BGRFX vs. SCHG

Last updated Apr 2, 2026

Compare and contrast key facts about Baron Growth Fund (BGRFX) and Schwab U.S. Large-Cap Growth ETF (SCHG).

BGRFX is managed by Baron Capital Group, Inc.. It was launched on Dec 30, 1994. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Index. It was launched on Dec 11, 2009.

Performance

BGRFX vs. SCHG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Growth Fund (BGRFX) and Schwab U.S. Large-Cap Growth ETF (SCHG). The values are adjusted to include any dividend payments, if applicable.

BGRFX vs. SCHG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGRFX Baron Growth Fund	-12.11%	-14.51%	4.62%	14.68%	-22.55%	19.82%	32.77%	40.18%	-2.93%	27.14%
SCHG Schwab U.S. Large-Cap Growth ETF	-9.73%	17.50%	34.95%	50.10%	-31.80%	28.11%	39.14%	36.02%	-1.36%	28.05%

Returns By Period

In the year-to-date period, BGRFX achieves a -12.11% return, which is significantly lower than SCHG's -9.73% return. Over the past 10 years, BGRFX has underperformed SCHG with an annualized return of 7.30%, while SCHG has yielded a comparatively higher 16.95% annualized return.

BGRFX

• 1D: 1.77%
• 1M: -7.27%
• YTD: -12.11%
• 6M: -13.84%
• 1Y: -21.46%
• 3Y*: -5.79%
• 5Y*: -4.08%
• 10Y*: 7.30%

SCHG

• 1D: 0.96%
• 1M: -4.46%
• YTD: -9.73%
• 6M: -8.15%
• 1Y: 17.00%
• 3Y*: 22.30%
• 5Y*: 12.76%
• 10Y*: 16.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGRFX vs. SCHG - Expense Ratio Comparison

BGRFX has a 1.29% expense ratio, which is higher than SCHG's 0.04% expense ratio.

BGRFX

Baron Growth Fund

SCHG

Schwab U.S. Large-Cap Growth ETF

Return for Risk

BGRFX vs. SCHG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGRFX

BGRFX Risk / Return Rank: 0
BGRFX Sharpe Ratio Rank: 0
BGRFX Sortino Ratio Rank: 0
BGRFX Omega Ratio Rank: 0
BGRFX Calmar Ratio Rank: 0
BGRFX Martin Ratio Rank: 1

SCHG

SCHG Risk / Return Rank: 41
SCHG Sharpe Ratio Rank: 39
SCHG Sortino Ratio Rank: 43
SCHG Omega Ratio Rank: 42
SCHG Calmar Ratio Rank: 40
SCHG Martin Ratio Rank: 39

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGRFX vs. SCHG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Growth Fund (BGRFX) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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.

	BGRFX	SCHG	Difference
Sharpe ratio Return per unit of total volatility	-1.02	0.76	-1.78
Sortino ratio Return per unit of downside risk	-1.39	1.24	-2.64
Omega ratio Gain probability vs. loss probability	0.83	1.17	-0.35
Calmar ratio Return relative to maximum drawdown	-0.82	1.09	-1.91
Martin ratio Return relative to average drawdown	-1.76	3.71	-5.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGRFX vs. SCHG - Sharpe Ratio Comparison

The current BGRFX Sharpe Ratio is -1.02, which is lower than the SCHG Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of BGRFX and SCHG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BGRFX	SCHG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.02	0.76	-1.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	0.57	-0.78
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.35	0.79	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.79	-0.32

Correlation

The correlation between BGRFX and SCHG is 0.81, 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

BGRFX vs. SCHG - Dividend Comparison

BGRFX's dividend yield for the trailing twelve months is around 23.79%, more than SCHG's 0.43% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGRFX Baron Growth Fund	23.79%	20.91%	12.05%	1.79%	6.02%	7.73%	4.64%	3.68%	8.38%	11.68%	12.84%	9.53%
SCHG Schwab U.S. Large-Cap Growth ETF	0.43%	0.36%	0.39%	0.46%	0.55%	0.42%	0.52%	0.82%	1.27%	1.01%	1.04%	1.22%

Drawdowns

BGRFX vs. SCHG - Drawdown Comparison

The maximum BGRFX drawdown since its inception was -56.10%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for BGRFX and SCHG.

Drawdown Indicators

	BGRFX	SCHG	Difference
Max Drawdown Largest peak-to-trough decline	-56.10%	-34.59%	-21.51%
Max Drawdown (1Y) Largest decline over 1 year	-25.59%	-16.41%	-9.18%
Max Drawdown (5Y) Largest decline over 5 years	-34.70%	-34.59%	-0.11%
Max Drawdown (10Y) Largest decline over 10 years	-41.14%	-34.59%	-6.55%
Current Drawdown Current decline from peak	-31.30%	-12.51%	-18.79%
Average Drawdown Average peak-to-trough decline	-8.72%	-5.22%	-3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.94%	4.84%	+7.10%

Volatility

BGRFX vs. SCHG - Volatility Comparison

The current volatility for Baron Growth Fund (BGRFX) is 5.53%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 6.77%. This indicates that BGRFX experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGRFX	SCHG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.53%	6.77%	-1.24%
Volatility (6M) Calculated over the trailing 6-month period	13.28%	12.54%	+0.74%
Volatility (1Y) Calculated over the trailing 1-year period	21.24%	22.45%	-1.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.89%	22.31%	-2.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	21.51%	-0.54%