BGRIX vs. SPY
Compare and contrast key facts about Baron Growth Fund Institutional Shares (BGRIX) and SPDR S&P 500 ETF (SPY).
BGRIX is managed by Baron Capital Group, Inc.. It was launched on May 29, 2009. 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: BGRIX or SPY.
Correlation
The correlation between BGRIX and SPY is 0.86, 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. SPY - Performance Comparison
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Key characteristics
BGRIX:
-0.45
SPY:
0.66
BGRIX:
-0.42
SPY:
1.08
BGRIX:
0.94
SPY:
1.16
BGRIX:
-0.24
SPY:
0.72
BGRIX:
-0.77
SPY:
2.78
BGRIX:
11.98%
SPY:
4.88%
BGRIX:
22.16%
SPY:
20.26%
BGRIX:
-41.12%
SPY:
-55.19%
BGRIX:
-30.60%
SPY:
-2.99%
Returns By Period
In the year-to-date period, BGRIX achieves a -3.54% return, which is significantly lower than SPY's 1.46% return. Over the past 10 years, BGRIX has underperformed SPY with an annualized return of 1.92%, while SPY has yielded a comparatively higher 12.71% annualized return.
BGRIX
-3.54%
6.70%
-14.65%
-9.85%
1.52%
2.81%
1.92%
SPY
1.46%
12.62%
1.07%
13.27%
16.71%
16.68%
12.71%
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BGRIX vs. SPY - Expense Ratio Comparison
BGRIX has a 1.05% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BGRIX vs. SPY — Risk-Adjusted Performance Rank
BGRIX
SPY
BGRIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Growth Fund Institutional Shares (BGRIX) 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.
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Dividends
BGRIX vs. SPY - Dividend Comparison
BGRIX's dividend yield for the trailing twelve months is around 11.71%, more than SPY's 1.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRIX Baron Growth Fund Institutional Shares | 11.71% | 11.30% | 1.69% | 5.72% | 7.38% | 4.45% | 3.55% | 8.12% | 11.36% | 12.56% | 9.40% | 4.40% |
SPY SPDR S&P 500 ETF | 1.21% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
BGRIX vs. SPY - Drawdown Comparison
The maximum BGRIX drawdown since its inception was -41.12%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BGRIX and SPY. For additional features, visit the drawdowns tool.
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Volatility
BGRIX vs. SPY - Volatility Comparison
Baron Growth Fund Institutional Shares (BGRIX) has a higher volatility of 5.14% compared to SPDR S&P 500 ETF (SPY) at 4.66%. This indicates that BGRIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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