VGIT vs. BIMSX
VGIT (Vanguard Intermediate-Term Treasury ETF) and BIMSX (Baird Intermediate Bond Fund) are both funds - VGIT is a Government Bonds fund tracking the Bloomberg U.S. Treasury 3-10 Year Index, while BIMSX is a Intermediate Core Bond fund managed by Baird. Over the past 10 years, VGIT returned 1.20%/yr vs 1.95%/yr for BIMSX. Their correlation of 0.90 suggests significant overlap in exposure. VGIT charges 0.03%/yr vs 0.55%/yr for BIMSX.
Performance
VGIT vs. BIMSX - Performance Comparison
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Returns By Period
In the year-to-date period, VGIT achieves a -0.29% return, which is significantly lower than BIMSX's 0.27% return. Over the past 10 years, VGIT has underperformed BIMSX with an annualized return of 1.20%, while BIMSX has yielded a comparatively higher 1.95% annualized return.
VGIT
- 1D
- -0.12%
- 1M
- 0.67%
- YTD
- -0.29%
- 6M
- 0.04%
- 1Y
- 3.43%
- 3Y*
- 3.69%
- 5Y*
- 0.01%
- 10Y*
- 1.20%
BIMSX
- 1D
- 0.36%
- 1M
- 0.68%
- YTD
- 0.27%
- 6M
- 0.71%
- 1Y
- 4.00%
- 3Y*
- 4.59%
- 5Y*
- 1.03%
- 10Y*
- 1.95%
VGIT vs. BIMSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VGIT Vanguard Intermediate-Term Treasury ETF | -0.29% | 7.34% | 1.39% | 4.28% | -10.53% | -2.64% | 7.71% | 6.19% | 1.35% | 1.70% |
BIMSX Baird Intermediate Bond Fund | 0.27% | 6.76% | 3.21% | 5.53% | -8.88% | -1.68% | 7.16% | 6.83% | 0.30% | 2.53% |
Correlation
The correlation between VGIT and BIMSX is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2009 | 0.90 |
The correlation between VGIT and BIMSX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
VGIT vs. BIMSX — Risk / Return Rank
VGIT
BIMSX
VGIT vs. BIMSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Intermediate-Term Treasury ETF (VGIT) and Baird Intermediate Bond Fund (BIMSX). 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.
| VGIT | BIMSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -1.01 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.30 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.15 | -1.02 |
| Martin ratioReturn relative to average drawdown | 3.18 | 6.36 | -3.19 |
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Drawdowns
VGIT vs. BIMSX - Drawdown Comparison
The maximum VGIT drawdown since its inception was -16.05%, which is greater than BIMSX's maximum drawdown of -13.07%. Use the drawdown chart below to compare losses from any high point for VGIT and BIMSX.
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Drawdown Indicators
| VGIT | BIMSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.05% | -13.07% | -2.98% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -1.87% | -0.96% |
Max Drawdown (3Y)Largest decline over 3 years | -4.34% | -2.57% | -1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -15.02% | -13.00% | -2.02% |
Max Drawdown (10Y)Largest decline over 10 years | -16.05% | -13.07% | -2.98% |
Current DrawdownCurrent decline from peak | -2.22% | -0.89% | -1.33% |
Average DrawdownAverage peak-to-trough decline | -3.52% | -1.59% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 0.63% | +0.38% |
Volatility
VGIT vs. BIMSX - Volatility Comparison
Vanguard Intermediate-Term Treasury ETF (VGIT) has a higher volatility of 1.15% compared to Baird Intermediate Bond Fund (BIMSX) at 0.88%. This indicates that VGIT's price experiences larger fluctuations and is considered to be riskier than BIMSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VGIT | BIMSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 0.88% | +0.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.40% | 1.84% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.34% | 2.50% | +0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.38% | 3.88% | +1.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.50% | 3.25% | +1.25% |
VGIT vs. BIMSX - Expense Ratio Comparison
VGIT has a 0.03% expense ratio, which is lower than BIMSX's 0.55% expense ratio.
Dividends
VGIT vs. BIMSX - Dividend Comparison
VGIT's dividend yield for the trailing twelve months is around 3.86%, more than BIMSX's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIMSX Baird Intermediate Bond Fund | 3.59% | 3.50% | 3.44% | 2.81% | 1.81% | 1.90% | 3.08% | 2.16% | 2.14% | 1.98% | 1.89% | 2.21% |
VGIT Vanguard Intermediate-Term Treasury ETF | 3.86% | 3.79% | 3.67% | 2.73% | 1.74% | 1.69% | 2.23% | 2.24% | 2.05% | 1.67% | 1.69% | 1.69% |
Frequently Asked Questions
With a correlation of 0.94, VGIT and BIMSX 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.
VGIT has higher volatility (1.15%) compared to BIMSX (0.88%). In terms of maximum drawdown, VGIT dropped -16.05% vs BIMSX's -13.07%.
BIMSX currently has the higher Sharpe Ratio (1.61 vs 0.96), 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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