BARIX vs. BRK-B

Last updated Jun 9, 2026

BARIX (Baron Asset Fund Institutional Class) is Mid Cap Growth Equities fund managed by Baron Capital Group, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, BARIX returned 11.26%/yr vs 13.14%/yr for BRK-B. A 0.58 correlation means they provide meaningful diversification when combined.

Performance

BARIX vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Asset Fund Institutional Class (BARIX) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BARIX achieves a 1.25% return, which is significantly higher than BRK-B's -3.11% return. Over the past 10 years, BARIX has underperformed BRK-B with an annualized return of 11.26%, while BRK-B has yielded a comparatively higher 13.14% annualized return.

BARIX

• 1D: -1.05%
• 1M: 8.19%
• YTD: 1.25%
• 6M: 0.95%
• 1Y: 4.40%
• 3Y*: 10.44%
• 5Y*: 2.99%
• 10Y*: 11.26%

BRK-B

• 1D: -0.23%
• 1M: 2.32%
• YTD: -3.11%
• 6M: -2.06%
• 1Y: -1.32%
• 3Y*: 13.25%
• 5Y*: 11.03%
• 10Y*: 13.14%

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

BARIX vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BARIX Baron Asset Fund Institutional Class	1.25%	8.17%	10.64%	17.36%	-25.87%	14.17%	33.32%	37.98%	0.13%	26.55%
BRK-B Berkshire Hathaway Inc.	-3.11%	10.89%	27.09%	15.46%	3.31%	28.95%	2.37%	10.93%	3.01%	21.62%

Correlation

The correlation between BARIX and BRK-B is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.39
Correlation (5Y) Calculated over the trailing 5-year period	0.47
Correlation (10Y) Calculated over the trailing 10-year period	0.50
Correlation (All Time) Calculated using the full available price history since May 29, 2009	0.58

Over the past year, the correlation between BARIX and BRK-B has dropped to 0.20 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.

Return for Risk

BARIX vs. BRK-B — Risk / Return Rank

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

BARIX

BARIX Risk / Return Rank: 5
BARIX Sharpe Ratio Rank: 5
BARIX Sortino Ratio Rank: 6
BARIX Omega Ratio Rank: 5
BARIX Calmar Ratio Rank: 6
BARIX Martin Ratio Rank: 5

BRK-B

BRK-B Risk / Return Rank: 35
BRK-B Sharpe Ratio Rank: 38
BRK-B Sortino Ratio Rank: 30
BRK-B Omega Ratio Rank: 30
BRK-B Calmar Ratio Rank: 38
BRK-B Martin Ratio Rank: 37

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.

BARIX vs. BRK-B - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Asset Fund Institutional Class (BARIX) and Berkshire Hathaway Inc. (BRK-B). 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.

	BARIX	BRK-B	Difference
Sharpe ratio: Return per unit of total volatility	0.30	-0.09	+0.39
Sortino ratio: Return per unit of downside risk	0.66	-0.03	+0.68
Omega ratio: Gain probability vs. loss probability	1.07	1.00	+0.08
Calmar ratio: Return relative to maximum drawdown	0.46	-0.14	+0.60
Martin ratio: Return relative to average drawdown	0.94	-0.30	+1.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BARIX vs. BRK-B - Sharpe Ratio Comparison

The current BARIX Sharpe Ratio is 0.30, which is higher than the BRK-B Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of BARIX and BRK-B, 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

	BARIX	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.30	-0.09	+0.39
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.15	0.65	-0.50
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	0.68	-0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.48	+0.19

Drawdowns

BARIX vs. BRK-B - Drawdown Comparison

The maximum BARIX drawdown since its inception was -37.44%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for BARIX and BRK-B.

Drawdown Indicators

	BARIX	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-37.44%	-53.86%	+16.42%
Max Drawdown (1Y) Largest decline over 1 year	-10.68%	-9.42%	-1.26%
Max Drawdown (3Y) Largest decline over 3 years	-17.78%	-14.95%	-2.83%
Max Drawdown (5Y) Largest decline over 5 years	-37.44%	-26.58%	-10.86%
Max Drawdown (10Y) Largest decline over 10 years	-37.44%	-29.57%	-7.87%
Current Drawdown Current decline from peak	-1.05%	-9.78%	+8.73%
Average Drawdown Average peak-to-trough decline	-6.74%	-11.07%	+4.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.16%	4.49%	+0.67%

Volatility

BARIX vs. BRK-B - Volatility Comparison

Baron Asset Fund Institutional Class (BARIX) has a higher volatility of 7.62% compared to Berkshire Hathaway Inc. (BRK-B) at 3.98%. This indicates that BARIX's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BARIX	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.62%	3.98%	+3.64%
Volatility (6M) Calculated over the trailing 6-month period	12.78%	10.87%	+1.91%
Volatility (1Y) Calculated over the trailing 1-year period	16.31%	14.38%	+1.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.79%	17.13%	+2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.95%	19.44%	+0.51%

Dividends

BARIX vs. BRK-B - Dividend Comparison

BARIX's dividend yield for the trailing twelve months is around 10.46%, while BRK-B has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BARIX Baron Asset Fund Institutional Class	10.46%	10.59%	17.88%	3.28%	0.01%	7.26%	2.92%	1.70%	7.14%	7.01%	4.74%	11.23%
BRK-B Berkshire Hathaway Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BARIX and BRK-B in my portfolio?

BARIX and BRK-B have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BARIX or BRK-B?

BARIX has higher volatility (7.62%) compared to BRK-B (3.98%). In terms of maximum drawdown, BARIX dropped -37.44% vs BRK-B's -53.86%.

Which has better risk-adjusted returns?

BARIX currently has the higher Sharpe Ratio (0.30 vs -0.09), 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.