JCBUX vs. BAGIX

Last updated Jun 4, 2026

JCBUX (JPMorgan Core Bond Fund Class R6) and BAGIX (Baird Aggregate Bond Fund Class I) are both mutual funds - JCBUX is a Intermediate Core Bond fund tracking the Bloomberg U.S. Aggregate Index, while BAGIX is a Total Bond Market fund managed by Baird. Over the past 10 years, JCBUX returned 2.08%/yr vs 1.99%/yr for BAGIX. Their correlation of 0.93 suggests significant overlap in exposure. JCBUX charges 0.33%/yr vs 0.30%/yr for BAGIX.

Performance

JCBUX vs. BAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Core Bond Fund Class R6 (JCBUX) and Baird Aggregate Bond Fund Class I (BAGIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with JCBUX having a 0.41% return and BAGIX slightly higher at 0.42%. Both investments have delivered pretty close results over the past 10 years, with JCBUX having a 2.08% annualized return and BAGIX not far behind at 1.99%.

JCBUX

• 1D: 0.00%
• 1M: 0.45%
• YTD: 0.41%
• 6M: 0.28%
• 1Y: 5.50%
• 3Y*: 4.38%
• 5Y*: 0.71%
• 10Y*: 2.08%

BAGIX

• 1D: 0.00%
• 1M: 0.57%
• YTD: 0.42%
• 6M: 0.37%
• 1Y: 5.47%
• 3Y*: 4.52%
• 5Y*: 0.45%
• 10Y*: 1.99%

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

JCBUX vs. BAGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JCBUX JPMorgan Core Bond Fund Class R6	0.41%	7.55%	2.25%	5.85%	-12.18%	-0.95%	8.28%	8.59%	0.35%	3.88%
BAGIX Baird Aggregate Bond Fund Class I	0.42%	7.37%	1.85%	6.42%	-13.35%	-1.46%	8.63%	9.48%	-0.31%	4.20%

Correlation

The correlation between JCBUX and BAGIX is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.97
Correlation (5Y) Calculated over the trailing 5-year period	0.98
Correlation (10Y) Calculated over the trailing 10-year period	0.95
Correlation (All Time) Calculated using the full available price history since Feb 23, 2005	0.93

The correlation between JCBUX and BAGIX has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.

Return for Risk

JCBUX vs. BAGIX — Risk / Return Rank

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

JCBUX

JCBUX Risk / Return Rank: 24
JCBUX Sharpe Ratio Rank: 24
JCBUX Sortino Ratio Rank: 26
JCBUX Omega Ratio Rank: 24
JCBUX Calmar Ratio Rank: 25
JCBUX Martin Ratio Rank: 21

BAGIX

BAGIX Risk / Return Rank: 26
BAGIX Sharpe Ratio Rank: 26
BAGIX Sortino Ratio Rank: 28
BAGIX Omega Ratio Rank: 25
BAGIX Calmar Ratio Rank: 29
BAGIX Martin Ratio Rank: 24

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.

JCBUX vs. BAGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Core Bond Fund Class R6 (JCBUX) 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.

	JCBUX	BAGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.45	-0.04
Sortino ratio: Return per unit of downside risk	2.12	2.18	-0.06
Omega ratio: Gain probability vs. loss probability	1.26	1.26	0.00
Calmar ratio: Return relative to maximum drawdown	1.87	2.02	-0.15
Martin ratio: Return relative to average drawdown	5.58	6.02	-0.45
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JCBUX vs. BAGIX - Sharpe Ratio Comparison

The current JCBUX Sharpe Ratio is 1.41, which is comparable to the BAGIX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of JCBUX and BAGIX, 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

	JCBUX	BAGIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	1.45	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.08	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.41	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	0.97	-0.15

Drawdowns

JCBUX vs. BAGIX - Drawdown Comparison

The maximum JCBUX drawdown since its inception was -16.46%, smaller than the maximum BAGIX drawdown of -18.62%. Use the drawdown chart below to compare losses from any high point for JCBUX and BAGIX.

Drawdown Indicators

	JCBUX	BAGIX	Difference
Max Drawdown Largest peak-to-trough decline	-16.46%	-18.62%	+2.16%
Max Drawdown (1Y) Largest decline over 1 year	-2.96%	-2.72%	-0.24%
Max Drawdown (3Y) Largest decline over 3 years	-5.81%	-6.05%	+0.24%
Max Drawdown (5Y) Largest decline over 5 years	-16.46%	-18.60%	+2.14%
Max Drawdown (10Y) Largest decline over 10 years	-16.46%	-18.62%	+2.16%
Current Drawdown Current decline from peak	-1.66%	-1.36%	-0.30%
Average Drawdown Average peak-to-trough decline	-2.29%	-2.35%	+0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.99%	0.91%	+0.08%

Volatility

JCBUX vs. BAGIX - Volatility Comparison

JPMorgan Core Bond Fund Class R6 (JCBUX) and Baird Aggregate Bond Fund Class I (BAGIX) have volatilities of 1.32% and 1.26%, 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.

Volatility by Period

	JCBUX	BAGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.32%	1.26%	+0.06%
Volatility (6M) Calculated over the trailing 6-month period	2.78%	2.63%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	3.93%	3.80%	+0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.68%	5.92%	-0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.68%	4.89%	-0.21%

JCBUX vs. BAGIX - Expense Ratio Comparison

JCBUX has a 0.33% expense ratio, which is higher than BAGIX's 0.30% expense ratio.

Dividends

JCBUX vs. BAGIX - Dividend Comparison

JCBUX's dividend yield for the trailing twelve months is around 4.22%, which matches BAGIX's 4.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAGIX Baird Aggregate Bond Fund Class I	4.24%	4.12%	4.03%	3.47%	2.70%	2.00%	3.39%	2.75%	2.87%	2.54%	2.25%	2.46%
JCBUX JPMorgan Core Bond Fund Class R6	4.22%	4.12%	4.12%	3.66%	2.85%	2.98%	4.15%	3.37%	3.06%	3.03%	3.07%	2.77%

Frequently Asked Questions

Can I hold both JCBUX and BAGIX in my portfolio?

With a correlation of 0.96, JCBUX and BAGIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, JCBUX or BAGIX?

JCBUX has higher volatility (1.32%) compared to BAGIX (1.26%). In terms of maximum drawdown, JCBUX dropped -16.46% vs BAGIX's -18.62%.

Which has better risk-adjusted returns?

BAGIX currently has the higher Sharpe Ratio (1.45 vs 1.41), 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.