- ISIN
- US06828M8358
- CUSIP
- 06828M835
- Inception Date
- Apr 29, 2012
- Category
- Global Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
BGAIX Performance Chart
Baron Global Advantage Fund (BGAIX) is up 12.3% since the beginning of the year. BGAIX is currently trading at $57 per share. Investors who bought $1,000 worth of BGAIX shares 5 years ago would now be looking at an investment worth $1,088.
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Returns By Period
Baron Global Advantage Fund (BGAIX) has returned 12.33% so far this year and 35.59% over the past 12 months. Looking at the last ten years, BGAIX has achieved an annualized return of 15.57%, outperforming the S&P 500 Index benchmark, which averaged 13.75% per year.
Baron Global Advantage Fund
- 1D
- 2.34%
- 1M
- 9.08%
- YTD
- 12.33%
- 6M
- 21.91%
- 1Y
- 35.59%
- 3Y*
- 25.01%
- 5Y*
- 1.70%
- 10Y*
- 15.57%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
BGAIX Monthly Returns History
Based on dividend-adjusted daily data since Apr 30, 2012, BGAIX's average daily return is +0.06%, while the average monthly return is +1.22%. At this rate, an investment would double in approximately 4.8 years.
Historically, 59% of months were positive and 41% were negative. The best month was May 2020 with a return of +17.3%, while the worst month was Apr 2022 at -19.7%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, BGAIX closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +10.1%, while the worst single day was Mar 16, 2020 at -11.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.75% | -1.03% | -3.07% | 6.55% | 8.21% | 2.34% | 12.33% | ||||||
| 2025 | 5.02% | -2.99% | -11.07% | 5.10% | 9.97% | 6.14% | 2.15% | 1.55% | 3.83% | 5.39% | -6.87% | 8.53% | 27.53% |
| 2024 | -0.48% | 3.45% | 0.62% | -5.18% | 1.97% | 6.91% | -1.60% | 5.58% | 1.60% | 1.24% | 10.99% | -0.45% | 26.42% |
| 2023 | 11.16% | -3.77% | 2.27% | -4.52% | 8.13% | 3.07% | 6.54% | -5.34% | -6.86% | -7.22% | 17.21% | 5.56% | 25.56% |
| 2022 | -18.98% | -4.82% | 0.15% | -19.67% | -7.70% | -8.74% | 12.99% | 0.03% | -9.97% | 2.07% | -1.57% | -9.33% | -51.56% |
| 2021 | 2.76% | 4.90% | -8.93% | 7.13% | -3.78% | 8.57% | -2.53% | 3.77% | -5.99% | 6.45% | -5.08% | -4.41% | 0.90% |
Benchmark Metrics
Baron Global Advantage Fund has an annualized alpha of 0.43%, beta of 1.12, and R2 of 0.61 versus S&P 500 Index. Calculated based on daily prices since May 01, 2012.
- This fund captured 105.97% of S&P 500 Index gains and 104.41% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- With beta of 1.12 and R2 of 0.61, 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
- 0.43%
- Beta
- 1.12
- R²
- 0.61
- Upside Capture
- 105.97%
- Downside Capture
- 104.41%
Expense Ratio
BGAIX has an expense ratio of 0.90%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BGAIX ranks 51 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 Global Advantage Fund (BGAIX) and compare them to S&P 500 Index.
| BGAIX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.82 | 2.39 | -0.57 |
Sortino ratioReturn per unit of downside risk | 2.73 | 3.25 | -0.52 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.43 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 3.46 | 3.11 | +0.34 |
Martin ratioReturn relative to average drawdown | 11.09 | 14.38 | -3.29 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Baron Global Advantage Fund provided a 0.17% dividend yield over the last twelve months, with an annual payout of $0.10 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.10 | $0.10 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 |
Dividend yield | 0.17% | 0.19% | 0.00% | 0.00% | 1.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Baron Global Advantage 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 | $0.10 | $0.10 |
| 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 | $0.50 | $0.00 | $0.00 | $0.00 | $0.50 |
| 2021 | $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 |
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 Global Advantage 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 Global Advantage Fund was 61.14%, occurring on Jan 5, 2023. The portfolio has not yet recovered.
The current Baron Global Advantage Fund drawdown is 8.54%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -61.14%Jan 2023 | 1y 1mo | — | 4y 6moNov 2021 - now |
COVID crash2020 | -29.54%Mar 2020 | 24d | 2mo | 2mo 24dFeb 2020 - May 2020 |
2016 bear market2016 | -26.82%Feb 2016 | 6mo 24d | 1y 21d | 1y 7moJul 2015 - Mar 2017 |
Rate-hike selloffLate 2018 | -24.12%Dec 2018 | 5mo 1d | 2mo 19d | 7mo 20dJul 2018 - Mar 2019 |
2021 bear market2021 | -23.21%May 2021 | 2mo 26d | 6mo 3d | 8mo 29dFeb 2021 - Nov 2021 |
Drawdown Indicators
| BGAIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.14% | -56.78% | -4.36% |
Max Drawdown (1Y)Largest decline over 1 year | -10.69% | -9.10% | -1.59% |
Max Drawdown (3Y)Largest decline over 3 years | -26.52% | -18.90% | -7.62% |
Max Drawdown (5Y)Largest decline over 5 years | -61.14% | -25.43% | -35.71% |
Max Drawdown (10Y)Largest decline over 10 years | -61.14% | -33.92% | -27.22% |
Current DrawdownCurrent decline from peak | -8.54% | 0.00% | -8.54% |
Average DrawdownAverage peak-to-trough decline | -17.03% | -10.72% | -6.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 1.97% | +1.36% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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