IDEV vs. BAGIX
IDEV (iShares Core MSCI International Developed Markets ETF) and BAGIX (Baird Aggregate Bond Fund Class I) are both funds - IDEV is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index, while BAGIX is a Total Bond Market fund managed by Baird. Over the past 5 years, IDEV returned 8.52%/yr vs 0.29%/yr for BAGIX. At a 0.08 correlation, their price movements are largely independent. IDEV charges 0.05%/yr vs 0.30%/yr for BAGIX.
Performance
IDEV vs. BAGIX - Performance Comparison
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Returns By Period
In the year-to-date period, IDEV achieves a 9.59% return, which is significantly higher than BAGIX's 0.53% return.
IDEV
- 1D
- 0.42%
- 1M
- 1.14%
- YTD
- 9.59%
- 6M
- 11.02%
- 1Y
- 23.58%
- 3Y*
- 17.03%
- 5Y*
- 8.52%
- 10Y*
- —
BAGIX
- 1D
- 0.51%
- 1M
- 1.19%
- YTD
- 0.53%
- 6M
- 1.08%
- 1Y
- 5.04%
- 3Y*
- 4.52%
- 5Y*
- 0.29%
- 10Y*
- 1.94%
IDEV vs. BAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IDEV iShares Core MSCI International Developed Markets ETF | 9.59% | 32.56% | 4.54% | 17.36% | -14.99% | 13.00% | 8.32% | 23.12% | -14.10% | 17.43% |
BAGIX Baird Aggregate Bond Fund Class I | 0.53% | 7.37% | 1.85% | 6.42% | -13.35% | -1.46% | 8.63% | 9.48% | -0.31% | 3.23% |
Correlation
The correlation between IDEV and BAGIX is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Mar 23, 2017 | 0.08 |
Over the past year, IDEV and BAGIX have become more correlated (0.44) than their long-term average of 0.08, meaning their price movements have been converging.
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Return for Risk
IDEV vs. BAGIX — Risk / Return Rank
IDEV
BAGIX
IDEV vs. BAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI International Developed Markets ETF (IDEV) 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.
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.
| IDEV | BAGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.24 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | 1.86 | +0.13 |
| Martin ratioReturn relative to average drawdown | 7.76 | 5.32 | +2.44 |
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Drawdowns
IDEV vs. BAGIX - Drawdown Comparison
The maximum IDEV drawdown since its inception was -34.77%, which is greater than BAGIX's maximum drawdown of -18.62%. Use the drawdown chart below to compare losses from any high point for IDEV and BAGIX.
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Drawdown Indicators
| IDEV | BAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.77% | -18.62% | -16.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.20% | -2.72% | -8.48% |
Max Drawdown (3Y)Largest decline over 3 years | -13.41% | -6.05% | -7.36% |
Max Drawdown (5Y)Largest decline over 5 years | -29.15% | -18.60% | -10.55% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.62% | — |
Current DrawdownCurrent decline from peak | -0.37% | -1.26% | +0.89% |
Average DrawdownAverage peak-to-trough decline | -6.55% | -2.35% | -4.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 0.95% | +1.92% |
Volatility
IDEV vs. BAGIX - Volatility Comparison
iShares Core MSCI International Developed Markets ETF (IDEV) has a higher volatility of 5.30% compared to Baird Aggregate Bond Fund Class I (BAGIX) at 1.26%. This indicates that IDEV'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
| IDEV | BAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 1.26% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.73% | 2.66% | +10.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.07% | 3.75% | +11.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.35% | 5.93% | +10.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.29% | 4.89% | +12.40% |
IDEV vs. BAGIX - Expense Ratio Comparison
IDEV has a 0.05% expense ratio, which is lower than BAGIX's 0.30% expense ratio.
Dividends
IDEV vs. BAGIX - Dividend Comparison
IDEV's dividend yield for the trailing twelve months is around 3.11%, less than BAGIX's 4.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAGIX Baird Aggregate Bond Fund Class I | 4.23% | 4.12% | 4.03% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.25% | 2.46% |
IDEV iShares Core MSCI International Developed Markets ETF | 3.11% | 3.40% | 3.30% | 3.07% | 2.69% | 3.05% | 2.00% | 3.18% | 3.16% | 1.54% | 0.00% | 0.00% |
Frequently Asked Questions
IDEV and BAGIX have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IDEV has higher volatility (5.30%) compared to BAGIX (1.26%). In terms of maximum drawdown, IDEV dropped -34.77% vs BAGIX's -18.62%.
IDEV currently has the higher Sharpe Ratio (1.48 vs 1.35), 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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