BPTRX vs. FBGX

Last updated Jun 20, 2026

BPTRX (Baron Partners Fund) and FBGX (UBS AG FI Enhanced Large Cap Growth ETN) are both funds - BPTRX is a Large Cap Growth Equities fund actively managed by Baron Capital Group, Inc., while FBGX is a Leveraged Equities fund tracking the Russell 1000 Growth Index (200%). BPTRX is actively managed, while FBGX is passively managed. A 0.69 correlation means they provide meaningful diversification when combined. BPTRX charges 1.36%/yr vs 1.29%/yr for FBGX.

Performance

BPTRX vs. FBGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Partners Fund (BPTRX) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BPTRX

• 1D: -1.26%
• 1M: 14.33%
• YTD: 12.47%
• 6M: 9.60%
• 1Y: 52.92%
• 3Y*: 24.00%
• 5Y*: 14.99%
• 10Y*: 25.50%

FBGX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BPTRX vs. FBGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BPTRX Baron Partners Fund	12.47%	24.54%	32.75%	43.09%	-42.53%	31.35%	148.81%	44.99%	-2.01%	31.54%
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	35.73%	83.74%	-56.41%	57.04%	65.79%	75.84%	-16.58%	64.01%

Correlation

The correlation between BPTRX and FBGX is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.56
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Jun 11, 2014	0.69

The correlation between BPTRX and FBGX shifts across timeframes, from 0.31 (3 years) to 0.69 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BPTRX vs. FBGX — Risk / Return Rank

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

BPTRX

BPTRX Risk / Return Rank: 74
BPTRX Sharpe Ratio Rank: 48
BPTRX Sortino Ratio Rank: 86
BPTRX Omega Ratio Rank: 74
BPTRX Calmar Ratio Rank: 94
BPTRX Martin Ratio Rank: 69

FBGX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. FBGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Partners Fund (BPTRX) and UBS AG FI Enhanced Large Cap Growth ETN (FBGX). 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.

	BPTRX	FBGX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	—	—
Sortino ratio: Return per unit of downside risk	3.76	—	—
Omega ratio: Gain probability vs. loss probability	1.43	—	—
Calmar ratio: Return relative to maximum drawdown	4.93	—	—
Martin ratio: Return relative to average drawdown	12.04	—	—

Drawdowns

Drawdown Indicators

	BPTRX	FBGX	Difference
Max Drawdown Largest peak-to-trough decline	-64.11%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.71%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-33.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-49.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.26%	—	—
Current Drawdown Current decline from peak	-4.52%	—	—
Average Drawdown Average peak-to-trough decline	-13.77%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	—	—

Volatility

Volatility by Period

	BPTRX	FBGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	28.94%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.94%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.86%	—	—

BPTRX vs. FBGX - Expense Ratio Comparison

BPTRX has a 1.36% expense ratio, which is higher than FBGX's 1.29% expense ratio.

Dividends

BPTRX vs. FBGX - Dividend Comparison

BPTRX's dividend yield for the trailing twelve months is around 2.99%, while FBGX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPTRX Baron Partners Fund	2.99%	3.36%	0.76%	0.00%	3.19%	7.72%	3.67%	0.26%	0.00%	0.00%	0.00%	0.35%
FBGX UBS AG FI Enhanced Large Cap Growth ETN	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BPTRX and FBGX in my portfolio?

BPTRX and FBGX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.