IBGIX vs. BFGIX
IBGIX (VY Baron Growth Portfolio) and BFGIX (Baron Focused Growth Fund Institutional Shares) are both Mid Cap Growth Equities funds. Over the past 10 years, IBGIX returned 14.33%/yr vs 20.58%/yr for BFGIX. Their correlation of 0.85 means they have usually moved in the same direction. IBGIX charges 0.99%/yr vs 1.05%/yr for BFGIX.
Performance
IBGIX vs. BFGIX - Performance Comparison
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Returns By Period
In the year-to-date period, IBGIX achieves a -14.46% return, which is significantly lower than BFGIX's 0.07% return. Over the past 10 years, IBGIX has underperformed BFGIX with an annualized return of 14.33%, while BFGIX has yielded a comparatively higher 20.58% annualized return.
IBGIX
- 1D
- -0.73%
- 1M
- -5.19%
- 6M
- -10.65%
- YTD
- -14.46%
- 1Y
- -19.23%
- 3Y*
- -7.10%
- 5Y*
- -4.62%
- 10Y*
- 14.33%
- ALL TIME*
- 8.56%
BFGIX
- 1D
- -2.25%
- 1M
- -8.17%
- 6M
- 3.74%
- YTD
- 0.07%
- 1Y
- 16.90%
- 3Y*
- 16.97%
- 5Y*
- 11.13%
- 10Y*
- 20.58%
- ALL TIME*
- 16.62%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
IBGIX vs. BFGIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IBGIX VY Baron Growth Portfolio | -14.46% | -10.40% | 4.84% | 15.02% | -23.40% | 20.76% | 33.55% | 166.57% | -1.63% | 28.50% |
BFGIX Baron Focused Growth Fund Institutional Shares | 0.07% | 22.26% | 29.85% | 27.78% | -28.05% | 19.00% | 122.92% | 30.34% | 4.08% | 26.58% |
Correlation
The correlation between IBGIX and BFGIX is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.68 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.77 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since May 29, 2009 | 0.85 |
The correlation between IBGIX and BFGIX shifts across timeframes, from 0.68 (1 year) to 0.85 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IBGIX vs. BFGIX — Risk / Return Rank
IBGIX
BFGIX
IBGIX vs. BFGIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VY Baron Growth Portfolio (IBGIX) and Baron Focused Growth Fund Institutional Shares (BFGIX). 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.
| IBGIX | BFGIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.77 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 1.14 | -0.32 |
| Calmar ratioReturn relative to maximum drawdown | -0.95 | 0.87 | -1.82 |
| Martin ratioReturn relative to average drawdown | -1.60 | 2.85 | -4.45 |
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Drawdowns
IBGIX vs. BFGIX - Drawdown Comparison
The maximum IBGIX drawdown since its inception was -57.44%, which is greater than BFGIX's maximum drawdown of -43.62%. Use the drawdown chart below to compare losses from any high point for IBGIX and BFGIX.
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Drawdown Indicators
| IBGIX | BFGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.44% | -43.62% | -13.82% |
Max Drawdown (1Y)Largest decline over 1 year | -23.13% | -16.48% | -6.65% |
Max Drawdown (3Y)Largest decline over 3 years | -30.02% | -20.97% | -9.05% |
Max Drawdown (5Y)Largest decline over 5 years | -34.38% | -35.71% | +1.33% |
Max Drawdown (10Y)Largest decline over 10 years | -40.82% | -43.62% | +2.80% |
Current DrawdownCurrent decline from peak | -30.18% | -13.64% | -16.54% |
Average DrawdownAverage peak-to-trough decline | -14.21% | -7.86% | -6.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.37% | 5.02% | +9.35% |
Volatility
IBGIX vs. BFGIX - Volatility Comparison
The current volatility for VY Baron Growth Portfolio (IBGIX) is 6.58%, while Baron Focused Growth Fund Institutional Shares (BFGIX) has a volatility of 7.16%. This indicates that IBGIX experiences smaller price fluctuations and is considered to be less risky than BFGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IBGIX | BFGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.58% | 7.16% | -0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 14.71% | 17.27% | -2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.17% | 23.13% | -3.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.93% | 23.00% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.99% | 24.28% | +11.71% |
IBGIX vs. BFGIX - Expense Ratio Comparison
IBGIX has a 0.99% expense ratio, which is lower than BFGIX's 1.05% expense ratio.
Dividends
IBGIX vs. BFGIX - Dividend Comparison
IBGIX's dividend yield for the trailing twelve months is around 301.33%, while BFGIX has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BFGIX Baron Focused Growth Fund Institutional Shares | 0.00% | 0.00% | 0.00% | 0.00% | 11.79% | 15.01% | 2.78% | 1.74% | 1.05% | 2.07% | 5.92% | 6.01% |
IBGIX VY Baron Growth Portfolio | 301.33% | 24.66% | 4.13% | 5.23% | 11.56% | 6.89% | 0.00% | 107.13% | 11.51% | 12.13% | 11.71% | 8.93% |
Frequently Asked Questions
IBGIX and BFGIX have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BFGIX has higher volatility (7.16%) compared to IBGIX (6.58%). In terms of maximum drawdown, IBGIX dropped -57.44% vs BFGIX's -43.62%.
BFGIX currently has the higher Sharpe Ratio (0.62 vs -1.15), 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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