ICIFX vs. BUBSX
ICIFX (Invesco Conservative Income Fund) and BUBSX (Baird Ultra Short Bond Fund) are both Ultrashort Bond funds. Over the past 10 years, ICIFX returned 2.56%/yr vs 2.55%/yr for BUBSX. Their 0.20 correlation means their historical movements had little consistent relationship. ICIFX charges 0.27%/yr vs 0.40%/yr for BUBSX.
Performance
ICIFX vs. BUBSX - Performance Comparison
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Returns By Period
In the year-to-date period, ICIFX achieves a 1.71% return, which is significantly lower than BUBSX's 2.04% return. Both investments have delivered pretty close results over the past 10 years, with ICIFX having a 2.56% annualized return and BUBSX not far behind at 2.55%.
ICIFX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 1.34%
- YTD
- 1.71%
- 1Y
- 3.69%
- 3Y*
- 4.88%
- 5Y*
- 3.45%
- 10Y*
- 2.56%
- ALL TIME*
- 2.32%
BUBSX
- 1D
- 0.00%
- 1M
- 0.32%
- 6M
- 1.75%
- YTD
- 2.04%
- 1Y
- 3.92%
- 3Y*
- 4.85%
- 5Y*
- 3.59%
- 10Y*
- 2.55%
- ALL TIME*
- 2.17%
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 |
ICIFX vs. BUBSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICIFX Invesco Conservative Income Fund | 1.71% | 4.97% | 5.74% | 4.77% | 0.37% | -0.09% | 1.74% | 2.83% | 2.03% | 1.45% |
BUBSX Baird Ultra Short Bond Fund | 2.04% | 4.53% | 5.47% | 5.43% | 0.70% | -0.05% | 1.66% | 2.87% | 1.61% | 1.05% |
Correlation
The correlation between ICIFX and BUBSX is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.25 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.20 |
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Return for Risk
ICIFX vs. BUBSX — Risk / Return Rank
ICIFX
BUBSX
ICIFX vs. BUBSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Conservative Income Fund (ICIFX) and Baird Ultra Short Bond Fund (BUBSX). 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.
| ICIFX | BUBSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.23 | ||
| Sortino ratioReturn per unit of downside risk | -8.76 | ||
| Omega ratioGain probability vs. loss probability | 2.98 | 8.54 | -5.56 |
| Calmar ratioReturn relative to maximum drawdown | 10.70 | 40.96 | -30.26 |
| Martin ratioReturn relative to average drawdown | 48.07 | 261.66 | -213.59 |
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Drawdowns
ICIFX vs. BUBSX - Drawdown Comparison
The maximum ICIFX drawdown since its inception was -2.19%, which is greater than BUBSX's maximum drawdown of -1.88%. Use the drawdown chart below to compare losses from any high point for ICIFX and BUBSX.
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Drawdown Indicators
| ICIFX | BUBSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.19% | -1.88% | -0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -0.40% | -0.10% | -0.30% |
Max Drawdown (3Y)Largest decline over 3 years | -0.40% | -0.29% | -0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -1.24% | -0.79% | -0.45% |
Max Drawdown (10Y)Largest decline over 10 years | -2.19% | -1.88% | -0.31% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.11% | -0.07% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 0.02% | +0.07% |
Volatility
ICIFX vs. BUBSX - Volatility Comparison
The current volatility for Invesco Conservative Income Fund (ICIFX) is 0.14%, while Baird Ultra Short Bond Fund (BUBSX) has a volatility of 0.16%. This indicates that ICIFX experiences smaller price fluctuations and is considered to be less risky than BUBSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICIFX | BUBSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.14% | 0.16% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 0.97% | 0.47% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.41% | 0.65% | +0.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.38% | 0.77% | +0.61% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.12% | 0.70% | +0.42% |
ICIFX vs. BUBSX - Expense Ratio Comparison
ICIFX has a 0.27% expense ratio, which is lower than BUBSX's 0.40% expense ratio.
Dividends
ICIFX vs. BUBSX - Dividend Comparison
ICIFX's dividend yield for the trailing twelve months is around 4.02%, more than BUBSX's 3.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUBSX Baird Ultra Short Bond Fund | 3.95% | 4.24% | 5.04% | 4.39% | 1.29% | 0.25% | 1.14% | 2.33% | 1.90% | 1.04% | 0.81% | 0.56% |
ICIFX Invesco Conservative Income Fund | 4.02% | 4.74% | 5.37% | 3.53% | 1.47% | 0.40% | 1.22% | 2.29% | 2.21% | 1.34% | 0.91% | 0.47% |
Frequently Asked Questions
ICIFX and BUBSX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BUBSX has higher volatility (0.16%) compared to ICIFX (0.14%). In terms of maximum drawdown, ICIFX dropped -2.19% vs BUBSX's -1.88%.
BUBSX currently has the higher Sharpe Ratio (6.25 vs 3.02), 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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