BTMSX vs. BAGIX
Compare and contrast key facts about Baird Short-Term Municipal Bond Fund (BTMSX) and Baird Aggregate Bond Fund Class I (BAGIX).
BTMSX is managed by Baird. It was launched on Aug 30, 2015. BAGIX is managed by Baird. It was launched on Sep 29, 2000.
Performance
BTMSX vs. BAGIX - Performance Comparison
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BTMSX vs. BAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BTMSX Baird Short-Term Municipal Bond Fund | 0.26% | 4.46% | 2.98% | 3.90% | -4.01% | 0.59% | 2.90% | 3.81% | 1.34% | 2.45% |
BAGIX Baird Aggregate Bond Fund Class I | -0.06% | 7.37% | 1.85% | 6.42% | -13.35% | -1.46% | 8.63% | 9.48% | -0.31% | 4.20% |
Returns By Period
In the year-to-date period, BTMSX achieves a 0.26% return, which is significantly higher than BAGIX's -0.06% return. Over the past 10 years, BTMSX has underperformed BAGIX with an annualized return of 1.79%, while BAGIX has yielded a comparatively higher 2.07% annualized return.
BTMSX
- 1D
- 0.10%
- 1M
- -0.91%
- YTD
- 0.26%
- 6M
- 0.95%
- 1Y
- 3.60%
- 3Y*
- 3.40%
- 5Y*
- 1.58%
- 10Y*
- 1.79%
BAGIX
- 1D
- 0.20%
- 1M
- -1.44%
- YTD
- -0.06%
- 6M
- 0.76%
- 1Y
- 4.14%
- 3Y*
- 4.12%
- 5Y*
- 0.47%
- 10Y*
- 2.07%
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BTMSX vs. BAGIX - Expense Ratio Comparison
BTMSX has a 0.55% expense ratio, which is higher than BAGIX's 0.30% expense ratio.
Return for Risk
BTMSX vs. BAGIX — Risk / Return Rank
BTMSX
BAGIX
BTMSX vs. BAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baird Short-Term Municipal Bond Fund (BTMSX) 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.
| BTMSX | BAGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.07 | 1.02 | +1.05 |
Sortino ratioReturn per unit of downside risk | 2.79 | 1.47 | +1.31 |
Omega ratioGain probability vs. loss probability | 1.71 | 1.18 | +0.53 |
Calmar ratioReturn relative to maximum drawdown | 2.12 | 1.74 | +0.38 |
Martin ratioReturn relative to average drawdown | 9.66 | 5.08 | +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. | |||
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Sharpe Ratios by Period
| BTMSX | BAGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.07 | 1.02 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.08 | +0.85 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.98 | 0.43 | +0.55 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.98 | +0.03 |
Correlation
The correlation between BTMSX and BAGIX 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
BTMSX vs. BAGIX - Dividend Comparison
BTMSX's dividend yield for the trailing twelve months is around 3.05%, less than BAGIX's 4.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTMSX Baird Short-Term Municipal Bond Fund | 3.05% | 3.05% | 2.93% | 2.48% | 1.36% | 0.88% | 1.30% | 1.66% | 1.53% | 1.43% | 1.17% | 0.00% |
BAGIX Baird Aggregate Bond Fund Class I | 4.18% | 4.12% | 4.03% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.25% | 2.46% |
Drawdowns
BTMSX vs. BAGIX - Drawdown Comparison
The maximum BTMSX drawdown since its inception was -6.51%, smaller than the maximum BAGIX drawdown of -18.62%. Use the drawdown chart below to compare losses from any high point for BTMSX and BAGIX.
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Drawdown Indicators
| BTMSX | BAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.51% | -18.62% | +12.11% |
Max Drawdown (1Y)Largest decline over 1 year | -1.89% | -2.63% | +0.74% |
Max Drawdown (5Y)Largest decline over 5 years | -6.51% | -18.60% | +12.09% |
Max Drawdown (10Y)Largest decline over 10 years | -6.51% | -18.62% | +12.11% |
Current DrawdownCurrent decline from peak | -1.00% | -1.84% | +0.84% |
Average DrawdownAverage peak-to-trough decline | -0.95% | -2.36% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.42% | 0.90% | -0.48% |
Volatility
BTMSX vs. BAGIX - Volatility Comparison
The current volatility for Baird Short-Term Municipal Bond Fund (BTMSX) is 0.49%, while Baird Aggregate Bond Fund Class I (BAGIX) has a volatility of 1.50%. This indicates that BTMSX 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
| BTMSX | BAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.49% | 1.50% | -1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 0.74% | 2.49% | -1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.86% | 4.28% | -2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.71% | 5.90% | -4.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.84% | 4.88% | -3.04% |