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Baron Discovery Fund (BDFIX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US0682788528

CUSIP

068278852

Inception Date

Sep 30, 2013

Min. Investment

$1,000,000

Asset Class

Equity

Asset Class Size

Small-Cap

Asset Class Style

Growth

Expense Ratio

BDFIX has a high expense ratio of 1.05%, indicating above-average management fees.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Baron Discovery Fund

Popular comparisons:
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Performance

Performance Chart


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S&P 500

Returns By Period

Baron Discovery Fund (BDFIX) returned 1.78% year-to-date (YTD) and 20.59% over the past 12 months. Over the past 10 years, BDFIX had an annualized return of 11.27%, slightly ahead of the S&P 500 benchmark at 10.84%.


BDFIX

YTD

1.78%

1M

6.45%

6M

-4.82%

1Y

20.59%

3Y*

10.16%

5Y*

8.92%

10Y*

11.27%

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of BDFIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20258.44%-4.73%-9.18%1.47%6.90%1.78%
2024-2.18%6.68%0.21%-8.60%1.53%-0.63%5.70%4.62%2.68%-0.36%14.46%-6.89%16.28%
202314.35%0.80%-3.53%-4.33%0.53%7.69%4.07%-2.59%-6.63%-9.88%13.54%9.89%22.58%
2022-18.20%1.32%0.99%-12.25%-6.18%-6.06%9.34%-0.16%-8.40%7.28%-0.37%-6.24%-35.12%
20213.68%5.16%-1.42%5.43%-4.19%5.00%-1.36%0.69%-4.37%3.74%-6.83%0.17%4.84%
20200.37%-1.98%-18.64%15.52%15.63%4.15%10.12%8.10%-0.17%-0.38%14.63%9.96%66.15%
201911.70%8.38%-1.11%3.23%-8.85%7.43%-0.19%-5.43%0.82%3.76%5.38%0.74%26.85%
20184.48%-5.60%0.11%1.49%11.23%3.48%3.13%13.32%-2.59%-12.61%-0.58%-11.77%0.66%
20173.04%4.03%4.22%2.65%3.75%4.79%0.65%0.47%4.23%0.62%2.96%-0.22%35.84%
2016-11.01%-0.50%8.16%3.59%3.55%2.75%8.12%1.90%4.73%-5.48%6.03%-0.22%21.80%
2015-2.26%7.93%1.21%-2.61%-2.53%3.57%-2.58%-6.63%-11.83%1.61%1.14%-1.22%-14.53%
20142.23%7.04%-0.31%-8.01%0.94%9.47%-6.80%3.98%-6.62%5.04%3.25%4.57%13.80%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of BDFIX is 56, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of BDFIX is 5656
Overall Rank
The Sharpe Ratio Rank of BDFIX is 6161
Sharpe Ratio Rank
The Sortino Ratio Rank of BDFIX is 5959
Sortino Ratio Rank
The Omega Ratio Rank of BDFIX is 5555
Omega Ratio Rank
The Calmar Ratio Rank of BDFIX is 4848
Calmar Ratio Rank
The Martin Ratio Rank of BDFIX is 5656
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Baron Discovery Fund (BDFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Baron Discovery Fund Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 0.76
  • 5-Year: 0.33
  • 10-Year: 0.45
  • All Time: 0.51

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Baron Discovery Fund compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Baron Discovery Fund provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.


0.00%2.00%4.00%6.00%8.00%$0.00$0.50$1.00$1.50201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM202420232022202120202019201820172016
Dividend$0.00$0.00$0.00$0.00$1.30$1.06$0.03$1.50$0.04$0.27

Dividend yield

0.00%0.00%0.00%0.00%3.68%3.05%0.13%8.78%0.21%1.97%

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.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.00$0.00$0.00$0.00$0.00
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$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$0.00
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$1.30$0.00$1.30
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$1.06
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$0.03
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$1.50
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$0.04
2016$0.27$0.00$0.00$0.00$0.00$0.00$0.00$0.27

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 Discovery 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 Discovery Fund was 46.39%, occurring on Jun 16, 2022. The portfolio has not yet recovered.

The current Baron Discovery Fund drawdown is 16.60%.


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
-37.07%Apr 17, 2015208Feb 11, 2016255Feb 15, 2017463
-30.75%Sep 5, 201877Dec 24, 2018283Feb 10, 2020360
-17.62%Mar 19, 2014145Oct 13, 201479Feb 5, 2015224
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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