BGRFX vs. BREIX
BGRFX (Baron Growth Fund) and BREIX (Baron Real Estate Fund) are both mutual funds - BGRFX is a Mid Cap Growth Equities fund managed by Baron Capital, while BREIX is a REIT fund managed by Baron Capital. Over the past 10 years, BGRFX returned 7.18%/yr vs 11.02%/yr for BREIX. Their correlation of 0.84 means they have usually moved in the same direction. BGRFX charges 1.29%/yr vs 1.05%/yr for BREIX.
Performance
BGRFX vs. BREIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BGRFX achieves a -6.97% return, which is significantly lower than BREIX's 3.30% return. Over the past 10 years, BGRFX has underperformed BREIX with an annualized return of 7.18%, while BREIX has yielded a comparatively higher 11.02% annualized return.
BGRFX
- 1D
- 0.77%
- 1M
- 2.29%
- 6M
- 1.04%
- YTD
- -6.97%
- 1Y
- -15.70%
- 3Y*
- -4.81%
- 5Y*
- -4.63%
- 10Y*
- 7.18%
- ALL TIME*
- 9.62%
BREIX
- 1D
- 1.33%
- 1M
- -2.46%
- 6M
- 3.22%
- YTD
- 3.30%
- 1Y
- 5.74%
- 3Y*
- 10.03%
- 5Y*
- 3.63%
- 10Y*
- 11.02%
- ALL TIME*
- 12.89%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BGRFX Baron Growth Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
BGRFX vs. BREIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGRFX Baron Growth Fund | -6.97% | -14.51% | 4.62% | 14.68% | -22.55% | 19.82% | 32.77% | 40.18% | -2.93% | 27.14% |
BREIX Baron Real Estate Fund | 3.30% | 5.18% | 12.46% | 25.04% | -28.45% | 24.41% | 44.35% | 44.60% | -22.05% | 31.44% |
Correlation
The correlation between BGRFX and BREIX is 0.43, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.43 |
Correlation (3Y) Balances recent behavior with more history. | 0.65 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.80 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 2009 | 0.84 |
Over the past year, the correlation between BGRFX and BREIX has dropped to 0.43 - well below their long-term average of 0.84, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BGRFX vs. BREIX — Risk / Return Rank
BGRFX
BREIX
BGRFX vs. BREIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Growth Fund (BGRFX) and Baron Real Estate Fund (BREIX). 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.
| BGRFX | BREIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.09 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 0.58 | -1.14 |
| Martin ratioReturn relative to average drawdown | -0.94 | 1.61 | -2.55 |
Loading charts...
Drawdowns
BGRFX vs. BREIX - Drawdown Comparison
The maximum BGRFX drawdown since its inception was -56.10%, which is greater than BREIX's maximum drawdown of -38.47%. Use the drawdown chart below to compare losses from any high point for BGRFX and BREIX.
Loading charts...
Drawdown Indicators
| BGRFX | BREIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.10% | -38.47% | -17.63% |
Max Drawdown (1Y)Largest decline over 1 year | -23.86% | -12.56% | -11.30% |
Max Drawdown (3Y)Largest decline over 3 years | -33.03% | -23.91% | -9.12% |
Max Drawdown (5Y)Largest decline over 5 years | -35.02% | -33.93% | -1.09% |
Max Drawdown (10Y)Largest decline over 10 years | -41.14% | -38.47% | -2.67% |
Current DrawdownCurrent decline from peak | -27.28% | -3.36% | -23.92% |
Average DrawdownAverage peak-to-trough decline | -8.95% | -7.51% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.77% | 4.52% | +10.25% |
Volatility
BGRFX vs. BREIX - Volatility Comparison
Baron Growth Fund (BGRFX) has a higher volatility of 10.19% compared to Baron Real Estate Fund (BREIX) at 5.07%. This indicates that BGRFX's price experiences larger fluctuations and is considered to be riskier than BREIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BGRFX | BREIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.19% | 5.07% | +5.12% |
Volatility (6M)Calculated over the trailing 6-month period | 19.44% | 12.75% | +6.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.87% | 16.99% | +5.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.92% | 20.82% | +0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 21.20% | +0.27% |
BGRFX vs. BREIX - Expense Ratio Comparison
BGRFX has a 1.29% expense ratio, which is higher than BREIX's 1.05% expense ratio.
Dividends
BGRFX vs. BREIX - Dividend Comparison
BGRFX's dividend yield for the trailing twelve months is around 22.48%, more than BREIX's 3.67% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRFX Baron Growth Fund | 22.48% | 20.91% | 12.05% | 1.79% | 6.02% | 7.73% | 4.64% | 3.68% | 8.38% | 11.68% | 12.84% | 9.53% |
BREIX Baron Real Estate Fund | 3.67% | 3.79% | 0.40% | 0.43% | 2.85% | 7.95% | 6.18% | 13.78% | 12.19% | 4.71% | 1.17% | 1.96% |
Frequently Asked Questions
BGRFX and BREIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGRFX has higher volatility (10.19%) compared to BREIX (5.07%). In terms of maximum drawdown, BGRFX dropped -56.10% vs BREIX's -38.47%.
BREIX currently has the higher Sharpe Ratio (0.43 vs -0.61), 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.
Find the right allocation for BGRFX and BREIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer