BDAIX vs. ^GSPC

Last updated Apr 2, 2026

Compare and contrast key facts about Baron Durable Advantage Fund (BDAIX) and S&P 500 Index (^GSPC).

BDAIX is managed by Baron Capital Group, Inc.. It was launched on Dec 29, 2017.

Performance

BDAIX vs. ^GSPC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Durable Advantage Fund (BDAIX) and S&P 500 Index (^GSPC). The values are adjusted to include any dividend payments, if applicable.

BDAIX vs. ^GSPC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BDAIX Baron Durable Advantage Fund	-9.02%	16.56%	27.14%	45.51%	-24.81%	32.17%	20.32%	27.34%
^GSPC S&P 500 Index	-3.95%	16.39%	23.31%	24.23%	-19.44%	26.89%	16.26%	16.23%

Returns By Period

In the year-to-date period, BDAIX achieves a -9.02% return, which is significantly lower than ^GSPC's -3.95% return.

BDAIX

• 1D: 3.73%
• 1M: -5.66%
• YTD: -9.02%
• 6M: -6.67%
• 1Y: 13.20%
• 3Y*: 19.13%
• 5Y*: 13.21%
• 10Y*: —

^GSPC

• 1D: 0.72%
• 1M: -4.45%
• YTD: -3.95%
• 6M: -2.02%
• 1Y: 16.73%
• 3Y*: 16.96%
• 5Y*: 10.34%
• 10Y*: 12.24%

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

Return for Risk

BDAIX vs. ^GSPC — Risk / Return Rank

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

BDAIX

BDAIX Risk / Return Rank: 27
BDAIX Sharpe Ratio Rank: 22
BDAIX Sortino Ratio Rank: 25
BDAIX Omega Ratio Rank: 25
BDAIX Calmar Ratio Rank: 32
BDAIX Martin Ratio Rank: 30

^GSPC

^GSPC Risk / Return Rank: 67
^GSPC Sharpe Ratio Rank: 63
^GSPC Sortino Ratio Rank: 64
^GSPC Omega Ratio Rank: 69
^GSPC Calmar Ratio Rank: 60
^GSPC Martin Ratio Rank: 77

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.

BDAIX vs. ^GSPC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Durable Advantage Fund (BDAIX) and S&P 500 Index (^GSPC). 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.

	BDAIX	^GSPC	Difference
Sharpe ratio Return per unit of total volatility	0.63	0.92	-0.29
Sortino ratio Return per unit of downside risk	1.04	1.41	-0.37
Omega ratio Gain probability vs. loss probability	1.15	1.21	-0.07
Calmar ratio Return relative to maximum drawdown	0.96	1.41	-0.45
Martin ratio Return relative to average drawdown	3.50	6.61	-3.12
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BDAIX vs. ^GSPC - Sharpe Ratio Comparison

The current BDAIX Sharpe Ratio is 0.63, which is lower than the ^GSPC Sharpe Ratio of 0.92. The chart below compares the historical Sharpe Ratios of BDAIX and ^GSPC, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BDAIX	^GSPC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.63	0.92	-0.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.61	+0.04
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.76	0.46	+0.30

Correlation

The correlation between BDAIX and ^GSPC is 0.93, 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.

Drawdowns

BDAIX vs. ^GSPC - Drawdown Comparison

The maximum BDAIX drawdown since its inception was -33.57%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for BDAIX and ^GSPC.

Drawdown Indicators

	BDAIX	^GSPC	Difference
Max Drawdown Largest peak-to-trough decline	-33.57%	-56.78%	+23.21%
Max Drawdown (1Y) Largest decline over 1 year	-14.82%	-12.14%	-2.68%
Max Drawdown (5Y) Largest decline over 5 years	-30.25%	-25.43%	-4.82%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.92%	—
Current Drawdown Current decline from peak	-11.64%	-5.78%	-5.86%
Average Drawdown Average peak-to-trough decline	-5.91%	-10.75%	+4.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	2.60%	+1.48%

Volatility

BDAIX vs. ^GSPC - Volatility Comparison

Baron Durable Advantage Fund (BDAIX) has a higher volatility of 6.74% compared to S&P 500 Index (^GSPC) at 5.37%. This indicates that BDAIX's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BDAIX	^GSPC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.74%	5.37%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	12.50%	9.55%	+2.95%
Volatility (1Y) Calculated over the trailing 1-year period	22.56%	18.33%	+4.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.21%	16.90%	+3.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.11%	18.05%	+4.06%