BDAIX vs. BRIIX

Last updated Apr 1, 2026

Compare and contrast key facts about Baron Durable Advantage Fund (BDAIX) and Baron Real Estate Income Fund (BRIIX).

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

Performance

BDAIX vs. BRIIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Durable Advantage Fund (BDAIX) and Baron Real Estate Income Fund (BRIIX). The values are adjusted to include any dividend payments, if applicable.

BDAIX vs. BRIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BDAIX Baron Durable Advantage Fund	-12.29%	16.56%	27.14%	45.51%	-24.81%	32.17%	20.32%	27.34%
BRIIX Baron Real Estate Income Fund	-0.64%	3.73%	17.32%	15.52%	-27.49%	29.29%	22.32%	18.01%

Returns By Period

In the year-to-date period, BDAIX achieves a -12.29% return, which is significantly lower than BRIIX's -0.64% return.

BDAIX

• 1D: -0.17%
• 1M: -8.90%
• YTD: -12.29%
• 6M: -9.97%
• 1Y: 9.96%
• 3Y*: 17.69%
• 5Y*: 12.79%
• 10Y*: —

BRIIX

• 1D: 0.06%
• 1M: -6.64%
• YTD: -0.64%
• 6M: -1.04%
• 1Y: 4.09%
• 3Y*: 10.08%
• 5Y*: 4.01%
• 10Y*: —

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

BDAIX vs. BRIIX - Expense Ratio Comparison

BDAIX has a 1.48% expense ratio, which is higher than BRIIX's 1.08% expense ratio.

BDAIX

Baron Durable Advantage Fund

BRIIX

Baron Real Estate Income Fund

Return for Risk

BDAIX vs. BRIIX — Risk / Return Rank

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

BDAIX

BDAIX Risk / Return Rank: 19
BDAIX Sharpe Ratio Rank: 18
BDAIX Sortino Ratio Rank: 19
BDAIX Omega Ratio Rank: 20
BDAIX Calmar Ratio Rank: 18
BDAIX Martin Ratio Rank: 18

BRIIX

BRIIX Risk / Return Rank: 13
BRIIX Sharpe Ratio Rank: 13
BRIIX Sortino Ratio Rank: 12
BRIIX Omega Ratio Rank: 12
BRIIX Calmar Ratio Rank: 14
BRIIX Martin Ratio Rank: 16

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. BRIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Durable Advantage Fund (BDAIX) and Baron Real Estate Income Fund (BRIIX). 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	BRIIX	Difference
Sharpe ratio Return per unit of total volatility	0.46	0.31	+0.15
Sortino ratio Return per unit of downside risk	0.80	0.52	+0.28
Omega ratio Gain probability vs. loss probability	1.11	1.07	+0.04
Calmar ratio Return relative to maximum drawdown	0.51	0.37	+0.14
Martin ratio Return relative to average drawdown	1.89	1.62	+0.26
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. BRIIX - Sharpe Ratio Comparison

The current BDAIX Sharpe Ratio is 0.46, which is higher than the BRIIX Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of BDAIX and BRIIX, 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	BRIIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	0.31	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.64	0.22	+0.42
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.41	+0.32

Correlation

The correlation between BDAIX and BRIIX is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BDAIX vs. BRIIX - Dividend Comparison

BDAIX has not paid dividends to shareholders, while BRIIX's dividend yield for the trailing twelve months is around 1.63%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BDAIX Baron Durable Advantage Fund	0.00%	0.00%	0.23%	0.10%	0.00%	0.33%	0.12%	0.00%	0.00%
BRIIX Baron Real Estate Income Fund	1.63%	1.70%	1.39%	1.95%	2.00%	1.21%	0.77%	1.12%	3.03%

Drawdowns

BDAIX vs. BRIIX - Drawdown Comparison

The maximum BDAIX drawdown since its inception was -33.57%, smaller than the maximum BRIIX drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for BDAIX and BRIIX.

Drawdown Indicators

	BDAIX	BRIIX	Difference
Max Drawdown Largest peak-to-trough decline	-33.57%	-37.06%	+3.49%
Max Drawdown (1Y) Largest decline over 1 year	-14.82%	-12.70%	-2.12%
Max Drawdown (5Y) Largest decline over 5 years	-30.25%	-32.86%	+2.61%
Current Drawdown Current decline from peak	-14.82%	-7.55%	-7.27%
Average Drawdown Average peak-to-trough decline	-5.90%	-8.75%	+2.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.01%	2.87%	+1.14%

Volatility

BDAIX vs. BRIIX - Volatility Comparison

Baron Durable Advantage Fund (BDAIX) has a higher volatility of 5.36% compared to Baron Real Estate Income Fund (BRIIX) at 4.31%. This indicates that BDAIX's price experiences larger fluctuations and is considered to be riskier than BRIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BDAIX	BRIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.36%	4.31%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	11.93%	8.88%	+3.05%
Volatility (1Y) Calculated over the trailing 1-year period	22.30%	15.88%	+6.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.14%	18.32%	+1.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.07%	20.72%	+1.35%