BHCHX vs. LYFIX

Last updated Jun 5, 2026

BHCHX (Baron Health Care Fund) and LYFIX (AlphaCentric LifeSci Healthcare Fund) are both Health & Biotech Equities funds. Over the past 5 years, BHCHX returned 0.03%/yr vs 5.46%/yr for LYFIX. A 0.75 correlation means they provide meaningful diversification when combined. BHCHX charges 0.85%/yr vs 1.40%/yr for LYFIX.

Performance

BHCHX vs. LYFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Health Care Fund (BHCHX) and AlphaCentric LifeSci Healthcare Fund (LYFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BHCHX achieves a -6.92% return, which is significantly lower than LYFIX's 1.26% return.

BHCHX

• 1D: 0.76%
• 1M: -0.60%
• YTD: -6.92%
• 6M: -8.26%
• 1Y: 11.76%
• 3Y*: 2.39%
• 5Y*: 0.03%
• 10Y*: —

LYFIX

• 1D: 1.83%
• 1M: -0.62%
• YTD: 1.26%
• 6M: 0.03%
• 1Y: 35.30%
• 3Y*: 7.56%
• 5Y*: 5.46%
• 10Y*: —

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

BHCHX vs. LYFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BHCHX Baron Health Care Fund	-6.92%	10.28%	1.55%	6.42%	-16.90%	15.71%	47.71%	3.03%
LYFIX AlphaCentric LifeSci Healthcare Fund	1.26%	28.22%	-0.27%	7.19%	-0.92%	-3.42%	54.83%	1.20%

Correlation

The correlation between BHCHX and LYFIX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Dec 2, 2019	0.75

The correlation between BHCHX and LYFIX has been stable across timeframes, ranging from 0.74 to 0.84 - a consistent structural relationship.

Return for Risk

BHCHX vs. LYFIX — Risk / Return Rank

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

BHCHX

BHCHX Risk / Return Rank: 10
BHCHX Sharpe Ratio Rank: 10
BHCHX Sortino Ratio Rank: 11
BHCHX Omega Ratio Rank: 10
BHCHX Calmar Ratio Rank: 10
BHCHX Martin Ratio Rank: 8

LYFIX

LYFIX Risk / Return Rank: 60
LYFIX Sharpe Ratio Rank: 47
LYFIX Sortino Ratio Rank: 45
LYFIX Omega Ratio Rank: 40
LYFIX Calmar Ratio Rank: 87
LYFIX Martin Ratio Rank: 83

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.

BHCHX vs. LYFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Health Care Fund (BHCHX) and AlphaCentric LifeSci Healthcare Fund (LYFIX). 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.

	BHCHX	LYFIX	Difference
Sharpe ratio: Return per unit of total volatility	0.80	1.97	-1.16
Sortino ratio: Return per unit of downside risk	1.24	2.76	-1.52
Omega ratio: Gain probability vs. loss probability	1.15	1.33	-0.18
Calmar ratio: Return relative to maximum drawdown	0.86	4.20	-3.34
Martin ratio: Return relative to average drawdown	1.99	15.29	-13.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BHCHX vs. LYFIX - Sharpe Ratio Comparison

The current BHCHX Sharpe Ratio is 0.80, which is lower than the LYFIX Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of BHCHX and LYFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BHCHX	LYFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.80	1.97	-1.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.00	0.24	-0.24
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.51	-0.04

Drawdowns

BHCHX vs. LYFIX - Drawdown Comparison

The maximum BHCHX drawdown since its inception was -28.53%, smaller than the maximum LYFIX drawdown of -35.33%. Use the drawdown chart below to compare losses from any high point for BHCHX and LYFIX.

Drawdown Indicators

	BHCHX	LYFIX	Difference
Max Drawdown Largest peak-to-trough decline	-28.53%	-35.33%	+6.80%
Max Drawdown (1Y) Largest decline over 1 year	-14.24%	-8.49%	-5.75%
Max Drawdown (3Y) Largest decline over 3 years	-20.51%	-24.22%	+3.71%
Max Drawdown (5Y) Largest decline over 5 years	-28.53%	-32.45%	+3.92%
Current Drawdown Current decline from peak	-11.84%	-3.19%	-8.65%
Average Drawdown Average peak-to-trough decline	-11.06%	-9.86%	-1.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.15%	2.33%	+3.82%

Volatility

BHCHX vs. LYFIX - Volatility Comparison

The current volatility for Baron Health Care Fund (BHCHX) is 5.73%, while AlphaCentric LifeSci Healthcare Fund (LYFIX) has a volatility of 6.59%. This indicates that BHCHX experiences smaller price fluctuations and is considered to be less risky than LYFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BHCHX	LYFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.73%	6.59%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	11.89%	14.54%	-2.65%
Volatility (1Y) Calculated over the trailing 1-year period	15.25%	18.13%	-2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.03%	22.89%	-5.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.74%	23.41%	-3.67%

BHCHX vs. LYFIX - Expense Ratio Comparison

BHCHX has a 0.85% expense ratio, which is lower than LYFIX's 1.40% expense ratio.

Dividends

BHCHX vs. LYFIX - Dividend Comparison

BHCHX has not paid dividends to shareholders, while LYFIX's dividend yield for the trailing twelve months is around 1.76%.

Position	TTM	2025	2024	2023	2022	2021	2020
BHCHX Baron Health Care Fund	0.00%	0.00%	0.49%	0.00%	0.00%	1.41%	0.99%
LYFIX AlphaCentric LifeSci Healthcare Fund	1.76%	1.78%	2.24%	2.63%	4.43%	12.88%	2.30%

Frequently Asked Questions

Can I hold both BHCHX and LYFIX in my portfolio?

BHCHX and LYFIX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BHCHX or LYFIX?

LYFIX has higher volatility (6.59%) compared to BHCHX (5.73%). In terms of maximum drawdown, BHCHX dropped -28.53% vs LYFIX's -35.33%.

Which has better risk-adjusted returns?

LYFIX currently has the higher Sharpe Ratio (1.97 vs 0.80), 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.