BSBIX vs. GPARX
Compare and contrast key facts about Baird Short-Term Bond Fund Institutional Class (BSBIX) and GuidePath Absolute Return Allocation Fund (GPARX).
BSBIX is a passively managed fund by Baird that tracks the performance of the Bloomberg Barclays 1-3 Year U.S. Government/Credit Bond Index. It was launched on Aug 31, 2004. GPARX is managed by GuidePath. It was launched on Apr 29, 2011.
Performance
BSBIX vs. GPARX - Performance Comparison
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BSBIX vs. GPARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSBIX Baird Short-Term Bond Fund Institutional Class | 0.27% | 5.67% | 4.99% | 5.65% | -3.64% | -0.42% | 4.23% | 4.68% | 1.49% | 1.53% |
GPARX GuidePath Absolute Return Allocation Fund | 5.39% | 7.42% | 4.20% | 6.87% | -10.82% | 0.75% | 3.92% | 7.47% | -1.64% | 4.50% |
Returns By Period
In the year-to-date period, BSBIX achieves a 0.27% return, which is significantly lower than GPARX's 5.39% return. Over the past 10 years, BSBIX has underperformed GPARX with an annualized return of 2.51%, while GPARX has yielded a comparatively higher 3.33% annualized return.
BSBIX
- 1D
- 0.00%
- 1M
- -0.39%
- YTD
- 0.27%
- 6M
- 1.29%
- 1Y
- 4.15%
- 3Y*
- 5.01%
- 5Y*
- 2.46%
- 10Y*
- 2.51%
GPARX
- 1D
- 0.59%
- 1M
- -0.39%
- YTD
- 5.39%
- 6M
- 7.20%
- 1Y
- 11.06%
- 3Y*
- 7.14%
- 5Y*
- 2.64%
- 10Y*
- 3.33%
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BSBIX vs. GPARX - Expense Ratio Comparison
BSBIX has a 0.30% expense ratio, which is lower than GPARX's 0.99% expense ratio.
Return for Risk
BSBIX vs. GPARX — Risk / Return Rank
BSBIX
GPARX
BSBIX vs. GPARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Short-Term Bond Fund Institutional Class (BSBIX) and GuidePath Absolute Return Allocation Fund (GPARX). 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.
| BSBIX | GPARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.02 | 1.73 | +1.29 |
Sortino ratioReturn per unit of downside risk | 4.76 | 2.29 | +2.47 |
Omega ratioGain probability vs. loss probability | 1.81 | 1.38 | +0.43 |
Calmar ratioReturn relative to maximum drawdown | 4.54 | 2.44 | +2.10 |
Martin ratioReturn relative to average drawdown | 20.13 | 11.20 | +8.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSBIX | GPARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 1.73 | +1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.54 | +0.74 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 1.51 | 0.79 | +0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.64 | 0.76 | +0.88 |
Correlation
The correlation between BSBIX and GPARX is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BSBIX vs. GPARX - Dividend Comparison
BSBIX's dividend yield for the trailing twelve months is around 4.30%, more than GPARX's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSBIX Baird Short-Term Bond Fund Institutional Class | 4.30% | 4.35% | 4.34% | 3.41% | 1.79% | 1.42% | 2.61% | 2.49% | 2.20% | 1.73% | 1.60% | 1.62% |
GPARX GuidePath Absolute Return Allocation Fund | 3.14% | 3.31% | 4.99% | 4.81% | 2.42% | 1.99% | 2.45% | 2.76% | 2.27% | 1.60% | 3.17% | 2.15% |
Drawdowns
BSBIX vs. GPARX - Drawdown Comparison
The maximum BSBIX drawdown since its inception was -5.95%, smaller than the maximum GPARX drawdown of -15.56%. Use the drawdown chart below to compare losses from any high point for BSBIX and GPARX.
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Drawdown Indicators
| BSBIX | GPARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.95% | -15.56% | +9.61% |
Max Drawdown (1Y)Largest decline over 1 year | -0.94% | -4.68% | +3.74% |
Max Drawdown (5Y)Largest decline over 5 years | -5.95% | -15.56% | +9.61% |
Max Drawdown (10Y)Largest decline over 10 years | -5.95% | -15.56% | +9.61% |
Current DrawdownCurrent decline from peak | -0.59% | -0.88% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -0.55% | -2.40% | +1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.21% | 1.02% | -0.81% |
Volatility
BSBIX vs. GPARX - Volatility Comparison
The current volatility for Baird Short-Term Bond Fund Institutional Class (BSBIX) is 0.53%, while GuidePath Absolute Return Allocation Fund (GPARX) has a volatility of 2.14%. This indicates that BSBIX experiences smaller price fluctuations and is considered to be less risky than GPARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSBIX | GPARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.53% | 2.14% | -1.61% |
Volatility (6M)Calculated over the trailing 6-month period | 0.86% | 6.13% | -5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.42% | 6.57% | -5.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.93% | 4.94% | -3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.67% | 4.23% | -2.56% |