GAFFX vs. BPTRX

Last updated Jun 20, 2026

GAFFX (American Funds Growth Fund of Amer F3) and BPTRX (Baron Partners Fund) are both Large Cap Growth Equities funds. Over the past 5 years, GAFFX returned 12.32%/yr vs 14.99%/yr for BPTRX. A 0.78 correlation means they provide meaningful diversification when combined. GAFFX charges 0.30%/yr vs 1.36%/yr for BPTRX.

Performance

GAFFX vs. BPTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Funds Growth Fund of Amer F3 (GAFFX) and Baron Partners Fund (BPTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GAFFX achieves a 9.44% return, which is significantly lower than BPTRX's 12.47% return.

GAFFX

• 1D: 1.79%
• 1M: 2.35%
• YTD: 9.44%
• 6M: 9.77%
• 1Y: 25.02%
• 3Y*: 24.02%
• 5Y*: 12.32%
• 10Y*: —

BPTRX

• 1D: -1.26%
• 1M: 15.49%
• YTD: 12.47%
• 6M: 9.60%
• 1Y: 52.92%
• 3Y*: 24.00%
• 5Y*: 14.99%
• 10Y*: 25.50%

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

GAFFX vs. BPTRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GAFFX American Funds Growth Fund of Amer F3	9.44%	20.09%	28.41%	37.68%	-30.54%	19.67%	38.31%	28.57%	-2.89%	20.76%
BPTRX Baron Partners Fund	12.47%	24.54%	32.75%	43.09%	-42.53%	31.35%	148.81%	44.99%	-2.01%	24.55%

Correlation

The correlation between GAFFX and BPTRX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.78

Over the past year, the correlation between GAFFX and BPTRX has dropped to 0.58 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

Return for Risk

GAFFX vs. BPTRX — Risk / Return Rank

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

GAFFX

GAFFX Risk / Return Rank: 32
GAFFX Sharpe Ratio Rank: 34
GAFFX Sortino Ratio Rank: 31
GAFFX Omega Ratio Rank: 33
GAFFX Calmar Ratio Rank: 28
GAFFX Martin Ratio Rank: 33

BPTRX

BPTRX Risk / Return Rank: 74
BPTRX Sharpe Ratio Rank: 48
BPTRX Sortino Ratio Rank: 86
BPTRX Omega Ratio Rank: 74
BPTRX Calmar Ratio Rank: 94
BPTRX Martin Ratio Rank: 69

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.

GAFFX vs. BPTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Funds Growth Fund of Amer F3 (GAFFX) and Baron Partners Fund (BPTRX). 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.

	GAFFX	BPTRX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	1.83	-0.31
Sortino ratio: Return per unit of downside risk	2.09	3.76	-1.67
Omega ratio: Gain probability vs. loss probability	1.28	1.43	-0.15
Calmar ratio: Return relative to maximum drawdown	1.80	4.93	-3.13
Martin ratio: Return relative to average drawdown	6.90	12.04	-5.14

GAFFX vs. BPTRX - Sharpe Ratio Comparison

The current GAFFX Sharpe Ratio is 1.52, which is comparable to the BPTRX Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of GAFFX and BPTRX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GAFFX vs. BPTRX - Drawdown Comparison

The maximum GAFFX drawdown since its inception was -36.19%, smaller than the maximum BPTRX drawdown of -64.11%. Use the drawdown chart below to compare losses from any high point for GAFFX and BPTRX.

Drawdown Indicators

	GAFFX	BPTRX	Difference
Max Drawdown Largest peak-to-trough decline	-36.19%	-64.11%	+27.92%
Max Drawdown (1Y) Largest decline over 1 year	-13.71%	-10.71%	-3.00%
Max Drawdown (3Y) Largest decline over 3 years	-21.55%	-33.34%	+11.79%
Max Drawdown (5Y) Largest decline over 5 years	-36.19%	-49.87%	+13.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-51.26%	—
Current Drawdown Current decline from peak	-1.03%	-4.52%	+3.49%
Average Drawdown Average peak-to-trough decline	-7.38%	-13.77%	+6.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.57%	4.38%	-0.81%

Volatility

GAFFX vs. BPTRX - Volatility Comparison

The current volatility for American Funds Growth Fund of Amer F3 (GAFFX) is 6.90%, while Baron Partners Fund (BPTRX) has a volatility of 11.09%. This indicates that GAFFX experiences smaller price fluctuations and is considered to be less risky than BPTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GAFFX	BPTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.90%	11.09%	-4.19%
Volatility (6M) Calculated over the trailing 6-month period	13.13%	16.00%	-2.87%
Volatility (1Y) Calculated over the trailing 1-year period	16.28%	28.94%	-12.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.43%	33.94%	-13.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.19%	32.86%	-12.67%

GAFFX vs. BPTRX - Expense Ratio Comparison

GAFFX has a 0.30% expense ratio, which is lower than BPTRX's 1.36% expense ratio.

Dividends

GAFFX vs. BPTRX - Dividend Comparison

GAFFX's dividend yield for the trailing twelve months is around 10.05%, more than BPTRX's 2.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPTRX Baron Partners Fund	2.99%	3.36%	0.76%	0.00%	3.19%	7.72%	3.67%	0.26%	0.00%	0.00%	0.00%	0.35%
GAFFX American Funds Growth Fund of Amer F3	10.05%	11.00%	9.30%	7.71%	4.45%	8.50%	4.58%	7.47%	12.37%	7.36%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GAFFX and BPTRX in my portfolio?

GAFFX and BPTRX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GAFFX or BPTRX?

BPTRX has higher volatility (11.09%) compared to GAFFX (6.90%). In terms of maximum drawdown, GAFFX dropped -36.19% vs BPTRX's -64.11%.

Which has better risk-adjusted returns?

BPTRX currently has the higher Sharpe Ratio (1.83 vs 1.52), 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.