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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: OPIGX or BAGIX.
Key characteristics
| OPIGX | BAGIX | |
|---|---|---|
| YTD Return | 2.32% | 2.13% |
| 1Y Return | 9.33% | 9.01% |
| 3Y Return (Ann) | -2.49% | -1.97% |
| 5Y Return (Ann) | -1.28% | 0.01% |
| 10Y Return (Ann) | 0.93% | 1.72% |
| Sharpe Ratio | 1.58 | 1.53 |
| Sortino Ratio | 2.40 | 2.27 |
| Omega Ratio | 1.29 | 1.28 |
| Calmar Ratio | 0.46 | 0.57 |
| Martin Ratio | 6.06 | 5.76 |
| Ulcer Index | 1.54% | 1.56% |
| Daily Std Dev | 5.91% | 5.90% |
| Max Drawdown | -46.77% | -19.44% |
| Current Drawdown | -12.86% | -8.15% |
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.
Performance
OPIGX vs. BAGIX - Performance Comparison
In the year-to-date period, OPIGX achieves a 2.32% return, which is significantly higher than BAGIX's 2.13% return. Over the past 10 years, OPIGX has underperformed BAGIX with an annualized return of 0.93%, while BAGIX has yielded a comparatively higher 1.72% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
Risk-Adjusted Performance
OPIGX vs. BAGIX - Risk-Adjusted Performance 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.
Dividends
OPIGX vs. BAGIX - Dividend Comparison
OPIGX's dividend yield for the trailing twelve months is around 4.58%, more than BAGIX's 3.90% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPIGX Invesco Core Bond Fund | 4.58% | 4.23% | 3.05% | 1.75% | 2.01% | 2.81% | 3.23% | 2.74% | 2.49% | 3.20% | 3.32% | 4.10% |
BAGIX Baird Aggregate Bond Fund Class I | 3.90% | 3.46% | 2.69% | 1.92% | 2.29% | 2.76% | 2.89% | 2.55% | 2.47% | 2.47% | 2.90% | 3.32% |
Drawdowns
OPIGX vs. BAGIX - Drawdown Comparison
The maximum OPIGX drawdown since its inception was -46.77%, which is greater than BAGIX's maximum drawdown of -19.44%. Use the drawdown chart below to compare losses from any high point for OPIGX and BAGIX. For additional features, visit the drawdowns tool.
Volatility
OPIGX vs. BAGIX - Volatility Comparison
The current volatility for Invesco Core Bond Fund (OPIGX) is 1.54%, while Baird Aggregate Bond Fund Class I (BAGIX) has a volatility of 1.73%. This indicates that OPIGX experiences smaller price fluctuations and is considered to be less risky than BAGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.