- ISIN
- US06828M7368
- CUSIP
- 06828M736
- Inception Date
- Dec 29, 2017
- Category
- REIT
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Real Estate
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
BRIIX Performance Chart
Baron Real Estate Income Fund (BRIIX) is up 11.2% since the beginning of the year. BRIIX is currently trading at $19 per share. Investors who bought $1,000 worth of BRIIX shares 5 years ago would now be looking at an investment worth $1,265.
Loading charts...
Returns By Period
Baron Real Estate Income Fund (BRIIX) has returned 11.20% so far this year and 16.92% over the past 12 months.
Baron Real Estate Income Fund
- 1D
- 1.44%
- 1M
- 1.39%
- YTD
- 11.20%
- 6M
- 10.24%
- 1Y
- 16.92%
- 3Y*
- 13.28%
- 5Y*
- 4.81%
- 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%
BRIIX Monthly Returns History
Based on dividend-adjusted daily data since Dec 29, 2017, BRIIX's average daily return is +0.05%, while the average monthly return is +0.88%. At this rate, an investment would double in approximately 6.6 years.
Historically, 65% of months were positive and 35% were negative. The best month was Jan 2019 with a return of +12.5%, while the worst month was Sep 2022 at -12.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BRIIX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +9.9%, while the worst single day was Mar 16, 2020 at -16.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.05% | 5.32% | -4.99% | 8.12% | -0.27% | 1.99% | 11.20% | ||||||
| 2025 | 0.48% | 4.09% | -5.32% | -1.99% | 1.54% | 0.26% | 0.85% | 3.62% | 0.88% | -0.75% | 2.28% | -1.89% | 3.73% |
| 2024 | -3.37% | 4.06% | 1.37% | -7.54% | 3.96% | 2.03% | 4.66% | 6.24% | 4.55% | 0.60% | 5.84% | -5.19% | 17.32% |
| 2023 | 10.35% | -4.72% | -0.39% | 0.97% | -2.37% | 4.81% | 2.19% | -1.93% | -6.67% | -4.15% | 10.13% | 8.13% | 15.52% |
| 2022 | -6.70% | -0.47% | 4.58% | -6.00% | -6.38% | -7.32% | 7.79% | -5.28% | -12.19% | 2.14% | 5.59% | -5.33% | -27.49% |
| 2021 | -0.99% | 5.57% | 2.93% | 5.93% | 0.62% | 1.48% | 0.37% | 2.67% | -4.52% | 5.77% | -2.29% | 9.25% | 29.29% |
Benchmark Metrics
Baron Real Estate Income Fund has an annualized alpha of -0.57%, beta of 0.85, and R2 of 0.64 versus S&P 500 Index. Calculated based on daily prices since December 29, 2017.
- This fund participated in 89.65% of S&P 500 Index downside but only 79.05% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.85 and R2 of 0.64, 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
- -0.57%
- Beta
- 0.85
- R²
- 0.64
- Upside Capture
- 79.05%
- Downside Capture
- 89.65%
Expense Ratio
BRIIX has a high expense ratio of 1.08%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BRIIX ranks 27 for risk / return — below 27% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Baron Real Estate Income Fund (BRIIX) 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.
| BRIIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.80 | ||
| Sortino ratioReturn per unit of downside risk | -1.04 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 2.78 | -0.57 |
| Martin ratioReturn relative to average drawdown | 7.42 | 12.44 | -5.02 |
Dividends
Dividend History
Baron Real Estate Income Fund provided a 1.46% dividend yield over the last twelve months, with an annual payout of $0.28 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.28 | $0.29 | $0.23 | $0.28 | $0.26 | $0.22 | $0.11 | $0.13 | $0.26 |
Dividend yield | 1.46% | 1.70% | 1.39% | 1.95% | 2.00% | 1.21% | 0.77% | 1.12% | 3.03% |
Monthly Dividends
The table displays the monthly dividend distributions for Baron Real Estate Income 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 | $0.06 | $0.00 | $0.00 | $0.00 | $0.06 | ||||||
| 2025 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.29 |
| 2024 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.05 | $0.23 |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.28 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.02 | $0.26 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.13 | $0.22 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Baron Real Estate Income 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 Real Estate Income Fund was 37.06%, occurring on Mar 23, 2020. Recovery took 110 trading sessions.
The current Baron Real Estate Income Fund drawdown is 1.35%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -37.06%Mar 2020 | 1mo 1d | 5mo 7d | 6mo 8dFeb 2020 - Aug 2020 |
Bear market2022 | -32.86%Oct 2022 | 9mo 14d | 2y 25d | 2y 10moJan 2022 - Nov 2024 |
Rate-hike selloffLate 2018 | -18.00%Dec 2018 | 3mo 26d | 2mo | 5mo 26dAug 2018 - Feb 2019 |
2025 selloff2025 | -17.53%Apr 2025 | 4mo 10d | 6mo 22d | 11mo 2dNov 2024 - Oct 2025 |
2018 pullback2018 | -9.69%Mar 2018 | 29d | 4mo 5d | 5mo 4dFeb 2018 - Jul 2018 |
Drawdown Indicators
| BRIIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.06% | -56.78% | +19.72% |
Max Drawdown (1Y)Largest decline over 1 year | -7.61% | -9.10% | +1.49% |
Max Drawdown (3Y)Largest decline over 3 years | -17.53% | -18.90% | +1.37% |
Max Drawdown (5Y)Largest decline over 5 years | -32.86% | -25.43% | -7.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.35% | -1.80% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -8.55% | -10.71% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.27% | 2.03% | +0.24% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with BRIIX
Add Baron Real Estate Income Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with BRIIX