OPIGX vs. BAGIX
Compare and contrast key facts about Invesco Core Bond Fund (OPIGX) and Baird Aggregate Bond Fund Class I (BAGIX).
OPIGX is managed by Invesco. It was launched on Apr 15, 1988. BAGIX is managed by Baird. It was launched on Sep 29, 2000.
Performance
OPIGX vs. BAGIX - Performance Comparison
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OPIGX vs. BAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
OPIGX Invesco Core Bond Fund | -1.23% | 5.83% | 1.81% | 4.55% | -14.37% | -1.58% | 9.23% | 9.51% | -1.11% | 4.29% |
BAGIX Baird Aggregate Bond Fund Class I | -0.26% | 7.37% | 1.85% | 6.42% | -13.35% | -1.46% | 8.63% | 9.48% | -0.31% | 4.20% |
Returns By Period
In the year-to-date period, OPIGX achieves a -1.23% return, which is significantly lower than BAGIX's -0.26% return. Over the past 10 years, OPIGX has underperformed BAGIX with an annualized return of 1.50%, while BAGIX has yielded a comparatively higher 2.05% annualized return.
OPIGX
- 1D
- 0.53%
- 1M
- -2.25%
- YTD
- -1.23%
- 6M
- -1.06%
- 1Y
- 1.96%
- 3Y*
- 2.75%
- 5Y*
- -0.72%
- 10Y*
- 1.50%
BAGIX
- 1D
- 0.51%
- 1M
- -2.03%
- YTD
- -0.26%
- 6M
- 0.75%
- 1Y
- 4.14%
- 3Y*
- 4.05%
- 5Y*
- 0.51%
- 10Y*
- 2.05%
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OPIGX vs. BAGIX - Expense Ratio Comparison
OPIGX has a 0.71% expense ratio, which is higher than BAGIX's 0.30% expense ratio.
Return for Risk
OPIGX vs. BAGIX — Risk / Return Rank
OPIGX
BAGIX
OPIGX vs. BAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Core Bond Fund (OPIGX) 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.
| OPIGX | BAGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.60 | 1.02 | -0.42 |
Sortino ratioReturn per unit of downside risk | 0.85 | 1.47 | -0.63 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.18 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.90 | -0.62 |
Martin ratioReturn relative to average drawdown | 3.35 | 5.60 | -2.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| OPIGX | BAGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.60 | 1.02 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.12 | 0.09 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.42 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.97 | -0.43 |
Correlation
The correlation between OPIGX and BAGIX is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
OPIGX vs. BAGIX - Dividend Comparison
OPIGX's dividend yield for the trailing twelve months is around 2.48%, less than BAGIX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPIGX Invesco Core Bond Fund | 2.48% | 3.51% | 4.13% | 3.53% | 2.61% | 1.75% | 8.30% | 3.12% | 3.22% | 2.73% | 2.46% | 3.21% |
BAGIX Baird Aggregate Bond Fund Class I | 4.19% | 4.12% | 4.03% | 3.47% | 2.70% | 2.00% | 3.39% | 2.75% | 2.87% | 2.54% | 2.25% | 2.46% |
Drawdowns
OPIGX vs. BAGIX - Drawdown Comparison
The maximum OPIGX drawdown since its inception was -46.78%, which is greater than BAGIX's maximum drawdown of -18.62%. Use the drawdown chart below to compare losses from any high point for OPIGX and BAGIX.
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Drawdown Indicators
| OPIGX | BAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.78% | -18.62% | -28.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.81% | -2.63% | -0.18% |
Max Drawdown (5Y)Largest decline over 5 years | -19.93% | -18.60% | -1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -19.96% | -18.62% | -1.34% |
Current DrawdownCurrent decline from peak | -6.22% | -2.03% | -4.19% |
Average DrawdownAverage peak-to-trough decline | -6.07% | -2.36% | -3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.89% | +0.19% |
Volatility
OPIGX vs. BAGIX - Volatility Comparison
Invesco Core Bond Fund (OPIGX) has a higher volatility of 1.65% compared to Baird Aggregate Bond Fund Class I (BAGIX) at 1.50%. This indicates that OPIGX's price experiences larger fluctuations and is considered to be riskier than BAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| OPIGX | BAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.65% | 1.50% | +0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 2.49% | +0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.61% | 4.28% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.98% | 5.90% | +0.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.94% | 4.88% | +0.06% |