Correlation
The correlation between BARIX and XMMO is 0.83, 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. XMMO
Compare and contrast key facts about Baron Asset Fund Institutional Class (BARIX) and Invesco S&P MidCap Momentum ETF (XMMO).
BARIX is managed by Baron Capital Group. It was launched on May 29, 2009. XMMO is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Index. It was launched on Mar 3, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BARIX or XMMO.
Performance
BARIX vs. XMMO - Performance Comparison
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Key characteristics
BARIX:
0.75
XMMO:
0.39
BARIX:
0.98
XMMO:
0.66
BARIX:
1.13
XMMO:
1.09
BARIX:
0.62
XMMO:
0.35
BARIX:
2.25
XMMO:
1.02
BARIX:
4.90%
XMMO:
8.56%
BARIX:
18.35%
XMMO:
24.56%
BARIX:
-37.44%
XMMO:
-55.37%
BARIX:
-3.33%
XMMO:
-8.46%
Returns By Period
In the year-to-date period, BARIX achieves a 2.76% return, which is significantly higher than XMMO's 0.89% return. Over the past 10 years, BARIX has underperformed XMMO with an annualized return of 10.39%, while XMMO has yielded a comparatively higher 15.15% annualized return.
BARIX
2.76%
5.59%
-2.18%
13.69%
10.66%
7.66%
10.39%
XMMO
0.89%
7.78%
-7.80%
9.54%
16.34%
16.69%
15.15%
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BARIX vs. XMMO - Expense Ratio Comparison
BARIX has a 1.03% expense ratio, which is higher than XMMO's 0.33% expense ratio.
Risk-Adjusted Performance
BARIX vs. XMMO — Risk-Adjusted Performance Rank
BARIX
XMMO
BARIX vs. XMMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Asset Fund Institutional Class (BARIX) and Invesco S&P MidCap Momentum ETF (XMMO). 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. XMMO - Dividend Comparison
BARIX's dividend yield for the trailing twelve months is around 17.40%, more than XMMO's 0.49% 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% |
XMMO Invesco S&P MidCap Momentum ETF | 0.49% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% | 1.24% |
Drawdowns
BARIX vs. XMMO - Drawdown Comparison
The maximum BARIX drawdown since its inception was -37.44%, smaller than the maximum XMMO drawdown of -55.37%. Use the drawdown chart below to compare losses from any high point for BARIX and XMMO.
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Volatility
BARIX vs. XMMO - Volatility Comparison
The current volatility for Baron Asset Fund Institutional Class (BARIX) is 4.48%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 5.25%. This indicates that BARIX experiences smaller price fluctuations and is considered to be less risky than XMMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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