BFGIX vs. BFGFX
BFGIX (Baron Focused Growth Fund Institutional Shares) and BFGFX (Baron Focused Growth Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, BFGIX returned 21.84%/yr vs 21.53%/yr for BFGFX. With a 1.00 correlation, they move nearly in lockstep. BFGIX charges 1.05%/yr vs 1.32%/yr for BFGFX.
Performance
BFGIX vs. BFGFX - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with BFGIX having a 4.38% return and BFGFX slightly lower at 4.24%. Both investments have delivered pretty close results over the past 10 years, with BFGIX having a 21.84% annualized return and BFGFX not far behind at 21.53%.
BFGIX
- 1D
- -6.25%
- 1M
- 5.60%
- YTD
- 4.38%
- 6M
- 2.37%
- 1Y
- 24.01%
- 3Y*
- 21.09%
- 5Y*
- 12.23%
- 10Y*
- 21.84%
BFGFX
- 1D
- -6.26%
- 1M
- 5.58%
- YTD
- 4.24%
- 6M
- 2.21%
- 1Y
- 23.68%
- 3Y*
- 20.77%
- 5Y*
- 11.94%
- 10Y*
- 21.53%
BFGIX vs. BFGFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BFGIX Baron Focused Growth Fund Institutional Shares | 4.38% | 22.26% | 29.85% | 27.78% | -28.05% | 19.00% | 122.92% | 30.34% | 4.08% | 26.58% |
BFGFX Baron Focused Growth Fund | 4.24% | 21.94% | 29.52% | 27.40% | -28.21% | 18.67% | 122.38% | 30.05% | 3.76% | 26.36% |
Correlation
The correlation between BFGIX and BFGFX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since May 29, 2009 | 1.00 |
The correlation between BFGIX and BFGFX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
BFGIX vs. BFGFX — Risk / Return Rank
BFGIX
BFGFX
BFGIX vs. BFGFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Focused Growth Fund Institutional Shares (BFGIX) and Baron Focused Growth Fund (BFGFX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BFGIX | BFGFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.26 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.58 | +0.04 |
| Martin ratioReturn relative to average drawdown | 7.12 | 6.95 | +0.16 |
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Drawdowns
BFGIX vs. BFGFX - Drawdown Comparison
The maximum BFGIX drawdown since its inception was -43.62%, smaller than the maximum BFGFX drawdown of -59.52%. Use the drawdown chart below to compare losses from any high point for BFGIX and BFGFX.
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Drawdown Indicators
| BFGIX | BFGFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.62% | -59.52% | +15.90% |
Max Drawdown (1Y)Largest decline over 1 year | -9.92% | -9.94% | +0.02% |
Max Drawdown (3Y)Largest decline over 3 years | -20.97% | -21.00% | +0.03% |
Max Drawdown (5Y)Largest decline over 5 years | -35.71% | -35.93% | +0.22% |
Max Drawdown (10Y)Largest decline over 10 years | -43.62% | -43.62% | 0.00% |
Current DrawdownCurrent decline from peak | -9.92% | -9.94% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -7.85% | -12.33% | +4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 3.68% | -0.03% |
Volatility
BFGIX vs. BFGFX - Volatility Comparison
Baron Focused Growth Fund Institutional Shares (BFGIX) and Baron Focused Growth Fund (BFGFX) have volatilities of 12.08% and 12.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BFGIX | BFGFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.08% | 12.08% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 15.73% | 15.73% | 0.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.03% | 22.02% | +0.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.85% | 22.84% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.24% | 24.23% | +0.01% |
BFGIX vs. BFGFX - Expense Ratio Comparison
BFGIX has a 1.05% expense ratio, which is lower than BFGFX's 1.32% expense ratio.
Dividends
BFGIX vs. BFGFX - Dividend Comparison
Neither BFGIX nor BFGFX has paid dividends to shareholders.
| Position | 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% |
BFGIX Baron Focused Growth Fund Institutional Shares | 0.00% | 0.00% | 0.00% | 0.00% | 11.79% | 15.01% | 2.78% | 1.74% | 1.05% | 2.07% | 5.92% | 6.01% |
Frequently Asked Questions
With a correlation of 1.00, BFGIX and BFGFX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BFGFX has higher volatility (12.08%) compared to BFGIX (12.08%). In terms of maximum drawdown, BFGIX dropped -43.62% vs BFGFX's -59.52%.
BFGIX currently has the higher Sharpe Ratio (1.18 vs 1.17), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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