BGRFX vs. BSCFX
BGRFX (Baron Growth Fund) and BSCFX (Baron Small Cap Fund) are both mutual funds - BGRFX is a Mid Cap Growth Equities fund managed by Baron Capital, while BSCFX is a Small Cap Growth Equities fund managed by Baron Capital. Over the past 10 years, BGRFX returned 7.18%/yr vs 10.38%/yr for BSCFX. Their correlation of 0.89 means they have usually moved in the same direction. Both charge a 1.29% expense ratio.
Performance
BGRFX vs. BSCFX - Performance Comparison
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Returns By Period
In the year-to-date period, BGRFX achieves a -6.97% return, which is significantly lower than BSCFX's 3.84% return. Over the past 10 years, BGRFX has underperformed BSCFX with an annualized return of 7.18%, while BSCFX has yielded a comparatively higher 10.38% 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%
BSCFX
- 1D
- 2.87%
- 1M
- -0.91%
- 6M
- 5.46%
- YTD
- 3.84%
- 1Y
- 0.62%
- 3Y*
- 7.61%
- 5Y*
- 1.11%
- 10Y*
- 10.38%
- ALL TIME*
- 9.10%
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 |
BSCFX Baron Small Cap Fund | $0.00 | $0.00 | $0.00 |
BGRFX vs. BSCFX - 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% |
BSCFX Baron Small Cap Fund | 3.84% | -0.92% | 13.11% | 26.90% | -31.19% | 15.42% | 40.38% | 34.60% | -7.39% | 27.34% |
Correlation
The correlation between BGRFX and BSCFX is 0.55, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.55 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1997 | 0.89 |
Over the past year, the correlation between BGRFX and BSCFX has dropped to 0.55 - well below their long-term average of 0.89, suggesting their price drivers have been diverging.
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Return for Risk
BGRFX vs. BSCFX — Risk / Return Rank
BGRFX
BSCFX
BGRFX vs. BSCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Growth Fund (BGRFX) and Baron Small Cap Fund (BSCFX). 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 | BSCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.03 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 0.13 | -0.70 |
| Martin ratioReturn relative to average drawdown | -0.94 | 0.33 | -1.27 |
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Drawdowns
BGRFX vs. BSCFX - Drawdown Comparison
The maximum BGRFX drawdown since its inception was -56.10%, roughly equal to the maximum BSCFX drawdown of -55.59%. Use the drawdown chart below to compare losses from any high point for BGRFX and BSCFX.
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Drawdown Indicators
| BGRFX | BSCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.10% | -55.59% | -0.51% |
Max Drawdown (1Y)Largest decline over 1 year | -23.86% | -15.00% | -8.86% |
Max Drawdown (3Y)Largest decline over 3 years | -33.03% | -26.91% | -6.12% |
Max Drawdown (5Y)Largest decline over 5 years | -35.02% | -37.94% | +2.92% |
Max Drawdown (10Y)Largest decline over 10 years | -41.14% | -39.58% | -1.56% |
Current DrawdownCurrent decline from peak | -27.28% | -5.77% | -21.51% |
Average DrawdownAverage peak-to-trough decline | -8.95% | -11.07% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.77% | 5.95% | +8.82% |
Volatility
BGRFX vs. BSCFX - Volatility Comparison
Baron Growth Fund (BGRFX) has a higher volatility of 10.19% compared to Baron Small Cap Fund (BSCFX) at 5.46%. This indicates that BGRFX's price experiences larger fluctuations and is considered to be riskier than BSCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGRFX | BSCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.19% | 5.46% | +4.73% |
Volatility (6M)Calculated over the trailing 6-month period | 19.44% | 14.05% | +5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.87% | 18.44% | +4.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.92% | 22.48% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 22.41% | -0.94% |
BGRFX vs. BSCFX - Expense Ratio Comparison
Both BGRFX and BSCFX have an expense ratio of 1.29%.
Dividends
BGRFX vs. BSCFX - Dividend Comparison
BGRFX's dividend yield for the trailing twelve months is around 22.48%, more than BSCFX's 9.57% 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% |
BSCFX Baron Small Cap Fund | 9.57% | 9.50% | 13.96% | 3.04% | 5.90% | 12.47% | 11.17% | 9.60% | 10.91% | 13.57% | 22.41% | 12.56% |
Frequently Asked Questions
BGRFX and BSCFX have a correlation of 0.55, 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 BSCFX (5.46%). In terms of maximum drawdown, BGRFX dropped -56.10% vs BSCFX's -55.59%.
BSCFX currently has the higher Sharpe Ratio (0.11 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.
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