BPTRX vs. RAFGX

Last updated Jun 5, 2026

BPTRX (Baron Partners Fund) and RAFGX (American Funds AMCAP Fund Class R-6) are both Large Cap Growth Equities funds. Over the past 10 years, BPTRX returned 23.95%/yr vs 12.92%/yr for RAFGX. A 0.79 correlation means they provide meaningful diversification when combined. BPTRX charges 1.36%/yr vs 0.33%/yr for RAFGX.

Performance

BPTRX vs. RAFGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Partners Fund (BPTRX) and American Funds AMCAP Fund Class R-6 (RAFGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BPTRX achieves a -1.17% return, which is significantly lower than RAFGX's 5.59% return. Over the past 10 years, BPTRX has outperformed RAFGX with an annualized return of 23.95%, while RAFGX has yielded a comparatively lower 12.92% annualized return.

BPTRX

• 1D: -0.98%
• 1M: 4.39%
• YTD: -1.17%
• 6M: 18.45%
• 1Y: 31.97%
• 3Y*: 22.44%
• 5Y*: 12.59%
• 10Y*: 23.95%

RAFGX

• 1D: -0.83%
• 1M: 2.35%
• YTD: 5.59%
• 6M: 5.26%
• 1Y: 20.67%
• 3Y*: 19.86%
• 5Y*: 9.91%
• 10Y*: 12.92%

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

BPTRX vs. RAFGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BPTRX Baron Partners Fund	-1.17%	24.54%	32.75%	43.09%	-42.53%	31.35%	148.81%	44.99%	-2.01%	31.54%
RAFGX American Funds AMCAP Fund Class R-6	5.59%	18.05%	21.50%	31.47%	-28.42%	24.11%	21.80%	26.76%	-4.08%	22.45%

Correlation

The correlation between BPTRX and RAFGX is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Jan 5, 2010	0.79

Over the past year, the correlation between BPTRX and RAFGX has dropped to 0.55 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

Return for Risk

BPTRX vs. RAFGX — Risk / Return Rank

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

BPTRX

BPTRX Risk / Return Rank: 32
BPTRX Sharpe Ratio Rank: 16
BPTRX Sortino Ratio Rank: 30
BPTRX Omega Ratio Rank: 27
BPTRX Calmar Ratio Rank: 55
BPTRX Martin Ratio Rank: 30

RAFGX

RAFGX Risk / Return Rank: 24
RAFGX Sharpe Ratio Rank: 26
RAFGX Sortino Ratio Rank: 25
RAFGX Omega Ratio Rank: 27
RAFGX Calmar Ratio Rank: 18
RAFGX Martin Ratio Rank: 26

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. RAFGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Partners Fund (BPTRX) and American Funds AMCAP Fund Class R-6 (RAFGX). 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	RAFGX	Difference
Sharpe ratio: Return per unit of total volatility	1.11	1.46	-0.35
Sortino ratio: Return per unit of downside risk	2.30	2.06	+0.23
Omega ratio: Gain probability vs. loss probability	1.27	1.27	+0.01
Calmar ratio: Return relative to maximum drawdown	2.86	1.51	+1.35
Martin ratio: Return relative to average drawdown	6.97	6.13	+0.84
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. RAFGX - Sharpe Ratio Comparison

The current BPTRX Sharpe Ratio is 1.11, which is comparable to the RAFGX Sharpe Ratio of 1.46. The chart below compares the historical Sharpe Ratios of BPTRX and RAFGX, 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

	BPTRX	RAFGX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	1.46	-0.35
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	0.52	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	0.69	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.74	-0.19

Drawdowns

BPTRX vs. RAFGX - Drawdown Comparison

The maximum BPTRX drawdown since its inception was -64.11%, which is greater than RAFGX's maximum drawdown of -35.07%. Use the drawdown chart below to compare losses from any high point for BPTRX and RAFGX.

Drawdown Indicators

	BPTRX	RAFGX	Difference
Max Drawdown Largest peak-to-trough decline	-64.11%	-35.07%	-29.04%
Max Drawdown (1Y) Largest decline over 1 year	-10.71%	-14.12%	+3.41%
Max Drawdown (3Y) Largest decline over 3 years	-33.34%	-19.67%	-13.67%
Max Drawdown (5Y) Largest decline over 5 years	-49.87%	-35.07%	-14.80%
Max Drawdown (10Y) Largest decline over 10 years	-51.26%	-35.07%	-16.19%
Current Drawdown Current decline from peak	-4.57%	-1.61%	-2.96%
Average Drawdown Average peak-to-trough decline	-13.78%	-5.49%	-8.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.42%	3.47%	+0.95%

Volatility

BPTRX vs. RAFGX - Volatility Comparison

Baron Partners Fund (BPTRX) and American Funds AMCAP Fund Class R-6 (RAFGX) have volatilities of 3.59% and 3.71%, 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	RAFGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	3.71%	-0.12%
Volatility (6M) Calculated over the trailing 6-month period	21.25%	11.42%	+9.83%
Volatility (1Y) Calculated over the trailing 1-year period	27.59%	14.58%	+13.01%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	33.61%	19.25%	+14.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.69%	18.73%	+13.96%

BPTRX vs. RAFGX - Expense Ratio Comparison

BPTRX has a 1.36% expense ratio, which is higher than RAFGX's 0.33% expense ratio.

Dividends

BPTRX vs. RAFGX - Dividend Comparison

BPTRX's dividend yield for the trailing twelve months is around 3.40%, less than RAFGX's 8.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPTRX Baron Partners Fund	3.40%	3.36%	0.76%	0.00%	3.19%	7.72%	3.67%	0.26%	0.00%	0.00%	0.00%	0.35%
RAFGX American Funds AMCAP Fund Class R-6	8.03%	8.47%	8.26%	3.75%	7.36%	5.83%	4.07%	5.10%	8.04%	5.58%	4.09%	8.78%

Frequently Asked Questions

Can I hold both BPTRX and RAFGX in my portfolio?

BPTRX and RAFGX have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BPTRX or RAFGX?

RAFGX has higher volatility (3.71%) compared to BPTRX (3.59%). In terms of maximum drawdown, BPTRX dropped -64.11% vs RAFGX's -35.07%.

Which has better risk-adjusted returns?

RAFGX currently has the higher Sharpe Ratio (1.46 vs 1.11), 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.