BFGFX vs. BHCHX

Last updated Apr 2, 2026

Compare and contrast key facts about Baron Focused Growth Fund (BFGFX) and Baron Health Care Fund (BHCHX).

BFGFX is managed by Baron Capital Group, Inc.. It was launched on Jun 30, 2008. BHCHX is managed by Baron Capital Group, Inc.. It was launched on Apr 29, 2018.

Performance

BFGFX vs. BHCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Focused Growth Fund (BFGFX) and Baron Health Care Fund (BHCHX). The values are adjusted to include any dividend payments, if applicable.

BFGFX vs. BHCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BFGFX Baron Focused Growth Fund	-5.05%	21.94%	29.52%	27.40%	-28.21%	18.67%	122.38%	16.75%
BHCHX Baron Health Care Fund	-6.97%	10.28%	1.55%	6.42%	-16.90%	15.71%	47.71%	18.75%

Returns By Period

In the year-to-date period, BFGFX achieves a -5.05% return, which is significantly higher than BHCHX's -6.97% return.

BFGFX

• 1D: 2.40%
• 1M: -6.03%
• YTD: -5.05%
• 6M: 6.51%
• 1Y: 25.31%
• 3Y*: 18.65%
• 5Y*: 10.00%
• 10Y*: 20.15%

BHCHX

• 1D: 3.02%
• 1M: -4.73%
• YTD: -6.97%
• 6M: 3.13%
• 1Y: 7.10%
• 3Y*: 4.81%
• 5Y*: 1.07%
• 10Y*: —

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

BFGFX vs. BHCHX - Expense Ratio Comparison

BFGFX has a 1.32% expense ratio, which is higher than BHCHX's 0.85% expense ratio.

BFGFX

Baron Focused Growth Fund

BHCHX

Baron Health Care Fund

Return for Risk

BFGFX vs. BHCHX — Risk / Return Rank

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

BFGFX

BFGFX Risk / Return Rank: 75
BFGFX Sharpe Ratio Rank: 61
BFGFX Sortino Ratio Rank: 78
BFGFX Omega Ratio Rank: 66
BFGFX Calmar Ratio Rank: 87
BFGFX Martin Ratio Rank: 83

BHCHX

BHCHX Risk / Return Rank: 9
BHCHX Sharpe Ratio Rank: 9
BHCHX Sortino Ratio Rank: 9
BHCHX Omega Ratio Rank: 8
BHCHX Calmar Ratio Rank: 11
BHCHX Martin Ratio Rank: 9

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.

BFGFX vs. BHCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Focused Growth Fund (BFGFX) and Baron Health Care Fund (BHCHX). 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.

	BFGFX	BHCHX	Difference
Sharpe ratio Return per unit of total volatility	1.13	0.30	+0.83
Sortino ratio Return per unit of downside risk	1.99	0.54	+1.45
Omega ratio Gain probability vs. loss probability	1.26	1.07	+0.19
Calmar ratio Return relative to maximum drawdown	2.29	0.39	+1.89
Martin ratio Return relative to average drawdown	8.56	1.04	+7.51
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BFGFX vs. BHCHX - Sharpe Ratio Comparison

The current BFGFX Sharpe Ratio is 1.13, which is higher than the BHCHX Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of BFGFX and BHCHX, 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

	BFGFX	BHCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.13	0.30	+0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.06	+0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.84	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.49	+0.20

Correlation

The correlation between BFGFX and BHCHX is 0.65, 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

BFGFX vs. BHCHX - Dividend Comparison

Neither BFGFX nor BHCHX has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BFGFX Baron Focused Growth Fund	0.00%	0.00%	0.00%	0.00%	12.28%	15.53%	2.85%	1.78%	1.07%	2.11%	6.02%	5.80%
BHCHX Baron Health Care Fund	0.00%	0.00%	0.49%	0.00%	0.00%	1.41%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BFGFX vs. BHCHX - Drawdown Comparison

The maximum BFGFX drawdown since its inception was -59.52%, which is greater than BHCHX's maximum drawdown of -28.53%. Use the drawdown chart below to compare losses from any high point for BFGFX and BHCHX.

Drawdown Indicators

	BFGFX	BHCHX	Difference
Max Drawdown Largest peak-to-trough decline	-59.52%	-28.53%	-30.99%
Max Drawdown (1Y) Largest decline over 1 year	-11.95%	-14.24%	+2.29%
Max Drawdown (5Y) Largest decline over 5 years	-35.93%	-28.53%	-7.40%
Max Drawdown (10Y) Largest decline over 10 years	-43.62%	—	—
Current Drawdown Current decline from peak	-7.56%	-11.89%	+4.33%
Average Drawdown Average peak-to-trough decline	-12.43%	-11.05%	-1.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.19%	5.37%	-2.18%

Volatility

BFGFX vs. BHCHX - Volatility Comparison

The current volatility for Baron Focused Growth Fund (BFGFX) is 4.99%, while Baron Health Care Fund (BHCHX) has a volatility of 6.58%. This indicates that BFGFX experiences smaller price fluctuations and is considered to be less risky than BHCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BFGFX	BHCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.99%	6.58%	-1.59%
Volatility (6M) Calculated over the trailing 6-month period	15.79%	10.85%	+4.94%
Volatility (1Y) Calculated over the trailing 1-year period	23.03%	17.94%	+5.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.57%	16.90%	+5.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.96%	19.77%	+4.19%