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RCPIX vs. BCOIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RCPIX vs. BCOIX

Last updated Jun 24, 2026

RCPIX (RBC BlueBay Core Plus Bond Fund) and BCOIX (Baird Core Plus Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 3 years, RCPIX returned 6.79%/yr vs 4.79%/yr for BCOIX. Their correlation of 0.95 suggests significant overlap in exposure. RCPIX charges 0.45%/yr vs 0.30%/yr for BCOIX.

Performance

RCPIX vs. BCOIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RBC BlueBay Core Plus Bond Fund (RCPIX) and Baird Core Plus Bond Fund (BCOIX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RCPIX achieves a 0.09% return, which is significantly lower than BCOIX's 0.44% return.

RCPIX

1D
-0.22%
1M
0.62%
YTD
0.09%
6M
0.42%
1Y
5.31%
3Y*
6.79%
5Y*
—
10Y*
—

BCOIX

1D
-0.20%
1M
0.77%
YTD
0.44%
6M
0.67%
1Y
4.51%
3Y*
4.79%
5Y*
0.67%
10Y*
2.37%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RCPIX vs. BCOIX - Yearly Performance Comparison

2026 (YTD)20252024202320222021
RCPIX
RBC BlueBay Core Plus Bond Fund		0.09%8.16%5.97%9.64%-13.59%-0.20%
BCOIX
Baird Core Plus Bond Fund		0.44%7.47%2.54%6.89%-12.86%0.09%

Correlation

The correlation between RCPIX and BCOIX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.90

Correlation (3Y)
Calculated over the trailing 3-year period

0.94

Correlation (All Time)
Calculated using the full available price history since Nov 2, 2021

0.95

The correlation between RCPIX and BCOIX has been stable across timeframes, ranging from 0.90 to 0.95 - a consistent structural relationship.

Compare stocks, funds, or ETFs

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RBC BlueBay Core Plus Bond Fund

Baird Core Plus Bond Fund

Often compared with RCPIX:
RCPIX vs. RSDIXRCPIX vs. 0P0000706A.TORCPIX vs. REEIXRCPIX vs. ACCSXRCPIX vs. RGOIXRCPIX vs. RUSIXRCPIX vs. ARINX
Often compared with BCOIX:
BCOIX vs. VBTLXBCOIX vs. DODIXBCOIX vs. AGGBCOIX vs. VBTIXBCOIX vs. RGHYXBCOIX vs. VBilxBCOIX vs. CGMS

Return for Risk

RCPIX vs. BCOIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RCPIX
RCPIX Risk / Return Rank: 2626
Overall Rank
RCPIX Sharpe Ratio Rank: 3030
Sharpe Ratio Rank
RCPIX Sortino Ratio Rank: 3030
Sortino Ratio Rank
RCPIX Omega Ratio Rank: 3030
Omega Ratio Rank
RCPIX Calmar Ratio Rank: 2323
Calmar Ratio Rank
RCPIX Martin Ratio Rank: 1818
Martin Ratio Rank
BCOIX
BCOIX Risk / Return Rank: 2626
Overall Rank
BCOIX Sharpe Ratio Rank: 2525
Sharpe Ratio Rank
BCOIX Sortino Ratio Rank: 2727
Sortino Ratio Rank
BCOIX Omega Ratio Rank: 2424
Omega Ratio Rank
BCOIX Calmar Ratio Rank: 2929
Calmar Ratio Rank
BCOIX Martin Ratio Rank: 2323
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RCPIX vs. BCOIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RBC BlueBay Core Plus Bond Fund (RCPIX) 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.

RCPIXBCOIXDifference
Sharpe ratioReturn per unit of total volatility
1.45
1.33

+0.13

Sortino ratioReturn per unit of downside risk
2.10
2.00

+0.11

Omega ratioGain probability vs. loss probability

1.27

1.24

+0.03

Calmar ratioReturn relative to maximum drawdown

1.61

1.87

-0.26

Martin ratioReturn relative to average drawdown

4.40

5.27

-0.87

RCPIX vs. BCOIX - Sharpe Ratio Comparison

The current RCPIX Sharpe Ratio is 1.45, which is comparable to the BCOIX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of RCPIX and BCOIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RCPIX vs. BCOIX - Drawdown Comparison

The maximum RCPIX drawdown since its inception was -18.89%, roughly equal to the maximum BCOIX drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for RCPIX and BCOIX.

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Drawdown Indicators

RCPIXBCOIXDifference

Max Drawdown

Largest peak-to-trough decline

-18.89%

-18.13%

-0.76%

Max Drawdown (1Y)

Largest decline over 1 year

-3.46%

-2.58%

-0.88%

Max Drawdown (3Y)

Largest decline over 3 years

-5.15%

-5.61%

+0.46%

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.13%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-18.13%

—

Current Drawdown

Current decline from peak

-1.98%

-1.24%

-0.74%

Average Drawdown

Average peak-to-trough decline

-5.88%

-2.18%

-3.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.27%

0.92%

+0.35%

Volatility

RCPIX vs. BCOIX - Volatility Comparison

RBC BlueBay Core Plus Bond Fund (RCPIX) and Baird Core Plus Bond Fund (BCOIX) have volatilities of 1.02% and 1.03%, 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

RCPIXBCOIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.02%

1.03%

-0.01%

Volatility (6M)

Calculated over the trailing 6-month period

3.02%

2.73%

+0.29%

Volatility (1Y)

Calculated over the trailing 1-year period

3.85%

3.66%

+0.19%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

5.63%

5.65%

-0.02%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

5.63%

4.68%

+0.95%

RCPIX vs. BCOIX - Expense Ratio Comparison

RCPIX has a 0.45% expense ratio, which is higher than BCOIX's 0.30% expense ratio.

Dividends

RCPIX vs. BCOIX - Dividend Comparison

RCPIX's dividend yield for the trailing twelve months is around 5.82%, more than BCOIX's 4.35% yield.

PositionTTM20252024202320222021202020192018201720162015
BCOIX
Baird Core Plus Bond Fund		4.35%4.21%4.13%3.58%3.10%2.96%3.51%2.96%3.13%2.83%3.01%2.84%
RCPIX
RBC BlueBay Core Plus Bond Fund		5.82%4.95%4.37%4.34%3.77%0.21%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

RCPIX and BCOIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BCOIX has higher volatility (1.03%) compared to RCPIX (1.02%). In terms of maximum drawdown, RCPIX dropped -18.89% vs BCOIX's -18.13%.

RCPIX currently has the higher Sharpe Ratio (1.45 vs 1.33), 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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