BDAIX vs. BHCHX
BDAIX (Baron Durable Advantage Fund) and BHCHX (Baron Health Care Fund) are both mutual funds - BDAIX is a Large Cap Growth Equities fund managed by Baron Capital, while BHCHX is a Health & Biotech Equities fund managed by Baron Capital. Over the past 5 years, BDAIX returned 12.53%/yr vs 0.76%/yr for BHCHX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. BDAIX charges 1.48%/yr vs 0.85%/yr for BHCHX.
Performance
BDAIX vs. BHCHX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BDAIX achieves a 2.73% return, which is significantly lower than BHCHX's 4.47% return.
BDAIX
- 1D
- 2.57%
- 1M
- -0.49%
- 6M
- 0.97%
- YTD
- 2.73%
- 1Y
- 8.11%
- 3Y*
- 18.20%
- 5Y*
- 12.53%
- 10Y*
- —
- ALL TIME*
- 17.75%
BHCHX
- 1D
- -0.36%
- 1M
- -2.42%
- 6M
- 6.22%
- YTD
- 4.47%
- 1Y
- 25.44%
- 3Y*
- 5.67%
- 5Y*
- 0.76%
- 10Y*
- —
- ALL TIME*
- 10.85%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BDAIX vs. BHCHX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BDAIX Baron Durable Advantage Fund | 2.73% | 16.56% | 27.14% | 45.51% | -24.81% | 32.17% | 20.32% | 18.98% |
BHCHX Baron Health Care Fund | 4.47% | 10.28% | 1.55% | 6.42% | -16.90% | 15.71% | 47.71% | 18.75% |
Correlation
The correlation between BDAIX and BHCHX is 0.31, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.31 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 17, 2019 | 0.68 |
Over the past year, the correlation between BDAIX and BHCHX has dropped to 0.31 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BDAIX vs. BHCHX — Risk / Return Rank
BDAIX
BHCHX
BDAIX vs. BHCHX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Durable Advantage Fund (BDAIX) and Baron Health Care Fund (BHCHX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BDAIX | BHCHX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.11 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.26 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.45 | 1.72 | -1.27 |
| Martin ratioReturn relative to average drawdown | 1.59 | 3.79 | -2.20 |
Loading charts...
Drawdowns
BDAIX vs. BHCHX - Drawdown Comparison
The maximum BDAIX drawdown since its inception was -33.57%, which is greater than BHCHX's maximum drawdown of -28.53%. Use the drawdown chart below to compare losses from any high point for BDAIX and BHCHX.
Loading charts...
Drawdown Indicators
| BDAIX | BHCHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -28.53% | -5.04% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -14.24% | -0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -21.79% | -20.51% | -1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -30.25% | -28.53% | -1.72% |
Current DrawdownCurrent decline from peak | -4.09% | -2.93% | -1.16% |
Average DrawdownAverage peak-to-trough decline | -5.77% | -10.92% | +5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 6.46% | -2.28% |
Volatility
BDAIX vs. BHCHX - Volatility Comparison
Baron Durable Advantage Fund (BDAIX) and Baron Health Care Fund (BHCHX) have volatilities of 4.82% and 4.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BDAIX | BHCHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 4.89% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 13.60% | 13.28% | +0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.32% | 16.38% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.49% | 17.20% | +3.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.94% | 19.72% | +2.22% |
BDAIX vs. BHCHX - Expense Ratio Comparison
BDAIX has a 1.48% expense ratio, which is higher than BHCHX's 0.85% expense ratio.
Dividends
BDAIX vs. BHCHX - Dividend Comparison
Neither BDAIX nor BHCHX has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
BDAIX Baron Durable Advantage Fund | 0.00% | 0.00% | 0.23% | 0.10% | 0.00% | 0.33% | 0.12% |
BHCHX Baron Health Care Fund | 0.00% | 0.00% | 0.49% | 0.00% | 0.00% | 1.41% | 0.99% |
Frequently Asked Questions
BDAIX and BHCHX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BHCHX has higher volatility (4.89%) compared to BDAIX (4.82%). In terms of maximum drawdown, BDAIX dropped -33.57% vs BHCHX's -28.53%.
BHCHX currently has the higher Sharpe Ratio (1.50 vs 0.38), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for BDAIX and BHCHX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer