CSIBX vs. BCOIX
CSIBX (Calvert Bond Fund) and BCOIX (Baird Core Plus Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, CSIBX returned 2.21%/yr vs 2.41%/yr for BCOIX. Their correlation of 0.90 suggests significant overlap in exposure. CSIBX charges 0.73%/yr vs 0.30%/yr for BCOIX.
Performance
CSIBX vs. BCOIX - Performance Comparison
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Returns By Period
In the year-to-date period, CSIBX achieves a 0.23% return, which is significantly lower than BCOIX's 0.25% return. Over the past 10 years, CSIBX has underperformed BCOIX with an annualized return of 2.21%, while BCOIX has yielded a comparatively higher 2.41% annualized return.
CSIBX
- 1D
- 0.00%
- 1M
- 0.49%
- YTD
- 0.23%
- 6M
- 0.25%
- 1Y
- 5.60%
- 3Y*
- 4.67%
- 5Y*
- 0.73%
- 10Y*
- 2.21%
BCOIX
- 1D
- -0.20%
- 1M
- 0.18%
- YTD
- 0.25%
- 6M
- 0.47%
- 1Y
- 4.82%
- 3Y*
- 4.83%
- 5Y*
- 0.72%
- 10Y*
- 2.41%
CSIBX vs. BCOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CSIBX Calvert Bond Fund | 0.23% | 7.93% | 2.45% | 6.55% | -12.85% | 0.11% | 7.39% | 8.44% | -0.16% | 4.19% |
BCOIX Baird Core Plus Bond Fund | 0.25% | 7.47% | 2.54% | 6.89% | -12.86% | -1.02% | 8.80% | 10.11% | -0.52% | 4.65% |
Correlation
The correlation between CSIBX and BCOIX is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.92 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2000 | 0.90 |
The correlation between CSIBX and BCOIX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
CSIBX vs. BCOIX — Risk / Return Rank
CSIBX
BCOIX
CSIBX vs. BCOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert Bond Fund (CSIBX) and Baird Core Plus Bond Fund (BCOIX). 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.
| CSIBX | BCOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.12 | -0.33 |
| Martin ratioReturn relative to average drawdown | 5.45 | 6.25 | -0.80 |
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
| CSIBX | BCOIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 1.47 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.13 | 0.13 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.52 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.04 | 1.07 | -0.03 |
Drawdowns
CSIBX vs. BCOIX - Drawdown Comparison
The maximum CSIBX drawdown since its inception was -17.57%, roughly equal to the maximum BCOIX drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for CSIBX and BCOIX.
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Drawdown Indicators
| CSIBX | BCOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.57% | -18.13% | +0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -2.58% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -5.95% | -5.61% | -0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -17.57% | -18.13% | +0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -17.57% | -18.13% | +0.56% |
Current DrawdownCurrent decline from peak | -1.52% | -1.44% | -0.08% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -2.19% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.03% | 0.87% | +0.16% |
Volatility
CSIBX vs. BCOIX - Volatility Comparison
Calvert Bond Fund (CSIBX) has a higher volatility of 1.49% compared to Baird Core Plus Bond Fund (BCOIX) at 1.30%. This indicates that CSIBX's price experiences larger fluctuations and is considered to be riskier than BCOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CSIBX | BCOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 1.30% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.67% | +0.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 3.71% | +0.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.50% | 5.64% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 4.67% | -0.12% |
CSIBX vs. BCOIX - Expense Ratio Comparison
CSIBX has a 0.73% expense ratio, which is higher than BCOIX's 0.30% expense ratio.
Dividends
CSIBX vs. BCOIX - Dividend Comparison
CSIBX's dividend yield for the trailing twelve months is around 4.31%, less than BCOIX's 4.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCOIX Baird Core Plus Bond Fund | 4.36% | 4.21% | 4.13% | 3.58% | 3.10% | 2.96% | 3.51% | 2.96% | 3.13% | 2.83% | 3.01% | 2.84% |
CSIBX Calvert Bond Fund | 4.31% | 4.35% | 4.18% | 3.28% | 2.34% | 3.12% | 3.39% | 3.43% | 2.49% | 2.22% | 2.58% | 2.45% |
Frequently Asked Questions
With a correlation of 0.92, CSIBX and BCOIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
CSIBX has higher volatility (1.49%) compared to BCOIX (1.30%). In terms of maximum drawdown, CSIBX dropped -17.57% vs BCOIX's -18.13%.
BCOIX currently has the higher Sharpe Ratio (1.47 vs 1.42), 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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