LYFIX vs. BHCHX

Last updated Apr 3, 2026

Compare and contrast key facts about AlphaCentric LifeSci Healthcare Fund (LYFIX) and Baron Health Care Fund (BHCHX).

LYFIX is managed by AlphaCentric Funds. It was launched on Nov 28, 2019. BHCHX is managed by Baron Capital Group, Inc.. It was launched on Apr 29, 2018.

Performance

LYFIX vs. BHCHX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AlphaCentric LifeSci Healthcare Fund (LYFIX) and Baron Health Care Fund (BHCHX). The values are adjusted to include any dividend payments, if applicable.

LYFIX vs. BHCHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
LYFIX AlphaCentric LifeSci Healthcare Fund	0.44%	28.22%	-0.27%	7.19%	-0.92%	-3.42%	54.83%	1.20%
BHCHX Baron Health Care Fund	-6.26%	10.28%	1.55%	6.42%	-16.90%	15.71%	47.71%	3.03%

Returns By Period

In the year-to-date period, LYFIX achieves a 0.44% return, which is significantly higher than BHCHX's -6.26% return.

LYFIX

• 1D: 0.76%
• 1M: -0.50%
• YTD: 0.44%
• 6M: 16.68%
• 1Y: 26.19%
• 3Y*: 8.79%
• 5Y*: 4.99%
• 10Y*: —

BHCHX

• 1D: 0.76%
• 1M: -2.88%
• YTD: -6.26%
• 6M: 3.37%
• 1Y: 6.30%
• 3Y*: 5.07%
• 5Y*: 1.22%
• 10Y*: —

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

LYFIX vs. BHCHX - Expense Ratio Comparison

LYFIX has a 1.40% expense ratio, which is higher than BHCHX's 0.85% expense ratio.

LYFIX

AlphaCentric LifeSci Healthcare Fund

BHCHX

Baron Health Care Fund

Return for Risk

LYFIX vs. BHCHX — Risk / Return Rank

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

LYFIX

LYFIX Risk / Return Rank: 66
LYFIX Sharpe Ratio Rank: 69
LYFIX Sortino Ratio Rank: 69
LYFIX Omega Ratio Rank: 52
LYFIX Calmar Ratio Rank: 87
LYFIX Martin Ratio Rank: 53

BHCHX

BHCHX Risk / Return Rank: 10
BHCHX Sharpe Ratio Rank: 12
BHCHX Sortino Ratio Rank: 12
BHCHX Omega Ratio Rank: 10
BHCHX Calmar Ratio Rank: 9
BHCHX Martin Ratio Rank: 8

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.

LYFIX vs. BHCHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AlphaCentric LifeSci Healthcare Fund (LYFIX) and Baron Health Care Fund (BHCHX). 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.

	LYFIX	BHCHX	Difference
Sharpe ratio Return per unit of total volatility	1.40	0.44	+0.96
Sortino ratio Return per unit of downside risk	1.98	0.74	+1.23
Omega ratio Gain probability vs. loss probability	1.24	1.09	+0.15
Calmar ratio Return relative to maximum drawdown	2.64	0.43	+2.22
Martin ratio Return relative to average drawdown	6.60	1.14	+5.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LYFIX vs. BHCHX - Sharpe Ratio Comparison

The current LYFIX Sharpe Ratio is 1.40, which is higher than the BHCHX Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of LYFIX and BHCHX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LYFIX	BHCHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.40	0.44	+0.96
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.22	0.07	+0.15
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.49	+0.03

Correlation

The correlation between LYFIX and BHCHX is 0.74, 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

LYFIX vs. BHCHX - Dividend Comparison

LYFIX's dividend yield for the trailing twelve months is around 1.77%, while BHCHX has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020
LYFIX AlphaCentric LifeSci Healthcare Fund	1.77%	1.78%	2.24%	2.63%	4.43%	12.88%	2.30%
BHCHX Baron Health Care Fund	0.00%	0.00%	0.49%	0.00%	0.00%	1.41%	0.99%

Drawdowns

LYFIX vs. BHCHX - Drawdown Comparison

The maximum LYFIX drawdown since its inception was -35.33%, which is greater than BHCHX's maximum drawdown of -28.53%. Use the drawdown chart below to compare losses from any high point for LYFIX and BHCHX.

Drawdown Indicators

	LYFIX	BHCHX	Difference
Max Drawdown Largest peak-to-trough decline	-35.33%	-28.53%	-6.80%
Max Drawdown (1Y) Largest decline over 1 year	-8.49%	-14.24%	+5.75%
Max Drawdown (5Y) Largest decline over 5 years	-32.45%	-28.53%	-3.92%
Current Drawdown Current decline from peak	-3.15%	-11.22%	+8.07%
Average Drawdown Average peak-to-trough decline	-10.07%	-11.05%	+0.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.79%	5.33%	-1.54%

Volatility

LYFIX vs. BHCHX - Volatility Comparison

AlphaCentric LifeSci Healthcare Fund (LYFIX) has a higher volatility of 7.81% compared to Baron Health Care Fund (BHCHX) at 6.57%. This indicates that LYFIX's price experiences larger fluctuations and is considered to be riskier than BHCHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LYFIX	BHCHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.81%	6.57%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	13.69%	10.70%	+2.99%
Volatility (1Y) Calculated over the trailing 1-year period	19.40%	17.95%	+1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.93%	16.90%	+6.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.49%	19.76%	+3.73%