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.
Key characteristics
| BGRIX | SPY | |
|---|---|---|
| YTD Return | 1.17% | 11.87% |
| 1Y Return | 8.66% | 28.45% |
| 3Y Return (Ann) | 1.54% | 10.16% |
| 5Y Return (Ann) | 10.06% | 15.04% |
| 10Y Return (Ann) | 10.73% | 12.82% |
| Sharpe Ratio | 0.59 | 2.47 |
| Daily Std Dev | 14.40% | 11.47% |
| Max Drawdown | -41.12% | -55.19% |
| Current Drawdown | -11.10% | 0.00% |
Correlation
The correlation between BGRIX and SPY 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. SPY - Performance Comparison
In the year-to-date period, BGRIX achieves a 1.17% return, which is significantly lower than SPY's 11.87% return. Over the past 10 years, BGRIX has underperformed SPY with an annualized return of 10.73%, while SPY has yielded a comparatively higher 12.82% 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. 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 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.
Dividends
BGRIX vs. SPY - Dividend Comparison
BGRIX's dividend yield for the trailing twelve months is around 1.67%, more than SPY's 1.27% 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% |
SPY SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
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.
Volatility
BGRIX vs. SPY - Volatility Comparison
Baron Growth Fund Institutional Shares (BGRIX) has a higher volatility of 3.83% compared to SPDR S&P 500 ETF (SPY) at 3.15%. 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.