BDAIX vs. BRK-B
BDAIX (Baron Durable Advantage Fund) is Large Cap Growth Equities fund managed by Baron Capital Group, Inc., while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 5 years, BDAIX returned 13.99%/yr vs 12.33%/yr for BRK-B. At a 0.47 correlation, their price movements are largely independent.
Performance
BDAIX vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, BDAIX achieves a 3.69% return, which is significantly higher than BRK-B's -1.96% return.
BDAIX
- 1D
- -1.23%
- 1M
- -1.09%
- YTD
- 3.69%
- 6M
- 2.64%
- 1Y
- 17.25%
- 3Y*
- 21.02%
- 5Y*
- 13.99%
- 10Y*
- —
BRK-B
- 1D
- 0.84%
- 1M
- 1.32%
- YTD
- -1.96%
- 6M
- -1.54%
- 1Y
- 1.03%
- 3Y*
- 13.70%
- 5Y*
- 12.33%
- 10Y*
- 13.43%
BDAIX vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BDAIX Baron Durable Advantage Fund | 3.69% | 16.56% | 27.14% | 45.51% | -24.81% | 32.17% | 20.32% | 27.34% |
BRK-B Berkshire Hathaway Inc. | -1.96% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.33% |
Correlation
The correlation between BDAIX and BRK-B is 0.02, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019 | 0.47 |
Over the past year, the correlation between BDAIX and BRK-B has dropped to 0.02 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
BDAIX vs. BRK-B — Risk / Return Rank
BDAIX
BRK-B
BDAIX vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Durable Advantage Fund (BDAIX) and Berkshire Hathaway Inc. (BRK-B). 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 | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.37 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.02 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | 0.11 | +1.12 |
| Martin ratioReturn relative to average drawdown | 4.60 | 0.23 | +4.38 |
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Drawdowns
BDAIX vs. BRK-B - Drawdown Comparison
The maximum BDAIX drawdown since its inception was -33.57%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for BDAIX and BRK-B.
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Drawdown Indicators
| BDAIX | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.57% | -53.86% | +20.29% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -9.42% | -5.40% |
Max Drawdown (3Y)Largest decline over 3 years | -21.79% | -14.95% | -6.84% |
Max Drawdown (5Y)Largest decline over 5 years | -30.25% | -26.58% | -3.67% |
Max Drawdown (10Y)Largest decline over 10 years | — | -29.57% | — |
Current DrawdownCurrent decline from peak | -3.19% | -8.71% | +5.52% |
Average DrawdownAverage peak-to-trough decline | -5.79% | -11.07% | +5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.96% | 4.57% | -0.61% |
Volatility
BDAIX vs. BRK-B - Volatility Comparison
Baron Durable Advantage Fund (BDAIX) has a higher volatility of 6.14% compared to Berkshire Hathaway Inc. (BRK-B) at 3.75%. This indicates that BDAIX's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDAIX | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.14% | 3.75% | +2.39% |
Volatility (6M)Calculated over the trailing 6-month period | 13.15% | 10.63% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.77% | 14.39% | +2.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 17.10% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.99% | 19.39% | +2.60% |
Dividends
BDAIX vs. BRK-B - Dividend Comparison
Neither BDAIX nor BRK-B 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% |
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BDAIX and BRK-B have a correlation of 0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BDAIX has higher volatility (6.14%) compared to BRK-B (3.75%). In terms of maximum drawdown, BDAIX dropped -33.57% vs BRK-B's -53.86%.
BDAIX currently has the higher Sharpe Ratio (1.09 vs 0.07), 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.
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