- Issuer
- Baron Capital
- Inception Date
- May 29, 2009
- Category
- Mid Cap Growth Equities
- Index Tracked
- No Index (Active)
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
BFGIX Performance Chart
Baron Focused Growth Fund Institutional Shares (BFGIX) is up 11.3% since the beginning of the year. BFGIX is currently trading at $67 per share. Investors who bought $1,000 worth of BFGIX shares 5 years ago would now be looking at an investment worth $1,965.
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Returns By Period
Baron Focused Growth Fund Institutional Shares (BFGIX) has returned 11.34% so far this year and 34.28% over the past 12 months. Looking at the last ten years, BFGIX has achieved an annualized return of 22.23%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Baron Focused Growth Fund Institutional Shares
- 1D
- -0.75%
- 1M
- 12.65%
- YTD
- 11.34%
- 6M
- 8.40%
- 1Y
- 34.28%
- 3Y*
- 23.23%
- 5Y*
- 14.46%
- 10Y*
- 22.23%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BFGIX Monthly Returns History
Based on dividend-adjusted daily data since May 29, 2009, BFGIX's average daily return is +0.07%, while the average monthly return is +1.52%. At this rate, an investment would double in approximately 3.8 years.
Historically, 65% of months were positive and 35% were negative. The best month was Aug 2020 with a return of +31.1%, while the worst month was Mar 2020 at -21.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BFGIX closed higher 53% of trading days. The best single day was Dec 5, 2025 with a return of +11.6%, while the worst single day was Mar 16, 2020 at -12.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -3.54% | 4.29% | -5.56% | 1.90% | 4.87% | 9.68% | 11.34% | ||||||
| 2025 | 3.96% | -6.51% | -5.28% | 0.72% | 9.46% | 2.29% | 2.04% | 2.39% | 0.34% | -2.73% | 3.72% | 11.34% | 22.26% |
| 2024 | -3.07% | 4.25% | 0.62% | -4.73% | 1.63% | 3.07% | 4.24% | 1.99% | 5.14% | -0.49% | 11.86% | 2.85% | 29.85% |
| 2023 | 12.92% | 0.95% | 0.44% | -1.73% | 1.22% | 7.95% | 3.17% | -3.99% | -4.38% | -5.62% | 8.55% | 7.11% | 27.78% |
| 2022 | -10.22% | -3.48% | 6.13% | -10.78% | -2.51% | -7.92% | 13.46% | -2.67% | -7.36% | 5.80% | 0.33% | -10.05% | -28.05% |
| 2021 | 5.32% | -1.64% | -3.36% | 3.21% | -4.43% | 3.84% | -0.00% | 4.38% | 0.49% | 17.03% | -5.45% | 0.00% | 19.00% |
Benchmark Metrics
Baron Focused Growth Fund Institutional Shares has an annualized alpha of 4.29%, beta of 1.03, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since May 29, 2009.
- This fund captured 112.70% of S&P 500 Index gains but only 94.25% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 4.29% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 1.03 and R2 of 0.67, 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
- 4.29%
- Beta
- 1.03
- R²
- 0.67
- Upside Capture
- 112.70%
- Downside Capture
- 94.25%
Expense Ratio
BFGIX has a high expense ratio of 1.05%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BFGIX ranks 54 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Baron Focused Growth Fund Institutional Shares (BFGIX) 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.
| BFGIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.51 | 2.78 | +0.73 |
| Martin ratioReturn relative to average drawdown | 9.46 | 12.44 | -2.98 |
Dividends
Dividend History
Baron Focused Growth Fund Institutional Shares provided a 0.00% dividend yield over the last twelve months, with an annual payout of $0.00 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $3.51 | $6.92 | $1.24 | $0.36 | $0.17 | $0.32 | $0.75 | $0.80 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 11.79% | 15.01% | 2.78% | 1.74% | 1.05% | 2.07% | 5.92% | 6.01% |
Monthly Dividends
The table displays the monthly dividend distributions for Baron Focused Growth Fund Institutional Shares. 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 | $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 | $3.51 | $0.00 | $0.00 | $0.00 | $3.51 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.41 | $0.00 | $5.50 | $0.00 | $6.92 |
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 Focused Growth Fund Institutional Shares. 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 Focused Growth Fund Institutional Shares was 43.62%, occurring on Mar 18, 2020. Recovery took 75 trading sessions.
The current Baron Focused Growth Fund Institutional Shares drawdown is 3.91%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -43.62%Mar 2020 | 27d | 3mo 20d | 4mo 17dFeb 2020 - Jul 2020 |
Bear market2022 | -35.71%Dec 2022 | 1y 1mo | 1y 10mo | 3y 6dNov 2021 - Nov 2024 |
2016 bear market2016 | -26.01%Feb 2016 | 6mo 25d | 1y 2mo | 1y 9moJul 2015 - Apr 2017 |
2011 bear market2011 | -24.28%Oct 2011 | 5mo 4d | 11mo 16d | 1y 4moMay 2011 - Sep 2012 |
2025 selloff2025 | -20.97%Apr 2025 | 2mo | 2mo 26d | 4mo 26dFeb 2025 - Jul 2025 |
Drawdown Indicators
| BFGIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.62% | -56.78% | +13.16% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -9.10% | -0.59% |
Max Drawdown (3Y)Largest decline over 3 years | -20.97% | -18.90% | -2.07% |
Max Drawdown (5Y)Largest decline over 5 years | -35.71% | -25.43% | -10.28% |
Max Drawdown (10Y)Largest decline over 10 years | -43.62% | -33.92% | -9.70% |
Current DrawdownCurrent decline from peak | -3.91% | -1.80% | -2.11% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -10.71% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 2.03% | +1.56% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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