BARIX vs. SPY
Compare and contrast key facts about Baron Asset Fund Institutional Class (BARIX) and State Street SPDR S&P 500 ETF (SPY).
BARIX is managed by Baron Capital Group. It was launched on May 29, 2009. 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.
Performance
BARIX vs. SPY - Performance Comparison
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BARIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BARIX Baron Asset Fund Institutional Class | -9.30% | 8.17% | 10.64% | 17.36% | -25.87% | 14.17% | 33.32% | 37.98% | 0.13% | 26.55% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, BARIX achieves a -9.30% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, BARIX has underperformed SPY with an annualized return of 10.43%, while SPY has yielded a comparatively higher 13.98% annualized return.
BARIX
- 1D
- 0.01%
- 1M
- -7.56%
- YTD
- -9.30%
- 6M
- -2.18%
- 1Y
- 1.03%
- 3Y*
- 6.54%
- 5Y*
- 1.73%
- 10Y*
- 10.43%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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BARIX vs. SPY - Expense Ratio Comparison
BARIX has a 1.03% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
BARIX vs. SPY — Risk / Return Rank
BARIX
SPY
BARIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Asset Fund Institutional Class (BARIX) and State Street 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.
| BARIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 0.93 | -0.79 |
Sortino ratioReturn per unit of downside risk | 0.36 | 1.45 | -1.09 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.22 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.09 | 1.53 | -1.43 |
Martin ratioReturn relative to average drawdown | 0.23 | 7.30 | -7.07 |
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
| BARIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 0.93 | -0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.69 | -0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.78 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.56 | +0.08 |
Correlation
The correlation between BARIX and SPY is 0.87, 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
BARIX vs. SPY - Dividend Comparison
BARIX's dividend yield for the trailing twelve months is around 11.67%, more than SPY's 1.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BARIX Baron Asset Fund Institutional Class | 11.67% | 10.59% | 17.88% | 3.28% | 0.01% | 7.26% | 2.92% | 1.70% | 7.14% | 7.01% | 4.74% | 11.23% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
BARIX vs. SPY - Drawdown Comparison
The maximum BARIX drawdown since its inception was -37.44%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BARIX and SPY.
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Drawdown Indicators
| BARIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.44% | -55.19% | +17.75% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -12.05% | +0.93% |
Max Drawdown (5Y)Largest decline over 5 years | -37.44% | -24.50% | -12.94% |
Max Drawdown (10Y)Largest decline over 10 years | -37.44% | -33.72% | -3.72% |
Current DrawdownCurrent decline from peak | -10.67% | -6.24% | -4.43% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -9.09% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 2.52% | +1.85% |
Volatility
BARIX vs. SPY - Volatility Comparison
The current volatility for Baron Asset Fund Institutional Class (BARIX) is 3.35%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that BARIX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BARIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 5.31% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 11.71% | 9.47% | +2.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.99% | 19.05% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.65% | 17.06% | +2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.83% | 17.92% | +1.91% |