BPTRX vs. FBGX

Last updated Aug 1, 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, while FBGX is a Leveraged Equities fund tracking the Russell 1000 Growth Index (200%). BPTRX is actively managed, while FBGX is passively managed. Their 0.68 correlation means they have sometimes moved together and sometimes differently. 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: -2.14%
• 1M: -12.60%
• 6M: -0.09%
• YTD: -3.59%
• 1Y: 28.55%
• 3Y*: 16.04%
• 5Y*: 10.37%
• 10Y*: 22.97%
• ALL TIME*: 15.49%

FBGX

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

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BPTRX Baron Partners Fund	$0.00	$0.00	$0.00

BPTRX vs. FBGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BPTRX Baron Partners Fund	-3.59%	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 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (3Y) Balances recent behavior with more history.	0.28
Correlation (5Y) Shows whether the relationship held over a longer period.	0.56
Correlation (10Y) Provides a long-term view across more market conditions.	0.65
Correlation (All Time) Calculated using the full available price history since Jun 11, 2014	0.68

The correlation between BPTRX and FBGX shifts across timeframes, from 0.28 (3 years) to 0.68 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BPTRX vs. FBGX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BPTRX

BPTRX Risk / Return Rank: 34
BPTRX Sharpe Ratio Rank: 25
BPTRX Sortino Ratio Rank: 46
BPTRX Omega Ratio Rank: 40
BPTRX Calmar Ratio Rank: 31
BPTRX Martin Ratio Rank: 30

FBGX

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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	0.84	—	—
Sortino ratio: Return per unit of downside risk	1.80	—	—
Omega ratio: Gain probability vs. loss probability	1.21	—	—
Calmar ratio: Return relative to maximum drawdown	1.31	—	—
Martin ratio: Return relative to average drawdown	4.23	—	—

Drawdowns

Drawdown Indicators

	BPTRX	FBGX	Difference
Max Drawdown Largest peak-to-trough decline	-64.11%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-19.60%	—	—
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	-18.16%	—	—
Average Drawdown Average peak-to-trough decline	-13.76%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.04%	—	—

Volatility

Volatility by Period

	BPTRX	FBGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.10%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	30.34%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.24%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.93%	—	—

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 3.49%, 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	3.49%	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 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.