BSCFX vs. SPY
Compare and contrast key facts about Baron Small Cap Fund (BSCFX) and SPDR S&P 500 ETF (SPY).
BSCFX is managed by Baron Capital Group, Inc.. It was launched on Sep 30, 1997. 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: BSCFX or SPY.
Key characteristics
BSCFX | SPY | |
---|---|---|
YTD Return | 7.70% | 11.74% |
1Y Return | 27.90% | 28.12% |
3Y Return (Ann) | 2.06% | 10.36% |
5Y Return (Ann) | 10.64% | 14.97% |
10Y Return (Ann) | 10.53% | 12.97% |
Sharpe Ratio | 1.59 | 2.56 |
Daily Std Dev | 18.06% | 11.48% |
Max Drawdown | -55.59% | -55.19% |
Current Drawdown | -10.36% | -0.06% |
Correlation
The correlation between BSCFX and SPY is 0.81, 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
BSCFX vs. SPY - Performance Comparison
In the year-to-date period, BSCFX achieves a 7.70% return, which is significantly lower than SPY's 11.74% return. Over the past 10 years, BSCFX has underperformed SPY with an annualized return of 10.53%, while SPY has yielded a comparatively higher 12.97% 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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BSCFX vs. SPY - Expense Ratio Comparison
BSCFX has a 1.29% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BSCFX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Small Cap Fund (BSCFX) 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
BSCFX vs. SPY - Dividend Comparison
BSCFX's dividend yield for the trailing twelve months is around 2.82%, more than SPY's 1.27% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Baron Small Cap Fund | 2.82% | 3.04% | 5.90% | 12.47% | 11.17% | 9.60% | 10.91% | 13.57% | 22.41% | 12.56% | 6.11% | 3.69% |
SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BSCFX vs. SPY - Drawdown Comparison
The maximum BSCFX drawdown since its inception was -55.59%, roughly equal to the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BSCFX and SPY. For additional features, visit the drawdowns tool.
Volatility
BSCFX vs. SPY - Volatility Comparison
Baron Small Cap Fund (BSCFX) has a higher volatility of 4.80% compared to SPDR S&P 500 ETF (SPY) at 3.37%. This indicates that BSCFX'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.