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.
Key characteristics
| BREIX | SPY | |
|---|---|---|
| YTD Return | 17.26% | 26.83% |
| 1Y Return | 32.52% | 34.88% |
| 3Y Return (Ann) | -0.15% | 10.16% |
| 5Y Return (Ann) | 7.93% | 15.71% |
| 10Y Return (Ann) | 5.41% | 13.33% |
| Sharpe Ratio | 2.10 | 3.08 |
| Sortino Ratio | 2.94 | 4.10 |
| Omega Ratio | 1.36 | 1.58 |
| Calmar Ratio | 1.51 | 4.46 |
| Martin Ratio | 8.40 | 20.22 |
| Ulcer Index | 4.70% | 1.85% |
| Daily Std Dev | 18.78% | 12.18% |
| Max Drawdown | -42.73% | -55.19% |
| Current Drawdown | -2.19% | -0.26% |
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
In the year-to-date period, BREIX achieves a 17.26% return, which is significantly lower than SPY's 26.83% return. Over the past 10 years, BREIX has underperformed SPY with an annualized return of 5.41%, while SPY has yielded a comparatively higher 13.33% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 0.38%, less than SPY's 1.17% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BREIX Baron Real Estate Fund | 0.38% | 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 | 1.17% | 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 5.48% compared to SPDR S&P 500 ETF (SPY) at 3.77%. 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.