PBDIX vs. BAGIX
Compare and contrast key facts about T. Rowe Price QM U.S. Bond Index Fund (PBDIX) and Baird Aggregate Bond Fund Class I (BAGIX).
PBDIX is managed by T. Rowe Price. BAGIX is managed by Baird. It was launched on Sep 29, 2000.
Performance
PBDIX vs. BAGIX - Performance Comparison
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PBDIX vs. BAGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PBDIX T. Rowe Price QM U.S. Bond Index Fund | -0.33% | 10.63% | 1.96% | 5.47% | -14.24% | -1.45% | 8.17% | 8.69% | -0.01% | 3.83% |
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, PBDIX achieves a -0.33% return, which is significantly lower than BAGIX's -0.26% return. Both investments have delivered pretty close results over the past 10 years, with PBDIX having a 2.02% annualized return and BAGIX not far ahead at 2.05%.
PBDIX
- 1D
- 0.52%
- 1M
- -2.44%
- YTD
- -0.33%
- 6M
- 1.93%
- 1Y
- 7.31%
- 3Y*
- 4.79%
- 5Y*
- 0.69%
- 10Y*
- 2.02%
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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PBDIX vs. BAGIX - Expense Ratio Comparison
PBDIX has a 0.23% expense ratio, which is lower than BAGIX's 0.30% expense ratio.
Return for Risk
PBDIX vs. BAGIX — Risk / Return Rank
PBDIX
BAGIX
PBDIX vs. BAGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price QM U.S. Bond Index Fund (PBDIX) 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.
| PBDIX | BAGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.73 | 1.02 | +0.71 |
Sortino ratioReturn per unit of downside risk | 2.51 | 1.47 | +1.04 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.18 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 2.64 | 1.90 | +0.74 |
Martin ratioReturn relative to average drawdown | 8.49 | 5.60 | +2.89 |
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
| PBDIX | BAGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.73 | 1.02 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | 0.09 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.42 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 0.97 | -0.12 |
Correlation
The correlation between PBDIX and BAGIX is 0.90, 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
PBDIX vs. BAGIX - Dividend Comparison
PBDIX's dividend yield for the trailing twelve months is around 7.42%, more than BAGIX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBDIX T. Rowe Price QM U.S. Bond Index Fund | 7.42% | 7.33% | 4.48% | 3.49% | 2.01% | 1.84% | 3.59% | 3.18% | 2.94% | 2.75% | 2.82% | 2.99% |
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
PBDIX vs. BAGIX - Drawdown Comparison
The maximum PBDIX drawdown since its inception was -19.20%, roughly equal to the maximum BAGIX drawdown of -18.62%. Use the drawdown chart below to compare losses from any high point for PBDIX and BAGIX.
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Drawdown Indicators
| PBDIX | BAGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.20% | -18.62% | -0.58% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.63% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -19.10% | -18.60% | -0.50% |
Max Drawdown (10Y)Largest decline over 10 years | -19.20% | -18.62% | -0.58% |
Current DrawdownCurrent decline from peak | -2.44% | -2.03% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -2.52% | -2.36% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.92% | 0.89% | +0.03% |
Volatility
PBDIX vs. BAGIX - Volatility Comparison
T. Rowe Price QM U.S. Bond Index Fund (PBDIX) has a higher volatility of 1.71% compared to Baird Aggregate Bond Fund Class I (BAGIX) at 1.50%. This indicates that PBDIX'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
| PBDIX | BAGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.71% | 1.50% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 2.93% | 2.49% | +0.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.72% | 4.28% | +0.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.02% | 5.90% | +0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.98% | 4.88% | +0.10% |