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.
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.
Performance
BARIX vs. SPY - Performance Comparison
Key characteristics
BARIX:
-0.21
SPY:
1.88
BARIX:
-0.13
SPY:
2.51
BARIX:
0.98
SPY:
1.35
BARIX:
-0.15
SPY:
2.83
BARIX:
-0.77
SPY:
11.89
BARIX:
5.73%
SPY:
2.00%
BARIX:
20.53%
SPY:
12.69%
BARIX:
-41.72%
SPY:
-55.19%
BARIX:
-27.77%
SPY:
-3.89%
Returns By Period
In the year-to-date period, BARIX achieves a -0.03% return, which is significantly higher than SPY's -0.66% return. Over the past 10 years, BARIX has underperformed SPY with an annualized return of 4.54%, while SPY has yielded a comparatively higher 13.18% annualized return.
BARIX
-0.03%
-18.07%
-10.51%
-4.37%
0.82%
4.54%
SPY
-0.66%
-3.32%
3.73%
23.70%
13.73%
13.18%
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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.
Dividends
BARIX vs. SPY - Dividend Comparison
BARIX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.21%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BARIX Baron Asset Fund Institutional Class | 0.00% | 0.00% | 0.00% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.21% | 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 -41.72%, 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. For additional features, visit the drawdowns tool.
Volatility
BARIX vs. SPY - Volatility Comparison
Baron Asset Fund Institutional Class (BARIX) has a higher volatility of 17.00% compared to SPDR S&P 500 ETF (SPY) at 4.61%. This indicates that BARIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.