BIAFX vs. BPTRX
BIAFX (Brown Advisory Flexible Equity Fund) and BPTRX (Baron Partners Fund) are both Large Cap Growth Equities funds. Over the past 10 years, BIAFX returned 15.16%/yr vs 22.97%/yr for BPTRX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. BIAFX charges 0.68%/yr vs 1.36%/yr for BPTRX.
Performance
BIAFX vs. BPTRX - Performance Comparison
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Returns By Period
In the year-to-date period, BIAFX achieves a 6.44% return, which is significantly higher than BPTRX's -3.59% return. Over the past 10 years, BIAFX has underperformed BPTRX with an annualized return of 15.16%, while BPTRX has yielded a comparatively higher 22.97% annualized return.
BIAFX
- 1D
- 1.21%
- 1M
- -0.77%
- 6M
- 6.81%
- YTD
- 6.44%
- 1Y
- 12.68%
- 3Y*
- 15.96%
- 5Y*
- 9.82%
- 10Y*
- 15.16%
- ALL TIME*
- 10.18%
BPTRX
- 1D
- -2.14%
- 1M
- -12.60%
- 6M
- -0.09%
- YTD
- -3.59%
- 1Y
- 28.55%
- 3Y*
- 16.04%
- 5Y*
- 10.37%
- 10Y*
- 22.97%
- ALL TIME*
- 15.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
BPTRX Baron Partners Fund | $0.00 | $0.00 | $0.00 |
BIAFX vs. BPTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIAFX Brown Advisory Flexible Equity Fund | 6.44% | 9.74% | 23.72% | 34.52% | -21.07% | 24.95% | 19.89% | 42.29% | -4.15% | 24.12% |
BPTRX Baron Partners Fund | -3.59% | 24.54% | 32.75% | 43.09% | -42.53% | 31.35% | 148.81% | 44.99% | -2.01% | 31.54% |
Correlation
The correlation between BIAFX and BPTRX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.62 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2006 | 0.79 |
The correlation between BIAFX and BPTRX shifts across timeframes, from 0.62 (1 year) to 0.79 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BIAFX vs. BPTRX — Risk / Return Rank
BIAFX
BPTRX
BIAFX vs. BPTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Flexible Equity Fund (BIAFX) and Baron Partners Fund (BPTRX). 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.
| BIAFX | BPTRX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.21 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.73 | 1.31 | -0.57 |
| Martin ratioReturn relative to average drawdown | 2.63 | 4.23 | -1.60 |
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Drawdowns
BIAFX vs. BPTRX - Drawdown Comparison
The maximum BIAFX drawdown since its inception was -60.32%, smaller than the maximum BPTRX drawdown of -64.11%. Use the drawdown chart below to compare losses from any high point for BIAFX and BPTRX.
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Drawdown Indicators
| BIAFX | BPTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.32% | -64.11% | +3.79% |
Max Drawdown (1Y)Largest decline over 1 year | -13.10% | -19.60% | +6.50% |
Max Drawdown (3Y)Largest decline over 3 years | -17.99% | -33.34% | +15.35% |
Max Drawdown (5Y)Largest decline over 5 years | -27.44% | -49.87% | +22.43% |
Max Drawdown (10Y)Largest decline over 10 years | -35.49% | -51.26% | +15.77% |
Current DrawdownCurrent decline from peak | -1.48% | -18.16% | +16.68% |
Average DrawdownAverage peak-to-trough decline | -10.08% | -13.76% | +3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 6.04% | -2.39% |
Volatility
BIAFX vs. BPTRX - Volatility Comparison
The current volatility for Brown Advisory Flexible Equity Fund (BIAFX) is 3.32%, while Baron Partners Fund (BPTRX) has a volatility of 7.29%. This indicates that BIAFX experiences smaller price fluctuations and is considered to be less risky than BPTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIAFX | BPTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 7.29% | -3.97% |
Volatility (6M)Calculated over the trailing 6-month period | 10.93% | 19.10% | -8.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.87% | 30.34% | -16.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.94% | 34.24% | -16.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.16% | 32.93% | -13.77% |
BIAFX vs. BPTRX - Expense Ratio Comparison
BIAFX has a 0.68% expense ratio, which is lower than BPTRX's 1.36% expense ratio.
Dividends
BIAFX vs. BPTRX - Dividend Comparison
BIAFX's dividend yield for the trailing twelve months is around 5.46%, more than BPTRX's 3.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAFX Brown Advisory Flexible Equity Fund | 5.46% | 5.81% | 4.81% | 2.67% | 3.71% | 3.75% | 3.16% | 8.65% | 4.15% | 0.42% | 0.44% | 0.58% |
BPTRX Baron Partners Fund | 3.49% | 3.36% | 0.76% | 0.00% | 3.19% | 7.72% | 3.67% | 0.26% | 0.00% | 0.00% | 0.00% | 0.35% |
Frequently Asked Questions
BIAFX and BPTRX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BPTRX has higher volatility (7.29%) compared to BIAFX (3.32%). In terms of maximum drawdown, BIAFX dropped -60.32% vs BPTRX's -64.11%.
BPTRX currently has the higher Sharpe Ratio (0.84 vs 0.69), 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.
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