BCGD vs. BDAFX

Last updated Jun 4, 2026

BCGD (Baron Global Durable Advantage ETF) and BDAFX (Baron Durable Advantage Fund Retail Shares) are both funds - BCGD is a Global Equities fund actively managed by Baron Capital, while BDAFX is a Large Cap Growth Equities fund actively managed by Baron Capital Group. Both are actively managed. Their correlation of 0.88 suggests significant overlap in exposure. BCGD charges 0.75%/yr vs 0.95%/yr for BDAFX.

Performance

BCGD vs. BDAFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Global Durable Advantage ETF (BCGD) and Baron Durable Advantage Fund Retail Shares (BDAFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCGD achieves a 2.41% return, which is significantly lower than BDAFX's 6.40% return.

BCGD

• 1D: -1.09%
• 1M: 0.82%
• YTD: 2.41%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BDAFX

• 1D: -0.34%
• 1M: 1.96%
• YTD: 6.40%
• 6M: 6.82%
• 1Y: 21.07%
• 3Y*: 22.55%
• 5Y*: 15.24%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCGD vs. BDAFX - Yearly Performance Comparison

	2026 (YTD)	2025
BCGD Baron Global Durable Advantage ETF	2.41%	0.92%
BDAFX Baron Durable Advantage Fund Retail Shares	6.40%	1.86%

Correlation

The correlation between BCGD and BDAFX is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.88

Return for Risk

BCGD vs. BDAFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BDAFX

BDAFX Risk / Return Rank: 21
BDAFX Sharpe Ratio Rank: 23
BDAFX Sortino Ratio Rank: 21
BDAFX Omega Ratio Rank: 23
BDAFX Calmar Ratio Rank: 17
BDAFX Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCGD vs. BDAFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Global Durable Advantage ETF (BCGD) and Baron Durable Advantage Fund Retail Shares (BDAFX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BCGD	BDAFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.36	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.85	-0.43

Drawdowns

BCGD vs. BDAFX - Drawdown Comparison

The maximum BCGD drawdown since its inception was -13.79%, smaller than the maximum BDAFX drawdown of -33.59%. Use the drawdown chart below to compare losses from any high point for BCGD and BDAFX.

Drawdown Indicators

	BCGD	BDAFX	Difference
Max Drawdown Largest peak-to-trough decline	-13.79%	-33.59%	+19.80%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.85%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.82%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-30.44%	—
Current Drawdown Current decline from peak	-1.84%	-0.54%	-1.30%
Average Drawdown Average peak-to-trough decline	-3.24%	-5.86%	+2.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.91%	—

Volatility

Volatility by Period

	BCGD	BDAFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.27%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.17%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.87%	15.96%	+1.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.87%	20.24%	-2.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.87%	21.95%	-4.08%

BCGD vs. BDAFX - Expense Ratio Comparison

BCGD has a 0.75% expense ratio, which is lower than BDAFX's 0.95% expense ratio.

Dividends

BCGD vs. BDAFX - Dividend Comparison

Neither BCGD nor BDAFX has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020
BCGD Baron Global Durable Advantage ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BDAFX Baron Durable Advantage Fund Retail Shares	0.00%	0.00%	0.01%	0.00%	0.00%	0.33%	0.12%

Frequently Asked Questions

Can I hold both BCGD and BDAFX in my portfolio?

BCGD and BDAFX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.