RMTBX vs. BCOIX
RMTBX (Aspiriant Risk-Managed Taxable Bond Fund) and BCOIX (Baird Core Plus Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, RMTBX returned 0.53%/yr vs 0.65%/yr for BCOIX. Their correlation of 0.89 suggests significant overlap in exposure. RMTBX charges 0.69%/yr vs 0.30%/yr for BCOIX.
Performance
RMTBX vs. BCOIX - Performance Comparison
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Returns By Period
In the year-to-date period, RMTBX achieves a 0.17% return, which is significantly lower than BCOIX's 0.69% return.
RMTBX
- 1D
- 0.12%
- 1M
- 0.75%
- 6M
- -0.06%
- YTD
- 0.17%
- 1Y
- 4.30%
- 3Y*
- 4.12%
- 5Y*
- 0.53%
- 10Y*
- —
BCOIX
- 1D
- 0.10%
- 1M
- 0.64%
- 6M
- 0.69%
- YTD
- 0.69%
- 1Y
- 4.40%
- 3Y*
- 5.03%
- 5Y*
- 0.65%
- 10Y*
- 2.31%
RMTBX vs. BCOIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
RMTBX Aspiriant Risk-Managed Taxable Bond Fund | 0.17% | 7.25% | 0.54% | 7.76% | -11.67% | -0.57% | 6.63% | 7.63% | 0.91% |
BCOIX Baird Core Plus Bond Fund | 0.69% | 7.47% | 2.54% | 6.89% | -12.86% | -1.02% | 8.80% | 10.11% | 1.18% |
Correlation
The correlation between RMTBX and BCOIX is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2018 | 0.89 |
The correlation between RMTBX and BCOIX has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.
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Return for Risk
RMTBX vs. BCOIX — Risk / Return Rank
RMTBX
BCOIX
RMTBX vs. BCOIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Aspiriant Risk-Managed Taxable Bond Fund (RMTBX) 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.
| RMTBX | BCOIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.20 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.59 | -0.43 |
| Martin ratioReturn relative to average drawdown | 3.16 | 4.46 | -1.30 |
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Drawdowns
RMTBX vs. BCOIX - Drawdown Comparison
The maximum RMTBX drawdown since its inception was -17.19%, smaller than the maximum BCOIX drawdown of -18.13%. Use the drawdown chart below to compare losses from any high point for RMTBX and BCOIX.
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Drawdown Indicators
| RMTBX | BCOIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.19% | -18.13% | +0.94% |
Max Drawdown (1Y)Largest decline over 1 year | -3.52% | -2.58% | -0.94% |
Max Drawdown (3Y)Largest decline over 3 years | -6.24% | -5.61% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -17.19% | -18.13% | +0.94% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.13% | — |
Current DrawdownCurrent decline from peak | -1.76% | -1.00% | -0.76% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -2.18% | -1.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.29% | 0.93% | +0.36% |
Volatility
RMTBX vs. BCOIX - Volatility Comparison
The current volatility for Aspiriant Risk-Managed Taxable Bond Fund (RMTBX) is 1.06%, while Baird Core Plus Bond Fund (BCOIX) has a volatility of 1.12%. This indicates that RMTBX experiences smaller price fluctuations and is considered to be less risky 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
| RMTBX | BCOIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 1.12% | -0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 2.99% | 2.80% | +0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.66% | 3.67% | -0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.54% | 5.65% | -0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.75% | 4.68% | +0.07% |
RMTBX vs. BCOIX - Expense Ratio Comparison
RMTBX has a 0.69% expense ratio, which is higher than BCOIX's 0.30% expense ratio.
Dividends
RMTBX vs. BCOIX - Dividend Comparison
RMTBX's dividend yield for the trailing twelve months is around 3.43%, less than BCOIX's 4.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RMTBX Aspiriant Risk-Managed Taxable Bond Fund | 3.43% | 3.34% | 3.13% | 5.19% | 4.47% | 4.35% | 5.40% | 3.38% | 2.43% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, RMTBX and BCOIX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BCOIX has higher volatility (1.12%) compared to RMTBX (1.06%). In terms of maximum drawdown, RMTBX dropped -17.19% vs BCOIX's -18.13%.
BCOIX currently has the higher Sharpe Ratio (1.12 vs 1.11), 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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