- ISIN
- US0682781002
- CUSIP
- 068278100
- Inception Date
- Jun 12, 1987
- Category
- Mid Cap Growth Equities
- Min. Investment
- $2,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
BARAX Performance Chart
Baron Asset Fund (BARAX) is up 0.3% since the beginning of the year. BARAX is currently trading at $89 per share. Investors who bought $1,000 worth of BARAX shares 5 years ago would now be looking at an investment worth $1,111.
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Returns By Period
Baron Asset Fund (BARAX) has returned 0.29% so far this year and 3.96% over the past 12 months. Over the last ten years, BARAX has returned 11.02% per year, falling short of the S&P 500 Index benchmark, which averaged 13.53% annually.
Baron Asset Fund
- 1D
- -1.12%
- 1M
- 8.21%
- YTD
- 0.29%
- 6M
- -1.24%
- 1Y
- 3.96%
- 3Y*
- 10.21%
- 5Y*
- 2.13%
- 10Y*
- 11.02%
Benchmark (S&P 500 Index)
- 1D
- 1.75%
- 1M
- -0.09%
- YTD
- 8.02%
- 6M
- 7.15%
- 1Y
- 22.78%
- 3Y*
- 19.45%
- 5Y*
- 11.73%
- 10Y*
- 13.53%
BARAX Monthly Returns History
Based on dividend-adjusted daily data since Jun 12, 1987, BARAX's average daily return is +0.04%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 61% of months were positive and 39% were negative. The best month was Apr 2009 with a return of +15.9%, while the worst month was Aug 1998 at -20.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 7 months.
On a daily basis, BARAX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +9.5%, while the worst single day was Mar 16, 2020 at -11.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.71% | 1.85% | -6.05% | 2.78% | 0.74% | 5.14% | 0.29% | ||||||
| 2025 | 5.31% | -4.61% | -3.39% | 0.19% | 5.57% | 1.90% | -0.89% | -1.36% | -2.10% | -1.20% | 4.67% | 4.22% | 7.89% |
| 2024 | -1.01% | 4.87% | 2.04% | -7.60% | 2.43% | 1.88% | 2.69% | 2.30% | 3.06% | -1.95% | 6.93% | -4.84% | 10.35% |
| 2023 | 6.48% | -2.68% | 1.59% | -1.04% | -0.41% | 5.08% | 2.76% | -1.84% | -5.30% | -5.14% | 11.02% | 6.73% | 17.05% |
| 2022 | -13.84% | -3.92% | 3.21% | -11.22% | -3.86% | -7.61% | 10.64% | -3.79% | -8.05% | 9.27% | 7.21% | -4.27% | -26.06% |
| 2021 | -3.20% | 4.89% | -2.58% | 6.94% | -1.63% | 4.51% | 3.18% | 1.77% | -4.96% | 6.53% | -5.43% | 4.14% | 13.88% |
Benchmark Metrics
Baron Asset Fund has an annualized alpha of 2.44%, beta of 0.89, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since June 12, 1987.
- This fund captured 107.20% of S&P 500 Index gains and 101.59% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.44% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.89 and R2 of 0.70, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.44%
- Beta
- 0.89
- R²
- 0.70
- Upside Capture
- 107.20%
- Downside Capture
- 101.59%
Expense Ratio
BARAX has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BARAX ranks 6 for risk / return — in the bottom 6% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Baron Asset Fund (BARAX) and compare them to S&P 500 Index.
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.
| BARAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.34 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.35 | 2.52 | -2.16 |
| Martin ratioReturn relative to average drawdown | 0.72 | 11.31 | -10.59 |
Dividends
Dividend History
Baron Asset Fund provided a 11.47% dividend yield over the last twelve months, with an annual payout of $10.17 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $10.17 | $10.17 | $17.55 | $3.41 | $0.01 | $8.98 | $3.39 | $1.53 | $4.73 | $4.94 | $2.82 | $6.57 |
Dividend yield | 11.47% | 11.51% | 19.23% | 3.48% | 0.01% | 7.65% | 3.05% | 1.78% | 7.42% | 7.25% | 4.88% | 11.50% |
Monthly Dividends
The table displays the monthly dividend distributions for Baron Asset Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $10.17 | $10.17 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $17.55 | $17.55 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.41 | $3.41 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $8.98 | $0.00 | $8.98 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Baron Asset Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Baron Asset Fund was 59.71%, occurring on Mar 9, 2009. Recovery took 975 trading sessions.
The current Baron Asset Fund drawdown is 1.87%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -59.71%Mar 2009 | 1y 4mo | 3y 10mo | 5y 2moNov 2007 - Jan 2013 |
2003 bear market2003 | -48.34%Mar 2003 | 2y 11mo | 2y 4mo | 5y 3moMar 2000 - Jul 2005 |
1990 bear market1990 | -42.28%Oct 1990 | 1y 1mo | 2y 1mo | 3y 3moSep 1989 - Dec 1992 |
1998 bear market1998 | -38.20%Oct 1998 | 6mo 5d | 5mo 29d | 12mo 4dApr 1998 - Apr 1999 |
Bear market2022 | -37.53%Jun 2022 | 7mo 1d | 3y 5mo | 4y 19dNov 2021 - Dec 2025 |
Drawdown Indicators
| BARAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.71% | -56.78% | -2.93% |
Max Drawdown (1Y)Largest decline over 1 year | -10.75% | -9.10% | -1.65% |
Max Drawdown (3Y)Largest decline over 3 years | -17.82% | -18.90% | +1.08% |
Max Drawdown (5Y)Largest decline over 5 years | -37.53% | -25.43% | -12.10% |
Max Drawdown (10Y)Largest decline over 10 years | -37.53% | -33.92% | -3.61% |
Current DrawdownCurrent decline from peak | -1.87% | -2.83% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -11.41% | -10.72% | -0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.21% | 2.02% | +3.19% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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