BGRWX vs. FUMIX

Last updated Jun 26, 2026

BGRWX (Barrett Growth Fund) and FUMIX (Fidelity SAI U.S. Momentum Index Fund) are both Large Cap Growth Equities funds. Over the past 5 years, BGRWX returned 8.11%/yr vs 16.19%/yr for FUMIX. Their correlation of 0.85 suggests significant overlap in exposure. BGRWX charges 1.25%/yr vs 0.11%/yr for FUMIX.

Performance

BGRWX vs. FUMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Barrett Growth Fund (BGRWX) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGRWX achieves a -3.22% return, which is significantly lower than FUMIX's 27.64% return.

BGRWX

• 1D: 0.07%
• 1M: -3.35%
• YTD: -3.22%
• 6M: -4.42%
• 1Y: 5.86%
• 3Y*: 14.89%
• 5Y*: 8.11%
• 10Y*: 13.65%

FUMIX

• 1D: -0.37%
• 1M: 3.05%
• YTD: 27.64%
• 6M: 25.21%
• 1Y: 34.69%
• 3Y*: 31.93%
• 5Y*: 16.19%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGRWX vs. FUMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGRWX Barrett Growth Fund	-3.22%	8.11%	28.38%	32.94%	-24.83%	21.22%	28.96%	31.99%	-0.46%	18.84%
FUMIX Fidelity SAI U.S. Momentum Index Fund	27.64%	17.01%	33.39%	14.67%	-15.79%	22.56%	29.92%	24.16%	-1.41%	22.71%

Correlation

The correlation between BGRWX and FUMIX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.67
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Feb 9, 2017	0.85

The correlation between BGRWX and FUMIX shifts across timeframes, from 0.67 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BGRWX vs. FUMIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGRWX

BGRWX Risk / Return Rank: 7
BGRWX Sharpe Ratio Rank: 8
BGRWX Sortino Ratio Rank: 8
BGRWX Omega Ratio Rank: 8
BGRWX Calmar Ratio Rank: 6
BGRWX Martin Ratio Rank: 7

FUMIX

FUMIX Risk / Return Rank: 64
FUMIX Sharpe Ratio Rank: 54
FUMIX Sortino Ratio Rank: 51
FUMIX Omega Ratio Rank: 53
FUMIX Calmar Ratio Rank: 78
FUMIX Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGRWX vs. FUMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Barrett Growth Fund (BGRWX) and Fidelity SAI U.S. Momentum Index Fund (FUMIX). 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.

	BGRWX	FUMIX	Difference
Sharpe ratio: Return per unit of total volatility	0.49	1.81	-1.32
Sortino ratio: Return per unit of downside risk	0.74	2.50	-1.75
Omega ratio: Gain probability vs. loss probability	1.09	1.33	-0.24
Calmar ratio: Return relative to maximum drawdown	0.40	3.09	-2.68
Martin ratio: Return relative to average drawdown	1.33	13.73	-12.40

BGRWX vs. FUMIX - Sharpe Ratio Comparison

The current BGRWX Sharpe Ratio is 0.49, which is lower than the FUMIX Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of BGRWX and FUMIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BGRWX vs. FUMIX - Drawdown Comparison

The maximum BGRWX drawdown since its inception was -56.87%, which is greater than FUMIX's maximum drawdown of -33.36%. Use the drawdown chart below to compare losses from any high point for BGRWX and FUMIX.

Drawdown Indicators

	BGRWX	FUMIX	Difference
Max Drawdown Largest peak-to-trough decline	-56.87%	-33.36%	-23.51%
Max Drawdown (1Y) Largest decline over 1 year	-14.80%	-10.99%	-3.81%
Max Drawdown (3Y) Largest decline over 3 years	-25.54%	-19.90%	-5.64%
Max Drawdown (5Y) Largest decline over 5 years	-29.69%	-27.66%	-2.03%
Max Drawdown (10Y) Largest decline over 10 years	-29.69%	—	—
Current Drawdown Current decline from peak	-8.12%	-3.76%	-4.36%
Average Drawdown Average peak-to-trough decline	-17.92%	-6.29%	-11.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.51%	2.46%	+2.05%

Volatility

BGRWX vs. FUMIX - Volatility Comparison

The current volatility for Barrett Growth Fund (BGRWX) is 4.03%, while Fidelity SAI U.S. Momentum Index Fund (FUMIX) has a volatility of 8.66%. This indicates that BGRWX experiences smaller price fluctuations and is considered to be less risky than FUMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGRWX	FUMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	8.66%	-4.63%
Volatility (6M) Calculated over the trailing 6-month period	9.85%	16.37%	-6.52%
Volatility (1Y) Calculated over the trailing 1-year period	12.26%	18.77%	-6.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.76%	21.44%	-2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.81%	21.86%	-3.05%

BGRWX vs. FUMIX - Expense Ratio Comparison

BGRWX has a 1.25% expense ratio, which is higher than FUMIX's 0.11% expense ratio.

Dividends

BGRWX vs. FUMIX - Dividend Comparison

BGRWX's dividend yield for the trailing twelve months is around 12.18%, more than FUMIX's 2.17% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGRWX Barrett Growth Fund	12.18%	11.78%	10.42%	3.01%	22.03%	11.98%	6.78%	2.43%	3.49%	4.79%	0.00%	0.15%
FUMIX Fidelity SAI U.S. Momentum Index Fund	2.17%	2.77%	5.89%	18.09%	2.10%	20.67%	8.68%	2.09%	3.84%	0.88%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BGRWX and FUMIX in my portfolio?

BGRWX and FUMIX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGRWX or FUMIX?

FUMIX has higher volatility (8.66%) compared to BGRWX (4.03%). In terms of maximum drawdown, BGRWX dropped -56.87% vs FUMIX's -33.36%.

Which has better risk-adjusted returns?

FUMIX currently has the higher Sharpe Ratio (1.81 vs 0.49), 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.