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OPIGX vs. BAGIX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

OPIGX vs. BAGIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Core Bond Fund (OPIGX) and Baird Aggregate Bond Fund Class I (BAGIX). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
3.70%
3.44%
OPIGX
BAGIX

Returns By Period

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 0.94%, while BAGIX has yielded a comparatively higher 1.72% annualized return.


OPIGX

YTD

2.32%

1M

-0.69%

6M

3.33%

1Y

7.34%

5Y (annualized)

-1.34%

10Y (annualized)

0.94%

BAGIX

YTD

2.13%

1M

-0.79%

6M

3.12%

1Y

7.16%

5Y (annualized)

-0.04%

10Y (annualized)

1.72%

Key characteristics


OPIGXBAGIX
Sharpe Ratio1.341.27
Sortino Ratio1.991.87
Omega Ratio1.241.23
Calmar Ratio0.390.50
Martin Ratio4.634.41
Ulcer Index1.63%1.65%
Daily Std Dev5.64%5.71%
Max Drawdown-46.77%-19.44%
Current Drawdown-12.86%-8.15%

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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.


OPIGX
Invesco Core Bond Fund
Expense ratio chart for OPIGX: current value at 0.71% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.71%
Expense ratio chart for BAGIX: current value at 0.30% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.30%

Correlation

-0.50.00.51.00.8

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.

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.


Sharpe ratio
The chart of Sharpe ratio for OPIGX, currently valued at 1.34, compared to the broader market-1.000.001.002.003.004.005.001.341.27
The chart of Sortino ratio for OPIGX, currently valued at 1.99, compared to the broader market0.005.0010.001.991.87
The chart of Omega ratio for OPIGX, currently valued at 1.24, compared to the broader market1.002.003.004.001.241.23
The chart of Calmar ratio for OPIGX, currently valued at 0.39, compared to the broader market0.005.0010.0015.0020.0025.000.390.50
The chart of Martin ratio for OPIGX, currently valued at 4.63, compared to the broader market0.0020.0040.0060.0080.00100.004.634.41
OPIGX
BAGIX

The current OPIGX Sharpe Ratio is 1.34, which is comparable to the BAGIX Sharpe Ratio of 1.27. The chart below compares the historical Sharpe Ratios of OPIGX and BAGIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.00JuneJulyAugustSeptemberOctoberNovember
1.34
1.27
OPIGX
BAGIX

Dividends

OPIGX vs. BAGIX - Dividend Comparison

OPIGX's dividend yield for the trailing twelve months is around 4.59%, more than BAGIX's 3.90% yield.


TTM20232022202120202019201820172016201520142013
OPIGX
Invesco Core Bond Fund
4.59%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.


-16.00%-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%JuneJulyAugustSeptemberOctoberNovember
-12.86%
-8.15%
OPIGX
BAGIX

Volatility

OPIGX vs. BAGIX - Volatility Comparison

The current volatility for Invesco Core Bond Fund (OPIGX) is 1.21%, while Baird Aggregate Bond Fund Class I (BAGIX) has a volatility of 1.53%. 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.


1.00%1.20%1.40%1.60%1.80%2.00%JuneJulyAugustSeptemberOctoberNovember
1.21%
1.53%
OPIGX
BAGIX