RCS vs. BCOIX
RCS (PIMCO Strategic Income Fund) and BCOIX (Baird Core Plus Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, RCS returned 3.60%/yr vs 2.56%/yr for BCOIX. At 0.09, their price movements are largely independent.
Performance
RCS vs. BCOIX - Performance Comparison
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Returns By Period
In the year-to-date period, RCS achieves a -3.80% return, which is significantly lower than BCOIX's 0.42% return. Over the past 10 years, RCS has outperformed BCOIX with an annualized return of 3.60%, while BCOIX has yielded a comparatively lower 2.56% annualized return.
RCS
- 1D
- 0.57%
- 1M
- -4.55%
- YTD
- -3.80%
- 6M
- -27.93%
- 1Y
- 1.97%
- 3Y*
- 7.95%
- 5Y*
- 2.04%
- 10Y*
- 3.60%
BCOIX
- 1D
- 0.10%
- 1M
- 0.47%
- YTD
- 0.42%
- 6M
- 1.04%
- 1Y
- 7.19%
- 3Y*
- 4.57%
- 5Y*
- 0.93%
- 10Y*
- 2.56%
RCS vs. BCOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | -3.80% | -21.48% | 37.47% | 37.60% | -18.72% | 6.33% | -16.19% | 1.62% | 15.51% | 14.39% |
BCOIX Baird Core Plus Bond Fund | 0.42% | 7.47% | 2.54% | 6.89% | -12.86% | -1.02% | 8.80% | 10.11% | -0.52% | 4.65% |
Correlation
The correlation between RCS and BCOIX is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.20 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2000 | 0.09 |
The correlation between RCS and BCOIX shifts across timeframes, from 0.09 (all time) to 0.20 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
RCS vs. BCOIX — Risk / Return Rank
RCS
BCOIX
RCS vs. BCOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PIMCO Strategic Income Fund (RCS) 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.
| RCS | BCOIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.08 | 1.68 | -1.76 |
Sortino ratioReturn per unit of downside risk | 0.06 | 2.50 | -2.44 |
Omega ratioGain probability vs. loss probability | 1.01 | 1.31 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | -0.06 | 2.27 | -2.33 |
Martin ratioReturn relative to average drawdown | -0.14 | 7.97 | -8.11 |
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
| RCS | BCOIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.08 | 1.68 | -1.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.17 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.14 | 0.55 | -0.41 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 1.08 | -0.80 |
Drawdowns
RCS vs. BCOIX - Drawdown Comparison
The maximum RCS drawdown since its inception was -46.69%, which is greater than BCOIX's maximum drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for RCS and BCOIX.
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Drawdown Indicators
| RCS | BCOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.69% | -18.13% | -28.56% |
Max Drawdown (1Y)Largest decline over 1 year | -32.94% | -2.52% | -30.42% |
Max Drawdown (5Y)Largest decline over 5 years | -36.18% | -18.13% | -18.05% |
Max Drawdown (10Y)Largest decline over 10 years | -46.69% | -18.13% | -28.56% |
Current DrawdownCurrent decline from peak | -31.38% | -1.26% | -30.12% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -2.19% | -7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 15.05% | 0.72% | +14.33% |
Volatility
RCS vs. BCOIX - Volatility Comparison
PIMCO Strategic Income Fund (RCS) has a higher volatility of 10.47% compared to Baird Core Plus Bond Fund (BCOIX) at 1.60%. This indicates that RCS's price experiences larger fluctuations and is considered to be riskier than BCOIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RCS | BCOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.47% | 1.60% | +8.87% |
Volatility (6M)Calculated over the trailing 6-month period | 20.71% | 2.51% | +18.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.36% | 3.87% | +20.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.06% | 5.62% | +19.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.77% | 4.66% | +21.11% |
Dividends
RCS vs. BCOIX - Dividend Comparison
RCS's dividend yield for the trailing twelve months is around 9.14%, more than BCOIX's 4.28% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RCS PIMCO Strategic Income Fund | 8.38% | 8.62% | 8.03% | 10.07% | 12.39% | 9.01% | 9.57% | 8.44% | 8.93% | 9.50% | 10.92% | 11.17% |
BCOIX Baird Core Plus Bond Fund | 4.28% | 4.21% | 4.13% | 3.58% | 3.10% | 2.96% | 3.51% | 2.96% | 3.13% | 2.83% | 3.01% | 2.84% |