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Baron Discovery Fund (BDFIX)

Mutual Fund · Currency in USD · Last updated Mar 21, 2023

The investment seeks capital appreciation through investments primarily in securities of small-sized growth companies. The fund is a diversified fund that invests for the long term primarily in equity securities in the form of common stock of U.S. small-sized growth companies. The Adviser seeks to invest in businesses the advisor believes have significant opportunities for growth, sustainable competitive advantages, exceptional management, and an attractive valuation.

Share Price Chart


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Performance

The chart shows the growth of $10,000 invested in Baron Discovery Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $29,065 for a total return of roughly 190.65%. All prices are adjusted for splits and dividends.


-5.00%0.00%5.00%10.00%15.00%20.00%NovemberDecember2023FebruaryMarch
4.61%
7.43%
BDFIX (Baron Discovery Fund)
Benchmark (^GSPC)

S&P 500

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Baron Discovery Fund

Return

Baron Discovery Fund had a return of 7.26% year-to-date (YTD) and -17.78% in the last 12 months. Over the past 10 years, Baron Discovery Fund had an annualized return of 11.94%, outperforming the S&P 500 benchmark which had an annualized return of 9.46%.


PeriodReturnBenchmark
1 month-8.44%-3.13%
Year-To-Date7.26%2.92%
6 months0.66%2.02%
1 year-17.78%-11.46%
5 years (annualized)8.67%7.79%
10 years (annualized)11.94%9.46%

Monthly Returns Heatmap


JanFebMarAprMayJunJulAugSepOctNovDec
202314.35%0.80%
2022-8.40%7.28%-0.37%-6.24%

Sharpe Ratio Chart

The Sharpe ratio shows whether the portfolio's excess returns are due to smart investment decisions or a result of taking a higher risk. The higher a portfolio's Sharpe ratio, the better its risk-adjusted performance.

The current Baron Discovery Fund Sharpe ratio is -0.46. A negative Sharpe ratio means that the risk-free rate is higher than the portfolio's return. This value does not convey any meaningful information.

The chart below displays rolling 12-month Sharpe Ratio.


-1.20-1.00-0.80-0.60-0.40-0.200.00NovemberDecember2023FebruaryMarch
-0.46
-0.45
BDFIX (Baron Discovery Fund)
Benchmark (^GSPC)

Dividend History

Baron Discovery Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.


PeriodTTM2022202120202019201820172016
Dividend$0.00$0.00$1.29$1.06$0.03$1.50$0.04$0.27

Dividend yield

0.00%0.00%3.68%3.16%0.14%9.41%0.24%2.28%

Monthly Dividends

The table displays the monthly dividend distributions for Baron Discovery Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDec
2023$0.00$0.00
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.29$0.00
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.06$0.00
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.03$0.00
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.50$0.00
2017$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.04$0.00
2016$0.27$0.00$0.00$0.00$0.00$0.00$0.00

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way.


-50.00%-40.00%-30.00%-20.00%-10.00%NovemberDecember2023FebruaryMarch
-38.33%
-17.62%
BDFIX (Baron Discovery Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below shows the maximum drawdowns of the Baron Discovery Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.

The maximum drawdown since January 2010 for the Baron Discovery Fund is 46.39%, recorded on Jun 16, 2022. The portfolio has not recovered from it yet.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-46.39%Feb 16, 2021338Jun 16, 2022
-38.85%Feb 21, 202019Mar 18, 202055Jun 5, 202074
-37.08%Apr 17, 2015208Feb 11, 2016255Feb 15, 2017463
-30.74%Sep 5, 201877Dec 24, 2018283Feb 10, 2020360
-17.62%Mar 19, 2014145Oct 13, 201479Feb 5, 2015224
-12.1%Jan 29, 20189Feb 8, 201863May 10, 201872
-8.72%Jun 9, 20203Jun 11, 202015Jul 2, 202018
-7.52%Oct 14, 202013Oct 30, 20204Nov 5, 202017
-7.38%Sep 3, 202015Sep 24, 20209Oct 7, 202024
-7.14%Jul 27, 201711Aug 10, 201721Sep 11, 201732

Volatility Chart

Current Baron Discovery Fund volatility is 29.81%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.


10.00%20.00%30.00%40.00%50.00%NovemberDecember2023FebruaryMarch
29.81%
20.82%
BDFIX (Baron Discovery Fund)
Benchmark (^GSPC)