BSGSX vs. VBR
BSGSX (Baird Small/Mid Cap Growth Fund) and VBR (Vanguard Small-Cap Value ETF) are both funds - BSGSX 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 5 years, BSGSX returned -3.22%/yr vs 9.74%/yr for VBR. Their 0.78 correlation means they have sometimes moved together and sometimes differently. BSGSX charges 1.10%/yr vs 0.05%/yr for VBR.
Performance
BSGSX vs. VBR - Performance Comparison
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Returns By Period
In the year-to-date period, BSGSX achieves a 4.99% return, which is significantly lower than VBR's 16.70% return.
BSGSX
- 1D
- 0.50%
- 1M
- -4.88%
- 6M
- 4.52%
- YTD
- 4.99%
- 1Y
- 4.32%
- 3Y*
- -0.35%
- 5Y*
- -3.22%
- 10Y*
- —
- ALL TIME*
- 7.43%
VBR
- 1D
- -0.20%
- 1M
- 0.58%
- 6M
- 10.78%
- YTD
- 16.70%
- 1Y
- 27.67%
- 3Y*
- 14.39%
- 5Y*
- 9.74%
- 10Y*
- 10.75%
- ALL TIME*
- 9.66%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $56.96M | $55.85M | $67.93M |
BSGSX vs. VBR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BSGSX Baird Small/Mid Cap Growth Fund | 4.99% | -8.97% | 7.56% | 10.60% | -27.31% | 18.01% | 46.76% | 36.69% | -11.04% |
VBR Vanguard Small-Cap Value ETF | 16.70% | 9.09% | 12.40% | 16.00% | -9.38% | 28.08% | 5.90% | 22.78% | -11.46% |
Correlation
The correlation between BSGSX and VBR is 0.80, 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. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.83 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 6, 2018 | 0.78 |
The correlation between BSGSX and VBR has been stable across timeframes, ranging from 0.78 to 0.84 - a consistent structural relationship.
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Return for Risk
BSGSX vs. VBR — Risk / Return Rank
BSGSX
VBR
BSGSX vs. VBR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Small/Mid Cap Growth Fund (BSGSX) 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.
| BSGSX | VBR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.37 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.31 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.07 | 2.93 | -2.86 |
| Martin ratioReturn relative to average drawdown | 0.25 | 10.70 | -10.46 |
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Drawdowns
BSGSX vs. VBR - Drawdown Comparison
The maximum BSGSX drawdown since its inception was -36.33%, smaller than the maximum VBR drawdown of -61.98%. Use the drawdown chart below to compare losses from any high point for BSGSX and VBR.
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Drawdown Indicators
| BSGSX | VBR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.33% | -61.98% | +25.65% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -8.85% | -4.78% |
Max Drawdown (3Y)Largest decline over 3 years | -25.57% | -24.19% | -1.38% |
Max Drawdown (5Y)Largest decline over 5 years | -36.33% | -24.19% | -12.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.28% | — |
Current DrawdownCurrent decline from peak | -22.22% | -1.40% | -20.82% |
Average DrawdownAverage peak-to-trough decline | -16.53% | -8.21% | -8.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 2.42% | +1.80% |
Volatility
BSGSX vs. VBR - Volatility Comparison
Baird Small/Mid Cap Growth Fund (BSGSX) has a higher volatility of 3.55% compared to Vanguard Small-Cap Value ETF (VBR) at 3.36%. This indicates that BSGSX's price experiences larger fluctuations and is considered to be riskier 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
| BSGSX | VBR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 3.36% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.21% | 10.22% | +3.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.67% | 14.90% | +2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.71% | 19.56% | +2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.34% | 21.66% | +1.68% |
BSGSX vs. VBR - Expense Ratio Comparison
BSGSX has a 1.10% expense ratio, which is higher than VBR's 0.05% expense ratio.
Dividends
BSGSX vs. VBR - Dividend Comparison
BSGSX has not paid dividends to shareholders, while VBR's dividend yield for the trailing twelve months is around 1.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
VBR Vanguard Small-Cap Value ETF | 1.77% | 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
BSGSX and VBR have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSGSX has higher volatility (3.55%) compared to VBR (3.36%). In terms of maximum drawdown, BSGSX dropped -36.33% vs VBR's -61.98%.
VBR currently has the higher Sharpe Ratio (1.75 vs 0.06), 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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