BSVSX vs. VSCPX

Last updated Aug 1, 2026

BSVSX (Baird Equity Opportunity Fund) and VSCPX (Vanguard Small-Cap Index Fund Institutional Plus Shares) are both Small Cap Blend Equities funds. Over the past 10 years, BSVSX returned 6.84%/yr vs 10.96%/yr for VSCPX. Their correlation of 0.91 means they have usually moved in the same direction. BSVSX charges 1.50%/yr vs 0.03%/yr for VSCPX.

Performance

BSVSX vs. VSCPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baird Equity Opportunity Fund (BSVSX) and Vanguard Small-Cap Index Fund Institutional Plus Shares (VSCPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSVSX achieves a 2.52% return, which is significantly lower than VSCPX's 15.46% return. Over the past 10 years, BSVSX has underperformed VSCPX with an annualized return of 6.84%, while VSCPX has yielded a comparatively higher 10.96% annualized return.

BSVSX

• 1D: 0.20%
• 1M: -2.21%
• 6M: 4.74%
• YTD: 2.52%
• 1Y: 8.35%
• 3Y*: 8.46%
• 5Y*: 6.55%
• 10Y*: 6.84%
• ALL TIME*: 7.58%

VSCPX

• 1D: 0.91%
• 1M: -1.56%
• 6M: 10.37%
• YTD: 15.46%
• 1Y: 26.16%
• 3Y*: 13.96%
• 5Y*: 7.50%
• 10Y*: 10.96%
• ALL TIME*: 11.06%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BSVSX Baird Equity Opportunity Fund	$0.00	$0.00	$0.00
VSCPX Vanguard Small-Cap Index Fund Institutional Plus Shares	$0.00	$0.00	$0.00

BSVSX vs. VSCPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BSVSX Baird Equity Opportunity Fund	2.52%	2.55%	23.72%	13.56%	-12.58%	19.10%	2.58%	18.19%	-16.58%	17.79%
VSCPX Vanguard Small-Cap Index Fund Institutional Plus Shares	15.46%	8.86%	12.98%	19.52%	-17.59%	17.75%	19.09%	27.40%	-9.31%	16.27%

Correlation

The correlation between BSVSX and VSCPX is 0.85, 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.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since May 1, 2012	0.91

The correlation between BSVSX and VSCPX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.

Return for Risk

BSVSX vs. VSCPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BSVSX

BSVSX Risk / Return Rank: 7
BSVSX Sharpe Ratio Rank: 7
BSVSX Sortino Ratio Rank: 7
BSVSX Omega Ratio Rank: 7
BSVSX Calmar Ratio Rank: 7
BSVSX Martin Ratio Rank: 7

VSCPX

VSCPX Risk / Return Rank: 65
VSCPX Sharpe Ratio Rank: 57
VSCPX Sortino Ratio Rank: 59
VSCPX Omega Ratio Rank: 53
VSCPX Calmar Ratio Rank: 79
VSCPX Martin Ratio Rank: 79

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BSVSX vs. VSCPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baird Equity Opportunity Fund (BSVSX) and Vanguard Small-Cap Index Fund Institutional Plus Shares (VSCPX). 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.

	BSVSX	VSCPX	Difference
Sharpe ratio: Return per unit of total volatility	0.19	1.40	-1.20
Sortino ratio: Return per unit of downside risk	0.43	2.05	-1.62
Omega ratio: Gain probability vs. loss probability	1.05	1.25	-0.20
Calmar ratio: Return relative to maximum drawdown	0.23	2.57	-2.34
Martin ratio: Return relative to average drawdown	0.60	9.41	-8.81

BSVSX vs. VSCPX - Sharpe Ratio Comparison

The current BSVSX Sharpe Ratio is 0.19, which is lower than the VSCPX Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of BSVSX and VSCPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BSVSX vs. VSCPX - Drawdown Comparison

The maximum BSVSX drawdown since its inception was -42.73%, roughly equal to the maximum VSCPX drawdown of -41.81%. Use the drawdown chart below to compare losses from any high point for BSVSX and VSCPX.

Drawdown Indicators

	BSVSX	VSCPX	Difference
Max Drawdown Largest peak-to-trough decline	-42.73%	-41.81%	-0.92%
Max Drawdown (1Y) Largest decline over 1 year	-17.49%	-8.97%	-8.52%
Max Drawdown (3Y) Largest decline over 3 years	-26.83%	-25.25%	-1.58%
Max Drawdown (5Y) Largest decline over 5 years	-26.83%	-28.13%	+1.30%
Max Drawdown (10Y) Largest decline over 10 years	-42.73%	-41.81%	-0.92%
Current Drawdown Current decline from peak	-2.97%	-2.35%	-0.62%
Average Drawdown Average peak-to-trough decline	-6.83%	-6.44%	-0.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.64%	2.45%	+4.19%

Volatility

BSVSX vs. VSCPX - Volatility Comparison

Baird Equity Opportunity Fund (BSVSX) has a higher volatility of 3.51% compared to Vanguard Small-Cap Index Fund Institutional Plus Shares (VSCPX) at 3.31%. This indicates that BSVSX's price experiences larger fluctuations and is considered to be riskier than VSCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSVSX	VSCPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.51%	3.31%	+0.20%
Volatility (6M) Calculated over the trailing 6-month period	15.36%	11.97%	+3.39%
Volatility (1Y) Calculated over the trailing 1-year period	20.75%	16.47%	+4.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.89%	20.67%	+2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.88%	21.52%	+0.36%

BSVSX vs. VSCPX - Expense Ratio Comparison

BSVSX has a 1.50% expense ratio, which is higher than VSCPX's 0.03% expense ratio.

Dividends

BSVSX vs. VSCPX - Dividend Comparison

BSVSX's dividend yield for the trailing twelve months is around 13.13%, more than VSCPX's 1.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSVSX Baird Equity Opportunity Fund	13.13%	13.46%	1.14%	0.00%	33.67%	4.55%	5.49%	0.44%	4.03%	2.79%	0.73%	0.39%
VSCPX Vanguard Small-Cap Index Fund Institutional Plus Shares	1.23%	1.35%	1.32%	1.56%	1.56%	1.26%	1.16%	1.41%	1.69%	1.37%	1.52%	1.51%

Frequently Asked Questions

Can I hold both BSVSX and VSCPX in my portfolio?

BSVSX and VSCPX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSVSX or VSCPX?

BSVSX has higher volatility (3.51%) compared to VSCPX (3.31%). In terms of maximum drawdown, BSVSX dropped -42.73% vs VSCPX's -41.81%.

Which has better risk-adjusted returns?

VSCPX currently has the higher Sharpe Ratio (1.40 vs 0.19), 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.