BARIX vs. EEOFX

Last updated Jun 24, 2026

BARIX (Baron Asset Fund Institutional Class) and EEOFX (Essex Environmental Opportunities Fund) are both Mid Cap Growth Equities funds. Over the past 5 years, BARIX returned 2.73%/yr vs 2.48%/yr for EEOFX. A 0.71 correlation means they provide meaningful diversification when combined. BARIX charges 1.03%/yr vs 2.11%/yr for EEOFX.

Performance

BARIX vs. EEOFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Asset Fund Institutional Class (BARIX) and Essex Environmental Opportunities Fund (EEOFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BARIX achieves a 4.14% return, which is significantly lower than EEOFX's 26.50% return.

BARIX

• 1D: -6.28%
• 1M: 10.34%
• YTD: 4.14%
• 6M: 3.09%
• 1Y: 8.85%
• 3Y*: 11.44%
• 5Y*: 2.73%
• 10Y*: 12.04%

EEOFX

• 1D: 0.94%
• 1M: 0.99%
• YTD: 26.50%
• 6M: 23.74%
• 1Y: 50.87%
• 3Y*: 14.08%
• 5Y*: 2.48%
• 10Y*: —

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

BARIX vs. EEOFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BARIX Baron Asset Fund Institutional Class	4.14%	8.17%	10.64%	17.36%	-25.87%	14.17%	33.32%	37.98%	0.13%	5.02%
EEOFX Essex Environmental Opportunities Fund	26.50%	23.55%	1.32%	-1.53%	-27.88%	10.83%	62.80%	25.43%	-15.79%	3.20%

Correlation

The correlation between BARIX and EEOFX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.60
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (All Time) Calculated using the full available price history since Sep 1, 2017	0.71

Over the past year, the correlation between BARIX and EEOFX has dropped to 0.40 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.

Return for Risk

BARIX vs. EEOFX — Risk / Return Rank

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

BARIX

BARIX Risk / Return Rank: 8
BARIX Sharpe Ratio Rank: 7
BARIX Sortino Ratio Rank: 8
BARIX Omega Ratio Rank: 8
BARIX Calmar Ratio Rank: 10
BARIX Martin Ratio Rank: 7

EEOFX

EEOFX Risk / Return Rank: 66
EEOFX Sharpe Ratio Rank: 70
EEOFX Sortino Ratio Rank: 59
EEOFX Omega Ratio Rank: 51
EEOFX Calmar Ratio Rank: 86
EEOFX Martin Ratio Rank: 66

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. EEOFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Asset Fund Institutional Class (BARIX) and Essex Environmental Opportunities Fund (EEOFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BARIX	EEOFX	Difference
Sharpe ratio: Return per unit of total volatility	0.50	2.23	-1.74
Sortino ratio: Return per unit of downside risk	0.99	2.94	-1.96
Omega ratio: Gain probability vs. loss probability	1.13	1.36	-0.23
Calmar ratio: Return relative to maximum drawdown	0.92	3.93	-3.00
Martin ratio: Return relative to average drawdown	1.89	12.15	-10.25

BARIX vs. EEOFX - Sharpe Ratio Comparison

The current BARIX Sharpe Ratio is 0.50, which is lower than the EEOFX Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of BARIX and EEOFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BARIX vs. EEOFX - Drawdown Comparison

The maximum BARIX drawdown since its inception was -37.44%, smaller than the maximum EEOFX drawdown of -50.17%. Use the drawdown chart below to compare losses from any high point for BARIX and EEOFX.

Drawdown Indicators

	BARIX	EEOFX	Difference
Max Drawdown Largest peak-to-trough decline	-37.44%	-50.17%	+12.73%
Max Drawdown (1Y) Largest decline over 1 year	-10.68%	-13.49%	+2.81%
Max Drawdown (3Y) Largest decline over 3 years	-17.78%	-31.32%	+13.54%
Max Drawdown (5Y) Largest decline over 5 years	-37.44%	-50.17%	+12.73%
Max Drawdown (10Y) Largest decline over 10 years	-37.44%	—	—
Current Drawdown Current decline from peak	-9.91%	-3.90%	-6.01%
Average Drawdown Average peak-to-trough decline	-6.73%	-19.57%	+12.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.20%	4.34%	+0.86%

Volatility

BARIX vs. EEOFX - Volatility Comparison

Baron Asset Fund Institutional Class (BARIX) has a higher volatility of 13.52% compared to Essex Environmental Opportunities Fund (EEOFX) at 10.55%. This indicates that BARIX's price experiences larger fluctuations and is considered to be riskier than EEOFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BARIX	EEOFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.52%	10.55%	+2.97%
Volatility (6M) Calculated over the trailing 6-month period	15.74%	18.56%	-2.82%
Volatility (1Y) Calculated over the trailing 1-year period	19.84%	23.77%	-3.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.42%	25.23%	-4.81%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.27%	24.88%	-4.61%

BARIX vs. EEOFX - Expense Ratio Comparison

BARIX has a 1.03% expense ratio, which is lower than EEOFX's 2.11% expense ratio.

Dividends

BARIX vs. EEOFX - Dividend Comparison

BARIX's dividend yield for the trailing twelve months is around 10.16%, more than EEOFX's 0.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BARIX Baron Asset Fund Institutional Class	10.16%	10.59%	17.88%	3.28%	0.01%	7.26%	2.92%	1.70%	7.14%	7.01%	4.74%	11.23%
EEOFX Essex Environmental Opportunities Fund	0.05%	0.06%	0.00%	0.00%	0.01%	6.63%	1.62%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BARIX and EEOFX in my portfolio?

BARIX and EEOFX have a correlation of 0.40, 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 EEOFX?

BARIX has higher volatility (13.52%) compared to EEOFX (10.55%). In terms of maximum drawdown, BARIX dropped -37.44% vs EEOFX's -50.17%.

Which has better risk-adjusted returns?

EEOFX currently has the higher Sharpe Ratio (2.23 vs 0.50), 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.