ALMRX vs. BARIX
Compare and contrast key facts about Alger MidCap Growth Institutional Fund (ALMRX) and Baron Asset Fund Institutional Class (BARIX).
ALMRX is managed by Alger. It was launched on Nov 8, 1993. BARIX is managed by Baron Capital Group. It was launched on May 29, 2009.
Performance
ALMRX vs. BARIX - Performance Comparison
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ALMRX vs. BARIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ALMRX Alger MidCap Growth Institutional Fund | -11.69% | 17.01% | 20.02% | 22.68% | -35.28% | 6.17% | 64.25% | 29.79% | -7.77% | 28.75% |
BARIX Baron Asset Fund Institutional Class | -9.30% | 8.17% | 10.64% | 17.36% | -25.87% | 14.17% | 33.32% | 37.98% | 0.13% | 26.55% |
Returns By Period
In the year-to-date period, ALMRX achieves a -11.69% return, which is significantly lower than BARIX's -9.30% return. Both investments have delivered pretty close results over the past 10 years, with ALMRX having a 10.96% annualized return and BARIX not far behind at 10.43%.
ALMRX
- 1D
- -1.10%
- 1M
- -11.81%
- YTD
- -11.69%
- 6M
- -13.78%
- 1Y
- 14.51%
- 3Y*
- 11.66%
- 5Y*
- 0.39%
- 10Y*
- 10.96%
BARIX
- 1D
- 0.01%
- 1M
- -7.56%
- YTD
- -9.30%
- 6M
- -2.18%
- 1Y
- 1.03%
- 3Y*
- 6.54%
- 5Y*
- 1.73%
- 10Y*
- 10.43%
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ALMRX vs. BARIX - Expense Ratio Comparison
ALMRX has a 1.44% expense ratio, which is higher than BARIX's 1.03% expense ratio.
Return for Risk
ALMRX vs. BARIX — Risk / Return Rank
ALMRX
BARIX
ALMRX vs. BARIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Alger MidCap Growth Institutional Fund (ALMRX) and Baron Asset Fund Institutional Class (BARIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| ALMRX | BARIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.57 | 0.14 | +0.43 |
Sortino ratioReturn per unit of downside risk | 0.96 | 0.36 | +0.59 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.05 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 0.71 | 0.09 | +0.62 |
Martin ratioReturn relative to average drawdown | 2.45 | 0.23 | +2.22 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ALMRX | BARIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.57 | 0.14 | +0.43 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.09 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.29 | 0.53 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.17 | 0.64 | -0.47 |
Correlation
The correlation between ALMRX and BARIX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ALMRX vs. BARIX - Dividend Comparison
ALMRX has not paid dividends to shareholders, while BARIX's dividend yield for the trailing twelve months is around 11.67%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALMRX Alger MidCap Growth Institutional Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 77.91% | 12.19% | 8.56% | 7.91% | 0.00% | 0.00% | 0.00% |
BARIX Baron Asset Fund Institutional Class | 11.67% | 10.59% | 17.88% | 3.28% | 0.01% | 7.26% | 2.92% | 1.70% | 7.14% | 7.01% | 4.74% | 11.23% |
Drawdowns
ALMRX vs. BARIX - Drawdown Comparison
The maximum ALMRX drawdown since its inception was -73.80%, which is greater than BARIX's maximum drawdown of -37.44%. Use the drawdown chart below to compare losses from any high point for ALMRX and BARIX.
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Drawdown Indicators
| ALMRX | BARIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.80% | -37.44% | -36.36% |
Max Drawdown (1Y)Largest decline over 1 year | -16.06% | -11.12% | -4.94% |
Max Drawdown (5Y)Largest decline over 5 years | -64.01% | -37.44% | -26.57% |
Max Drawdown (10Y)Largest decline over 10 years | -64.01% | -37.44% | -26.57% |
Current DrawdownCurrent decline from peak | -42.96% | -10.67% | -32.29% |
Average DrawdownAverage peak-to-trough decline | -22.14% | -6.74% | -15.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.65% | 4.37% | +0.28% |
Volatility
ALMRX vs. BARIX - Volatility Comparison
Alger MidCap Growth Institutional Fund (ALMRX) has a higher volatility of 6.40% compared to Baron Asset Fund Institutional Class (BARIX) at 3.35%. This indicates that ALMRX's price experiences larger fluctuations and is considered to be riskier than BARIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALMRX | BARIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 3.35% | +3.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.46% | 11.71% | +2.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.21% | 18.99% | +5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 48.57% | 19.65% | +28.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.71% | 19.83% | +17.88% |