BSCFX vs. IJR
BSCFX (Baron Small Cap Fund) and IJR (iShares Core S&P Small-Cap ETF) are both funds - BSCFX is a Small Cap Growth Equities fund managed by Baron Capital Group, Inc., while IJR is a Small Cap Blend Equities fund tracking the S&P SmallCap 600 Index. Over the past 10 years, BSCFX returned 10.46%/yr vs 11.30%/yr for IJR. Their correlation of 0.88 suggests significant overlap in exposure. BSCFX charges 1.29%/yr vs 0.06%/yr for IJR.
Performance
BSCFX vs. IJR - Performance Comparison
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Returns By Period
In the year-to-date period, BSCFX achieves a -2.27% return, which is significantly lower than IJR's 19.34% return. Over the past 10 years, BSCFX has underperformed IJR with an annualized return of 10.46%, while IJR has yielded a comparatively higher 11.30% annualized return.
BSCFX
- 1D
- -0.48%
- 1M
- 1.37%
- YTD
- -2.27%
- 6M
- -4.02%
- 1Y
- -1.04%
- 3Y*
- 7.73%
- 5Y*
- 0.38%
- 10Y*
- 10.46%
IJR
- 1D
- -0.34%
- 1M
- 4.22%
- YTD
- 19.34%
- 6M
- 16.86%
- 1Y
- 34.47%
- 3Y*
- 16.15%
- 5Y*
- 6.29%
- 10Y*
- 11.30%
BSCFX vs. IJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSCFX Baron Small Cap Fund | -2.27% | -0.92% | 13.11% | 26.90% | -31.19% | 15.42% | 40.38% | 34.60% | -7.39% | 27.34% |
IJR iShares Core S&P Small-Cap ETF | 19.34% | 5.89% | 8.63% | 16.06% | -16.20% | 26.58% | 11.28% | 22.82% | -8.51% | 13.15% |
Correlation
The correlation between BSCFX and IJR is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since May 26, 2000 | 0.88 |
The correlation between BSCFX and IJR has been stable across timeframes, ranging from 0.81 to 0.88 - a consistent structural relationship.
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Return for Risk
BSCFX vs. IJR — Risk / Return Rank
BSCFX
IJR
BSCFX vs. IJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Small Cap Fund (BSCFX) and iShares Core S&P Small-Cap ETF (IJR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BSCFX | IJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.95 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.02 | 1.34 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | 0.01 | 3.99 | -3.98 |
| Martin ratioReturn relative to average drawdown | 0.02 | 13.39 | -13.37 |
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Drawdowns
BSCFX vs. IJR - Drawdown Comparison
The maximum BSCFX drawdown since its inception was -55.59%, roughly equal to the maximum IJR drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for BSCFX and IJR.
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Drawdown Indicators
| BSCFX | IJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.59% | -58.15% | +2.56% |
Max Drawdown (1Y)Largest decline over 1 year | -15.00% | -8.68% | -6.32% |
Max Drawdown (3Y)Largest decline over 3 years | -26.91% | -28.02% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -37.94% | -28.02% | -9.92% |
Max Drawdown (10Y)Largest decline over 10 years | -39.58% | -44.36% | +4.78% |
Current DrawdownCurrent decline from peak | -11.32% | -0.43% | -10.89% |
Average DrawdownAverage peak-to-trough decline | -11.08% | -9.26% | -1.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.90% | 2.58% | +3.32% |
Volatility
BSCFX vs. IJR - Volatility Comparison
Baron Small Cap Fund (BSCFX) and iShares Core S&P Small-Cap ETF (IJR) have volatilities of 4.99% and 4.96%, 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.
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Volatility by Period
| BSCFX | IJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.99% | 4.96% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 13.34% | 12.06% | +1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.93% | 17.73% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.38% | 21.40% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.40% | 22.90% | -0.50% |
BSCFX vs. IJR - Expense Ratio Comparison
BSCFX has a 1.29% expense ratio, which is higher than IJR's 0.06% expense ratio.
Dividends
BSCFX vs. IJR - Dividend Comparison
BSCFX's dividend yield for the trailing twelve months is around 9.72%, more than IJR's 1.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCFX Baron Small Cap Fund | 9.72% | 9.50% | 13.96% | 3.04% | 5.90% | 12.47% | 11.17% | 9.60% | 10.91% | 13.57% | 22.41% | 12.56% |
IJR iShares Core S&P Small-Cap ETF | 1.15% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
Frequently Asked Questions
BSCFX and IJR have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BSCFX has higher volatility (4.99%) compared to IJR (4.96%). In terms of maximum drawdown, BSCFX dropped -55.59% vs IJR's -58.15%.
IJR currently has the higher Sharpe Ratio (1.96 vs 0.01), 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.
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