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.
Performance
BARIX vs. XMMO - Performance Comparison
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BARIX vs. XMMO - 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% |
XMMO Invesco S&P MidCap Momentum ETF | 6.86% | 13.04% | 38.03% | 20.39% | -16.02% | 16.69% | 29.17% | 36.78% | 6.12% | 37.18% |
Returns By Period
In the year-to-date period, BARIX achieves a -9.30% return, which is significantly lower than XMMO's 6.86% return. Over the past 10 years, BARIX has underperformed XMMO with an annualized return of 10.43%, while XMMO has yielded a comparatively higher 18.41% 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%
XMMO
- 1D
- 1.85%
- 1M
- -2.62%
- YTD
- 6.86%
- 6M
- 9.51%
- 1Y
- 29.37%
- 3Y*
- 25.85%
- 5Y*
- 12.62%
- 10Y*
- 18.41%
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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.
Return for Risk
BARIX vs. XMMO — Risk / Return Rank
BARIX
XMMO
BARIX vs. XMMO - Risk-Adjusted Trends 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.
| BARIX | XMMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.14 | 1.34 | -1.20 |
Sortino ratioReturn per unit of downside risk | 0.36 | 1.91 | -1.55 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.27 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.09 | 2.41 | -2.32 |
Martin ratioReturn relative to average drawdown | 0.23 | 11.42 | -11.19 |
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 | XMMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.14 | 1.34 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.60 | -0.51 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.83 | -0.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.55 | +0.09 |
Correlation
The correlation between BARIX and XMMO is 0.85, 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. XMMO - Dividend Comparison
BARIX's dividend yield for the trailing twelve months is around 11.67%, more than XMMO's 0.70% 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% |
XMMO Invesco S&P MidCap Momentum ETF | 0.70% | 0.78% | 0.34% | 0.80% | 1.43% | 0.41% | 0.61% | 0.60% | 0.19% | 0.21% | 0.22% | 0.64% |
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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Drawdown Indicators
| BARIX | XMMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.44% | -55.37% | +17.93% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -12.81% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -37.44% | -27.91% | -9.53% |
Max Drawdown (10Y)Largest decline over 10 years | -37.44% | -36.74% | -0.70% |
Current DrawdownCurrent decline from peak | -10.67% | -2.62% | -8.05% |
Average DrawdownAverage peak-to-trough decline | -6.74% | -9.52% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 2.70% | +1.67% |
Volatility
BARIX vs. XMMO - Volatility Comparison
The current volatility for Baron Asset Fund Institutional Class (BARIX) is 3.35%, while Invesco S&P MidCap Momentum ETF (XMMO) has a volatility of 9.04%. 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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Volatility by Period
| BARIX | XMMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.35% | 9.04% | -5.69% |
Volatility (6M)Calculated over the trailing 6-month period | 11.71% | 14.39% | -2.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.99% | 22.03% | -3.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.65% | 21.27% | -1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.83% | 22.11% | -2.28% |