BDFIX vs. IJR
Compare and contrast key facts about Baron Discovery Fund (BDFIX) and iShares Core S&P Small-Cap ETF (IJR).
BDFIX is managed by Baron Capital Group, Inc.. It was launched on Sep 30, 2013. IJR is a passively managed fund by iShares that tracks the performance of the S&P SmallCap 600 Index. It was launched on May 22, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BDFIX or IJR.
Key characteristics
| BDFIX | IJR | |
|---|---|---|
| YTD Return | -2.07% | -0.74% |
| 1Y Return | 16.18% | 19.21% |
| 3Y Return (Ann) | -9.61% | 0.22% |
| 5Y Return (Ann) | 6.57% | 7.28% |
| 10Y Return (Ann) | 10.86% | 8.92% |
| Sharpe Ratio | 0.70 | 0.92 |
| Daily Std Dev | 20.91% | 19.37% |
| Max Drawdown | -46.39% | -58.15% |
| Current Drawdown | -30.99% | -7.51% |
Correlation
The correlation between BDFIX and IJR is 0.80, 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
BDFIX vs. IJR - Performance Comparison
In the year-to-date period, BDFIX achieves a -2.07% return, which is significantly lower than IJR's -0.74% return. Over the past 10 years, BDFIX has outperformed IJR with an annualized return of 10.86%, while IJR has yielded a comparatively lower 8.92% annualized 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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BDFIX vs. IJR - Expense Ratio Comparison
BDFIX has a 1.05% expense ratio, which is higher than IJR's 0.07% expense ratio.
Risk-Adjusted Performance
BDFIX vs. IJR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Discovery Fund (BDFIX) and iShares Core S&P Small-Cap ETF (IJR). 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.
Dividends
BDFIX vs. IJR - Dividend Comparison
BDFIX has not paid dividends to shareholders, while IJR's dividend yield for the trailing twelve months is around 1.32%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDFIX Baron Discovery Fund | 0.00% | 0.00% | 0.00% | 3.68% | 3.05% | 0.13% | 8.78% | 0.21% | 1.97% | 0.00% | 0.00% | 0.00% |
IJR iShares Core S&P Small-Cap ETF | 1.32% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.21% | 1.48% | 1.23% | 1.00% |
Drawdowns
BDFIX vs. IJR - Drawdown Comparison
The maximum BDFIX drawdown since its inception was -46.39%, smaller than the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for BDFIX and IJR. For additional features, visit the drawdowns tool.
Volatility
BDFIX vs. IJR - Volatility Comparison
Baron Discovery Fund (BDFIX) has a higher volatility of 5.76% compared to iShares Core S&P Small-Cap ETF (IJR) at 5.36%. This indicates that BDFIX's price experiences larger fluctuations and is considered to be riskier than IJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.