MPBFX vs. BIMSX

Last updated Jun 3, 2026

MPBFX (BNY Mellon Bond Fund) and BIMSX (Baird Intermediate Bond Fund) are both Intermediate Core Bond funds. Over the past 10 years, MPBFX returned 1.56%/yr vs 1.97%/yr for BIMSX. Their correlation of 0.90 suggests significant overlap in exposure. Both charge a 0.55% expense ratio.

Performance

MPBFX vs. BIMSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Bond Fund (MPBFX) and Baird Intermediate Bond Fund (BIMSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MPBFX achieves a 0.12% return, which is significantly lower than BIMSX's 0.18% return. Over the past 10 years, MPBFX has underperformed BIMSX with an annualized return of 1.56%, while BIMSX has yielded a comparatively higher 1.97% annualized return.

MPBFX

• 1D: -0.09%
• 1M: 0.04%
• YTD: 0.12%
• 6M: 0.15%
• 1Y: 5.01%
• 3Y*: 3.79%
• 5Y*: -0.17%
• 10Y*: 1.56%

BIMSX

• 1D: 0.00%
• 1M: 0.23%
• YTD: 0.18%
• 6M: 0.35%
• 1Y: 4.10%
• 3Y*: 4.52%
• 5Y*: 1.11%
• 10Y*: 1.97%

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

MPBFX vs. BIMSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MPBFX BNY Mellon Bond Fund	0.12%	7.20%	1.08%	5.48%	-13.55%	-1.50%	7.87%	8.82%	-0.53%	3.91%
BIMSX Baird Intermediate Bond Fund	0.18%	6.76%	3.21%	5.53%	-8.88%	-1.68%	7.16%	6.83%	0.30%	2.53%

Correlation

The correlation between MPBFX and BIMSX is 0.90, 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	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.93
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Oct 2, 2000	0.90

The correlation between MPBFX and BIMSX has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.

Return for Risk

MPBFX vs. BIMSX — Risk / Return Rank

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

MPBFX

MPBFX Risk / Return Rank: 19
MPBFX Sharpe Ratio Rank: 18
MPBFX Sortino Ratio Rank: 19
MPBFX Omega Ratio Rank: 18
MPBFX Calmar Ratio Rank: 21
MPBFX Martin Ratio Rank: 19

BIMSX

BIMSX Risk / Return Rank: 33
BIMSX Sharpe Ratio Rank: 32
BIMSX Sortino Ratio Rank: 35
BIMSX Omega Ratio Rank: 34
BIMSX Calmar Ratio Rank: 34
BIMSX Martin Ratio Rank: 29

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.

MPBFX vs. BIMSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Bond Fund (MPBFX) and Baird Intermediate Bond Fund (BIMSX). 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.

	MPBFX	BIMSX	Difference
Sharpe ratio Return per unit of total volatility	1.25	1.63	-0.38
Sortino ratio Return per unit of downside risk	1.87	2.47	-0.61
Omega ratio Gain probability vs. loss probability	1.22	1.31	-0.08
Calmar ratio Return relative to maximum drawdown	1.73	2.20	-0.47
Martin ratio Return relative to average drawdown	5.34	6.84	-1.50
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MPBFX vs. BIMSX - Sharpe Ratio Comparison

The current MPBFX Sharpe Ratio is 1.25, which is comparable to the BIMSX Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of MPBFX and BIMSX, 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

	MPBFX	BIMSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.63	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.03	0.29	-0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.32	0.61	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	1.09	-0.25

Drawdowns

MPBFX vs. BIMSX - Drawdown Comparison

The maximum MPBFX drawdown since its inception was -18.40%, which is greater than BIMSX's maximum drawdown of -13.07%. Use the drawdown chart below to compare losses from any high point for MPBFX and BIMSX.

Drawdown Indicators

	MPBFX	BIMSX	Difference
Max Drawdown Largest peak-to-trough decline	-18.40%	-13.07%	-5.33%
Max Drawdown (1Y) Largest decline over 1 year	-2.87%	-1.87%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	-6.18%	-2.57%	-3.61%
Max Drawdown (5Y) Largest decline over 5 years	-18.40%	-13.00%	-5.40%
Max Drawdown (10Y) Largest decline over 10 years	-18.40%	-13.07%	-5.33%
Current Drawdown Current decline from peak	-2.63%	-0.98%	-1.65%
Average Drawdown Average peak-to-trough decline	-2.41%	-1.59%	-0.82%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	0.60%	+0.33%

Volatility

MPBFX vs. BIMSX - Volatility Comparison

BNY Mellon Bond Fund (MPBFX) has a higher volatility of 1.35% compared to Baird Intermediate Bond Fund (BIMSX) at 0.85%. This indicates that MPBFX's price experiences larger fluctuations and is considered to be riskier than BIMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MPBFX	BIMSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.35%	0.85%	+0.50%
Volatility (6M) Calculated over the trailing 6-month period	2.71%	1.80%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	3.78%	2.53%	+1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.85%	3.88%	+1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.84%	3.24%	+1.60%

MPBFX vs. BIMSX - Expense Ratio Comparison

Both MPBFX and BIMSX have an expense ratio of 0.55%.

Dividends

MPBFX vs. BIMSX - Dividend Comparison

MPBFX's dividend yield for the trailing twelve months is around 3.82%, more than BIMSX's 3.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIMSX Baird Intermediate Bond Fund	3.59%	3.50%	3.44%	2.81%	1.81%	1.90%	3.08%	2.16%	2.14%	1.98%	1.89%	2.21%
MPBFX BNY Mellon Bond Fund	3.82%	3.82%	3.70%	3.17%	2.86%	2.33%	4.64%	2.87%	3.00%	2.89%	3.12%	2.77%

Frequently Asked Questions

Can I hold both MPBFX and BIMSX in my portfolio?

MPBFX and BIMSX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MPBFX or BIMSX?

MPBFX has higher volatility (1.35%) compared to BIMSX (0.85%). In terms of maximum drawdown, MPBFX dropped -18.40% vs BIMSX's -13.07%.

Which has better risk-adjusted returns?

BIMSX currently has the higher Sharpe Ratio (1.63 vs 1.25), 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.