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Baron Discovery Fund (BDFIX) Sharpe Ratio: 0.06

BDFIX's Sharpe Ratio of 0.06 indicates that for each unit of volatility, it generates 0.06 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

BDFIX Sharpe Ratio Rank

BDFIX Sharpe Ratio Rank: 6.16
Concerning

BDFIX ranks above 6.1% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating weak returns relative to total risk taken. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Weak risk-adjusted returns relative to category peers
  • Evaluate whether this holding aligns with your risk-return objectives
  • Consider reducing exposure or re-evaluating position size
  • Review higher-ranked alternatives in the same category

BDFIX Sharpe Ratio Market Positioning

The chart shows BDFIX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.65 or lower
  • Yellow zone (middle 50%): 0.65 to 1.36
  • Green zone (top 25%): 1.36 or higher
  • Top 1%: 3.59+
  • Median: 1.00 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Baron Discovery Fund's Sharpe Ratio with other mutual funds in the Small Cap Growth Equities category across multiple time periods, showing how BDFIX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 1, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
NEAIXNeedham Aggressive Growth Fund Institutional Class1.89
NEAGXNeedham Aggressive Growth Fund1.86
DMCRXDriehaus Micro Cap Growth Fund1.73
OBMCXOberweis Micro Cap Fund1.57
HRSMXHood River Small-Cap Growth Fund1.48
DSCIXDana Epiphany ESG Small Cap Equity Fund1.43
FGROXEmerald Growth Fund Institutional Class1.41
HSPGXEmerald Growth Fund1.40
ODIIXInvesco Discovery Fund Class R61.39
NESIXNeedham Small Cap Growth Fund Institutional1.34
BDFIXBaron Discovery Fund0.06

S&P 500 Index

How to choose period

Historical Sharpe Ratio

The chart shows BDFIX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when BDFIX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Explore BDFIX risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

BDFIX Sortino Ratio