CTIGX vs. BMDSX
CTIGX (Calamos Timpani SMID Growth Fund) and BMDSX (Baird Mid Cap Growth Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, CTIGX returned 7.68%/yr vs -2.59%/yr for BMDSX. Their correlation of 0.84 means they have usually moved in the same direction. CTIGX charges 1.10%/yr vs 1.05%/yr for BMDSX.
Performance
CTIGX vs. BMDSX - Performance Comparison
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Returns By Period
In the year-to-date period, CTIGX achieves a 13.72% return, which is significantly higher than BMDSX's 7.10% return.
CTIGX
- 1D
- 3.61%
- 1M
- -9.09%
- 6M
- 13.72%
- YTD
- 13.72%
- 1Y
- 33.66%
- 3Y*
- 25.27%
- 5Y*
- 7.68%
- 10Y*
- —
- ALL TIME*
- 13.26%
BMDSX
- 1D
- -0.33%
- 1M
- -1.68%
- 6M
- 4.81%
- YTD
- 7.10%
- 1Y
- -0.79%
- 3Y*
- -0.95%
- 5Y*
- -2.59%
- 10Y*
- 8.65%
- ALL TIME*
- 7.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
CTIGX vs. BMDSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
CTIGX Calamos Timpani SMID Growth Fund | 13.72% | 21.21% | 44.09% | 12.26% | -34.88% | 7.64% | 58.94% | -3.80% |
BMDSX Baird Mid Cap Growth Fund | 7.10% | -9.55% | -1.16% | 19.91% | -27.86% | 21.81% | 34.56% | 4.37% |
Correlation
The correlation between CTIGX and BMDSX is 0.60, 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. | 0.60 |
Correlation (3Y) Balances recent behavior with more history. | 0.75 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2019 | 0.84 |
Over the past year, the correlation between CTIGX and BMDSX has dropped to 0.60 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
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Return for Risk
CTIGX vs. BMDSX — Risk / Return Rank
CTIGX
BMDSX
CTIGX vs. BMDSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calamos Timpani SMID Growth Fund (CTIGX) and Baird Mid Cap Growth Fund (BMDSX). 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.
| CTIGX | BMDSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.32 | ||
| Sortino ratioReturn per unit of downside risk | +1.82 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 0.98 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.90 | -0.26 | +2.16 |
| Martin ratioReturn relative to average drawdown | 7.98 | -0.60 | +8.58 |
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Drawdowns
CTIGX vs. BMDSX - Drawdown Comparison
The maximum CTIGX drawdown since its inception was -46.26%, smaller than the maximum BMDSX drawdown of -53.96%. Use the drawdown chart below to compare losses from any high point for CTIGX and BMDSX.
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Drawdown Indicators
| CTIGX | BMDSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.26% | -53.96% | +7.70% |
Max Drawdown (1Y)Largest decline over 1 year | -16.83% | -13.32% | -3.51% |
Max Drawdown (3Y)Largest decline over 3 years | -29.30% | -25.04% | -4.26% |
Max Drawdown (5Y)Largest decline over 5 years | -46.26% | -36.24% | -10.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -36.24% | — |
Current DrawdownCurrent decline from peak | -13.83% | -20.32% | +6.49% |
Average DrawdownAverage peak-to-trough decline | -18.30% | -11.00% | -7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.00% | 6.84% | -2.84% |
Volatility
CTIGX vs. BMDSX - Volatility Comparison
Calamos Timpani SMID Growth Fund (CTIGX) has a higher volatility of 9.62% compared to Baird Mid Cap Growth Fund (BMDSX) at 3.29%. This indicates that CTIGX's price experiences larger fluctuations and is considered to be riskier than BMDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CTIGX | BMDSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.62% | 3.29% | +6.33% |
Volatility (6M)Calculated over the trailing 6-month period | 23.84% | 11.90% | +11.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.20% | 15.52% | +13.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.53% | 21.07% | +6.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.28% | 20.76% | +8.52% |
CTIGX vs. BMDSX - Expense Ratio Comparison
CTIGX has a 1.10% expense ratio, which is higher than BMDSX's 1.05% expense ratio.
Dividends
CTIGX vs. BMDSX - Dividend Comparison
CTIGX's dividend yield for the trailing twelve months is around 4.03%, less than BMDSX's 12.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BMDSX Baird Mid Cap Growth Fund | 12.96% | 13.88% | 4.57% | 2.44% | 1.79% | 17.82% | 10.09% | 5.77% | 6.62% | 4.87% | 0.00% | 0.15% |
CTIGX Calamos Timpani SMID Growth Fund | 4.03% | 4.59% | 2.80% | 0.00% | 0.00% | 11.76% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
CTIGX and BMDSX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CTIGX has higher volatility (9.62%) compared to BMDSX (3.29%). In terms of maximum drawdown, CTIGX dropped -46.26% vs BMDSX's -53.96%.
CTIGX currently has the higher Sharpe Ratio (1.10 vs -0.22), 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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