BARAX vs. BBMIX

Last updated Apr 2, 2026

Compare and contrast key facts about Baron Asset Fund (BARAX) and BBH Select Series - Mid Cap Fund (BBMIX).

BARAX is managed by Baron Capital Group, Inc.. It was launched on Jun 12, 1987. BBMIX is managed by BBH. It was launched on May 23, 2021.

Performance

BARAX vs. BBMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Asset Fund (BARAX) and BBH Select Series - Mid Cap Fund (BBMIX). The values are adjusted to include any dividend payments, if applicable.

BARAX vs. BBMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BARAX Baron Asset Fund	-7.87%	7.89%	10.35%	17.05%	-26.06%	10.87%
BBMIX BBH Select Series - Mid Cap Fund	2.86%	-6.45%	11.41%	26.01%	-24.76%	13.50%

Returns By Period

In the year-to-date period, BARAX achieves a -7.87% return, which is significantly lower than BBMIX's 2.86% 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%

BBMIX

• 1D: 0.00%
• 1M: 2.86%
• YTD: 2.86%
• 6M: -2.21%
• 1Y: 2.13%
• 3Y*: 7.96%
• 5Y*: —
• 10Y*: —

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

BARAX vs. BBMIX - Expense Ratio Comparison

BARAX has a 1.29% expense ratio, which is higher than BBMIX's 0.90% expense ratio.

BARAX

Baron Asset Fund

BBMIX

BBH Select Series - Mid Cap Fund

Return for Risk

BARAX vs. BBMIX — Risk / Return Rank

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

BARAX

BARAX Risk / Return Rank: 9
BARAX Sharpe Ratio Rank: 6
BARAX Sortino Ratio Rank: 7
BARAX Omega Ratio Rank: 7
BARAX Calmar Ratio Rank: 12
BARAX Martin Ratio Rank: 11

BBMIX

BBMIX Risk / Return Rank: 5
BBMIX Sharpe Ratio Rank: 5
BBMIX Sortino Ratio Rank: 6
BBMIX Omega Ratio Rank: 7
BBMIX Calmar Ratio Rank: 2
BBMIX Martin Ratio Rank: 2

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.

BARAX vs. BBMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Asset Fund (BARAX) and BBH Select Series - Mid Cap Fund (BBMIX). 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	BBMIX	Difference
Sharpe ratio Return per unit of total volatility	0.13	0.15	-0.02
Sortino ratio Return per unit of downside risk	0.35	0.37	-0.02
Omega ratio Gain probability vs. loss probability	1.04	1.06	-0.01
Calmar ratio Return relative to maximum drawdown	0.36	-0.23	+0.59
Martin ratio Return relative to average drawdown	0.90	-0.55	+1.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BARAX vs. BBMIX - Sharpe Ratio Comparison

The current BARAX Sharpe Ratio is 0.13, which is comparable to the BBMIX Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of BARAX and BBMIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BARAX	BBMIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.13	0.15	-0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.07	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	0.16	+0.33

Correlation

The correlation between BARAX and BBMIX is 0.84, 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. BBMIX - Dividend Comparison

BARAX's dividend yield for the trailing twelve months is around 12.49%, while BBMIX 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%
BBMIX BBH Select Series - Mid Cap Fund	0.00%	0.00%	0.32%	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BARAX vs. BBMIX - Drawdown Comparison

The maximum BARAX drawdown since its inception was -59.71%, which is greater than BBMIX's maximum drawdown of -28.90%. Use the drawdown chart below to compare losses from any high point for BARAX and BBMIX.

Drawdown Indicators

	BARAX	BBMIX	Difference
Max Drawdown Largest peak-to-trough decline	-59.71%	-28.90%	-30.81%
Max Drawdown (1Y) Largest decline over 1 year	-11.12%	-13.27%	+2.15%
Max Drawdown (5Y) Largest decline over 5 years	-37.53%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-37.53%	—	—
Current Drawdown Current decline from peak	-9.28%	-11.28%	+2.00%
Average Drawdown Average peak-to-trough decline	-11.44%	-10.49%	-0.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.44%	9.15%	-4.71%

Volatility

BARAX vs. BBMIX - Volatility Comparison

Baron Asset Fund (BARAX) has a higher volatility of 3.90% compared to BBH Select Series - Mid Cap Fund (BBMIX) at 2.82%. This indicates that BARAX's price experiences larger fluctuations and is considered to be riskier than BBMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BARAX	BBMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	2.82%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	11.83%	9.38%	+2.45%
Volatility (1Y) Calculated over the trailing 1-year period	19.02%	20.37%	-1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.56%	20.03%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.79%	20.03%	-0.24%