HLRRX vs. BREFX
Compare and contrast key facts about LDR Real Estate Value Opportunity Fund (HLRRX) and Baron Real Estate Fund Retail Shares (BREFX).
HLRRX is managed by REMSGroup. It was launched on Dec 16, 2002. BREFX is an actively managed fund by Baron Capital. It was launched on Dec 31, 2009.
Performance
HLRRX vs. BREFX - Performance Comparison
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HLRRX vs. BREFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HLRRX LDR Real Estate Value Opportunity Fund | 5.63% | -9.13% | 9.45% | 10.50% | -21.40% | 40.50% | -3.78% | 31.75% | -13.63% | -1.24% |
BREFX Baron Real Estate Fund Retail Shares | -5.46% | 4.91% | 12.19% | 24.70% | -28.62% | 24.09% | 43.92% | 44.27% | -22.23% | 31.06% |
Returns By Period
In the year-to-date period, HLRRX achieves a 5.63% return, which is significantly higher than BREFX's -5.46% return. Over the past 10 years, HLRRX has underperformed BREFX with an annualized return of 4.18%, while BREFX has yielded a comparatively higher 10.29% annualized return.
HLRRX
- 1D
- 1.81%
- 1M
- -3.72%
- YTD
- 5.63%
- 6M
- 2.34%
- 1Y
- 0.20%
- 3Y*
- 5.28%
- 5Y*
- 2.02%
- 10Y*
- 4.18%
BREFX
- 1D
- 2.62%
- 1M
- -6.46%
- YTD
- -5.46%
- 6M
- -6.99%
- 1Y
- 6.08%
- 3Y*
- 9.05%
- 5Y*
- 1.69%
- 10Y*
- 10.29%
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HLRRX vs. BREFX - Expense Ratio Comparison
HLRRX has a 1.14% expense ratio, which is lower than BREFX's 1.31% expense ratio.
Return for Risk
HLRRX vs. BREFX — Risk / Return Rank
HLRRX
BREFX
HLRRX vs. BREFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for LDR Real Estate Value Opportunity Fund (HLRRX) and Baron Real Estate Fund Retail Shares (BREFX). 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.
| HLRRX | BREFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.03 | 0.32 | -0.29 |
Sortino ratioReturn per unit of downside risk | 0.15 | 0.60 | -0.45 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.07 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.08 | 0.55 | -0.47 |
Martin ratioReturn relative to average drawdown | 0.20 | 1.59 | -1.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HLRRX | BREFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.03 | 0.32 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.12 | 0.08 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.49 | -0.29 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.60 | -0.28 |
Correlation
The correlation between HLRRX and BREFX 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.
Dividends
HLRRX vs. BREFX - Dividend Comparison
HLRRX's dividend yield for the trailing twelve months is around 7.60%, more than BREFX's 3.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HLRRX LDR Real Estate Value Opportunity Fund | 7.60% | 9.39% | 4.93% | 5.50% | 13.71% | 17.02% | 9.10% | 2.44% | 2.68% | 17.61% | 15.94% | 10.13% |
BREFX Baron Real Estate Fund Retail Shares | 3.85% | 3.64% | 0.16% | 0.06% | 2.94% | 8.17% | 6.27% | 13.89% | 12.04% | 4.77% | 0.35% | 1.98% |
Drawdowns
HLRRX vs. BREFX - Drawdown Comparison
The maximum HLRRX drawdown since its inception was -62.78%, which is greater than BREFX's maximum drawdown of -38.52%. Use the drawdown chart below to compare losses from any high point for HLRRX and BREFX.
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Drawdown Indicators
| HLRRX | BREFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.78% | -38.52% | -24.26% |
Max Drawdown (1Y)Largest decline over 1 year | -11.74% | -12.87% | +1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -28.99% | -34.05% | +5.06% |
Max Drawdown (10Y)Largest decline over 10 years | -48.13% | -38.52% | -9.61% |
Current DrawdownCurrent decline from peak | -10.96% | -10.31% | -0.65% |
Average DrawdownAverage peak-to-trough decline | -8.52% | -7.72% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 4.43% | -0.09% |
Volatility
HLRRX vs. BREFX - Volatility Comparison
The current volatility for LDR Real Estate Value Opportunity Fund (HLRRX) is 4.14%, while Baron Real Estate Fund Retail Shares (BREFX) has a volatility of 6.16%. This indicates that HLRRX experiences smaller price fluctuations and is considered to be less risky than BREFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HLRRX | BREFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 6.16% | -2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 8.92% | 11.92% | -3.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.60% | 20.02% | -4.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.57% | 20.71% | -3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.81% | 21.16% | -0.35% |