BARIX vs. IEI
BARIX (Baron Asset Fund Institutional Class) and IEI (iShares 3-7 Year Treasury Bond ETF) are both funds - BARIX is a Mid Cap Growth Equities fund managed by Baron Capital Group, while IEI is a Government Bonds fund tracking the ICE U.S. Treasury 3-7 Year Bond Index. Over the past 10 years, BARIX returned 11.45%/yr vs 1.24%/yr for IEI. At a correlation of -0.17, they often move in opposite directions. BARIX charges 1.03%/yr vs 0.15%/yr for IEI.
Performance
BARIX vs. IEI - Performance Comparison
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Returns By Period
In the year-to-date period, BARIX achieves a 0.84% return, which is significantly higher than IEI's -0.30% return. Over the past 10 years, BARIX has outperformed IEI with an annualized return of 11.45%, while IEI has yielded a comparatively lower 1.24% annualized return.
BARIX
- 1D
- 0.43%
- 1M
- 9.83%
- YTD
- 0.84%
- 6M
- 0.23%
- 1Y
- 4.48%
- 3Y*
- 10.21%
- 5Y*
- 2.48%
- 10Y*
- 11.45%
IEI
- 1D
- -0.12%
- 1M
- -0.00%
- YTD
- -0.30%
- 6M
- -0.00%
- 1Y
- 2.97%
- 3Y*
- 3.77%
- 5Y*
- 0.21%
- 10Y*
- 1.24%
BARIX vs. IEI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BARIX Baron Asset Fund Institutional Class | 0.84% | 8.17% | 10.64% | 17.36% | -25.87% | 14.17% | 33.32% | 37.98% | 0.13% | 26.55% |
IEI iShares 3-7 Year Treasury Bond ETF | -0.30% | 6.96% | 1.81% | 4.42% | -9.51% | -2.54% | 6.95% | 5.71% | 1.36% | 1.22% |
Correlation
The correlation between BARIX and IEI is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.14 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since May 29, 2009 | -0.17 |
The correlation between BARIX and IEI shifts across timeframes, from -0.17 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BARIX vs. IEI — Risk / Return Rank
BARIX
IEI
BARIX vs. IEI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Asset Fund Institutional Class (BARIX) and iShares 3-7 Year Treasury Bond ETF (IEI). 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 | IEI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.17 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 1.19 | -0.75 |
| Martin ratioReturn relative to average drawdown | 0.91 | 3.35 | -2.44 |
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Drawdowns
BARIX vs. IEI - Drawdown Comparison
The maximum BARIX drawdown since its inception was -37.44%, which is greater than IEI's maximum drawdown of -14.60%. Use the drawdown chart below to compare losses from any high point for BARIX and IEI.
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Drawdown Indicators
| BARIX | IEI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.44% | -14.60% | -22.84% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -2.50% | -8.18% |
Max Drawdown (3Y)Largest decline over 3 years | -17.78% | -3.66% | -14.12% |
Max Drawdown (5Y)Largest decline over 5 years | -37.44% | -13.88% | -23.56% |
Max Drawdown (10Y)Largest decline over 10 years | -37.44% | -14.60% | -22.84% |
Current DrawdownCurrent decline from peak | -1.45% | -1.74% | +0.29% |
Average DrawdownAverage peak-to-trough decline | -6.73% | -2.67% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 0.89% | +4.27% |
Volatility
BARIX vs. IEI - Volatility Comparison
Baron Asset Fund Institutional Class (BARIX) has a higher volatility of 7.48% compared to iShares 3-7 Year Treasury Bond ETF (IEI) at 0.98%. This indicates that BARIX's price experiences larger fluctuations and is considered to be riskier than IEI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BARIX | IEI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.48% | 0.98% | +6.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.11% | 2.18% | +8.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.36% | 3.00% | +13.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.80% | 4.78% | +15.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.96% | 3.93% | +16.03% |
BARIX vs. IEI - Expense Ratio Comparison
BARIX has a 1.03% expense ratio, which is higher than IEI's 0.15% expense ratio.
Dividends
BARIX vs. IEI - Dividend Comparison
BARIX's dividend yield for the trailing twelve months is around 10.50%, more than IEI's 3.64% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BARIX Baron Asset Fund Institutional Class | 10.50% | 10.59% | 17.88% | 3.28% | 0.01% | 7.26% | 2.92% | 1.70% | 7.14% | 7.01% | 4.74% | 11.23% |
IEI iShares 3-7 Year Treasury Bond ETF | 3.64% | 3.48% | 3.18% | 2.36% | 1.37% | 0.73% | 1.12% | 2.01% | 1.95% | 1.51% | 1.33% | 1.39% |
Frequently Asked Questions
BARIX and IEI have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BARIX has higher volatility (7.48%) compared to IEI (0.98%). In terms of maximum drawdown, BARIX dropped -37.44% vs IEI's -14.60%.
IEI currently has the higher Sharpe Ratio (1.00 vs 0.29), 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.
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