BGRFX vs. SPY
Compare and contrast key facts about Baron Growth Fund (BGRFX) and SPDR S&P 500 ETF (SPY).
BGRFX is managed by Baron Capital Group, Inc.. It was launched on Dec 30, 1994. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGRFX or SPY.
Correlation
The correlation between BGRFX and SPY is 0.80, 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.
Performance
BGRFX vs. SPY - Performance Comparison
Key characteristics
BGRFX:
-0.63
SPY:
0.30
BGRFX:
-0.71
SPY:
0.56
BGRFX:
0.89
SPY:
1.08
BGRFX:
-0.34
SPY:
0.31
BGRFX:
-1.31
SPY:
1.40
BGRFX:
10.55%
SPY:
4.18%
BGRFX:
21.90%
SPY:
19.64%
BGRFX:
-58.19%
SPY:
-55.19%
BGRFX:
-36.39%
SPY:
-13.86%
Returns By Period
The year-to-date returns for both stocks are quite close, with BGRFX having a -9.65% return and SPY slightly lower at -9.91%. Over the past 10 years, BGRFX has underperformed SPY with an annualized return of 0.68%, while SPY has yielded a comparatively higher 11.59% annualized return.
BGRFX
-9.65%
-5.66%
-22.64%
-12.81%
2.92%
0.68%
SPY
-9.91%
-6.90%
-9.38%
6.72%
14.62%
11.59%
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BGRFX vs. SPY - Expense Ratio Comparison
BGRFX has a 1.29% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BGRFX vs. SPY — Risk-Adjusted Performance Rank
BGRFX
SPY
BGRFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Growth Fund (BGRFX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
BGRFX vs. SPY - Dividend Comparison
BGRFX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.36%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRFX Baron Growth Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.36% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BGRFX vs. SPY - Drawdown Comparison
The maximum BGRFX drawdown since its inception was -58.19%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BGRFX and SPY. For additional features, visit the drawdowns tool.
Volatility
BGRFX vs. SPY - Volatility Comparison
The current volatility for Baron Growth Fund (BGRFX) is 12.41%, while SPDR S&P 500 ETF (SPY) has a volatility of 14.52%. This indicates that BGRFX experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.