BIOPX vs. BIAGX
BIOPX (Baron Opportunity Fund) and BIAGX (Brown Advisory Growth Equity Fund) are both Large Cap Growth Equities funds. Over the past 10 years, BIOPX returned 20.44%/yr vs 12.99%/yr for BIAGX. Their correlation of 0.87 means they have usually moved in the same direction. BIOPX charges 1.31%/yr vs 0.81%/yr for BIAGX.
Performance
BIOPX vs. BIAGX - Performance Comparison
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Returns By Period
In the year-to-date period, BIOPX achieves a 4.61% return, which is significantly lower than BIAGX's 7.78% return. Over the past 10 years, BIOPX has outperformed BIAGX with an annualized return of 20.44%, while BIAGX has yielded a comparatively lower 12.99% annualized return.
BIOPX
- 1D
- 0.93%
- 1M
- -7.43%
- 6M
- 8.70%
- YTD
- 4.61%
- 1Y
- 14.22%
- 3Y*
- 22.85%
- 5Y*
- 8.78%
- 10Y*
- 20.44%
- ALL TIME*
- 10.34%
BIAGX
- 1D
- 1.15%
- 1M
- -2.22%
- 6M
- 12.40%
- YTD
- 7.78%
- 1Y
- 1.03%
- 3Y*
- 10.47%
- 5Y*
- 2.53%
- 10Y*
- 12.99%
- ALL TIME*
- 7.75%
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 |
BIOPX vs. BIAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIOPX Baron Opportunity Fund | 4.61% | 19.44% | 39.87% | 49.55% | -42.96% | 11.90% | 88.78% | 40.34% | 8.06% | 40.58% |
BIAGX Brown Advisory Growth Equity Fund | 7.78% | 0.61% | 16.60% | 33.90% | -33.60% | 18.56% | 32.41% | 47.97% | 4.66% | 30.37% |
Correlation
The correlation between BIOPX and BIAGX is 0.82, 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. | 0.82 |
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 BIOPX and BIAGX has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.
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Return for Risk
BIOPX vs. BIAGX — Risk / Return Rank
BIOPX
BIAGX
BIOPX vs. BIAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Opportunity Fund (BIOPX) and Brown Advisory Growth Equity Fund (BIAGX). 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.
| BIOPX | BIAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.01 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.82 | -0.04 | +0.86 |
| Martin ratioReturn relative to average drawdown | 2.28 | -0.09 | +2.37 |
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Drawdowns
BIOPX vs. BIAGX - Drawdown Comparison
The maximum BIOPX drawdown since its inception was -67.91%, which is greater than BIAGX's maximum drawdown of -56.68%. Use the drawdown chart below to compare losses from any high point for BIOPX and BIAGX.
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Drawdown Indicators
| BIOPX | BIAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.91% | -56.68% | -11.23% |
Max Drawdown (1Y)Largest decline over 1 year | -14.31% | -20.12% | +5.81% |
Max Drawdown (3Y)Largest decline over 3 years | -26.34% | -56.68% | +30.34% |
Max Drawdown (5Y)Largest decline over 5 years | -51.45% | -56.68% | +5.23% |
Max Drawdown (10Y)Largest decline over 10 years | -51.45% | -56.68% | +5.23% |
Current DrawdownCurrent decline from peak | -11.74% | -43.56% | +31.82% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -15.16% | -1.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 8.27% | -3.12% |
Volatility
BIOPX vs. BIAGX - Volatility Comparison
Baron Opportunity Fund (BIOPX) has a higher volatility of 6.19% compared to Brown Advisory Growth Equity Fund (BIAGX) at 3.89%. This indicates that BIOPX's price experiences larger fluctuations and is considered to be riskier than BIAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIOPX | BIAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 3.89% | +2.30% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 12.75% | +3.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 15.84% | +5.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.16% | 47.32% | -20.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.04% | 36.35% | -11.31% |
BIOPX vs. BIAGX - Expense Ratio Comparison
BIOPX has a 1.31% expense ratio, which is higher than BIAGX's 0.81% expense ratio.
Dividends
BIOPX vs. BIAGX - Dividend Comparison
BIOPX's dividend yield for the trailing twelve months is around 4.05%, less than BIAGX's 80.26% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAGX Brown Advisory Growth Equity Fund | 80.26% | 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 | 4.05% | 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
BIOPX and BIAGX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIOPX has higher volatility (6.19%) compared to BIAGX (3.89%). In terms of maximum drawdown, BIOPX dropped -67.91% vs BIAGX's -56.68%.
BIOPX currently has the higher Sharpe Ratio (0.54 vs -0.05), 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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