BPTIX vs. BGRFX
BPTIX (Baron Partners Fund Institutional Class) and BGRFX (Baron Growth Fund) are both mutual funds - BPTIX is a Large Cap Growth Equities fund managed by Baron Capital, while BGRFX is a Mid Cap Growth Equities fund managed by Baron Capital. Over the past 10 years, BPTIX returned 23.45%/yr vs 7.24%/yr for BGRFX. Their 0.80 correlation means they have sometimes moved together and sometimes differently. BPTIX charges 1.99%/yr vs 1.29%/yr for BGRFX.
Performance
BPTIX vs. BGRFX - Performance Comparison
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Returns By Period
In the year-to-date period, BPTIX achieves a -3.44% return, which is significantly higher than BGRFX's -7.22% return. Over the past 10 years, BPTIX has outperformed BGRFX with an annualized return of 23.45%, while BGRFX has yielded a comparatively lower 7.24% annualized return.
BPTIX
- 1D
- -2.14%
- 1M
- -12.59%
- 6M
- 0.04%
- YTD
- -3.44%
- 1Y
- 28.88%
- 3Y*
- 16.33%
- 5Y*
- 10.65%
- 10Y*
- 23.45%
- ALL TIME*
- 20.60%
BGRFX
- 1D
- -4.18%
- 1M
- 2.01%
- 6M
- -4.70%
- YTD
- -7.22%
- 1Y
- -14.10%
- 3Y*
- -5.92%
- 5Y*
- -4.58%
- 10Y*
- 7.24%
- ALL TIME*
- 9.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BGRFX Baron Growth Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
BPTIX vs. BGRFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BPTIX Baron Partners Fund Institutional Class | -3.44% | 24.86% | 33.09% | 43.47% | -42.39% | 31.69% | 149.45% | 47.29% | -1.75% | 31.91% |
BGRFX Baron Growth Fund | -7.22% | -14.51% | 4.62% | 14.68% | -22.55% | 19.82% | 32.77% | 40.18% | -2.93% | 27.14% |
Correlation
The correlation between BPTIX and BGRFX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.65 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.72 |
Correlation (All Time) Calculated using the full available price history since May 29, 2009 | 0.80 |
Over the past year, the correlation between BPTIX and BGRFX has dropped to 0.48 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
BPTIX vs. BGRFX — Risk / Return Rank
BPTIX
BGRFX
BPTIX vs. BGRFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Partners Fund Institutional Class (BPTIX) and Baron Growth Fund (BGRFX). 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.
| BPTIX | BGRFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.54 | ||
| Sortino ratioReturn per unit of downside risk | +2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 0.90 | +0.32 |
| Calmar ratioReturn relative to maximum drawdown | 1.32 | -0.63 | +1.96 |
| Martin ratioReturn relative to average drawdown | 4.30 | -1.06 | +5.36 |
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Drawdowns
BPTIX vs. BGRFX - Drawdown Comparison
The maximum BPTIX drawdown since its inception was -51.26%, smaller than the maximum BGRFX drawdown of -56.10%. Use the drawdown chart below to compare losses from any high point for BPTIX and BGRFX.
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Drawdown Indicators
| BPTIX | BGRFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.26% | -56.10% | +4.84% |
Max Drawdown (1Y)Largest decline over 1 year | -19.57% | -24.67% | +5.10% |
Max Drawdown (3Y)Largest decline over 3 years | -33.29% | -33.03% | -0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -49.72% | -35.02% | -14.70% |
Max Drawdown (10Y)Largest decline over 10 years | -51.26% | -41.14% | -10.12% |
Current DrawdownCurrent decline from peak | -18.13% | -27.48% | +9.35% |
Average DrawdownAverage peak-to-trough decline | -10.78% | -8.95% | -1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 14.71% | -8.70% |
Volatility
BPTIX vs. BGRFX - Volatility Comparison
The current volatility for Baron Partners Fund Institutional Class (BPTIX) is 7.29%, while Baron Growth Fund (BGRFX) has a volatility of 10.92%. This indicates that BPTIX experiences smaller price fluctuations and is considered to be less risky than BGRFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BPTIX | BGRFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.29% | 10.92% | -3.63% |
Volatility (6M)Calculated over the trailing 6-month period | 19.10% | 19.46% | -0.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.34% | 22.83% | +7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 34.24% | 20.91% | +13.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 32.94% | 21.46% | +11.48% |
BPTIX vs. BGRFX - Expense Ratio Comparison
BPTIX has a 1.99% expense ratio, which is higher than BGRFX's 1.29% expense ratio.
Dividends
BPTIX vs. BGRFX - Dividend Comparison
BPTIX's dividend yield for the trailing twelve months is around 3.32%, less than BGRFX's 22.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRFX Baron Growth Fund | 22.54% | 20.91% | 12.05% | 1.79% | 6.02% | 7.73% | 4.64% | 3.68% | 8.38% | 11.68% | 12.84% | 9.53% |
BPTIX Baron Partners Fund Institutional Class | 3.32% | 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
BPTIX and BGRFX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGRFX has higher volatility (10.92%) compared to BPTIX (7.29%). In terms of maximum drawdown, BPTIX dropped -51.26% vs BGRFX's -56.10%.
BPTIX currently has the higher Sharpe Ratio (0.85 vs -0.68), 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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