BPTIX vs. ADX

Last updated Jun 5, 2026

BPTIX (Baron Partners Fund Institutional Class) and ADX (Adams Diversified Equity Fund, Inc.) are both mutual funds - BPTIX is a Large Cap Growth Equities fund managed by Baron Capital Group, while ADX is a Large Cap Blend Equities fund actively managed by Adams Funds. Over the past 10 years, BPTIX returned 24.44%/yr vs 18.12%/yr for ADX. A 0.73 correlation means they provide meaningful diversification when combined. BPTIX charges 1.99%/yr vs 0.59%/yr for ADX.

Performance

BPTIX vs. ADX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Partners Fund Institutional Class (BPTIX) and Adams Diversified Equity Fund, Inc. (ADX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BPTIX achieves a -1.06% return, which is significantly lower than ADX's 13.11% return. Over the past 10 years, BPTIX has outperformed ADX with an annualized return of 24.44%, while ADX has yielded a comparatively lower 18.12% annualized return.

BPTIX

• 1D: -0.98%
• 1M: 4.41%
• YTD: -1.06%
• 6M: 18.60%
• 1Y: 32.30%
• 3Y*: 22.76%
• 5Y*: 12.88%
• 10Y*: 24.44%

ADX

• 1D: -0.31%
• 1M: 5.36%
• YTD: 13.11%
• 6M: 14.34%
• 1Y: 33.65%
• 3Y*: 29.17%
• 5Y*: 17.19%
• 10Y*: 18.12%

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

BPTIX vs. ADX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BPTIX Baron Partners Fund Institutional Class	-1.06%	24.86%	33.09%	43.47%	-42.39%	31.69%	149.45%	47.29%	-1.75%	31.91%
ADX Adams Diversified Equity Fund, Inc.	13.11%	26.03%	28.31%	31.49%	-19.82%	29.69%	17.28%	36.75%	-3.58%	29.61%

Correlation

The correlation between BPTIX and ADX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Jun 1, 2009	0.73

Over the past year, the correlation between BPTIX and ADX has dropped to 0.47 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

Return for Risk

BPTIX vs. ADX — Risk / Return Rank

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

BPTIX

BPTIX Risk / Return Rank: 33
BPTIX Sharpe Ratio Rank: 16
BPTIX Sortino Ratio Rank: 31
BPTIX Omega Ratio Rank: 28
BPTIX Calmar Ratio Rank: 58
BPTIX Martin Ratio Rank: 31

ADX

ADX Risk / Return Rank: 71
ADX Sharpe Ratio Rank: 69
ADX Sortino Ratio Rank: 67
ADX Omega Ratio Rank: 58
ADX Calmar Ratio Rank: 73
ADX Martin Ratio Rank: 89

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.

BPTIX vs. ADX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Partners Fund Institutional Class (BPTIX) and Adams Diversified Equity Fund, Inc. (ADX). 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.

	BPTIX	ADX	Difference
Sharpe ratio: Return per unit of total volatility	1.12	2.45	-1.32
Sortino ratio: Return per unit of downside risk	2.32	3.44	-1.12
Omega ratio: Gain probability vs. loss probability	1.28	1.42	-0.15
Calmar ratio: Return relative to maximum drawdown	2.91	3.33	-0.41
Martin ratio: Return relative to average drawdown	7.10	17.70	-10.59
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BPTIX vs. ADX - Sharpe Ratio Comparison

The current BPTIX Sharpe Ratio is 1.12, which is lower than the ADX Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of BPTIX and ADX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BPTIX	ADX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	2.45	-1.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	1.00	-0.61
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.75	1.01	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.73	0.10	+0.63

Drawdowns

BPTIX vs. ADX - Drawdown Comparison

The maximum BPTIX drawdown since its inception was -51.26%, smaller than the maximum ADX drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for BPTIX and ADX.

Drawdown Indicators

	BPTIX	ADX	Difference
Max Drawdown Largest peak-to-trough decline	-51.26%	-71.60%	+20.34%
Max Drawdown (1Y) Largest decline over 1 year	-10.64%	-10.16%	-0.48%
Max Drawdown (3Y) Largest decline over 3 years	-33.29%	-18.29%	-15.00%
Max Drawdown (5Y) Largest decline over 5 years	-49.72%	-25.07%	-24.65%
Max Drawdown (10Y) Largest decline over 10 years	-51.26%	-37.17%	-14.09%
Current Drawdown Current decline from peak	-4.46%	-1.05%	-3.41%
Average Drawdown Average peak-to-trough decline	-10.79%	-23.13%	+12.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	1.91%	+2.47%

Volatility

BPTIX vs. ADX - Volatility Comparison

Baron Partners Fund Institutional Class (BPTIX) and Adams Diversified Equity Fund, Inc. (ADX) have volatilities of 3.59% and 3.70%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BPTIX	ADX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	3.70%	-0.11%
Volatility (6M) Calculated over the trailing 6-month period	21.25%	10.63%	+10.62%
Volatility (1Y) Calculated over the trailing 1-year period	27.60%	13.82%	+13.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.60%	17.30%	+16.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.70%	18.02%	+14.68%

BPTIX vs. ADX - Expense Ratio Comparison

BPTIX has a 1.99% expense ratio, which is higher than ADX's 0.59% expense ratio.

Dividends

BPTIX vs. ADX - Dividend Comparison

BPTIX's dividend yield for the trailing twelve months is around 3.24%, less than ADX's 7.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADX Adams Diversified Equity Fund, Inc.	7.38%	7.93%	12.38%	7.34%	7.36%	15.35%	6.54%	9.00%	15.85%	9.18%	7.79%	7.17%
BPTIX Baron Partners Fund Institutional Class	3.24%	3.21%	0.73%	0.00%	3.07%	7.46%	3.57%	1.27%	0.00%	0.00%	0.00%	0.62%

Frequently Asked Questions

Can I hold both BPTIX and ADX in my portfolio?

BPTIX and ADX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BPTIX or ADX?

ADX has higher volatility (3.70%) compared to BPTIX (3.59%). In terms of maximum drawdown, BPTIX dropped -51.26% vs ADX's -71.60%.

Which has better risk-adjusted returns?

ADX currently has the higher Sharpe Ratio (2.45 vs 1.12), 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.