BARAX vs. SPY
Compare and contrast key facts about Baron Asset Fund (BARAX) and SPDR S&P 500 ETF (SPY).
BARAX is managed by Baron Capital Group, Inc.. It was launched on Jun 12, 1987. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BARAX or SPY.
Key characteristics
| BARAX | SPY | |
|---|---|---|
| YTD Return | 14.94% | 27.04% |
| 1Y Return | 25.48% | 39.75% |
| 3Y Return (Ann) | -4.33% | 10.21% |
| 5Y Return (Ann) | 6.25% | 15.93% |
| 10Y Return (Ann) | 5.28% | 13.36% |
| Sharpe Ratio | 1.75 | 3.15 |
| Sortino Ratio | 2.39 | 4.19 |
| Omega Ratio | 1.31 | 1.59 |
| Calmar Ratio | 0.79 | 4.60 |
| Martin Ratio | 8.69 | 20.85 |
| Ulcer Index | 2.79% | 1.85% |
| Daily Std Dev | 13.88% | 12.29% |
| Max Drawdown | -61.00% | -55.19% |
| Current Drawdown | -13.00% | 0.00% |
Correlation
The correlation between BARAX and SPY is 0.80, 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.
Performance
BARAX vs. SPY - Performance Comparison
In the year-to-date period, BARAX achieves a 14.94% return, which is significantly lower than SPY's 27.04% return. Over the past 10 years, BARAX has underperformed SPY with an annualized return of 5.28%, while SPY has yielded a comparatively higher 13.36% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BARAX vs. SPY - Expense Ratio Comparison
BARAX has a 1.29% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BARAX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Asset Fund (BARAX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
BARAX vs. SPY - Dividend Comparison
BARAX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.17%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BARAX Baron Asset Fund | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.17% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BARAX vs. SPY - Drawdown Comparison
The maximum BARAX drawdown since its inception was -61.00%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BARAX and SPY. For additional features, visit the drawdowns tool.
Volatility
BARAX vs. SPY - Volatility Comparison
Baron Asset Fund (BARAX) and SPDR S&P 500 ETF (SPY) have volatilities of 3.96% and 3.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.