BRIIX vs. VRTPX

Last updated Apr 1, 2026

Compare and contrast key facts about Baron Real Estate Income Fund (BRIIX) and Vanguard Real Estate II Index Fund (VRTPX).

BRIIX is managed by Baron Capital Group, Inc.. It was launched on Dec 29, 2017. VRTPX is managed by Vanguard. It was launched on Sep 26, 2017.

Performance

BRIIX vs. VRTPX - Performance Comparison

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

BRIIX vs. VRTPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BRIIX Baron Real Estate Income Fund	-0.64%	3.73%	17.32%	15.52%	-27.49%	29.29%	22.32%	36.54%	-11.02%
VRTPX Vanguard Real Estate II Index Fund	-0.21%	2.22%	3.72%	13.17%	-26.14%	40.37%	-4.65%	28.96%	-5.99%

Returns By Period

In the year-to-date period, BRIIX achieves a -0.64% return, which is significantly lower than VRTPX's -0.21% return.

BRIIX

• 1D: 0.06%
• 1M: -6.64%
• YTD: -0.64%
• 6M: -1.04%
• 1Y: 4.09%
• 3Y*: 10.08%
• 5Y*: 4.01%
• 10Y*: —

VRTPX

• 1D: 0.38%
• 1M: -7.71%
• YTD: -0.21%
• 6M: -2.58%
• 1Y: 0.37%
• 3Y*: 5.57%
• 5Y*: 2.69%
• 10Y*: —

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

BRIIX vs. VRTPX - Expense Ratio Comparison

BRIIX has a 1.08% expense ratio, which is higher than VRTPX's 0.08% expense ratio.

BRIIX

Baron Real Estate Income Fund

VRTPX

Vanguard Real Estate II Index Fund

Return for Risk

BRIIX vs. VRTPX — Risk / Return Rank

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

BRIIX

BRIIX Risk / Return Rank: 13
BRIIX Sharpe Ratio Rank: 13
BRIIX Sortino Ratio Rank: 12
BRIIX Omega Ratio Rank: 12
BRIIX Calmar Ratio Rank: 14
BRIIX Martin Ratio Rank: 16

VRTPX

VRTPX Risk / Return Rank: 7
VRTPX Sharpe Ratio Rank: 7
VRTPX Sortino Ratio Rank: 6
VRTPX Omega Ratio Rank: 6
VRTPX Calmar Ratio Rank: 8
VRTPX Martin Ratio Rank: 8

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. VRTPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Real Estate Income Fund (BRIIX) and Vanguard Real Estate II Index Fund (VRTPX). 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	VRTPX	Difference
Sharpe ratio Return per unit of total volatility	0.31	0.08	+0.23
Sortino ratio Return per unit of downside risk	0.52	0.22	+0.31
Omega ratio Gain probability vs. loss probability	1.07	1.03	+0.04
Calmar ratio Return relative to maximum drawdown	0.37	0.09	+0.27
Martin ratio Return relative to average drawdown	1.62	0.37	+1.26
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. VRTPX - Sharpe Ratio Comparison

The current BRIIX Sharpe Ratio is 0.31, which is higher than the VRTPX Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of BRIIX and VRTPX, 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	VRTPX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	0.08	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.14	+0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.21	+0.20

Correlation

The correlation between BRIIX and VRTPX is 0.92, 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.

Dividends

BRIIX vs. VRTPX - Dividend Comparison

BRIIX's dividend yield for the trailing twelve months is around 1.63%, less than VRTPX's 3.91% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRIIX Baron Real Estate Income Fund	1.63%	1.70%	1.39%	1.95%	2.00%	1.21%	0.77%	1.12%	3.03%	0.00%
VRTPX Vanguard Real Estate II Index Fund	3.91%	2.79%	3.80%	3.93%	4.52%	2.58%	3.92%	3.50%	4.77%	1.32%

Drawdowns

BRIIX vs. VRTPX - Drawdown Comparison

The maximum BRIIX drawdown since its inception was -37.06%, smaller than the maximum VRTPX drawdown of -42.33%. Use the drawdown chart below to compare losses from any high point for BRIIX and VRTPX.

Drawdown Indicators

	BRIIX	VRTPX	Difference
Max Drawdown Largest peak-to-trough decline	-37.06%	-42.33%	+5.27%
Max Drawdown (1Y) Largest decline over 1 year	-12.70%	-12.41%	-0.29%
Max Drawdown (5Y) Largest decline over 5 years	-32.86%	-34.35%	+1.49%
Current Drawdown Current decline from peak	-7.55%	-11.56%	+4.01%
Average Drawdown Average peak-to-trough decline	-8.75%	-11.55%	+2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.87%	3.15%	-0.28%

Volatility

BRIIX vs. VRTPX - Volatility Comparison

Baron Real Estate Income Fund (BRIIX) and Vanguard Real Estate II Index Fund (VRTPX) have volatilities of 4.31% and 4.15%, 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

	BRIIX	VRTPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	4.15%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	8.88%	9.12%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	15.88%	16.32%	-0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.32%	18.89%	-0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	21.92%	-1.20%