LCLAX vs. BARAX
Compare and contrast key facts about ClearBridge Select Fund Class A (LCLAX) and Baron Asset Fund (BARAX).
LCLAX is managed by Franklin Templeton. It was launched on Sep 23, 2013. BARAX is managed by Baron Capital Group, Inc.. It was launched on Jun 12, 1987.
Performance
LCLAX vs. BARAX - Performance Comparison
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LCLAX vs. BARAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LCLAX ClearBridge Select Fund Class A | -7.91% | 6.87% | 21.13% | 23.82% | -33.28% | 19.86% | 58.29% | 33.03% | 10.18% | 38.69% |
BARAX Baron Asset Fund | -7.87% | 7.89% | 10.35% | 17.05% | -26.06% | 13.88% | 32.98% | 37.64% | -0.15% | 26.18% |
Returns By Period
The year-to-date returns for both investments are quite close, with LCLAX having a -7.91% return and BARAX slightly higher at -7.87%. Over the past 10 years, LCLAX has outperformed BARAX with an annualized return of 15.63%, while BARAX has yielded a comparatively lower 10.32% annualized return.
LCLAX
- 1D
- 3.17%
- 1M
- -5.93%
- YTD
- -7.91%
- 6M
- -9.68%
- 1Y
- 7.46%
- 3Y*
- 10.88%
- 5Y*
- 1.87%
- 10Y*
- 15.63%
BARAX
- 1D
- 1.64%
- 1M
- -5.84%
- YTD
- -7.87%
- 6M
- -0.37%
- 1Y
- 2.50%
- 3Y*
- 6.84%
- 5Y*
- 1.42%
- 10Y*
- 10.32%
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LCLAX vs. BARAX - Expense Ratio Comparison
LCLAX has a 1.10% expense ratio, which is lower than BARAX's 1.29% expense ratio.
Return for Risk
LCLAX vs. BARAX — Risk / Return Rank
LCLAX
BARAX
LCLAX vs. BARAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ClearBridge Select Fund Class A (LCLAX) and Baron Asset Fund (BARAX). 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.
| LCLAX | BARAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.40 | 0.13 | +0.27 |
Sortino ratioReturn per unit of downside risk | 0.72 | 0.35 | +0.38 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.04 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.55 | 0.36 | +0.19 |
Martin ratioReturn relative to average drawdown | 1.79 | 0.90 | +0.89 |
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
| LCLAX | BARAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 0.13 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.09 | 0.07 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.72 | 0.52 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.49 | +0.11 |
Correlation
The correlation between LCLAX and BARAX is 0.88, 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
LCLAX vs. BARAX - Dividend Comparison
LCLAX has not paid dividends to shareholders, while BARAX's dividend yield for the trailing twelve months is around 12.49%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LCLAX ClearBridge Select Fund Class A | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 3.38% | 0.00% | 0.00% | 1.31% | 2.15% | 1.13% | 5.31% |
BARAX Baron Asset Fund | 12.49% | 11.51% | 19.23% | 3.48% | 0.01% | 7.65% | 3.05% | 1.78% | 7.42% | 7.25% | 4.88% | 11.50% |
Drawdowns
LCLAX vs. BARAX - Drawdown Comparison
The maximum LCLAX drawdown since its inception was -43.64%, smaller than the maximum BARAX drawdown of -59.71%. Use the drawdown chart below to compare losses from any high point for LCLAX and BARAX.
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Drawdown Indicators
| LCLAX | BARAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.64% | -59.71% | +16.07% |
Max Drawdown (1Y)Largest decline over 1 year | -14.36% | -11.12% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | -43.64% | -37.53% | -6.11% |
Max Drawdown (10Y)Largest decline over 10 years | -43.64% | -37.53% | -6.11% |
Current DrawdownCurrent decline from peak | -11.64% | -9.28% | -2.36% |
Average DrawdownAverage peak-to-trough decline | -10.17% | -11.44% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.45% | 4.44% | +0.01% |
Volatility
LCLAX vs. BARAX - Volatility Comparison
ClearBridge Select Fund Class A (LCLAX) has a higher volatility of 6.54% compared to Baron Asset Fund (BARAX) at 3.90%. This indicates that LCLAX's price experiences larger fluctuations and is considered to be riskier than BARAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LCLAX | BARAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.54% | 3.90% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 11.80% | 11.83% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.52% | 19.02% | +1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.86% | 19.56% | +2.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.92% | 19.79% | +2.13% |