BGRIX vs. FRIAX
BGRIX (Baron Growth Fund Institutional Shares) and FRIAX (Franklin Income Fund Advisor Class) are both mutual funds - BGRIX is a Mid Cap Growth Equities fund managed by Baron Capital, while FRIAX is a Diversified Portfolio fund managed by Franklin Templeton. Over the past 10 years, BGRIX returned 7.46%/yr vs 7.29%/yr for FRIAX. Their 0.64 correlation means they have sometimes moved together and sometimes differently. BGRIX charges 1.05%/yr vs 0.46%/yr for FRIAX.
Performance
BGRIX vs. FRIAX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BGRIX achieves a -6.83% return, which is significantly lower than FRIAX's 6.27% return. Both investments have delivered pretty close results over the past 10 years, with BGRIX having a 7.46% annualized return and FRIAX not far behind at 7.29%.
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%
FRIAX
- 1D
- 0.46%
- 1M
- 0.46%
- 6M
- 2.79%
- YTD
- 6.27%
- 1Y
- 12.20%
- 3Y*
- 10.02%
- 5Y*
- 6.68%
- 10Y*
- 7.29%
- ALL TIME*
- 7.32%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BGRIX vs. FRIAX - 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% |
FRIAX Franklin Income Fund Advisor Class | 6.27% | 12.02% | 7.29% | 8.84% | -5.36% | 17.51% | 3.72% | 16.02% | -5.23% | 8.63% |
Correlation
The correlation between BGRIX and FRIAX is 0.40, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.40 |
Correlation (3Y) Balances recent behavior with more history. | 0.52 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.60 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.60 |
Correlation (All Time) Calculated using the full available price history since May 29, 2009 | 0.64 |
Over the past year, the correlation between BGRIX and FRIAX has dropped to 0.40 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BGRIX vs. FRIAX — Risk / Return Rank
BGRIX
FRIAX
BGRIX vs. FRIAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Growth Fund Institutional Shares (BGRIX) and Franklin Income Fund Advisor Class (FRIAX). 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 | FRIAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.14 | ||
| Sortino ratioReturn per unit of downside risk | -4.64 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.57 | -0.66 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 4.15 | -4.71 |
| Martin ratioReturn relative to average drawdown | -0.93 | 15.73 | -16.67 |
Loading charts...
Drawdowns
BGRIX vs. FRIAX - Drawdown Comparison
The maximum BGRIX drawdown since its inception was -41.12%, roughly equal to the maximum FRIAX drawdown of -43.23%. Use the drawdown chart below to compare losses from any high point for BGRIX and FRIAX.
Loading charts...
Drawdown Indicators
| BGRIX | FRIAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.12% | -43.23% | +2.11% |
Max Drawdown (1Y)Largest decline over 1 year | -23.63% | -3.06% | -20.57% |
Max Drawdown (3Y)Largest decline over 3 years | -32.70% | -7.08% | -25.62% |
Max Drawdown (5Y)Largest decline over 5 years | -34.60% | -13.63% | -20.97% |
Max Drawdown (10Y)Largest decline over 10 years | -41.12% | -24.10% | -17.02% |
Current DrawdownCurrent decline from peak | -26.33% | 0.00% | -26.33% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -3.90% | -3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.61% | 0.81% | +13.80% |
Volatility
BGRIX vs. FRIAX - Volatility Comparison
Baron Growth Fund Institutional Shares (BGRIX) has a higher volatility of 10.20% compared to Franklin Income Fund Advisor Class (FRIAX) at 1.37%. This indicates that BGRIX's price experiences larger fluctuations and is considered to be riskier than FRIAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BGRIX | FRIAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 1.37% | +8.83% |
Volatility (6M)Calculated over the trailing 6-month period | 19.45% | 3.74% | +15.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.85% | 5.01% | +17.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.91% | 7.91% | +13.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 9.20% | +12.27% |
BGRIX vs. FRIAX - Expense Ratio Comparison
BGRIX has a 1.05% expense ratio, which is higher than FRIAX's 0.46% expense ratio.
Dividends
BGRIX vs. FRIAX - Dividend Comparison
BGRIX's dividend yield for the trailing twelve months is around 21.17%, more than FRIAX's 5.74% 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% |
FRIAX Franklin Income Fund Advisor Class | 5.74% | 5.75% | 5.74% | 5.67% | 5.24% | 6.70% | 5.37% | 5.25% | 5.80% | 5.20% | 4.92% | 5.93% |
Frequently Asked Questions
BGRIX and FRIAX have a correlation of 0.40, 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 FRIAX (1.37%). In terms of maximum drawdown, BGRIX dropped -41.12% vs FRIAX's -43.23%.
FRIAX currently has the higher Sharpe Ratio (2.54 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.
Find the right allocation for BGRIX and FRIAX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer