BFGFX vs. SPY
Compare and contrast key facts about Baron Focused Growth Fund (BFGFX) and State Street SPDR S&P 500 ETF (SPY).
BFGFX is managed by Baron Capital Group, Inc.. It was launched on Jun 30, 2008. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
BFGFX vs. SPY - Performance Comparison
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BFGFX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BFGFX Baron Focused Growth Fund | -7.28% | 21.94% | 29.52% | 27.40% | -28.21% | 18.67% | 122.38% | 30.05% | 3.76% | 26.36% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, BFGFX achieves a -7.28% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, BFGFX has outperformed SPY with an annualized return of 19.86%, while SPY has yielded a comparatively lower 13.98% annualized return.
BFGFX
- 1D
- 0.02%
- 1M
- -7.79%
- YTD
- -7.28%
- 6M
- 4.10%
- 1Y
- 22.91%
- 3Y*
- 17.72%
- 5Y*
- 9.71%
- 10Y*
- 19.86%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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BFGFX vs. SPY - Expense Ratio Comparison
BFGFX has a 1.32% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
BFGFX vs. SPY — Risk / Return Rank
BFGFX
SPY
BFGFX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Focused Growth Fund (BFGFX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 0.93 | +0.14 |
Sortino ratioReturn per unit of downside risk | 1.90 | 1.45 | +0.44 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 1.53 | +0.29 |
Martin ratioReturn relative to average drawdown | 6.88 | 7.30 | -0.42 |
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
| BFGFX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 0.93 | +0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.43 | 0.69 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.83 | 0.78 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.68 | 0.56 | +0.12 |
Correlation
The correlation between BFGFX and SPY is 0.72, 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
BFGFX vs. SPY - Dividend Comparison
BFGFX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.14%.
| 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
BFGFX vs. SPY - Drawdown Comparison
The maximum BFGFX drawdown since its inception was -59.52%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BFGFX and SPY.
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Drawdown Indicators
| BFGFX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.52% | -55.19% | -4.33% |
Max Drawdown (1Y)Largest decline over 1 year | -11.95% | -12.05% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -35.93% | -24.50% | -11.43% |
Max Drawdown (10Y)Largest decline over 10 years | -43.62% | -33.72% | -9.90% |
Current DrawdownCurrent decline from peak | -9.72% | -6.24% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -12.43% | -9.09% | -3.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.52% | +0.64% |
Volatility
BFGFX vs. SPY - Volatility Comparison
The current volatility for Baron Focused Growth Fund (BFGFX) is 4.23%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that BFGFX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BFGFX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 5.31% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 15.64% | 9.47% | +6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.97% | 19.05% | +3.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.56% | 17.06% | +5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.94% | 17.92% | +6.02% |