BPTRX vs. BPTIX

Last updated Apr 2, 2026

Compare and contrast key facts about Baron Partners Fund (BPTRX) and Baron Partners Fund Institutional Class (BPTIX).

BPTRX is managed by Baron Capital Group, Inc.. It was launched on Apr 30, 2003. BPTIX is managed by Baron Capital Group.

Performance

BPTRX vs. BPTIX - Performance Comparison

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

BPTRX vs. BPTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BPTRX Baron Partners Fund	-5.39%	24.54%	32.75%	43.09%	-42.53%	31.35%	148.81%	44.99%	-2.01%	31.54%
BPTIX Baron Partners Fund Institutional Class	-5.33%	24.86%	33.09%	43.47%	-42.39%	31.69%	149.45%	47.29%	-1.75%	31.91%

Returns By Period

The year-to-date returns for both investments are quite close, with BPTRX having a -5.39% return and BPTIX slightly higher at -5.33%. Both investments have delivered pretty close results over the past 10 years, with BPTRX having a 23.66% annualized return and BPTIX not far ahead at 24.15%.

BPTRX

• 1D: 2.10%
• 1M: -5.26%
• YTD: -5.39%
• 6M: 11.85%
• 1Y: 41.12%
• 3Y*: 21.98%
• 5Y*: 10.95%
• 10Y*: 23.66%

BPTIX

• 1D: 2.10%
• 1M: -5.25%
• YTD: -5.33%
• 6M: 11.99%
• 1Y: 41.48%
• 3Y*: 22.29%
• 5Y*: 11.24%
• 10Y*: 24.15%

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

BPTRX vs. BPTIX - Expense Ratio Comparison

BPTRX has a 1.36% expense ratio, which is lower than BPTIX's 1.99% expense ratio.

BPTIX

Baron Partners Fund Institutional Class

BPTRX

Baron Partners Fund

Return for Risk

BPTRX vs. BPTIX — Risk / Return Rank

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

BPTRX

BPTRX Risk / Return Rank: 84
BPTRX Sharpe Ratio Rank: 71
BPTRX Sortino Ratio Rank: 87
BPTRX Omega Ratio Rank: 77
BPTRX Calmar Ratio Rank: 92
BPTRX Martin Ratio Rank: 90

BPTIX

BPTIX Risk / Return Rank: 83
BPTIX Sharpe Ratio Rank: 70
BPTIX Sortino Ratio Rank: 86
BPTIX Omega Ratio Rank: 77
BPTIX Calmar Ratio Rank: 92
BPTIX Martin Ratio Rank: 90

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.

BPTRX vs. BPTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Partners Fund (BPTRX) and Baron Partners Fund Institutional Class (BPTIX). 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.

	BPTRX	BPTIX	Difference
Sharpe ratio Return per unit of total volatility	1.29	1.30	-0.01
Sortino ratio Return per unit of downside risk	2.38	2.40	-0.02
Omega ratio Gain probability vs. loss probability	1.30	1.31	0.00
Calmar ratio Return relative to maximum drawdown	2.85	2.88	-0.03
Martin ratio Return relative to average drawdown	10.35	10.49	-0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BPTRX vs. BPTIX - Sharpe Ratio Comparison

The current BPTRX Sharpe Ratio is 1.29, which is comparable to the BPTIX Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of BPTRX and BPTIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BPTRX	BPTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.29	1.30	-0.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.32	0.33	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.73	0.74	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.73	-0.18

Correlation

The correlation between BPTRX and BPTIX is 1.00, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BPTRX vs. BPTIX - Dividend Comparison

BPTRX's dividend yield for the trailing twelve months is around 3.55%, more than BPTIX's 3.39% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPTRX Baron Partners Fund	3.55%	3.36%	0.76%	0.00%	3.19%	7.72%	3.67%	0.26%	0.00%	0.00%	0.00%	0.35%
BPTIX Baron Partners Fund Institutional Class	3.39%	3.21%	0.73%	0.00%	3.07%	7.46%	3.57%	1.27%	0.00%	0.00%	0.00%	0.62%

Drawdowns

BPTRX vs. BPTIX - Drawdown Comparison

The maximum BPTRX drawdown since its inception was -64.11%, which is greater than BPTIX's maximum drawdown of -51.26%. Use the drawdown chart below to compare losses from any high point for BPTRX and BPTIX.

Drawdown Indicators

	BPTRX	BPTIX	Difference
Max Drawdown Largest peak-to-trough decline	-64.11%	-51.26%	-12.85%
Max Drawdown (1Y) Largest decline over 1 year	-14.79%	-14.78%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-49.87%	-49.72%	-0.15%
Max Drawdown (10Y) Largest decline over 10 years	-51.26%	-51.26%	0.00%
Current Drawdown Current decline from peak	-8.65%	-8.58%	-0.07%
Average Drawdown Average peak-to-trough decline	-13.82%	-10.84%	-2.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.08%	4.06%	+0.02%

Volatility

BPTRX vs. BPTIX - Volatility Comparison

Baron Partners Fund (BPTRX) and Baron Partners Fund Institutional Class (BPTIX) have volatilities of 4.78% and 4.78%, 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

	BPTRX	BPTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.78%	4.78%	0.00%
Volatility (6M) Calculated over the trailing 6-month period	22.21%	22.21%	0.00%
Volatility (1Y) Calculated over the trailing 1-year period	33.35%	33.36%	-0.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.90%	33.89%	+0.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.72%	32.73%	-0.01%