BIAGX vs. BIOPX
BIAGX (Brown Advisory Growth Equity Fund) and BIOPX (Baron Opportunity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, BIAGX returned 12.78%/yr vs 20.20%/yr for BIOPX. Their correlation of 0.87 means they have usually moved in the same direction. BIAGX charges 0.81%/yr vs 1.31%/yr for BIOPX.
Performance
BIAGX vs. BIOPX - Performance Comparison
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Returns By Period
In the year-to-date period, BIAGX achieves a 6.56% return, which is significantly higher than BIOPX's 3.65% return. Over the past 10 years, BIAGX has underperformed BIOPX with an annualized return of 12.78%, while BIOPX has yielded a comparatively higher 20.20% annualized return.
BIAGX
- 1D
- 0.52%
- 1M
- -3.33%
- 6M
- 11.25%
- YTD
- 6.56%
- 1Y
- -0.11%
- 3Y*
- 9.94%
- 5Y*
- 2.30%
- 10Y*
- 12.78%
- ALL TIME*
- 7.70%
BIOPX
- 1D
- 2.06%
- 1M
- -8.28%
- 6M
- 7.24%
- YTD
- 3.65%
- 1Y
- 13.16%
- 3Y*
- 22.14%
- 5Y*
- 8.58%
- 10Y*
- 20.20%
- ALL TIME*
- 10.31%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BIAGX vs. BIOPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIAGX Brown Advisory Growth Equity Fund | 6.56% | 0.61% | 16.60% | 33.90% | -33.60% | 18.56% | 32.41% | 47.97% | 4.66% | 30.37% |
BIOPX Baron Opportunity Fund | 3.65% | 19.44% | 39.87% | 49.55% | -42.96% | 11.90% | 88.78% | 40.34% | 8.06% | 40.58% |
Correlation
The correlation between BIAGX and BIOPX is 0.81, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.81 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.90 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 29, 2000 | 0.87 |
The correlation between BIAGX and BIOPX has been stable across timeframes, ranging from 0.81 to 0.90 - a consistent structural relationship.
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Return for Risk
BIAGX vs. BIOPX — Risk / Return Rank
BIAGX
BIOPX
BIAGX vs. BIOPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Growth Equity Fund (BIAGX) and Baron Opportunity Fund (BIOPX). 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.
| BIAGX | BIOPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.95 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.10 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.75 | -0.86 |
| Martin ratioReturn relative to average drawdown | -0.27 | 2.11 | -2.38 |
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Drawdowns
BIAGX vs. BIOPX - Drawdown Comparison
The maximum BIAGX drawdown since its inception was -56.68%, smaller than the maximum BIOPX drawdown of -67.91%. Use the drawdown chart below to compare losses from any high point for BIAGX and BIOPX.
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Drawdown Indicators
| BIAGX | BIOPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.68% | -67.91% | +11.23% |
Max Drawdown (1Y)Largest decline over 1 year | -20.12% | -14.31% | -5.81% |
Max Drawdown (3Y)Largest decline over 3 years | -56.68% | -26.34% | -30.34% |
Max Drawdown (5Y)Largest decline over 5 years | -56.68% | -51.45% | -5.23% |
Max Drawdown (10Y)Largest decline over 10 years | -56.68% | -51.45% | -5.23% |
Current DrawdownCurrent decline from peak | -44.20% | -12.55% | -31.65% |
Average DrawdownAverage peak-to-trough decline | -15.15% | -16.81% | +1.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 5.09% | +3.40% |
Volatility
BIAGX vs. BIOPX - Volatility Comparison
The current volatility for Brown Advisory Growth Equity Fund (BIAGX) is 3.82%, while Baron Opportunity Fund (BIOPX) has a volatility of 6.14%. This indicates that BIAGX experiences smaller price fluctuations and is considered to be less risky than BIOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIAGX | BIOPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 6.14% | -2.32% |
Volatility (6M)Calculated over the trailing 6-month period | 12.76% | 16.59% | -3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.80% | 21.56% | -5.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.33% | 27.17% | +20.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.35% | 25.04% | +11.31% |
BIAGX vs. BIOPX - Expense Ratio Comparison
BIAGX has a 0.81% expense ratio, which is lower than BIOPX's 1.31% expense ratio.
Dividends
BIAGX vs. BIOPX - Dividend Comparison
BIAGX's dividend yield for the trailing twelve months is around 81.18%, more than BIOPX's 4.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAGX Brown Advisory Growth Equity Fund | 81.18% | 86.50% | 91.52% | 6.80% | 7.75% | 13.04% | 4.95% | 9.82% | 12.64% | 8.09% | 9.13% | 6.59% |
BIOPX Baron Opportunity Fund | 4.09% | 4.24% | 4.95% | 0.00% | 0.00% | 8.71% | 6.96% | 7.33% | 5.29% | 15.58% | 13.52% | 10.92% |
Frequently Asked Questions
BIAGX and BIOPX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIOPX has higher volatility (6.14%) compared to BIAGX (3.82%). In terms of maximum drawdown, BIAGX dropped -56.68% vs BIOPX's -67.91%.
BIOPX currently has the higher Sharpe Ratio (0.50 vs -0.14), 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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