BAER vs. FXAIX

Last updated Jun 4, 2026

BAER (Bridger Aerospace Group Holdings Inc. Common Stock) is a stock, while FXAIX (Fidelity 500 Index Fund) is S&P 500 fund tracking the S&P 500 Index. Over the past 5 years, BAER returned -26.71%/yr vs 14.28%/yr for FXAIX. At a 0.08 correlation, their price movements are largely independent.

Performance

BAER vs. FXAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bridger Aerospace Group Holdings Inc. Common Stock (BAER) and Fidelity 500 Index Fund (FXAIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with BAER having a 11.48% return and FXAIX slightly higher at 11.71%.

BAER

• 1D: -7.27%
• 1M: 2.00%
• YTD: 11.48%
• 6M: 10.87%
• 1Y: 14.61%
• 3Y*: -30.96%
• 5Y*: -26.71%
• 10Y*: —

FXAIX

• 1D: 0.13%
• 1M: 5.80%
• YTD: 11.71%
• 6M: 11.74%
• 1Y: 28.99%
• 3Y*: 22.75%
• 5Y*: 14.28%
• 10Y*: 15.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BAER vs. FXAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BAER Bridger Aerospace Group Holdings Inc. Common Stock	11.48%	-14.08%	-69.18%	-31.79%	3.79%	0.72%
FXAIX Fidelity 500 Index Fund	11.71%	17.84%	25.01%	26.29%	-18.14%	21.24%

Correlation

The correlation between BAER and FXAIX is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.08
Correlation (All Time) Calculated using the full available price history since Mar 18, 2021	0.08

Over the past year, BAER and FXAIX have become more correlated (0.30) than their long-term average of 0.08, meaning their price movements have been converging.

Return for Risk

BAER vs. FXAIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BAER

BAER Risk / Return Rank: 49
BAER Sharpe Ratio Rank: 48
BAER Sortino Ratio Rank: 53
BAER Omega Ratio Rank: 49
BAER Calmar Ratio Rank: 48
BAER Martin Ratio Rank: 48

FXAIX

FXAIX Risk / Return Rank: 73
FXAIX Sharpe Ratio Rank: 76
FXAIX Sortino Ratio Rank: 67
FXAIX Omega Ratio Rank: 67
FXAIX Calmar Ratio Rank: 74
FXAIX Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BAER vs. FXAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridger Aerospace Group Holdings Inc. Common Stock (BAER) and Fidelity 500 Index Fund (FXAIX). 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.

	BAER	FXAIX	Difference
Sharpe ratio: Return per unit of total volatility	0.19	2.52	-2.33
Sortino ratio: Return per unit of downside risk	0.96	3.42	-2.46
Omega ratio: Gain probability vs. loss probability	1.10	1.46	-0.35
Calmar ratio: Return relative to maximum drawdown	0.30	3.36	-3.06
Martin ratio: Return relative to average drawdown	0.65	15.70	-15.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BAER vs. FXAIX - Sharpe Ratio Comparison

The current BAER Sharpe Ratio is 0.19, which is lower than the FXAIX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of BAER and FXAIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BAER	FXAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.19	2.52	-2.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.27	0.85	-1.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.87	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.26	0.82	-1.09

Drawdowns

BAER vs. FXAIX - Drawdown Comparison

The maximum BAER drawdown since its inception was -95.15%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for BAER and FXAIX.

Drawdown Indicators

	BAER	FXAIX	Difference
Max Drawdown Largest peak-to-trough decline	-95.15%	-33.79%	-61.36%
Max Drawdown (1Y) Largest decline over 1 year	-48.93%	-8.89%	-40.04%
Max Drawdown (3Y) Largest decline over 3 years	-87.77%	-18.76%	-69.01%
Max Drawdown (5Y) Largest decline over 5 years	-95.15%	-24.50%	-70.65%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.79%	—
Current Drawdown Current decline from peak	-90.76%	0.00%	-90.76%
Average Drawdown Average peak-to-trough decline	-54.06%	-3.79%	-50.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.56%	1.90%	+20.66%

Volatility

BAER vs. FXAIX - Volatility Comparison

Bridger Aerospace Group Holdings Inc. Common Stock (BAER) has a higher volatility of 33.52% compared to Fidelity 500 Index Fund (FXAIX) at 2.83%. This indicates that BAER's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BAER	FXAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	33.52%	2.83%	+30.69%
Volatility (6M) Calculated over the trailing 6-month period	57.00%	8.97%	+48.03%
Volatility (1Y) Calculated over the trailing 1-year period	75.77%	11.86%	+63.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	100.23%	16.91%	+83.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	98.15%	18.07%	+80.08%

Dividends

BAER vs. FXAIX - Dividend Comparison

BAER has not paid dividends to shareholders, while FXAIX's dividend yield for the trailing twelve months is around 1.03%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAER Bridger Aerospace Group Holdings Inc. Common Stock	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FXAIX Fidelity 500 Index Fund	1.03%	1.11%	1.25%	1.45%	1.69%	1.22%	1.60%	2.06%	2.72%	1.97%	2.52%	2.83%

Frequently Asked Questions

Can I hold both BAER and FXAIX in my portfolio?

BAER and FXAIX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BAER or FXAIX?

BAER has higher volatility (33.52%) compared to FXAIX (2.83%). In terms of maximum drawdown, BAER dropped -95.15% vs FXAIX's -33.79%.

Which has better risk-adjusted returns?

FXAIX currently has the higher Sharpe Ratio (2.52 vs 0.19), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.