BHCHX vs. SDVY

Last updated Jul 16, 2026

BHCHX (Baron Health Care Fund) and SDVY (First Trust SMID Cap Rising Dividend Achievers ETF) are both funds - BHCHX is a Health & Biotech Equities fund managed by Baron Capital Group, Inc., while SDVY is a Small Cap Blend Equities fund tracking the NASDAQ US Small Mid Cap Rising Dividend Achievers™ Index. Over the past 5 years, BHCHX returned 1.54%/yr vs 10.94%/yr for SDVY. A 0.52 correlation means they provide meaningful diversification when combined. BHCHX charges 0.85%/yr vs 0.60%/yr for SDVY.

Performance

BHCHX vs. SDVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Health Care Fund (BHCHX) and First Trust SMID Cap Rising Dividend Achievers ETF (SDVY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BHCHX achieves a 3.72% return, which is significantly lower than SDVY's 12.83% return.

BHCHX

• 1D: -0.59%
• 1M: 7.46%
• 6M: 3.33%
• YTD: 3.72%
• 1Y: 26.39%
• 3Y*: 5.49%
• 5Y*: 1.54%
• 10Y*: —

SDVY

• 1D: 0.28%
• 1M: 1.75%
• 6M: 7.80%
• YTD: 12.83%
• 1Y: 22.78%
• 3Y*: 16.01%
• 5Y*: 10.94%
• 10Y*: —

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

BHCHX vs. SDVY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BHCHX Baron Health Care Fund	3.72%	10.28%	1.55%	6.42%	-16.90%	15.71%	47.71%	18.75%
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	12.83%	8.83%	11.19%	28.58%	-11.98%	29.13%	11.72%	8.67%

Correlation

The correlation between BHCHX and SDVY is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since May 17, 2019	0.52

The correlation between BHCHX and SDVY shifts across timeframes, from 0.43 (1 year) to 0.57 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BHCHX vs. SDVY — Risk / Return Rank

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

BHCHX

BHCHX Risk / Return Rank: 37
BHCHX Sharpe Ratio Rank: 45
BHCHX Sortino Ratio Rank: 49
BHCHX Omega Ratio Rank: 39
BHCHX Calmar Ratio Rank: 33
BHCHX Martin Ratio Rank: 20

SDVY

SDVY Risk / Return Rank: 58
SDVY Sharpe Ratio Rank: 55
SDVY Sortino Ratio Rank: 62
SDVY Omega Ratio Rank: 53
SDVY Calmar Ratio Rank: 62
SDVY Martin Ratio Rank: 60

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. SDVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Health Care Fund (BHCHX) and First Trust SMID Cap Rising Dividend Achievers ETF (SDVY). 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.

	BHCHX	SDVY	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.52	-0.04
Sortino ratio: Return per unit of downside risk	2.20	2.34	-0.14
Omega ratio: Gain probability vs. loss probability	1.25	1.27	-0.02
Calmar ratio: Return relative to maximum drawdown	1.70	2.47	-0.77
Martin ratio: Return relative to average drawdown	3.77	8.49	-4.72

BHCHX vs. SDVY - Sharpe Ratio Comparison

The current BHCHX Sharpe Ratio is 1.48, which is comparable to the SDVY Sharpe Ratio of 1.52. The chart below compares the historical Sharpe Ratios of BHCHX and SDVY, 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

BHCHX vs. SDVY - Drawdown Comparison

The maximum BHCHX drawdown since its inception was -28.53%, smaller than the maximum SDVY drawdown of -44.70%. Use the drawdown chart below to compare losses from any high point for BHCHX and SDVY.

Drawdown Indicators

	BHCHX	SDVY	Difference
Max Drawdown Largest peak-to-trough decline	-28.53%	-44.70%	+16.17%
Max Drawdown (1Y) Largest decline over 1 year	-14.24%	-9.28%	-4.96%
Max Drawdown (3Y) Largest decline over 3 years	-20.51%	-25.92%	+5.41%
Max Drawdown (5Y) Largest decline over 5 years	-28.53%	-25.92%	-2.61%
Current Drawdown Current decline from peak	-3.63%	-0.78%	-2.85%
Average Drawdown Average peak-to-trough decline	-10.97%	-7.62%	-3.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.42%	2.69%	+3.73%

Volatility

BHCHX vs. SDVY - Volatility Comparison

Baron Health Care Fund (BHCHX) has a higher volatility of 5.21% compared to First Trust SMID Cap Rising Dividend Achievers ETF (SDVY) at 3.07%. This indicates that BHCHX's price experiences larger fluctuations and is considered to be riskier than SDVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BHCHX	SDVY	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	3.07%	+2.14%
Volatility (6M) Calculated over the trailing 6-month period	13.10%	10.74%	+2.36%
Volatility (1Y) Calculated over the trailing 1-year period	16.36%	15.22%	+1.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	20.90%	-3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.75%	24.69%	-4.94%

BHCHX vs. SDVY - Expense Ratio Comparison

BHCHX has a 0.85% expense ratio, which is higher than SDVY's 0.60% expense ratio.

Dividends

BHCHX vs. SDVY - Dividend Comparison

BHCHX has not paid dividends to shareholders, while SDVY's dividend yield for the trailing twelve months is around 0.96%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BHCHX Baron Health Care Fund	0.00%	0.00%	0.49%	0.00%	0.00%	1.41%	0.99%	0.00%	0.00%	0.00%
SDVY First Trust SMID Cap Rising Dividend Achievers ETF	0.96%	1.69%	1.60%	1.90%	2.28%	1.09%	1.48%	1.69%	1.57%	0.29%

Frequently Asked Questions

Can I hold both BHCHX and SDVY in my portfolio?

BHCHX and SDVY have a correlation of 0.43, 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 SDVY?

BHCHX has higher volatility (5.21%) compared to SDVY (3.07%). In terms of maximum drawdown, BHCHX dropped -28.53% vs SDVY's -44.70%.

Which has better risk-adjusted returns?

SDVY currently has the higher Sharpe Ratio (1.52 vs 1.48), 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.