BTECX vs. PRWAX
Compare and contrast key facts about Baron Technology Fund (BTECX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).
BTECX is managed by Baron Capital Group, Inc.. It was launched on Dec 30, 2021. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BTECX or PRWAX.
Key characteristics
| BTECX | PRWAX | |
|---|---|---|
| YTD Return | 21.98% | 20.52% |
| 1Y Return | 40.86% | 29.42% |
| Sharpe Ratio | 1.70 | 2.20 |
| Daily Std Dev | 23.47% | 13.19% |
| Max Drawdown | -43.18% | -57.72% |
| Current Drawdown | -5.69% | -1.37% |
Correlation
The correlation between BTECX and PRWAX is 0.90, 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
BTECX vs. PRWAX - Performance Comparison
In the year-to-date period, BTECX achieves a 21.98% return, which is significantly higher than PRWAX's 20.52% 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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BTECX vs. PRWAX - Expense Ratio Comparison
BTECX has a 0.95% expense ratio, which is higher than PRWAX's 0.76% expense ratio.
Risk-Adjusted Performance
BTECX vs. PRWAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Technology Fund (BTECX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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
BTECX vs. PRWAX - Dividend Comparison
BTECX has not paid dividends to shareholders, while PRWAX's dividend yield for the trailing twelve months is around 4.23%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BTECX Baron Technology Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 4.23% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% | 14.73% | 11.52% |
Drawdowns
BTECX vs. PRWAX - Drawdown Comparison
The maximum BTECX drawdown since its inception was -43.18%, smaller than the maximum PRWAX drawdown of -57.72%. Use the drawdown chart below to compare losses from any high point for BTECX and PRWAX. For additional features, visit the drawdowns tool.
Volatility
BTECX vs. PRWAX - Volatility Comparison
Baron Technology Fund (BTECX) has a higher volatility of 7.56% compared to T. Rowe Price All-Cap Opportunities Fund (PRWAX) at 3.80%. This indicates that BTECX's price experiences larger fluctuations and is considered to be riskier than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.