BDAIX vs. ^GSPC
Compare and contrast key facts about Baron Durable Advantage Fund (BDAIX) and S&P 500 (^GSPC).
BDAIX is managed by Baron Capital Group, Inc.. It was launched on Dec 29, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BDAIX or ^GSPC.
Key characteristics
| BDAIX | ^GSPC | |
|---|---|---|
| YTD Return | 8.87% | 7.50% |
| 1Y Return | 38.59% | 26.26% |
| 3Y Return (Ann) | 12.34% | 7.19% |
| 5Y Return (Ann) | 17.24% | 11.73% |
| Sharpe Ratio | 2.57 | 2.17 |
| Daily Std Dev | 14.48% | 11.70% |
| Max Drawdown | -33.57% | -56.78% |
| Current Drawdown | -2.81% | -2.41% |
Correlation
The correlation between BDAIX and ^GSPC is 0.94, 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.
Performance
BDAIX vs. ^GSPC - Performance Comparison
In the year-to-date period, BDAIX achieves a 8.87% return, which is significantly higher than ^GSPC's 7.50% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
BDAIX vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Durable Advantage Fund (BDAIX) and S&P 500 (^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.
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. For additional features, visit the drawdowns tool.
Volatility
BDAIX vs. ^GSPC - Volatility Comparison
Baron Durable Advantage Fund (BDAIX) has a higher volatility of 4.92% compared to S&P 500 (^GSPC) at 4.10%. 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.