BDFIX vs. SSCPX
Compare and contrast key facts about Baron Discovery Fund (BDFIX) and Saratoga Small Capitalization Portfolio (SSCPX).
BDFIX is managed by Baron Capital Group, Inc.. It was launched on Sep 30, 2013. SSCPX is managed by Saratoga. It was launched on Sep 1, 1994.
Performance
BDFIX vs. SSCPX - Performance Comparison
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BDFIX vs. SSCPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BDFIX Baron Discovery Fund | -13.78% | 10.96% | 16.28% | 22.58% | -35.12% | 4.84% | 66.15% | 26.85% | 0.66% | 35.84% |
SSCPX Saratoga Small Capitalization Portfolio | -2.63% | 6.41% | 10.79% | 15.16% | -17.56% | 24.53% | 25.39% | 23.71% | -16.14% | 15.58% |
Returns By Period
In the year-to-date period, BDFIX achieves a -13.78% return, which is significantly lower than SSCPX's -2.63% return. Over the past 10 years, BDFIX has outperformed SSCPX with an annualized return of 12.88%, while SSCPX has yielded a comparatively lower 9.16% annualized return.
BDFIX
- 1D
- -0.57%
- 1M
- -12.67%
- YTD
- -13.78%
- 6M
- -13.61%
- 1Y
- 1.96%
- 3Y*
- 7.04%
- 5Y*
- -2.90%
- 10Y*
- 12.88%
SSCPX
- 1D
- -1.77%
- 1M
- -8.88%
- YTD
- -2.63%
- 6M
- -3.54%
- 1Y
- 16.77%
- 3Y*
- 9.57%
- 5Y*
- 3.88%
- 10Y*
- 9.16%
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BDFIX vs. SSCPX - Expense Ratio Comparison
BDFIX has a 1.05% expense ratio, which is lower than SSCPX's 1.70% expense ratio.
Return for Risk
BDFIX vs. SSCPX — Risk / Return Rank
BDFIX
SSCPX
BDFIX vs. SSCPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Discovery Fund (BDFIX) and Saratoga Small Capitalization Portfolio (SSCPX). 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.
| BDFIX | SSCPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.06 | 0.72 | -0.66 |
Sortino ratioReturn per unit of downside risk | 0.27 | 1.14 | -0.87 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.14 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | -0.05 | 1.17 | -1.22 |
Martin ratioReturn relative to average drawdown | -0.19 | 3.79 | -3.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BDFIX | SSCPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.06 | 0.72 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.11 | 0.18 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.51 | 0.40 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.36 | +0.10 |
Correlation
The correlation between BDFIX and SSCPX is 0.84, 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.
Dividends
BDFIX vs. SSCPX - Dividend Comparison
BDFIX has not paid dividends to shareholders, while SSCPX's dividend yield for the trailing twelve months is around 9.26%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BDFIX Baron Discovery Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 3.68% | 3.05% | 0.13% | 8.78% | 0.21% | 1.97% | 0.00% |
SSCPX Saratoga Small Capitalization Portfolio | 9.26% | 9.02% | 11.37% | 0.00% | 10.18% | 24.67% | 0.02% | 0.00% | 17.42% | 0.00% | 0.00% | 58.90% |
Drawdowns
BDFIX vs. SSCPX - Drawdown Comparison
The maximum BDFIX drawdown since its inception was -46.39%, smaller than the maximum SSCPX drawdown of -53.65%. Use the drawdown chart below to compare losses from any high point for BDFIX and SSCPX.
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Drawdown Indicators
| BDFIX | SSCPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.39% | -53.65% | +7.26% |
Max Drawdown (1Y)Largest decline over 1 year | -17.94% | -11.83% | -6.11% |
Max Drawdown (5Y)Largest decline over 5 years | -45.38% | -27.78% | -17.60% |
Max Drawdown (10Y)Largest decline over 10 years | -46.39% | -43.59% | -2.80% |
Current DrawdownCurrent decline from peak | -21.60% | -11.54% | -10.06% |
Average DrawdownAverage peak-to-trough decline | -14.64% | -10.30% | -4.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.86% | 3.66% | +1.20% |
Volatility
BDFIX vs. SSCPX - Volatility Comparison
The current volatility for Baron Discovery Fund (BDFIX) is 6.26%, while Saratoga Small Capitalization Portfolio (SSCPX) has a volatility of 7.50%. This indicates that BDFIX experiences smaller price fluctuations and is considered to be less risky than SSCPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BDFIX | SSCPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 7.50% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 13.70% | 14.84% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.03% | 22.41% | +1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.33% | 22.10% | +4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.13% | 22.90% | +2.23% |