BRIIX vs. BHCHX

Last updated Apr 2, 2026

Compare and contrast key facts about Baron Real Estate Income Fund (BRIIX) and Baron Health Care Fund (BHCHX).

BRIIX is managed by Baron Capital Group, Inc.. It was launched on Dec 29, 2017. BHCHX is managed by Baron Capital Group, Inc.. It was launched on Apr 29, 2018.

Performance

BRIIX vs. BHCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Real Estate Income Fund (BRIIX) and Baron Health Care Fund (BHCHX). The values are adjusted to include any dividend payments, if applicable.

BRIIX vs. BHCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BRIIX Baron Real Estate Income Fund	1.12%	3.73%	17.32%	15.52%	-27.49%	29.29%	22.32%	13.90%
BHCHX Baron Health Care Fund	-6.97%	10.28%	1.55%	6.42%	-16.90%	15.71%	47.71%	18.75%

Returns By Period

In the year-to-date period, BRIIX achieves a 1.12% return, which is significantly higher than BHCHX's -6.97% return.

BRIIX

• 1D: 1.77%
• 1M: -5.14%
• YTD: 1.12%
• 6M: 0.24%
• 1Y: 5.62%
• 3Y*: 10.72%
• 5Y*: 4.00%
• 10Y*: —

BHCHX

• 1D: 3.02%
• 1M: -4.73%
• YTD: -6.97%
• 6M: 3.13%
• 1Y: 7.10%
• 3Y*: 4.81%
• 5Y*: 1.07%
• 10Y*: —

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

BRIIX vs. BHCHX - Expense Ratio Comparison

BRIIX has a 1.08% expense ratio, which is higher than BHCHX's 0.85% expense ratio.

BRIIX

Baron Real Estate Income Fund

BHCHX

Baron Health Care Fund

Return for Risk

BRIIX vs. BHCHX — Risk / Return Rank

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

BRIIX

BRIIX Risk / Return Rank: 14
BRIIX Sharpe Ratio Rank: 12
BRIIX Sortino Ratio Rank: 12
BRIIX Omega Ratio Rank: 11
BRIIX Calmar Ratio Rank: 16
BRIIX Martin Ratio Rank: 20

BHCHX

BHCHX Risk / Return Rank: 9
BHCHX Sharpe Ratio Rank: 9
BHCHX Sortino Ratio Rank: 9
BHCHX Omega Ratio Rank: 8
BHCHX Calmar Ratio Rank: 11
BHCHX Martin Ratio Rank: 9

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.

BRIIX vs. BHCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Real Estate Income Fund (BRIIX) and Baron Health Care Fund (BHCHX). 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.

	BRIIX	BHCHX	Difference
Sharpe ratio Return per unit of total volatility	0.37	0.30	+0.08
Sortino ratio Return per unit of downside risk	0.61	0.54	+0.07
Omega ratio Gain probability vs. loss probability	1.08	1.07	+0.01
Calmar ratio Return relative to maximum drawdown	0.53	0.39	+0.14
Martin ratio Return relative to average drawdown	2.34	1.04	+1.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRIIX vs. BHCHX - Sharpe Ratio Comparison

The current BRIIX Sharpe Ratio is 0.37, which is comparable to the BHCHX Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of BRIIX and BHCHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BRIIX	BHCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.37	0.30	+0.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.06	+0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.49	-0.07

Correlation

The correlation between BRIIX and BHCHX is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BRIIX vs. BHCHX - Dividend Comparison

BRIIX's dividend yield for the trailing twelve months is around 1.60%, while BHCHX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
BRIIX Baron Real Estate Income Fund	1.60%	1.70%	1.39%	1.95%	2.00%	1.21%	0.77%	1.12%	3.03%
BHCHX Baron Health Care Fund	0.00%	0.00%	0.49%	0.00%	0.00%	1.41%	0.99%	0.00%	0.00%

Drawdowns

BRIIX vs. BHCHX - Drawdown Comparison

The maximum BRIIX drawdown since its inception was -37.06%, which is greater than BHCHX's maximum drawdown of -28.53%. Use the drawdown chart below to compare losses from any high point for BRIIX and BHCHX.

Drawdown Indicators

	BRIIX	BHCHX	Difference
Max Drawdown Largest peak-to-trough decline	-37.06%	-28.53%	-8.53%
Max Drawdown (1Y) Largest decline over 1 year	-12.70%	-14.24%	+1.54%
Max Drawdown (5Y) Largest decline over 5 years	-32.86%	-28.53%	-4.33%
Current Drawdown Current decline from peak	-5.92%	-11.89%	+5.97%
Average Drawdown Average peak-to-trough decline	-8.75%	-11.05%	+2.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	5.37%	-2.48%

Volatility

BRIIX vs. BHCHX - Volatility Comparison

The current volatility for Baron Real Estate Income Fund (BRIIX) is 4.77%, while Baron Health Care Fund (BHCHX) has a volatility of 6.58%. This indicates that BRIIX experiences smaller price fluctuations and is considered to be less risky than BHCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRIIX	BHCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.77%	6.58%	-1.81%
Volatility (6M) Calculated over the trailing 6-month period	9.05%	10.85%	-1.80%
Volatility (1Y) Calculated over the trailing 1-year period	15.94%	17.94%	-2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.33%	16.90%	+1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	19.77%	+0.95%