BARAX vs. AMCGX
Compare and contrast key facts about Baron Asset Fund (BARAX) and Alger Mid Cap Growth Fund (AMCGX).
BARAX is managed by Baron Capital Group, Inc.. It was launched on Jun 12, 1987. AMCGX is managed by Alger. It was launched on May 24, 1993.
Performance
BARAX vs. AMCGX - Performance Comparison
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BARAX vs. AMCGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BARAX Baron Asset Fund | -7.87% | 7.89% | 10.35% | 17.05% | -26.06% | 13.88% | 32.98% | 37.64% | -0.15% | 26.18% |
AMCGX Alger Mid Cap Growth Fund | -8.38% | 16.63% | 20.10% | 22.85% | -35.19% | -29.98% | 63.90% | 29.63% | -8.03% | 27.39% |
Returns By Period
In the year-to-date period, BARAX achieves a -7.87% return, which is significantly higher than AMCGX's -8.38% return. Over the past 10 years, BARAX has outperformed AMCGX with an annualized return of 10.32%, while AMCGX has yielded a comparatively lower 6.40% annualized return.
BARAX
- 1D
- 1.64%
- 1M
- -5.84%
- YTD
- -7.87%
- 6M
- -0.37%
- 1Y
- 2.50%
- 3Y*
- 6.84%
- 5Y*
- 1.42%
- 10Y*
- 10.32%
AMCGX
- 1D
- 4.05%
- 1M
- -7.47%
- YTD
- -8.38%
- 6M
- -10.61%
- 1Y
- 17.22%
- 3Y*
- 12.97%
- 5Y*
- -7.19%
- 10Y*
- 6.40%
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BARAX vs. AMCGX - Expense Ratio Comparison
BARAX has a 1.29% expense ratio, which is lower than AMCGX's 1.93% expense ratio.
Return for Risk
BARAX vs. AMCGX — Risk / Return Rank
BARAX
AMCGX
BARAX vs. AMCGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Asset Fund (BARAX) and Alger Mid Cap Growth Fund (AMCGX). 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.
| BARAX | AMCGX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.13 | 0.76 | -0.64 |
Sortino ratioReturn per unit of downside risk | 0.35 | 1.21 | -0.87 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.16 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.36 | 1.09 | -0.73 |
Martin ratioReturn relative to average drawdown | 0.90 | 3.73 | -2.82 |
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
| BARAX | AMCGX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.76 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | -0.24 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.24 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.21 | +0.28 |
Correlation
The correlation between BARAX and AMCGX is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BARAX vs. AMCGX - Dividend Comparison
BARAX's dividend yield for the trailing twelve months is around 12.49%, while AMCGX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BARAX Baron Asset Fund | 12.49% | 11.51% | 19.23% | 3.48% | 0.01% | 7.65% | 3.05% | 1.78% | 7.42% | 7.25% | 4.88% | 11.50% |
AMCGX Alger Mid Cap Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 13.34% | 13.72% | 10.98% | 7.59% | 0.00% | 0.00% | 0.00% |
Drawdowns
BARAX vs. AMCGX - Drawdown Comparison
The maximum BARAX drawdown since its inception was -59.71%, smaller than the maximum AMCGX drawdown of -74.93%. Use the drawdown chart below to compare losses from any high point for BARAX and AMCGX.
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Drawdown Indicators
| BARAX | AMCGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.71% | -74.93% | +15.22% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -16.20% | +5.08% |
Max Drawdown (5Y)Largest decline over 5 years | -37.53% | -64.50% | +26.97% |
Max Drawdown (10Y)Largest decline over 10 years | -37.53% | -64.50% | +26.97% |
Current DrawdownCurrent decline from peak | -9.28% | -41.70% | +32.42% |
Average DrawdownAverage peak-to-trough decline | -11.44% | -22.97% | +11.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 4.73% | -0.29% |
Volatility
BARAX vs. AMCGX - Volatility Comparison
The current volatility for Baron Asset Fund (BARAX) is 3.90%, while Alger Mid Cap Growth Fund (AMCGX) has a volatility of 7.85%. This indicates that BARAX experiences smaller price fluctuations and is considered to be less risky than AMCGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BARAX | AMCGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 7.85% | -3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 15.07% | -3.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.02% | 24.22% | -5.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.56% | 30.67% | -11.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.79% | 26.74% | -6.95% |