- ISIN
- US06828M6600
- CUSIP
- 06828M660
- Inception Date
- Apr 29, 2018
- Category
- Health & Biotech Equities
- Min. Investment
- $1,000,000
- Distribution Policy
- Accumulating
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
BHCHX Performance Chart
Baron Health Care Fund (BHCHX) is down 4.4% since the beginning of the year. BHCHX is currently trading at $20 per share. Investors who bought $1,000 worth of BHCHX shares 5 years ago would now be looking at an investment worth $1,001.
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Returns By Period
Baron Health Care Fund (BHCHX) has returned -4.43% so far this year and 16.40% over the past 12 months.
Baron Health Care Fund
- 1D
- 0.00%
- 1M
- 1.75%
- YTD
- -4.43%
- 6M
- -5.58%
- 1Y
- 16.40%
- 3Y*
- 3.05%
- 5Y*
- 0.01%
- 10Y*
- —
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%
BHCHX Monthly Returns History
Based on dividend-adjusted daily data since May 17, 2019, BHCHX's average daily return is +0.04%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2020 with a return of +12.6%, while the worst month was Jan 2022 at -14.4%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 4 months.
On a daily basis, BHCHX closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +8.3%, while the worst single day was Mar 16, 2020 at -11.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -1.65% | 0.24% | -5.64% | -0.66% | 3.92% | -0.49% | -4.43% | ||||||
| 2025 | 5.87% | -3.24% | -4.87% | -1.39% | -5.35% | 1.71% | -0.90% | 4.42% | 1.84% | 6.66% | 10.08% | -3.67% | 10.28% |
| 2024 | 2.10% | 4.99% | 1.62% | -5.83% | 1.64% | 1.81% | 1.93% | 4.56% | -0.72% | -4.37% | 1.67% | -7.00% | 1.55% |
| 2023 | -0.45% | -4.88% | 1.71% | 5.68% | -0.71% | 4.09% | 0.32% | -1.85% | -4.58% | -3.28% | 6.14% | 4.90% | 6.42% |
| 2022 | -14.44% | 0.92% | 4.30% | -7.11% | -1.83% | -1.30% | 4.81% | -5.08% | -5.53% | 7.86% | 3.95% | -2.72% | -16.90% |
| 2021 | 3.23% | 0.31% | -2.86% | 8.06% | -1.22% | 4.39% | 2.84% | 1.79% | -3.34% | 5.72% | -7.96% | 4.87% | 15.71% |
Benchmark Metrics
Baron Health Care Fund has an annualized alpha of -0.62%, beta of 0.79, and R2 of 0.63 versus S&P 500 Index. Calculated based on daily prices since May 17, 2019.
- This fund participated in 89.53% of S&P 500 Index downside but only 76.14% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.62%
- Beta
- 0.79
- R²
- 0.63
- Upside Capture
- 76.14%
- Downside Capture
- 89.53%
Expense Ratio
BHCHX has an expense ratio of 0.85%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BHCHX ranks 14 for risk / return — in the bottom 14% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Baron Health Care Fund (BHCHX) 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.
| BHCHX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.00 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 2.78 | -1.65 |
| Martin ratioReturn relative to average drawdown | 2.53 | 12.44 | -9.90 |
Dividends
Dividend History
Baron Health Care Fund 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 |
|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.30 | $0.19 |
Dividend yield | 0.00% | 0.00% | 0.49% | 0.00% | 0.00% | 1.41% | 0.99% |
Monthly Dividends
The table displays the monthly dividend distributions for Baron Health Care 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 | $0.00 | $0.00 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.00 | $0.09 |
| 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 | $0.08 | $0.00 | $0.22 | $0.00 | $0.30 |
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 Health Care 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 Health Care Fund was 28.53%, occurring on Jun 16, 2022. The portfolio has not yet recovered.
The current Baron Health Care Fund drawdown is 9.48%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -28.53%Jun 2022 | 7mo 13d | — | 4y 7moNov 2021 - now |
COVID crash2020 | -28.47%Mar 2020 | 1mo 1d | 1mo 28d | 2mo 29dFeb 2020 - May 2020 |
2021 correction2021 | -14.62%Mar 2021 | 20d | 3mo 18d | 4mo 8dFeb 2021 - Jun 2021 |
2019 correction2019 | -10.46%Oct 2019 | 2mo 21d | 1mo 6d | 3mo 27dJul 2019 - Nov 2019 |
2021 pullback2021 | -7.80%Oct 2021 | 27d | 1mo | 1mo 27dSep 2021 - Nov 2021 |
Drawdown Indicators
| BHCHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.53% | -56.78% | +28.25% |
Max Drawdown (1Y)Largest decline over 1 year | -14.24% | -9.10% | -5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -20.51% | -18.90% | -1.61% |
Max Drawdown (5Y)Largest decline over 5 years | -28.53% | -25.43% | -3.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -9.48% | -1.80% | -7.68% |
Average DrawdownAverage peak-to-trough decline | -11.04% | -10.71% | -0.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.38% | 2.03% | +4.35% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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