% |
VBR Vanguard Small-Cap Value ETF | 19.84% | 9.09% | 12.40% | 16.00% | -9.38% | 28.08% | 5.90% | 22.78% | -12.28% | 11.81% |
Correlation
The correlation between BMDSX and VBR is 0.83, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.83 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.83 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.85 |
The correlation between BMDSX and VBR has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.
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Return for Risk
BMDSX vs. VBR — Risk / Return Rank
BMDSX
VBR
BMDSX vs. VBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Mid Cap Growth Fund (BMDSX) and Vanguard Small-Cap Value ETF (VBR). 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 | VBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.94 | ||
| Sortino ratioReturn per unit of downside risk | -2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.35 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.05 | 3.32 | -3.27 |
| Martin ratioReturn relative to average drawdown | 0.12 | 12.15 | -12.02 |
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Drawdowns
BMDSX vs. VBR - Drawdown Comparison
The maximum BMDSX drawdown since its inception was -53.96%, smaller than the maximum VBR drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for BMDSX and VBR.
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Drawdown Indicators
| BMDSX | VBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.96% | -61.98% | +8.02% |
Max Drawdown (1Y)Largest decline over 1 year | -13.20% | -8.85% | -4.35% |
Max Drawdown (3Y)Largest decline over 3 years | -25.04% | -24.19% | -0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -36.24% | -24.19% | -12.05% |
Max Drawdown (10Y)Largest decline over 10 years | -36.24% | -45.28% | +9.04% |
Current DrawdownCurrent decline from peak | -19.13% | 0.00% | -19.13% |
Average DrawdownAverage peak-to-trough decline | -11.00% | -8.21% | -2.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.71% | 2.42% | +3.29% |
Volatility
BMDSX vs. VBR - Volatility Comparison
The current volatility for Baird Mid Cap Growth Fund (BMDSX) is 3.49%, while Vanguard Small-Cap Value ETF (VBR) has a volatility of 3.81%. This indicates that BMDSX experiences smaller price fluctuations and is considered to be less risky than VBR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BMDSX | VBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.49% | 3.81% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 11.87% | 10.33% | +1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.47% | 14.89% | +0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.07% | 19.57% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.77% | 21.67% | -0.90% |
BMDSX vs. VBR - Expense Ratio Comparison
BMDSX has a 1.05% expense ratio, which is higher than VBR's 0.05% expense ratio.
Dividends
BMDSX vs. VBR - Dividend Comparison
BMDSX's dividend yield for the trailing twelve months is around 12.77%, more than VBR's 1.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMDSX Baird Mid Cap Growth Fund | 12.77% | 13.88% | 4.57% | 2.44% | 1.79% | 17.82% | 10.09% | 5.77% | 6.62% | 4.87% | 0.00% | 0.15% |
VBR Vanguard Small-Cap Value ETF | 1.72% | 1.95% | 1.98% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
Frequently Asked Questions
BMDSX and VBR have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VBR has higher volatility (3.81%) compared to BMDSX (3.49%). In terms of maximum drawdown, BMDSX dropped -53.96% vs VBR's -61.98%.
VBR currently has the higher Sharpe Ratio (1.98 vs 0.04), 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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