BFTHX vs. BDAFX

Last updated Jun 23, 2026

BFTHX (Baron Fifth Avenue Growth Fund) and BDAFX (Baron Durable Advantage Fund Retail Shares) are both Large Cap Growth Equities funds. Over the past 5 years, BFTHX returned 7.27%/yr vs 14.41%/yr for BDAFX. Their correlation of 0.86 suggests significant overlap in exposure. BFTHX charges 1.00%/yr vs 0.95%/yr for BDAFX.

Performance

BFTHX vs. BDAFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Fifth Avenue Growth Fund (BFTHX) and Baron Durable Advantage Fund Retail Shares (BDAFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BFTHX achieves a 11.60% return, which is significantly higher than BDAFX's 4.84% return.

BFTHX

• 1D: 1.43%
• 1M: 6.29%
• YTD: 11.60%
• 6M: 10.41%
• 1Y: 29.48%
• 3Y*: 27.06%
• 5Y*: 7.27%
• 10Y*: 16.45%

BDAFX

• 1D: 1.83%
• 1M: 0.12%
• YTD: 4.84%
• 6M: 4.72%
• 1Y: 19.35%
• 3Y*: 20.98%
• 5Y*: 14.41%
• 10Y*: —

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

BFTHX vs. BDAFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BFTHX Baron Fifth Avenue Growth Fund	11.60%	18.01%	37.38%	57.20%	-50.62%	10.88%	50.42%	18.31%
BDAFX Baron Durable Advantage Fund Retail Shares	4.84%	16.25%	26.87%	45.11%	-24.99%	31.79%	20.11%	27.13%

Correlation

The correlation between BFTHX and BDAFX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019	0.86

The correlation between BFTHX and BDAFX has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.

Return for Risk

BFTHX vs. BDAFX — Risk / Return Rank

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

BFTHX

BFTHX Risk / Return Rank: 22
BFTHX Sharpe Ratio Rank: 23
BFTHX Sortino Ratio Rank: 22
BFTHX Omega Ratio Rank: 21
BFTHX Calmar Ratio Rank: 22
BFTHX Martin Ratio Rank: 23

BDAFX

BDAFX Risk / Return Rank: 18
BDAFX Sharpe Ratio Rank: 18
BDAFX Sortino Ratio Rank: 17
BDAFX Omega Ratio Rank: 18
BDAFX Calmar Ratio Rank: 15
BDAFX Martin Ratio Rank: 20

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.

BFTHX vs. BDAFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Fifth Avenue Growth Fund (BFTHX) and Baron Durable Advantage Fund Retail Shares (BDAFX). 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.

	BFTHX	BDAFX	Difference
Sharpe ratio: Return per unit of total volatility	1.29	1.13	+0.16
Sortino ratio: Return per unit of downside risk	1.82	1.61	+0.21
Omega ratio: Gain probability vs. loss probability	1.22	1.21	+0.02
Calmar ratio: Return relative to maximum drawdown	1.61	1.27	+0.34
Martin ratio: Return relative to average drawdown	5.08	4.74	+0.34

BFTHX vs. BDAFX - Sharpe Ratio Comparison

The current BFTHX Sharpe Ratio is 1.29, which is comparable to the BDAFX Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of BFTHX and BDAFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BFTHX vs. BDAFX - Drawdown Comparison

The maximum BFTHX drawdown since its inception was -58.84%, which is greater than BDAFX's maximum drawdown of -33.59%. Use the drawdown chart below to compare losses from any high point for BFTHX and BDAFX.

Drawdown Indicators

	BFTHX	BDAFX	Difference
Max Drawdown Largest peak-to-trough decline	-58.84%	-33.59%	-25.25%
Max Drawdown (1Y) Largest decline over 1 year	-17.62%	-14.85%	-2.77%
Max Drawdown (3Y) Largest decline over 3 years	-29.22%	-21.82%	-7.40%
Max Drawdown (5Y) Largest decline over 5 years	-58.84%	-30.44%	-28.40%
Max Drawdown (10Y) Largest decline over 10 years	-58.84%	—	—
Current Drawdown Current decline from peak	-1.31%	-1.99%	+0.68%
Average Drawdown Average peak-to-trough decline	-11.85%	-5.84%	-6.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.59%	3.97%	+1.62%

Volatility

BFTHX vs. BDAFX - Volatility Comparison

Baron Fifth Avenue Growth Fund (BFTHX) has a higher volatility of 9.05% compared to Baron Durable Advantage Fund Retail Shares (BDAFX) at 6.19%. This indicates that BFTHX's price experiences larger fluctuations and is considered to be riskier than BDAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BFTHX	BDAFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.05%	6.19%	+2.86%
Volatility (6M) Calculated over the trailing 6-month period	16.52%	13.21%	+3.31%
Volatility (1Y) Calculated over the trailing 1-year period	22.07%	16.72%	+5.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.11%	20.38%	+10.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.22%	21.98%	+5.24%

BFTHX vs. BDAFX - Expense Ratio Comparison

BFTHX has a 1.00% expense ratio, which is higher than BDAFX's 0.95% expense ratio.

Dividends

BFTHX vs. BDAFX - Dividend Comparison

BFTHX's dividend yield for the trailing twelve months is around 3.68%, while BDAFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
BDAFX Baron Durable Advantage Fund Retail Shares	0.00%	0.00%	0.01%	0.00%	0.00%	0.33%	0.12%	0.00%
BFTHX Baron Fifth Avenue Growth Fund	3.68%	4.11%	0.79%	0.00%	0.00%	3.19%	0.36%	2.95%

Frequently Asked Questions

Can I hold both BFTHX and BDAFX in my portfolio?

BFTHX and BDAFX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BFTHX or BDAFX?

BFTHX has higher volatility (9.05%) compared to BDAFX (6.19%). In terms of maximum drawdown, BFTHX dropped -58.84% vs BDAFX's -33.59%.

Which has better risk-adjusted returns?

BFTHX currently has the higher Sharpe Ratio (1.29 vs 1.13), 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.