NOFIX vs. BCOIX
NOFIX (Northern Fixed Income Fund) and BCOIX (Baird Core Plus Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, NOFIX returned 1.28%/yr vs 2.16%/yr for BCOIX. Their correlation of 0.90 means they have usually moved in the same direction. NOFIX charges 0.45%/yr vs 0.30%/yr for BCOIX.
Performance
NOFIX vs. BCOIX - Performance Comparison
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Returns By Period
In the year-to-date period, NOFIX achieves a -0.94% return, which is significantly lower than BCOIX's -0.21% return. Over the past 10 years, NOFIX has underperformed BCOIX with an annualized return of 1.28%, while BCOIX has yielded a comparatively higher 2.16% annualized return.
NOFIX
- 1D
- 0.11%
- 1M
- -0.75%
- 6M
- -1.30%
- YTD
- -0.94%
- 1Y
- 2.41%
- 3Y*
- 3.31%
- 5Y*
- -1.04%
- 10Y*
- 1.28%
- ALL TIME*
- 3.92%
BCOIX
- 1D
- 0.00%
- 1M
- -0.90%
- 6M
- -0.42%
- YTD
- -0.21%
- 1Y
- 2.38%
- 3Y*
- 4.57%
- 5Y*
- 0.27%
- 10Y*
- 2.16%
- ALL TIME*
- 4.60%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
NOFIX vs. BCOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NOFIX Northern Fixed Income Fund | -0.94% | 6.39% | 1.44% | 5.32% | -14.91% | -0.36% | 7.85% | 10.76% | -2.15% | 4.42% |
BCOIX Baird Core Plus Bond Fund | -0.21% | 7.47% | 2.54% | 6.89% | -12.86% | -1.02% | 8.80% | 10.11% | -0.52% | 4.65% |
Correlation
The correlation between NOFIX and BCOIX is 0.84, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.84 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Sep 29, 2000 | 0.90 |
The correlation between NOFIX and BCOIX shifts across timeframes, from 0.84 (1 year) to 0.95 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
NOFIX vs. BCOIX — Risk / Return Rank
NOFIX
BCOIX
NOFIX vs. BCOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Northern Fixed Income Fund (NOFIX) 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.
| NOFIX | BCOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.16 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 1.24 | -0.52 |
| Martin ratioReturn relative to average drawdown | 1.62 | 3.14 | -1.52 |
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Drawdowns
NOFIX vs. BCOIX - Drawdown Comparison
The maximum NOFIX drawdown since its inception was -20.04%, which is greater than BCOIX's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for NOFIX and BCOIX.
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Drawdown Indicators
| NOFIX | BCOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.04% | -18.13% | -1.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.04% | -2.58% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -5.54% | -4.67% | -0.87% |
Max Drawdown (5Y)Largest decline over 5 years | -20.04% | -18.07% | -1.97% |
Max Drawdown (10Y)Largest decline over 10 years | -20.04% | -18.13% | -1.91% |
Current DrawdownCurrent decline from peak | -5.37% | -1.89% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -2.56% | -2.18% | -0.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.35% | 1.02% | +0.33% |
Volatility
NOFIX vs. BCOIX - Volatility Comparison
Northern Fixed Income Fund (NOFIX) and Baird Core Plus Bond Fund (BCOIX) have volatilities of 0.89% and 0.85%, 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
| NOFIX | BCOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 0.85% | +0.04% |
Volatility (6M)Calculated over the trailing 6-month period | 2.98% | 2.84% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.86% | 3.62% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 5.64% | +0.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.95% | 4.68% | +0.27% |
NOFIX vs. BCOIX - Expense Ratio Comparison
NOFIX has a 0.45% expense ratio, which is higher than BCOIX's 0.30% expense ratio.
Dividends
NOFIX vs. BCOIX - Dividend Comparison
NOFIX's dividend yield for the trailing twelve months is around 3.82%, less than BCOIX's 4.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCOIX Baird Core Plus Bond Fund | 4.42% | 4.21% | 4.13% | 3.58% | 3.10% | 2.96% | 3.51% | 2.96% | 3.13% | 2.83% | 3.01% | 2.84% |
NOFIX Northern Fixed Income Fund | 3.82% | 3.24% | 3.93% | 3.11% | 1.91% | 2.17% | 2.77% | 3.03% | 3.64% | 3.33% | 2.53% | 3.02% |
Frequently Asked Questions
NOFIX and BCOIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NOFIX has higher volatility (0.89%) compared to BCOIX (0.85%). In terms of maximum drawdown, NOFIX dropped -20.04% vs BCOIX's -18.13%.
BCOIX currently has the higher Sharpe Ratio (0.88 vs 0.57), 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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