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.
Performance
BGAIX vs. BIOPX - Performance Comparison
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BGAIX vs. BIOPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGAIX Baron Global Advantage Fund | -4.80% | 27.53% | 26.42% | 25.56% | -51.56% | 0.90% | 79.46% | 45.45% | -3.66% | 49.82% |
BIOPX Baron Opportunity Fund | -8.95% | 19.44% | 39.87% | 49.55% | -42.96% | 11.90% | 88.78% | 40.34% | 8.06% | 40.58% |
Returns By Period
In the year-to-date period, BGAIX achieves a -4.80% return, which is significantly higher than BIOPX's -8.95% return. Over the past 10 years, BGAIX has underperformed BIOPX with an annualized return of 13.93%, while BIOPX has yielded a comparatively higher 19.59% annualized return.
BGAIX
- 1D
- 3.34%
- 1M
- -3.19%
- YTD
- -4.80%
- 6M
- 1.29%
- 1Y
- 33.48%
- 3Y*
- 20.77%
- 5Y*
- -1.24%
- 10Y*
- 13.93%
BIOPX
- 1D
- 3.58%
- 1M
- -4.64%
- YTD
- -8.95%
- 6M
- -5.34%
- 1Y
- 22.42%
- 3Y*
- 24.52%
- 5Y*
- 7.16%
- 10Y*
- 19.59%
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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.
Return for Risk
BGAIX vs. BIOPX — Risk / Return Rank
BGAIX
BIOPX
BGAIX vs. BIOPX - Risk-Adjusted Trends 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.
| BGAIX | BIOPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 0.93 | +0.42 |
Sortino ratioReturn per unit of downside risk | 2.14 | 1.50 | +0.64 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 2.78 | 1.64 | +1.14 |
Martin ratioReturn relative to average drawdown | 9.22 | 5.38 | +3.84 |
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
| BGAIX | BIOPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 0.93 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.27 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.79 | -0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.38 | +0.13 |
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.
Dividends
BGAIX vs. BIOPX - Dividend Comparison
BGAIX's dividend yield for the trailing twelve months is around 0.20%, less than BIOPX's 4.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGAIX Baron Global Advantage Fund | 0.20% | 0.19% | 0.00% | 0.00% | 1.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.42% |
BIOPX Baron Opportunity Fund | 4.65% | 4.24% | 4.95% | 0.00% | 0.00% | 8.71% | 6.96% | 7.33% | 5.29% | 15.58% | 13.52% | 10.92% |
Drawdowns
BGAIX vs. BIOPX - Drawdown Comparison
The maximum BGAIX drawdown since its inception was -61.14%, smaller than the maximum BIOPX drawdown of -67.91%. Use the drawdown chart below to compare losses from any high point for BGAIX and BIOPX.
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Drawdown Indicators
| BGAIX | BIOPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.14% | -67.91% | +6.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.50% | -14.16% | +2.66% |
Max Drawdown (5Y)Largest decline over 5 years | -61.14% | -51.45% | -9.69% |
Max Drawdown (10Y)Largest decline over 10 years | -61.14% | -51.45% | -9.69% |
Current DrawdownCurrent decline from peak | -22.49% | -11.09% | -11.40% |
Average DrawdownAverage peak-to-trough decline | -17.04% | -16.97% | -0.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 4.33% | -0.86% |
Volatility
BGAIX vs. BIOPX - Volatility Comparison
Baron Global Advantage Fund (BGAIX) and Baron Opportunity Fund (BIOPX) have volatilities of 6.87% and 6.73%, 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
| BGAIX | BIOPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.87% | 6.73% | +0.14% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 14.24% | +2.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.40% | 25.54% | -0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.30% | 26.84% | +3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.68% | 24.84% | +1.84% |