NLCAX vs. BSCFX
NLCAX (Voya Large-Cap Growth Fund) and BSCFX (Baron Small Cap Fund) are both mutual funds - NLCAX is a Large Cap Growth Equities fund managed by Voya, while BSCFX is a Small Cap Growth Equities fund managed by Baron Capital. Over the past 10 years, NLCAX returned 14.61%/yr vs 10.22%/yr for BSCFX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. NLCAX charges 0.97%/yr vs 1.29%/yr for BSCFX.
Performance
NLCAX vs. BSCFX - Performance Comparison
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Returns By Period
In the year-to-date period, NLCAX achieves a 2.59% return, which is significantly higher than BSCFX's 0.94% return. Over the past 10 years, NLCAX has outperformed BSCFX with an annualized return of 14.61%, while BSCFX has yielded a comparatively lower 10.22% annualized return.
NLCAX
- 1D
- 1.18%
- 1M
- -2.24%
- 6M
- 3.81%
- YTD
- 2.59%
- 1Y
- 8.81%
- 3Y*
- 19.00%
- 5Y*
- 9.14%
- 10Y*
- 14.61%
- ALL TIME*
- 9.51%
BSCFX
- 1D
- 0.40%
- 1M
- -3.68%
- 6M
- 0.68%
- YTD
- 0.94%
- 1Y
- -0.88%
- 3Y*
- 6.09%
- 5Y*
- 0.49%
- 10Y*
- 10.22%
- ALL TIME*
- 9.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
BSCFX Baron Small Cap Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
NLCAX vs. BSCFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NLCAX Voya Large-Cap Growth Fund | 2.59% | 14.63% | 34.62% | 37.74% | -31.26% | 18.63% | 30.75% | 32.35% | -1.91% | 29.29% |
BSCFX Baron Small Cap Fund | 0.94% | -0.92% | 13.11% | 26.90% | -31.19% | 15.42% | 40.38% | 34.60% | -7.39% | 27.34% |
Correlation
The correlation between NLCAX and BSCFX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.60 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.73 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.77 |
Correlation (All Time) Calculated using the full available price history since Sep 30, 1997 | 0.79 |
Over the past year, the correlation between NLCAX and BSCFX has dropped to 0.48 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
NLCAX vs. BSCFX — Risk / Return Rank
NLCAX
BSCFX
NLCAX vs. BSCFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Large-Cap Growth Fund (NLCAX) and Baron Small Cap Fund (BSCFX). 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.
| NLCAX | BSCFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 0.99 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.55 | -0.15 | +0.69 |
| Martin ratioReturn relative to average drawdown | 1.65 | -0.37 | +2.02 |
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Drawdowns
NLCAX vs. BSCFX - Drawdown Comparison
The maximum NLCAX drawdown since its inception was -76.45%, which is greater than BSCFX's maximum drawdown of -55.59%. Use the drawdown chart below to compare losses from any high point for NLCAX and BSCFX.
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Drawdown Indicators
| NLCAX | BSCFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.45% | -55.59% | -20.86% |
Max Drawdown (1Y)Largest decline over 1 year | -17.52% | -15.00% | -2.52% |
Max Drawdown (3Y)Largest decline over 3 years | -24.76% | -26.91% | +2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -35.36% | -37.94% | +2.58% |
Max Drawdown (10Y)Largest decline over 10 years | -35.36% | -39.58% | +4.22% |
Current DrawdownCurrent decline from peak | -7.55% | -8.41% | +0.86% |
Average DrawdownAverage peak-to-trough decline | -31.12% | -11.07% | -20.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.59% | 5.96% | -0.37% |
Volatility
NLCAX vs. BSCFX - Volatility Comparison
Voya Large-Cap Growth Fund (NLCAX) has a higher volatility of 6.65% compared to Baron Small Cap Fund (BSCFX) at 4.64%. This indicates that NLCAX's price experiences larger fluctuations and is considered to be riskier than BSCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NLCAX | BSCFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.65% | 4.64% | +2.01% |
Volatility (6M)Calculated over the trailing 6-month period | 15.13% | 13.83% | +1.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.77% | 18.24% | +0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.50% | 22.44% | +0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.44% | 22.38% | -0.94% |
NLCAX vs. BSCFX - Expense Ratio Comparison
NLCAX has a 0.97% expense ratio, which is lower than BSCFX's 1.29% expense ratio.
Dividends
NLCAX vs. BSCFX - Dividend Comparison
NLCAX's dividend yield for the trailing twelve months is around 15.75%, more than BSCFX's 9.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCFX Baron Small Cap Fund | 9.84% | 9.50% | 13.96% | 3.04% | 5.90% | 12.47% | 11.17% | 9.60% | 10.91% | 13.57% | 22.41% | 12.56% |
NLCAX Voya Large-Cap Growth Fund | 15.75% | 16.16% | 4.69% | 0.00% | 24.97% | 18.15% | 13.40% | 4.61% | 7.42% | 5.86% | 5.52% | 7.37% |
Frequently Asked Questions
NLCAX and BSCFX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NLCAX has higher volatility (6.65%) compared to BSCFX (4.64%). In terms of maximum drawdown, NLCAX dropped -76.45% vs BSCFX's -55.59%.
NLCAX currently has the higher Sharpe Ratio (0.51 vs -0.12), 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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