BREIX vs. SPY
Compare and contrast key facts about Baron Real Estate Fund (BREIX) and SPDR S&P 500 ETF (SPY).
BREIX is managed by Baron Capital Group, Inc.. It was launched on Dec 31, 2009. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BREIX or SPY.
Correlation
The correlation between BREIX and SPY is 0.83, 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.
Performance
BREIX vs. SPY - Performance Comparison
Key characteristics
BREIX:
0.53
SPY:
2.03
BREIX:
0.84
SPY:
2.71
BREIX:
1.10
SPY:
1.38
BREIX:
0.49
SPY:
3.02
BREIX:
1.98
SPY:
13.49
BREIX:
4.84%
SPY:
1.88%
BREIX:
18.05%
SPY:
12.48%
BREIX:
-42.73%
SPY:
-55.19%
BREIX:
-10.14%
SPY:
-3.54%
Returns By Period
In the year-to-date period, BREIX achieves a 9.47% return, which is significantly lower than SPY's 24.51% return. Over the past 10 years, BREIX has underperformed SPY with an annualized return of 4.33%, while SPY has yielded a comparatively higher 12.94% annualized return.
BREIX
9.47%
-5.54%
11.53%
11.47%
8.26%
4.33%
SPY
24.51%
-0.32%
7.56%
24.63%
14.51%
12.94%
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BREIX vs. SPY - Expense Ratio Comparison
BREIX has a 1.05% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BREIX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Real Estate Fund (BREIX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
BREIX vs. SPY - Dividend Comparison
BREIX's dividend yield for the trailing twelve months is around 0.15%, less than SPY's 0.87% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BREIX Baron Real Estate Fund | 0.15% | 0.43% | 0.08% | 0.00% | 0.05% | 0.42% | 0.34% | 0.00% | 0.28% | 0.04% | 0.33% | 0.15% |
SPY SPDR S&P 500 ETF | 0.87% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BREIX vs. SPY - Drawdown Comparison
The maximum BREIX drawdown since its inception was -42.73%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BREIX and SPY. For additional features, visit the drawdowns tool.
Volatility
BREIX vs. SPY - Volatility Comparison
Baron Real Estate Fund (BREIX) has a higher volatility of 6.10% compared to SPDR S&P 500 ETF (SPY) at 3.61%. This indicates that BREIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.