IISIX vs. BCOIX
IISIX (Voya Strategic Income Opportunities Fund) and BCOIX (Baird Core Plus Bond Fund) are both mutual funds - IISIX is a Nontraditional Bonds fund managed by Voya, while BCOIX is a Intermediate Core-Plus Bond fund managed by Baird. Over the past 10 years, IISIX returned 3.36%/yr vs 2.37%/yr for BCOIX. At a 0.44 correlation, their price movements are largely independent. IISIX charges 0.61%/yr vs 0.30%/yr for BCOIX.
Performance
IISIX vs. BCOIX - Performance Comparison
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Returns By Period
In the year-to-date period, IISIX achieves a 0.35% return, which is significantly lower than BCOIX's 0.44% return. Over the past 10 years, IISIX has outperformed BCOIX with an annualized return of 3.36%, while BCOIX has yielded a comparatively lower 2.37% annualized return.
IISIX
- 1D
- -0.32%
- 1M
- 0.18%
- YTD
- 0.35%
- 6M
- 0.76%
- 1Y
- 3.18%
- 3Y*
- 5.84%
- 5Y*
- 2.18%
- 10Y*
- 3.36%
BCOIX
- 1D
- -0.20%
- 1M
- 0.77%
- YTD
- 0.44%
- 6M
- 0.67%
- 1Y
- 4.51%
- 3Y*
- 4.79%
- 5Y*
- 0.67%
- 10Y*
- 2.37%
IISIX vs. BCOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IISIX Voya Strategic Income Opportunities Fund | 0.35% | 5.94% | 6.78% | 6.69% | -8.19% | 1.54% | 1.46% | 8.47% | 1.65% | 5.87% |
BCOIX Baird Core Plus Bond Fund | 0.44% | 7.47% | 2.54% | 6.89% | -12.86% | -1.02% | 8.80% | 10.11% | -0.52% | 4.65% |
Correlation
The correlation between IISIX and BCOIX is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2013 | 0.44 |
Over the past year, IISIX and BCOIX have become more correlated (0.65) than their long-term average of 0.44, meaning their price movements have been converging.
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Return for Risk
IISIX vs. BCOIX — Risk / Return Rank
IISIX
BCOIX
IISIX vs. BCOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Strategic Income Opportunities Fund (IISIX) and Baird Core Plus Bond Fund (BCOIX). 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.
| IISIX | BCOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.24 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.96 | 1.87 | +0.09 |
| Martin ratioReturn relative to average drawdown | 7.94 | 5.27 | +2.67 |
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Drawdowns
IISIX vs. BCOIX - Drawdown Comparison
The maximum IISIX drawdown since its inception was -17.64%, roughly equal to the maximum BCOIX drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for IISIX and BCOIX.
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Drawdown Indicators
| IISIX | BCOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.64% | -18.13% | +0.49% |
Max Drawdown (1Y)Largest decline over 1 year | -1.91% | -2.58% | +0.67% |
Max Drawdown (3Y)Largest decline over 3 years | -2.22% | -5.61% | +3.39% |
Max Drawdown (5Y)Largest decline over 5 years | -9.49% | -18.13% | +8.64% |
Max Drawdown (10Y)Largest decline over 10 years | -17.64% | -18.13% | +0.49% |
Current DrawdownCurrent decline from peak | -0.68% | -1.24% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -1.57% | -2.18% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.45% | 0.92% | -0.47% |
Volatility
IISIX vs. BCOIX - Volatility Comparison
Voya Strategic Income Opportunities Fund (IISIX) and Baird Core Plus Bond Fund (BCOIX) have volatilities of 1.00% and 1.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IISIX | BCOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.03% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 2.73% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.12% | 3.66% | -0.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.99% | 5.65% | -2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.43% | 4.68% | -1.25% |
IISIX vs. BCOIX - Expense Ratio Comparison
IISIX has a 0.61% expense ratio, which is higher than BCOIX's 0.30% expense ratio.
Dividends
IISIX vs. BCOIX - Dividend Comparison
IISIX's dividend yield for the trailing twelve months is around 4.03%, less than BCOIX's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCOIX Baird Core Plus Bond Fund | 4.35% | 4.21% | 4.13% | 3.58% | 3.10% | 2.96% | 3.51% | 2.96% | 3.13% | 2.83% | 3.01% | 2.84% |
IISIX Voya Strategic Income Opportunities Fund | 4.03% | 3.70% | 5.66% | 3.75% | 2.70% | 2.86% | 3.87% | 4.55% | 4.38% | 4.12% | 4.09% | 0.81% |
Frequently Asked Questions
IISIX and BCOIX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BCOIX has higher volatility (1.03%) compared to IISIX (1.00%). In terms of maximum drawdown, IISIX dropped -17.64% vs BCOIX's -18.13%.
BCOIX currently has the higher Sharpe Ratio (1.33 vs 1.20), 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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