BSGSX vs. BAGSX

Last updated Jun 3, 2026

BSGSX (Baird Small/Mid Cap Growth Fund) and BAGSX (Baird Aggregate Bond Fund) are both mutual funds - BSGSX is a Mid Cap Growth Equities fund managed by Baird, while BAGSX is a Intermediate Core Bond fund managed by Baird. Over the past 5 years, BSGSX returned -1.62%/yr vs 0.19%/yr for BAGSX. At a 0.09 correlation, their price movements are largely independent. BSGSX charges 1.10%/yr vs 0.55%/yr for BAGSX.

Performance

BSGSX vs. BAGSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baird Small/Mid Cap Growth Fund (BSGSX) and Baird Aggregate Bond Fund (BAGSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSGSX achieves a 5.12% return, which is significantly higher than BAGSX's 0.30% return.

BSGSX

• 1D: -0.06%
• 1M: 0.62%
• YTD: 5.12%
• 6M: 2.72%
• 1Y: 4.18%
• 3Y*: 2.01%
• 5Y*: -1.62%
• 10Y*: —

BAGSX

• 1D: 0.10%
• 1M: 0.52%
• YTD: 0.30%
• 6M: 0.33%
• 1Y: 5.28%
• 3Y*: 4.25%
• 5Y*: 0.19%
• 10Y*: 1.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BSGSX vs. BAGSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BSGSX Baird Small/Mid Cap Growth Fund	5.12%	-8.97%	7.56%	10.60%	-27.31%	18.01%	46.76%	36.69%	-11.04%
BAGSX Baird Aggregate Bond Fund	0.30%	7.11%	1.63%	6.12%	-13.52%	-1.74%	8.42%	9.17%	2.40%

Correlation

The correlation between BSGSX and BAGSX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.18
Correlation (All Time) Calculated using the full available price history since Nov 7, 2018	0.09

Over the past year, BSGSX and BAGSX have become more correlated (0.30) than their long-term average of 0.09, meaning their price movements have been converging.

Return for Risk

BSGSX vs. BAGSX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSGSX

BSGSX Risk / Return Rank: 4
BSGSX Sharpe Ratio Rank: 4
BSGSX Sortino Ratio Rank: 4
BSGSX Omega Ratio Rank: 4
BSGSX Calmar Ratio Rank: 4
BSGSX Martin Ratio Rank: 4

BAGSX

BAGSX Risk / Return Rank: 24
BAGSX Sharpe Ratio Rank: 24
BAGSX Sortino Ratio Rank: 25
BAGSX Omega Ratio Rank: 25
BAGSX Calmar Ratio Rank: 25
BAGSX Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSGSX vs. BAGSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baird Small/Mid Cap Growth Fund (BSGSX) 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.

	BSGSX	BAGSX	Difference
Sharpe ratio Return per unit of total volatility	0.23	1.41	-1.17
Sortino ratio Return per unit of downside risk	0.46	2.09	-1.63
Omega ratio Gain probability vs. loss probability	1.05	1.26	-0.20
Calmar ratio Return relative to maximum drawdown	0.28	1.87	-1.58
Martin ratio Return relative to average drawdown	0.96	5.53	-4.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSGSX vs. BAGSX - Sharpe Ratio Comparison

The current BSGSX Sharpe Ratio is 0.23, which is lower than the BAGSX Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of BSGSX and BAGSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSGSX	BAGSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.23	1.41	-1.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.08	0.03	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.33	0.92	-0.60

Drawdowns

BSGSX vs. BAGSX - Drawdown Comparison

The maximum BSGSX drawdown since its inception was -36.33%, which is greater than BAGSX's maximum drawdown of -18.97%. Use the drawdown chart below to compare losses from any high point for BSGSX and BAGSX.

Drawdown Indicators

	BSGSX	BAGSX	Difference
Max Drawdown Largest peak-to-trough decline	-36.33%	-18.97%	-17.36%
Max Drawdown (1Y) Largest decline over 1 year	-13.63%	-2.84%	-10.79%
Max Drawdown (3Y) Largest decline over 3 years	-25.57%	-6.17%	-19.40%
Max Drawdown (5Y) Largest decline over 5 years	-36.33%	-18.84%	-17.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.97%	—
Current Drawdown Current decline from peak	-22.12%	-1.54%	-20.58%
Average Drawdown Average peak-to-trough decline	-16.46%	-2.52%	-13.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.02%	0.96%	+3.06%

Volatility

BSGSX vs. BAGSX - Volatility Comparison

Baird Small/Mid Cap Growth Fund (BSGSX) has a higher volatility of 4.69% compared to Baird Aggregate Bond Fund (BAGSX) at 1.29%. This indicates that BSGSX'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.

Volatility by Period

	BSGSX	BAGSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.69%	1.29%	+3.40%
Volatility (6M) Calculated over the trailing 6-month period	13.17%	2.68%	+10.49%
Volatility (1Y) Calculated over the trailing 1-year period	16.91%	3.78%	+13.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.62%	5.93%	+15.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.46%	4.89%	+18.57%

BSGSX vs. BAGSX - Expense Ratio Comparison

BSGSX has a 1.10% expense ratio, which is higher than BAGSX's 0.55% expense ratio.

Dividends

BSGSX vs. BAGSX - Dividend Comparison

BSGSX has not paid dividends to shareholders, while BAGSX's dividend yield for the trailing twelve months is around 3.80%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAGSX Baird Aggregate Bond Fund	3.80%	3.69%	3.62%	3.10%	2.33%	1.68%	3.02%	2.41%	2.53%	2.21%	1.96%	2.14%
BSGSX Baird Small/Mid Cap Growth Fund	0.00%	0.00%	0.00%	0.00%	0.69%	3.14%	3.83%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BSGSX and BAGSX in my portfolio?

BSGSX and BAGSX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSGSX or BAGSX?

BSGSX has higher volatility (4.69%) compared to BAGSX (1.29%). In terms of maximum drawdown, BSGSX dropped -36.33% vs BAGSX's -18.97%.

Which has better risk-adjusted returns?

BAGSX currently has the higher Sharpe Ratio (1.41 vs 0.23), 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.