IGIB vs. BIMIX

Last updated Jun 4, 2026

IGIB (iShares Intermediate-Term Corporate Bond ETF) and BIMIX (Baird Intermediate Bond Fund Class Institutional) are both funds - IGIB is a Corporate Bonds fund tracking the Bloomberg Barclays U.S. Intermediate Credit Index, while BIMIX is a Intermediate Core Bond fund managed by Baird. Over the past 10 years, IGIB returned 3.04%/yr vs 2.15%/yr for BIMIX. A 0.76 correlation means they provide meaningful diversification when combined. IGIB charges 0.06%/yr vs 0.30%/yr for BIMIX.

Performance

IGIB vs. BIMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Intermediate-Term Corporate Bond ETF (IGIB) and Baird Intermediate Bond Fund Class Institutional (BIMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGIB achieves a 0.21% return, which is significantly higher than BIMIX's -0.06% return. Over the past 10 years, IGIB has outperformed BIMIX with an annualized return of 3.04%, while BIMIX has yielded a comparatively lower 2.15% annualized return.

IGIB

• 1D: -0.19%
• 1M: 0.31%
• YTD: 0.21%
• 6M: 0.14%
• 1Y: 6.27%
• 3Y*: 6.21%
• 5Y*: 1.37%
• 10Y*: 3.04%

BIMIX

• 1D: 0.00%
• 1M: 0.17%
• YTD: -0.06%
• 6M: 0.06%
• 1Y: 3.94%
• 3Y*: 4.55%
• 5Y*: 1.21%
• 10Y*: 2.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

IGIB vs. BIMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGIB iShares Intermediate-Term Corporate Bond ETF	0.21%	9.58%	3.49%	9.22%	-14.00%	-1.66%	9.64%	14.60%	-0.71%	3.50%
BIMIX Baird Intermediate Bond Fund Class Institutional	-0.06%	6.69%	3.45%	5.78%	-8.64%	-1.41%	7.42%	7.05%	0.58%	2.74%

Correlation

The correlation between IGIB and BIMIX is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 12, 2007	0.76

The correlation between IGIB and BIMIX shifts across timeframes, from 0.76 (all time) to 0.90 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

IGIB vs. BIMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IGIB

IGIB Risk / Return Rank: 42
IGIB Sharpe Ratio Rank: 42
IGIB Sortino Ratio Rank: 44
IGIB Omega Ratio Rank: 41
IGIB Calmar Ratio Rank: 42
IGIB Martin Ratio Rank: 43

BIMIX

BIMIX Risk / Return Rank: 29
BIMIX Sharpe Ratio Rank: 31
BIMIX Sortino Ratio Rank: 33
BIMIX Omega Ratio Rank: 33
BIMIX Calmar Ratio Rank: 26
BIMIX Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IGIB vs. BIMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Intermediate-Term Corporate Bond ETF (IGIB) and Baird Intermediate Bond Fund Class Institutional (BIMIX). 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.

	IGIB	BIMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.59	-0.07
Sortino ratio: Return per unit of downside risk	2.26	2.37	-0.11
Omega ratio: Gain probability vs. loss probability	1.27	1.30	-0.03
Calmar ratio: Return relative to maximum drawdown	2.09	1.91	+0.18
Martin ratio: Return relative to average drawdown	7.08	5.57	+1.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IGIB vs. BIMIX - Sharpe Ratio Comparison

The current IGIB Sharpe Ratio is 1.52, which is comparable to the BIMIX Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of IGIB and BIMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	IGIB	BIMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	1.59	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.21	0.31	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	0.66	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	1.17	-0.48

Drawdowns

IGIB vs. BIMIX - Drawdown Comparison

The maximum IGIB drawdown since its inception was -20.62%, which is greater than BIMIX's maximum drawdown of -12.76%. Use the drawdown chart below to compare losses from any high point for IGIB and BIMIX.

Drawdown Indicators

	IGIB	BIMIX	Difference
Max Drawdown Largest peak-to-trough decline	-20.62%	-12.76%	-7.86%
Max Drawdown (1Y) Largest decline over 1 year	-3.01%	-2.07%	-0.94%
Max Drawdown (3Y) Largest decline over 3 years	-6.05%	-2.44%	-3.61%
Max Drawdown (5Y) Largest decline over 5 years	-20.62%	-12.76%	-7.86%
Max Drawdown (10Y) Largest decline over 10 years	-20.62%	-12.76%	-7.86%
Current Drawdown Current decline from peak	-1.33%	-1.32%	-0.01%
Average Drawdown Average peak-to-trough decline	-2.58%	-1.48%	-1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.89%	0.71%	+0.18%

Volatility

IGIB vs. BIMIX - Volatility Comparison

iShares Intermediate-Term Corporate Bond ETF (IGIB) has a higher volatility of 1.33% compared to Baird Intermediate Bond Fund Class Institutional (BIMIX) at 0.76%. This indicates that IGIB's price experiences larger fluctuations and is considered to be riskier than BIMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGIB	BIMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.33%	0.76%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	3.08%	1.72%	+1.36%
Volatility (1Y) Calculated over the trailing 1-year period	4.14%	2.49%	+1.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.56%	3.88%	+2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.06%	3.25%	+2.81%

IGIB vs. BIMIX - Expense Ratio Comparison

IGIB has a 0.06% expense ratio, which is lower than BIMIX's 0.30% expense ratio.

Dividends

IGIB vs. BIMIX - Dividend Comparison

IGIB's dividend yield for the trailing twelve months is around 4.82%, more than BIMIX's 3.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIMIX Baird Intermediate Bond Fund Class Institutional	3.72%	3.67%	3.89%	3.21%	2.17%	2.27%	3.49%	2.52%	2.50%	2.35%	2.21%	2.57%
IGIB iShares Intermediate-Term Corporate Bond ETF	4.82%	4.59%	4.41%	3.78%	3.04%	2.52%	2.74%	3.44%	3.41%	2.51%	2.45%	2.51%

Frequently Asked Questions

Can I hold both IGIB and BIMIX in my portfolio?

IGIB and BIMIX have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGIB or BIMIX?

IGIB has higher volatility (1.33%) compared to BIMIX (0.76%). In terms of maximum drawdown, IGIB dropped -20.62% vs BIMIX's -12.76%.

Which has better risk-adjusted returns?

BIMIX currently has the higher Sharpe Ratio (1.59 vs 1.52), 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.