BGRFX vs. BRIIX
BGRFX (Baron Growth Fund) and BRIIX (Baron Real Estate Income Fund) are both mutual funds - BGRFX is a Mid Cap Growth Equities fund managed by Baron Capital, while BRIIX is a REIT fund managed by Baron Capital. Over the past 5 years, BGRFX returned -4.63%/yr vs 5.32%/yr for BRIIX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. BGRFX charges 1.29%/yr vs 1.08%/yr for BRIIX.
Performance
BGRFX vs. BRIIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BGRFX achieves a -6.97% return, which is significantly lower than BRIIX's 13.80% 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%
BRIIX
- 1D
- 0.05%
- 1M
- -0.67%
- 6M
- 12.94%
- YTD
- 13.80%
- 1Y
- 17.91%
- 3Y*
- 14.31%
- 5Y*
- 5.32%
- 10Y*
- —
- ALL TIME*
- 9.78%
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. BRIIX - 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% | -0.49% |
BRIIX Baron Real Estate Income Fund | 13.80% | 3.73% | 17.32% | 15.52% | -27.49% | 29.29% | 22.32% | 36.54% | -11.02% | 0.00% |
Correlation
The correlation between BGRFX and BRIIX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.58 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Dec 29, 2017 | 0.70 |
Over the past year, the correlation between BGRFX and BRIIX has dropped to 0.36 - well below their long-term average of 0.70, 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. BRIIX — Risk / Return Rank
BGRFX
BRIIX
BGRFX vs. BRIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Growth Fund (BGRFX) and Baron Real Estate Income Fund (BRIIX). 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 | BRIIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.25 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 2.54 | -3.11 |
| Martin ratioReturn relative to average drawdown | -0.94 | 8.99 | -9.93 |
Loading charts...
Drawdowns
BGRFX vs. BRIIX - Drawdown Comparison
The maximum BGRFX drawdown since its inception was -56.10%, which is greater than BRIIX's maximum drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for BGRFX and BRIIX.
Loading charts...
Drawdown Indicators
| BGRFX | BRIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.10% | -37.06% | -19.04% |
Max Drawdown (1Y)Largest decline over 1 year | -23.86% | -7.61% | -16.25% |
Max Drawdown (3Y)Largest decline over 3 years | -33.03% | -17.53% | -15.50% |
Max Drawdown (5Y)Largest decline over 5 years | -35.02% | -32.86% | -2.16% |
Max Drawdown (10Y)Largest decline over 10 years | -41.14% | — | — |
Current DrawdownCurrent decline from peak | -27.28% | -2.28% | -25.00% |
Average DrawdownAverage peak-to-trough decline | -8.95% | -8.45% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.77% | 2.15% | +12.62% |
Volatility
BGRFX vs. BRIIX - Volatility Comparison
Baron Growth Fund (BGRFX) has a higher volatility of 10.19% compared to Baron Real Estate Income Fund (BRIIX) at 4.37%. This indicates that BGRFX's price experiences larger fluctuations and is considered to be riskier than BRIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BGRFX | BRIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.19% | 4.37% | +5.82% |
Volatility (6M)Calculated over the trailing 6-month period | 19.44% | 10.65% | +8.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.87% | 13.73% | +9.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.92% | 18.41% | +2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 20.53% | +0.94% |
BGRFX vs. BRIIX - Expense Ratio Comparison
BGRFX has a 1.29% expense ratio, which is higher than BRIIX's 1.08% expense ratio.
Dividends
BGRFX vs. BRIIX - Dividend Comparison
BGRFX's dividend yield for the trailing twelve months is around 22.48%, more than BRIIX's 1.42% 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% |
BRIIX Baron Real Estate Income Fund | 1.42% | 1.70% | 1.39% | 1.95% | 2.00% | 1.21% | 0.77% | 1.12% | 3.03% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BGRFX and BRIIX have a correlation of 0.36, 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 BRIIX (4.37%). In terms of maximum drawdown, BGRFX dropped -56.10% vs BRIIX's -37.06%.
BRIIX currently has the higher Sharpe Ratio (1.41 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 BRIIX
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