BARAX vs. BGRIX
Compare and contrast key facts about Baron Asset Fund (BARAX) and Baron Growth Fund Institutional Shares (BGRIX).
BARAX is managed by Baron Capital Group, Inc.. It was launched on Jun 12, 1987. BGRIX is managed by Baron Capital Group, Inc.. It was launched on May 29, 2009.
Performance
BARAX vs. BGRIX - Performance Comparison
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BARAX vs. BGRIX - 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% |
BGRIX Baron Growth Fund Institutional Shares | -12.06% | -14.21% | 4.90% | 14.97% | -22.35% | 20.13% | 33.10% | 40.54% | -2.68% | 27.45% |
Returns By Period
In the year-to-date period, BARAX achieves a -7.87% return, which is significantly higher than BGRIX's -12.06% return. Over the past 10 years, BARAX has outperformed BGRIX with an annualized return of 10.32%, while BGRIX has yielded a comparatively lower 7.58% 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%
BGRIX
- 1D
- 1.77%
- 1M
- -7.25%
- YTD
- -12.06%
- 6M
- -13.66%
- 1Y
- -21.19%
- 3Y*
- -5.52%
- 5Y*
- -3.81%
- 10Y*
- 7.58%
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BARAX vs. BGRIX - Expense Ratio Comparison
BARAX has a 1.29% expense ratio, which is higher than BGRIX's 1.05% expense ratio.
Return for Risk
BARAX vs. BGRIX — Risk / Return Rank
BARAX
BGRIX
BARAX vs. BGRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Asset Fund (BARAX) and Baron Growth Fund Institutional Shares (BGRIX). 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 | BGRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.13 | -1.00 | +1.13 |
Sortino ratioReturn per unit of downside risk | 0.35 | -1.38 | +1.72 |
Omega ratioGain probability vs. loss probability | 1.04 | 0.83 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.36 | -0.81 | +1.18 |
Martin ratioReturn relative to average drawdown | 0.90 | -1.75 | +2.65 |
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 | BGRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | -1.00 | +1.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | -0.19 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.36 | +0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.53 | -0.05 |
Correlation
The correlation between BARAX and BGRIX is 0.93, 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. BGRIX - Dividend Comparison
BARAX's dividend yield for the trailing twelve months is around 12.49%, less than BGRIX's 22.42% yield.
| 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% |
BGRIX Baron Growth Fund Institutional Shares | 22.42% | 19.72% | 11.30% | 1.69% | 5.72% | 7.38% | 4.45% | 3.55% | 8.12% | 11.36% | 12.56% | 9.37% |
Drawdowns
BARAX vs. BGRIX - Drawdown Comparison
The maximum BARAX drawdown since its inception was -59.71%, which is greater than BGRIX's maximum drawdown of -41.12%. Use the drawdown chart below to compare losses from any high point for BARAX and BGRIX.
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Drawdown Indicators
| BARAX | BGRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.71% | -41.12% | -18.59% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -25.39% | +14.27% |
Max Drawdown (5Y)Largest decline over 5 years | -37.53% | -34.60% | -2.93% |
Max Drawdown (10Y)Largest decline over 10 years | -37.53% | -41.12% | +3.59% |
Current DrawdownCurrent decline from peak | -9.28% | -30.46% | +21.18% |
Average DrawdownAverage peak-to-trough decline | -11.44% | -7.31% | -4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 11.84% | -7.40% |
Volatility
BARAX vs. BGRIX - Volatility Comparison
The current volatility for Baron Asset Fund (BARAX) is 3.90%, while Baron Growth Fund Institutional Shares (BGRIX) has a volatility of 5.53%. This indicates that BARAX experiences smaller price fluctuations and is considered to be less risky than BGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BARAX | BGRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 5.53% | -1.63% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 13.26% | -1.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.02% | 21.22% | -2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.56% | 19.89% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.79% | 20.97% | -1.18% |