MGFIX vs. BCOIX
MGFIX (AMG GW&K ESG Bond Fund) and BCOIX (Baird Core Plus Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, MGFIX returned 1.38%/yr vs 2.41%/yr for BCOIX. Their correlation of 0.87 suggests significant overlap in exposure. MGFIX charges 0.68%/yr vs 0.30%/yr for BCOIX.
Performance
MGFIX vs. BCOIX - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with MGFIX having a 0.63% return and BCOIX slightly higher at 0.64%. Over the past 10 years, MGFIX has underperformed BCOIX with an annualized return of 1.38%, while BCOIX has yielded a comparatively higher 2.41% annualized return.
MGFIX
- 1D
- 0.23%
- 1M
- 0.91%
- YTD
- 0.63%
- 6M
- 0.76%
- 1Y
- 4.83%
- 3Y*
- 4.34%
- 5Y*
- -0.08%
- 10Y*
- 1.38%
BCOIX
- 1D
- 0.20%
- 1M
- 0.97%
- YTD
- 0.64%
- 6M
- 0.87%
- 1Y
- 5.02%
- 3Y*
- 4.93%
- 5Y*
- 0.66%
- 10Y*
- 2.41%
MGFIX vs. BCOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MGFIX AMG GW&K ESG Bond Fund | 0.63% | 7.26% | 1.50% | 6.69% | -13.17% | -9.68% | 7.34% | 11.11% | -1.82% | 6.78% |
BCOIX Baird Core Plus Bond Fund | 0.64% | 7.47% | 2.54% | 6.89% | -12.86% | -1.02% | 8.80% | 10.11% | -0.52% | 4.65% |
Correlation
The correlation between MGFIX and BCOIX 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 | 0.97 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2000 | 0.87 |
The correlation between MGFIX and BCOIX shifts across timeframes, from 0.87 (all time) to 0.97 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
MGFIX vs. BCOIX — Risk / Return Rank
MGFIX
BCOIX
MGFIX vs. BCOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG GW&K ESG Bond Fund (MGFIX) 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.
| MGFIX | BCOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.95 | -0.27 |
| Martin ratioReturn relative to average drawdown | 4.86 | 5.51 | -0.66 |
Loading charts...
Drawdowns
MGFIX vs. BCOIX - Drawdown Comparison
The maximum MGFIX drawdown since its inception was -25.03%, which is greater than BCOIX's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for MGFIX and BCOIX.
Loading charts...
Drawdown Indicators
| MGFIX | BCOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.03% | -18.13% | -6.90% |
Max Drawdown (1Y)Largest decline over 1 year | -2.93% | -2.58% | -0.35% |
Max Drawdown (3Y)Largest decline over 3 years | -6.75% | -5.61% | -1.14% |
Max Drawdown (5Y)Largest decline over 5 years | -19.68% | -18.13% | -1.55% |
Max Drawdown (10Y)Largest decline over 10 years | -25.03% | -18.13% | -6.90% |
Current DrawdownCurrent decline from peak | -8.33% | -1.05% | -7.28% |
Average DrawdownAverage peak-to-trough decline | -4.81% | -2.18% | -2.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.91% | +0.10% |
Volatility
MGFIX vs. BCOIX - Volatility Comparison
AMG GW&K ESG Bond Fund (MGFIX) has a higher volatility of 1.15% compared to Baird Core Plus Bond Fund (BCOIX) at 1.09%. This indicates that MGFIX's price experiences larger fluctuations and is considered to be riskier than BCOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| MGFIX | BCOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.09% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.78% | 2.72% | +0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.65% | 3.64% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.77% | 5.65% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.25% | 4.68% | +0.57% |
MGFIX vs. BCOIX - Expense Ratio Comparison
MGFIX has a 0.68% expense ratio, which is higher than BCOIX's 0.30% expense ratio.
Dividends
MGFIX vs. BCOIX - Dividend Comparison
MGFIX's dividend yield for the trailing twelve months is around 4.06%, less than BCOIX's 4.34% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCOIX Baird Core Plus Bond Fund | 4.34% | 4.21% | 4.13% | 3.58% | 3.10% | 2.96% | 3.51% | 2.96% | 3.13% | 2.83% | 3.01% | 2.84% |
MGFIX AMG GW&K ESG Bond Fund | 4.06% | 3.85% | 3.56% | 2.94% | 2.41% | 2.21% | 3.38% | 4.20% | 3.89% | 3.81% | 4.96% | 4.17% |
Frequently Asked Questions
With a correlation of 0.96, MGFIX and BCOIX 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.
MGFIX has higher volatility (1.15%) compared to BCOIX (1.09%). In terms of maximum drawdown, MGFIX dropped -25.03% vs BCOIX's -18.13%.
BCOIX currently has the higher Sharpe Ratio (1.38 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.
Find the right allocation for MGFIX and BCOIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer