BIGFX vs. BDAFX

Last updated Aug 4, 2026

BIGFX (Baron International Growth Fund) and BDAFX (Baron Durable Advantage Fund Retail Shares) are both mutual funds - BIGFX is a Foreign Large Cap Equities fund managed by Baron Capital, while BDAFX is a Large Cap Growth Equities fund actively managed by Baron Capital. Over the past 5 years, BIGFX returned 1.29%/yr vs 12.91%/yr for BDAFX. Their 0.76 correlation means they have sometimes moved together and sometimes differently. BIGFX charges 1.20%/yr vs 0.95%/yr for BDAFX.

Performance

BIGFX vs. BDAFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron International Growth Fund (BIGFX) and Baron Durable Advantage Fund Retail Shares (BDAFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIGFX achieves a 9.27% return, which is significantly higher than BDAFX's 5.64% return.

BIGFX

• 1D: -0.06%
• 1M: -2.24%
• 6M: 4.53%
• YTD: 9.27%
• 1Y: 14.84%
• 3Y*: 10.18%
• 5Y*: 1.29%
• 10Y*: 8.04%
• ALL TIME*: 9.31%

BDAFX

• 1D: 2.97%
• 1M: 2.45%
• 6M: 3.09%
• YTD: 5.64%
• 1Y: 11.08%
• 3Y*: 19.10%
• 5Y*: 12.91%
• 10Y*: —
• ALL TIME*: 17.93%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BDAFX Baron Durable Advantage Fund Retail Shares	$0.00	$0.00	$0.00
BIGFX Baron International Growth Fund	$0.00	$0.00	$0.00

BIGFX vs. BDAFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BIGFX Baron International Growth Fund	9.27%	20.80%	4.11%	7.33%	-27.47%	9.63%	30.52%	14.75%
BDAFX Baron Durable Advantage Fund Retail Shares	5.64%	16.25%	26.87%	45.11%	-24.99%	31.79%	20.11%	27.13%

Correlation

The correlation between BIGFX and BDAFX is 0.76, 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.	0.76
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.75
Correlation (All Time) Calculated using the full available price history since Feb 19, 2019	0.76

The correlation between BIGFX and BDAFX has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.

Return for Risk

BIGFX vs. BDAFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BIGFX

BIGFX Risk / Return Rank: 21
BIGFX Sharpe Ratio Rank: 20
BIGFX Sortino Ratio Rank: 20
BIGFX Omega Ratio Rank: 21
BIGFX Calmar Ratio Rank: 22
BIGFX Martin Ratio Rank: 23

BDAFX

BDAFX Risk / Return Rank: 12
BDAFX Sharpe Ratio Rank: 12
BDAFX Sortino Ratio Rank: 12
BDAFX Omega Ratio Rank: 12
BDAFX Calmar Ratio Rank: 11
BDAFX Martin Ratio Rank: 14

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BIGFX vs. BDAFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron International Growth Fund (BIGFX) and Baron Durable Advantage Fund Retail Shares (BDAFX). 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.

	BIGFX	BDAFX	Difference
Sharpe ratio: Return per unit of total volatility	0.79	0.51	+0.28
Sortino ratio: Return per unit of downside risk	1.20	0.83	+0.37
Omega ratio: Gain probability vs. loss probability	1.15	1.10	+0.05
Calmar ratio: Return relative to maximum drawdown	1.11	0.61	+0.50
Martin ratio: Return relative to average drawdown	3.47	2.14	+1.33

BIGFX vs. BDAFX - Sharpe Ratio Comparison

The current BIGFX Sharpe Ratio is 0.79, which is higher than the BDAFX Sharpe Ratio of 0.51. The chart below compares the historical Sharpe Ratios of BIGFX and BDAFX, 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

BIGFX vs. BDAFX - Drawdown Comparison

The maximum BIGFX drawdown since its inception was -41.12%, which is greater than BDAFX's maximum drawdown of -33.59%. Use the drawdown chart below to compare losses from any high point for BIGFX and BDAFX.

Drawdown Indicators

	BIGFX	BDAFX	Difference
Max Drawdown Largest peak-to-trough decline	-41.12%	-33.59%	-7.53%
Max Drawdown (1Y) Largest decline over 1 year	-12.71%	-14.85%	+2.14%
Max Drawdown (3Y) Largest decline over 3 years	-15.28%	-21.82%	+6.54%
Max Drawdown (5Y) Largest decline over 5 years	-41.12%	-30.44%	-10.68%
Max Drawdown (10Y) Largest decline over 10 years	-41.12%	—	—
Current Drawdown Current decline from peak	-4.26%	-1.25%	-3.01%
Average Drawdown Average peak-to-trough decline	-9.97%	-5.81%	-4.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	4.19%	-0.14%

Volatility

BIGFX vs. BDAFX - Volatility Comparison

The current volatility for Baron International Growth Fund (BIGFX) is 5.08%, while Baron Durable Advantage Fund Retail Shares (BDAFX) has a volatility of 5.68%. This indicates that BIGFX experiences smaller price fluctuations and is considered to be less risky than BDAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIGFX	BDAFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.08%	5.68%	-0.60%
Volatility (6M) Calculated over the trailing 6-month period	15.45%	13.95%	+1.50%
Volatility (1Y) Calculated over the trailing 1-year period	17.84%	17.59%	+0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	20.53%	-3.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.19%	21.94%	-4.75%

BIGFX vs. BDAFX - Expense Ratio Comparison

BIGFX has a 1.20% expense ratio, which is higher than BDAFX's 0.95% expense ratio.

Dividends

BIGFX vs. BDAFX - Dividend Comparison

BIGFX's dividend yield for the trailing twelve months is around 0.78%, while BDAFX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BDAFX Baron Durable Advantage Fund Retail Shares	0.00%	0.00%	0.01%	0.00%	0.00%	0.33%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%
BIGFX Baron International Growth Fund	0.78%	0.85%	0.80%	0.35%	1.25%	5.24%	0.02%	0.08%	3.56%	3.54%	0.93%	0.62%

Frequently Asked Questions

Can I hold both BIGFX and BDAFX in my portfolio?

BIGFX and BDAFX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIGFX or BDAFX?

BDAFX has higher volatility (5.68%) compared to BIGFX (5.08%). In terms of maximum drawdown, BIGFX dropped -41.12% vs BDAFX's -33.59%.

Which has better risk-adjusted returns?

BIGFX currently has the higher Sharpe Ratio (0.79 vs 0.51), 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.