BSNIX vs. BAGIX
Compare and contrast key facts about Baird Strategic Municipal Bond Fund Institutional Class (BSNIX) and Baird Aggregate Bond Fund Class I (BAGIX).
BSNIX is managed by Baird. BAGIX is managed by Baird. It was launched on Sep 29, 2000.
Performance
BSNIX vs. BAGIX - Performance Comparison
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BSNIX vs. BAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSNIX Baird Strategic Municipal Bond Fund Institutional Class | -0.21% | 4.90% | 3.17% | 6.78% | -5.31% | 2.26% | 8.39% | 0.88% |
BAGIX Baird Aggregate Bond Fund Class I | -0.26% | 7.37% | 1.85% | 6.42% | -13.35% | -1.46% | 8.63% | 0.43% |
Returns By Period
In the year-to-date period, BSNIX achieves a -0.21% return, which is significantly higher than BAGIX's -0.26% return.
BSNIX
- 1D
- 0.19%
- 1M
- -1.90%
- YTD
- -0.21%
- 6M
- 1.20%
- 1Y
- 4.32%
- 3Y*
- 3.99%
- 5Y*
- 2.10%
- 10Y*
- —
BAGIX
- 1D
- 0.51%
- 1M
- -2.03%
- YTD
- -0.26%
- 6M
- 0.75%
- 1Y
- 4.14%
- 3Y*
- 4.05%
- 5Y*
- 0.51%
- 10Y*
- 2.05%
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BSNIX vs. BAGIX - Expense Ratio Comparison
Both BSNIX and BAGIX have an expense ratio of 0.30%.
Return for Risk
BSNIX vs. BAGIX — Risk / Return Rank
BSNIX
BAGIX
BSNIX vs. BAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Strategic Municipal Bond Fund Institutional Class (BSNIX) and Baird Aggregate Bond Fund Class I (BAGIX). 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.
| BSNIX | BAGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.60 | 1.02 | +0.58 |
Sortino ratioReturn per unit of downside risk | 2.12 | 1.47 | +0.65 |
Omega ratioGain probability vs. loss probability | 1.48 | 1.18 | +0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.62 | 1.90 | -0.28 |
Martin ratioReturn relative to average drawdown | 7.17 | 5.60 | +1.57 |
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
| BSNIX | BAGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.60 | 1.02 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 0.09 | +0.71 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.42 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.94 | 0.97 | -0.03 |
Correlation
The correlation between BSNIX and BAGIX is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
BSNIX vs. BAGIX - Dividend Comparison
BSNIX's dividend yield for the trailing twelve months is around 3.25%, less than BAGIX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSNIX Baird Strategic Municipal Bond Fund Institutional Class | 3.25% | 3.29% | 3.51% | 3.22% | 2.09% | 1.58% | 2.23% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% |
BAGIX Baird Aggregate Bond Fund Class I | 4.19% | 4.12% | 4.03% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.25% | 2.46% |
Drawdowns
BSNIX vs. BAGIX - Drawdown Comparison
The maximum BSNIX drawdown since its inception was -9.58%, smaller than the maximum BAGIX drawdown of -18.62%. Use the drawdown chart below to compare losses from any high point for BSNIX and BAGIX.
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Drawdown Indicators
| BSNIX | BAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.58% | -18.62% | +9.04% |
Max Drawdown (1Y)Largest decline over 1 year | -2.91% | -2.63% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -9.58% | -18.60% | +9.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.62% | — |
Current DrawdownCurrent decline from peak | -1.90% | -2.03% | +0.13% |
Average DrawdownAverage peak-to-trough decline | -1.51% | -2.36% | +0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 0.89% | -0.23% |
Volatility
BSNIX vs. BAGIX - Volatility Comparison
The current volatility for Baird Strategic Municipal Bond Fund Institutional Class (BSNIX) is 0.78%, while Baird Aggregate Bond Fund Class I (BAGIX) has a volatility of 1.50%. This indicates that BSNIX experiences smaller price fluctuations and is considered to be less risky than BAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSNIX | BAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.78% | 1.50% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 1.13% | 2.49% | -1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.90% | 4.28% | -1.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.66% | 5.90% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.40% | 4.88% | -1.48% |