Correlation
The correlation between BARIX and SPY is 0.88, 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.
BARIX vs. SPY
Compare and contrast key facts about Baron Asset Fund Institutional Class (BARIX) and 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BARIX or SPY.
Performance
BARIX vs. SPY - Performance Comparison
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Key characteristics
BARIX:
0.75
SPY:
0.70
BARIX:
0.98
SPY:
1.02
BARIX:
1.13
SPY:
1.15
BARIX:
0.62
SPY:
0.68
BARIX:
2.25
SPY:
2.57
BARIX:
4.90%
SPY:
4.93%
BARIX:
18.35%
SPY:
20.42%
BARIX:
-37.44%
SPY:
-55.19%
BARIX:
-3.33%
SPY:
-3.55%
Returns By Period
In the year-to-date period, BARIX achieves a 2.76% return, which is significantly higher than SPY's 0.87% return. Over the past 10 years, BARIX has underperformed SPY with an annualized return of 10.39%, while SPY has yielded a comparatively higher 12.73% annualized return.
BARIX
2.76%
2.89%
-2.18%
13.27%
10.66%
7.66%
10.39%
SPY
0.87%
3.99%
-1.56%
13.18%
14.25%
15.81%
12.73%
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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.
Risk-Adjusted Performance
BARIX vs. SPY — Risk-Adjusted Performance Rank
BARIX
SPY
BARIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Asset Fund Institutional Class (BARIX) 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.
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Dividends
BARIX vs. SPY - Dividend Comparison
BARIX's dividend yield for the trailing twelve months is around 17.40%, more than SPY's 1.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BARIX Baron Asset Fund Institutional Class | 17.40% | 17.88% | 3.28% | 0.01% | 7.26% | 2.92% | 1.70% | 7.14% | 7.01% | 4.74% | 11.23% | 6.41% |
SPY SPDR S&P 500 ETF | 1.22% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
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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Volatility
BARIX vs. SPY - Volatility Comparison
The current volatility for Baron Asset Fund Institutional Class (BARIX) is 4.48%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.86%. 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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