FIKUX vs. BAGIX
FIKUX (Fidelity Advisor Mortgage Securities Fund Class Z) and BAGIX (Baird Aggregate Bond Fund Institutional Class) are both mutual funds - FIKUX is a Total Bond Market fund managed by Fidelity, while BAGIX is a Intermediate Core Bond fund actively managed by Baird. Over the past 5 years, FIKUX returned -0.18%/yr vs -0.17%/yr for BAGIX. Their correlation of 0.87 means they have usually moved in the same direction. FIKUX charges 0.36%/yr vs 0.30%/yr for BAGIX.
Performance
FIKUX vs. BAGIX - Performance Comparison
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Returns By Period
In the year-to-date period, FIKUX achieves a -0.38% return, which is significantly higher than BAGIX's -0.51% return.
FIKUX
- 1D
- -0.41%
- 1M
- -1.41%
- 6M
- -0.68%
- YTD
- -0.38%
- 1Y
- 3.06%
- 3Y*
- 4.25%
- 5Y*
- -0.18%
- 10Y*
- —
- ALL TIME*
- 1.61%
BAGIX
- 1D
- -0.21%
- 1M
- -1.06%
- 6M
- -0.61%
- YTD
- -0.51%
- 1Y
- 1.98%
- 3Y*
- 4.36%
- 5Y*
- -0.17%
- 10Y*
- 1.72%
- ALL TIME*
- 4.12%
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 |
FIKUX vs. BAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
FIKUX Fidelity Advisor Mortgage Securities Fund Class Z | -0.38% | 8.40% | 1.22% | 4.69% | -12.59% | -1.15% | 4.61% | 6.42% | 2.85% |
BAGIX Baird Aggregate Bond Fund Institutional Class | -0.51% | 7.37% | 1.85% | 6.42% | -13.35% | -1.46% | 8.63% | 9.48% | 1.99% |
Correlation
The correlation between FIKUX and BAGIX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Oct 17, 2018 | 0.87 |
The correlation between FIKUX and BAGIX has been stable across timeframes, ranging from 0.87 to 0.94 - a consistent structural relationship.
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Return for Risk
FIKUX vs. BAGIX — Risk / Return Rank
FIKUX
BAGIX
FIKUX vs. BAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Mortgage Securities Fund Class Z (FIKUX) and Baird Aggregate Bond Fund Institutional Class (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.
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.
| FIKUX | BAGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.13 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | 1.04 | +0.40 |
| Martin ratioReturn relative to average drawdown | 3.83 | 2.56 | +1.27 |
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Drawdowns
FIKUX vs. BAGIX - Drawdown Comparison
The maximum FIKUX drawdown since its inception was -18.63%, roughly equal to the maximum BAGIX drawdown of -18.62%. Use the drawdown chart below to compare losses from any high point for FIKUX and BAGIX.
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Drawdown Indicators
| FIKUX | BAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.63% | -18.62% | -0.01% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -2.72% | -0.09% |
Max Drawdown (3Y)Largest decline over 3 years | -6.87% | -5.06% | -1.81% |
Max Drawdown (5Y)Largest decline over 5 years | -18.43% | -18.51% | +0.08% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.62% | — |
Current DrawdownCurrent decline from peak | -2.45% | -2.29% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -2.35% | -2.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.05% | 1.10% | -0.05% |
Volatility
FIKUX vs. BAGIX - Volatility Comparison
Fidelity Advisor Mortgage Securities Fund Class Z (FIKUX) has a higher volatility of 1.18% compared to Baird Aggregate Bond Fund Institutional Class (BAGIX) at 0.98%. This indicates that FIKUX's price experiences larger fluctuations and is considered to be riskier 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
| FIKUX | BAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.18% | 0.98% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 3.16% | 2.82% | +0.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.99% | 3.70% | +0.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.84% | 5.93% | +0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.70% | 4.89% | +0.81% |
FIKUX vs. BAGIX - Expense Ratio Comparison
FIKUX has a 0.36% expense ratio, which is higher than BAGIX's 0.30% expense ratio.
Dividends
FIKUX vs. BAGIX - Dividend Comparison
FIKUX's dividend yield for the trailing twelve months is around 3.70%, less than BAGIX's 4.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Institutional Class | 4.32% | 4.12% | 4.03% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.25% | 2.46% |
FIKUX Fidelity Advisor Mortgage Securities Fund Class Z | 3.70% | 4.01% | 4.24% | 3.31% | 1.49% | 0.68% | 2.50% | 2.69% | 0.67% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FIKUX and BAGIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FIKUX has higher volatility (1.18%) compared to BAGIX (0.98%). In terms of maximum drawdown, FIKUX dropped -18.63% vs BAGIX's -18.62%.
FIKUX currently has the higher Sharpe Ratio (1.01 vs 0.76), 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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