BGRIX vs. BPTRX
BGRIX (Baron Growth Fund Institutional Shares) and BPTRX (Baron Partners Fund) are both mutual funds - BGRIX is a Mid Cap Growth Equities fund managed by Baron Capital, while BPTRX is a Large Cap Growth Equities fund actively managed by Baron Capital. Over the past 10 years, BGRIX returned 7.46%/yr vs 23.03%/yr for BPTRX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. BGRIX charges 1.05%/yr vs 1.36%/yr for BPTRX.
Performance
BGRIX vs. BPTRX - Performance Comparison
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Returns By Period
In the year-to-date period, BGRIX achieves a -6.83% return, which is significantly lower than BPTRX's -3.03% return. Over the past 10 years, BGRIX has underperformed BPTRX with an annualized return of 7.46%, while BPTRX has yielded a comparatively higher 23.03% annualized return.
BGRIX
- 1D
- 0.77%
- 1M
- 2.33%
- 6M
- 1.19%
- YTD
- -6.83%
- 1Y
- -15.40%
- 3Y*
- -4.53%
- 5Y*
- -4.37%
- 10Y*
- 7.46%
- ALL TIME*
- 10.49%
BPTRX
- 1D
- 2.45%
- 1M
- -12.10%
- 6M
- -3.77%
- YTD
- -3.03%
- 1Y
- 26.20%
- 3Y*
- 18.27%
- 5Y*
- 10.22%
- 10Y*
- 23.03%
- ALL TIME*
- 15.51%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
BPTRX Baron Partners Fund | $0.00 | $0.00 | $0.00 |
BGRIX vs. BPTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGRIX Baron Growth Fund Institutional Shares | -6.83% | -14.21% | 4.90% | 14.97% | -22.35% | 20.13% | 33.10% | 40.54% | -2.68% | 27.45% |
BPTRX Baron Partners Fund | -3.03% | 24.54% | 32.75% | 43.09% | -42.53% | 31.35% | 148.81% | 44.99% | -2.01% | 31.54% |
Correlation
The correlation between BGRIX and BPTRX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 29, 2009 | 0.80 |
Over the past year, the correlation between BGRIX and BPTRX has dropped to 0.48 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
BGRIX vs. BPTRX — Risk / Return Rank
BGRIX
BPTRX
BGRIX vs. BPTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Growth Fund Institutional Shares (BGRIX) and Baron Partners Fund (BPTRX). 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.
| BGRIX | BPTRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.56 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.24 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 1.50 | -2.05 |
| Martin ratioReturn relative to average drawdown | -0.93 | 4.69 | -5.62 |
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Drawdowns
BGRIX vs. BPTRX - Drawdown Comparison
The maximum BGRIX drawdown since its inception was -41.12%, smaller than the maximum BPTRX drawdown of -64.11%. Use the drawdown chart below to compare losses from any high point for BGRIX and BPTRX.
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Drawdown Indicators
| BGRIX | BPTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.12% | -64.11% | +22.99% |
Max Drawdown (1Y)Largest decline over 1 year | -23.63% | -19.66% | -3.97% |
Max Drawdown (3Y)Largest decline over 3 years | -32.70% | -33.34% | +0.64% |
Max Drawdown (5Y)Largest decline over 5 years | -34.60% | -49.87% | +15.27% |
Max Drawdown (10Y)Largest decline over 10 years | -41.12% | -51.26% | +10.14% |
Current DrawdownCurrent decline from peak | -26.33% | -17.68% | -8.65% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -13.76% | +6.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.61% | 6.26% | +8.35% |
Volatility
BGRIX vs. BPTRX - Volatility Comparison
Baron Growth Fund Institutional Shares (BGRIX) has a higher volatility of 10.20% compared to Baron Partners Fund (BPTRX) at 7.80%. This indicates that BGRIX's price experiences larger fluctuations and is considered to be riskier than BPTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGRIX | BPTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 7.80% | +2.40% |
Volatility (6M)Calculated over the trailing 6-month period | 19.45% | 19.24% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.85% | 30.49% | -7.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.91% | 34.26% | -13.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 32.96% | -11.49% |
BGRIX vs. BPTRX - Expense Ratio Comparison
BGRIX has a 1.05% expense ratio, which is lower than BPTRX's 1.36% expense ratio.
Dividends
BGRIX vs. BPTRX - Dividend Comparison
BGRIX's dividend yield for the trailing twelve months is around 21.17%, more than BPTRX's 3.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRIX Baron Growth Fund Institutional Shares | 21.17% | 19.72% | 11.30% | 1.69% | 5.72% | 7.38% | 4.45% | 3.55% | 8.12% | 11.36% | 12.56% | 9.37% |
BPTRX Baron Partners Fund | 3.47% | 3.36% | 0.76% | 0.00% | 3.19% | 7.72% | 3.67% | 0.26% | 0.00% | 0.00% | 0.00% | 0.35% |
Frequently Asked Questions
BGRIX and BPTRX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGRIX has higher volatility (10.20%) compared to BPTRX (7.80%). In terms of maximum drawdown, BGRIX dropped -41.12% vs BPTRX's -64.11%.
BPTRX currently has the higher Sharpe Ratio (0.97 vs -0.60), 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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