BGRIX vs. BDAIX

Last updated Apr 2, 2026

Compare and contrast key facts about Baron Growth Fund Institutional Shares (BGRIX) and Baron Durable Advantage Fund (BDAIX).

BGRIX is managed by Baron Capital Group, Inc.. It was launched on May 29, 2009. BDAIX is managed by Baron Capital Group, Inc.. It was launched on Dec 29, 2017.

Performance

BGRIX vs. BDAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Growth Fund Institutional Shares (BGRIX) and Baron Durable Advantage Fund (BDAIX). The values are adjusted to include any dividend payments, if applicable.

BGRIX vs. BDAIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BGRIX Baron Growth Fund Institutional Shares	-12.06%	-14.21%	4.90%	14.97%	-22.35%	20.13%	33.10%	20.10%
BDAIX Baron Durable Advantage Fund	-9.02%	16.56%	27.14%	45.51%	-24.81%	32.17%	20.32%	27.34%

Returns By Period

In the year-to-date period, BGRIX achieves a -12.06% return, which is significantly lower than BDAIX's -9.02% return.

BGRIX

• 1D: 1.77%
• 1M: -7.25%
• YTD: -12.06%
• 6M: -13.66%
• 1Y: -21.19%
• 3Y*: -5.52%
• 5Y*: -3.81%
• 10Y*: 7.58%

BDAIX

• 1D: 3.73%
• 1M: -5.66%
• YTD: -9.02%
• 6M: -6.67%
• 1Y: 13.20%
• 3Y*: 19.13%
• 5Y*: 13.21%
• 10Y*: —

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

BGRIX vs. BDAIX - Expense Ratio Comparison

BGRIX has a 1.05% expense ratio, which is lower than BDAIX's 1.48% expense ratio.

BDAIX

Baron Durable Advantage Fund

BGRIX

Baron Growth Fund Institutional Shares

Return for Risk

BGRIX vs. BDAIX — Risk / Return Rank

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

BGRIX

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

BDAIX

BDAIX Risk / Return Rank: 27
BDAIX Sharpe Ratio Rank: 22
BDAIX Sortino Ratio Rank: 25
BDAIX Omega Ratio Rank: 25
BDAIX Calmar Ratio Rank: 32
BDAIX Martin Ratio Rank: 30

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.

BGRIX vs. BDAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Growth Fund Institutional Shares (BGRIX) and Baron Durable Advantage Fund (BDAIX). 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.

	BGRIX	BDAIX	Difference
Sharpe ratio Return per unit of total volatility	-1.00	0.63	-1.63
Sortino ratio Return per unit of downside risk	-1.38	1.04	-2.42
Omega ratio Gain probability vs. loss probability	0.83	1.15	-0.32
Calmar ratio Return relative to maximum drawdown	-0.81	0.96	-1.78
Martin ratio Return relative to average drawdown	-1.75	3.50	-5.24
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGRIX vs. BDAIX - Sharpe Ratio Comparison

The current BGRIX Sharpe Ratio is -1.00, which is lower than the BDAIX Sharpe Ratio of 0.63. The chart below compares the historical Sharpe Ratios of BGRIX and BDAIX, 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

	BGRIX	BDAIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.00	0.63	-1.63
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.19	0.66	-0.85
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.36	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.76	-0.22

Correlation

The correlation between BGRIX and BDAIX is 0.77, 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

BGRIX vs. BDAIX - Dividend Comparison

BGRIX's dividend yield for the trailing twelve months is around 22.42%, while BDAIX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGRIX Baron Growth Fund Institutional Shares	22.42%	19.72%	11.30%	1.69%	5.72%	7.38%	4.45%	3.55%	8.12%	11.36%	12.56%	9.37%
BDAIX Baron Durable Advantage Fund	0.00%	0.00%	0.23%	0.10%	0.00%	0.33%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BGRIX vs. BDAIX - Drawdown Comparison

The maximum BGRIX drawdown since its inception was -41.12%, which is greater than BDAIX's maximum drawdown of -33.57%. Use the drawdown chart below to compare losses from any high point for BGRIX and BDAIX.

Drawdown Indicators

	BGRIX	BDAIX	Difference
Max Drawdown Largest peak-to-trough decline	-41.12%	-33.57%	-7.55%
Max Drawdown (1Y) Largest decline over 1 year	-25.39%	-14.82%	-10.57%
Max Drawdown (5Y) Largest decline over 5 years	-34.60%	-30.25%	-4.35%
Max Drawdown (10Y) Largest decline over 10 years	-41.12%	—	—
Current Drawdown Current decline from peak	-30.46%	-11.64%	-18.82%
Average Drawdown Average peak-to-trough decline	-7.31%	-5.91%	-1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.84%	4.08%	+7.76%

Volatility

BGRIX vs. BDAIX - Volatility Comparison

The current volatility for Baron Growth Fund Institutional Shares (BGRIX) is 5.53%, while Baron Durable Advantage Fund (BDAIX) has a volatility of 6.74%. This indicates that BGRIX experiences smaller price fluctuations and is considered to be less risky than BDAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGRIX	BDAIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.53%	6.74%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	13.26%	12.50%	+0.76%
Volatility (1Y) Calculated over the trailing 1-year period	21.22%	22.56%	-1.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.89%	20.21%	-0.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.97%	22.11%	-1.14%