BGRIX vs. FXAIX
Compare and contrast key facts about Baron Growth Fund Institutional Shares (BGRIX) and Fidelity 500 Index Fund (FXAIX).
BGRIX is managed by Baron Capital Group, Inc.. It was launched on May 29, 2009. FXAIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BGRIX or FXAIX.
Key characteristics
| BGRIX | FXAIX | |
|---|---|---|
| YTD Return | 1.20% | 11.79% |
| 1Y Return | 8.44% | 28.28% |
| 3Y Return (Ann) | 1.80% | 10.43% |
| 5Y Return (Ann) | 10.09% | 15.05% |
| 10Y Return (Ann) | 10.95% | 13.12% |
| Sharpe Ratio | 0.68 | 2.56 |
| Daily Std Dev | 14.42% | 11.55% |
| Max Drawdown | -41.12% | -33.79% |
| Current Drawdown | -11.08% | -0.07% |
Correlation
The correlation between BGRIX and FXAIX is 0.87, 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
BGRIX vs. FXAIX - Performance Comparison
In the year-to-date period, BGRIX achieves a 1.20% return, which is significantly lower than FXAIX's 11.79% return. Over the past 10 years, BGRIX has underperformed FXAIX with an annualized return of 10.95%, while FXAIX has yielded a comparatively higher 13.12% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BGRIX vs. FXAIX - Expense Ratio Comparison
BGRIX has a 1.05% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Risk-Adjusted Performance
BGRIX vs. FXAIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Growth Fund Institutional Shares (BGRIX) and Fidelity 500 Index Fund (FXAIX). 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
BGRIX vs. FXAIX - Dividend Comparison
BGRIX's dividend yield for the trailing twelve months is around 1.67%, more than FXAIX's 1.31% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRIX Baron Growth Fund Institutional Shares | 1.67% | 1.69% | 5.72% | 7.38% | 4.45% | 3.55% | 8.12% | 11.36% | 12.56% | 9.40% | 4.40% | 2.46% |
FXAIX Fidelity 500 Index Fund | 1.31% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% | 2.63% | 1.84% |
Drawdowns
BGRIX vs. FXAIX - Drawdown Comparison
The maximum BGRIX drawdown since its inception was -41.12%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for BGRIX and FXAIX. For additional features, visit the drawdowns tool.
Volatility
BGRIX vs. FXAIX - Volatility Comparison
Baron Growth Fund Institutional Shares (BGRIX) has a higher volatility of 3.83% compared to Fidelity 500 Index Fund (FXAIX) at 3.37%. This indicates that BGRIX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.