BGAIX vs. BIOPX
Compare and contrast key facts about Baron Global Advantage Fund (BGAIX) and Baron Opportunity Fund (BIOPX).
BGAIX is managed by Baron Capital Group, Inc.. It was launched on Apr 29, 2012. BIOPX is managed by Baron Capital Group, Inc.. It was launched on Feb 29, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGAIX or BIOPX.
Key characteristics
| BGAIX | BIOPX | |
|---|---|---|
| YTD Return | 22.26% | 36.45% |
| 1Y Return | 33.82% | 46.50% |
| 3Y Return (Ann) | -14.96% | -1.16% |
| 5Y Return (Ann) | 6.85% | 15.59% |
| 10Y Return (Ann) | 10.48% | 9.82% |
| Sharpe Ratio | 1.68 | 2.22 |
| Sortino Ratio | 2.25 | 2.85 |
| Omega Ratio | 1.29 | 1.40 |
| Calmar Ratio | 0.63 | 1.32 |
| Martin Ratio | 7.63 | 12.18 |
| Ulcer Index | 4.56% | 3.81% |
| Daily Std Dev | 20.64% | 20.86% |
| Max Drawdown | -61.84% | -67.79% |
| Current Drawdown | -39.37% | -4.90% |
Correlation
The correlation between BGAIX and BIOPX is 0.91, 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.
Performance
BGAIX vs. BIOPX - Performance Comparison
In the year-to-date period, BGAIX achieves a 22.26% return, which is significantly lower than BIOPX's 36.45% return. Over the past 10 years, BGAIX has outperformed BIOPX with an annualized return of 10.48%, while BIOPX has yielded a comparatively lower 9.82% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BGAIX vs. BIOPX - Expense Ratio Comparison
BGAIX has a 0.90% expense ratio, which is lower than BIOPX's 1.31% expense ratio.
Risk-Adjusted Performance
BGAIX vs. BIOPX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Global Advantage Fund (BGAIX) and Baron Opportunity Fund (BIOPX). 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.
Dividends
BGAIX vs. BIOPX - Dividend Comparison
Neither BGAIX nor BIOPX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGAIX Baron Global Advantage Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.30% |
BIOPX Baron Opportunity Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BGAIX vs. BIOPX - Drawdown Comparison
The maximum BGAIX drawdown since its inception was -61.84%, smaller than the maximum BIOPX drawdown of -67.79%. Use the drawdown chart below to compare losses from any high point for BGAIX and BIOPX. For additional features, visit the drawdowns tool.
Volatility
BGAIX vs. BIOPX - Volatility Comparison
The current volatility for Baron Global Advantage Fund (BGAIX) is 4.39%, while Baron Opportunity Fund (BIOPX) has a volatility of 5.78%. This indicates that BGAIX experiences smaller price fluctuations and is considered to be less risky than BIOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.