ONGAX vs. BPTIX

Last updated Jun 4, 2026

ONGAX (JPMorgan Investor Growth Fund Class A) and BPTIX (Baron Partners Fund Institutional Class) are both Large Cap Growth Equities funds. Over the past 10 years, ONGAX returned 11.64%/yr vs 24.56%/yr for BPTIX. A 0.79 correlation means they provide meaningful diversification when combined. ONGAX charges 0.97%/yr vs 1.99%/yr for BPTIX.

Performance

ONGAX vs. BPTIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Investor Growth Fund Class A (ONGAX) and Baron Partners Fund Institutional Class (BPTIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ONGAX achieves a 8.65% return, which is significantly higher than BPTIX's -0.09% return. Over the past 10 years, ONGAX has underperformed BPTIX with an annualized return of 11.64%, while BPTIX has yielded a comparatively higher 24.56% annualized return.

ONGAX

• 1D: 0.42%
• 1M: 4.28%
• YTD: 8.65%
• 6M: 9.00%
• 1Y: 21.80%
• 3Y*: 16.94%
• 5Y*: 8.88%
• 10Y*: 11.64%

BPTIX

• 1D: -1.21%
• 1M: 4.92%
• YTD: -0.09%
• 6M: 19.94%
• 1Y: 32.17%
• 3Y*: 23.16%
• 5Y*: 13.60%
• 10Y*: 24.56%

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

ONGAX vs. BPTIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ONGAX JPMorgan Investor Growth Fund Class A	8.65%	16.60%	13.64%	20.41%	-16.15%	17.21%	19.89%	24.94%	-8.95%	21.12%
BPTIX Baron Partners Fund Institutional Class	-0.09%	24.86%	33.09%	43.47%	-42.39%	31.69%	149.45%	47.29%	-1.75%	31.91%

Correlation

The correlation between ONGAX and BPTIX is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.56
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (5Y) Calculated over the trailing 5-year period	0.70
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Jun 1, 2009	0.79

Over the past year, the correlation between ONGAX and BPTIX has dropped to 0.56 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.

Return for Risk

ONGAX vs. BPTIX — Risk / Return Rank

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

ONGAX

ONGAX Risk / Return Rank: 47
ONGAX Sharpe Ratio Rank: 47
ONGAX Sortino Ratio Rank: 45
ONGAX Omega Ratio Rank: 46
ONGAX Calmar Ratio Rank: 44
ONGAX Martin Ratio Rank: 54

BPTIX

BPTIX Risk / Return Rank: 36
BPTIX Sharpe Ratio Rank: 18
BPTIX Sortino Ratio Rank: 34
BPTIX Omega Ratio Rank: 31
BPTIX Calmar Ratio Rank: 64
BPTIX Martin Ratio Rank: 33

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.

ONGAX vs. BPTIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Investor Growth Fund Class A (ONGAX) and Baron Partners Fund Institutional Class (BPTIX). 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.

	ONGAX	BPTIX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.19	+0.82
Sortino ratio: Return per unit of downside risk	2.82	2.43	+0.39
Omega ratio: Gain probability vs. loss probability	1.37	1.29	+0.08
Calmar ratio: Return relative to maximum drawdown	2.54	3.09	-0.55
Martin ratio: Return relative to average drawdown	10.89	7.50	+3.39
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ONGAX vs. BPTIX - Sharpe Ratio Comparison

The current ONGAX Sharpe Ratio is 2.01, which is higher than the BPTIX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of ONGAX and BPTIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ONGAX	BPTIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.19	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.63	0.41	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.76	0.75	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	0.74	-0.22

Drawdowns

ONGAX vs. BPTIX - Drawdown Comparison

The maximum ONGAX drawdown since its inception was -49.19%, roughly equal to the maximum BPTIX drawdown of -51.26%. Use the drawdown chart below to compare losses from any high point for ONGAX and BPTIX.

Drawdown Indicators

	ONGAX	BPTIX	Difference
Max Drawdown Largest peak-to-trough decline	-49.19%	-51.26%	+2.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.75%	-10.64%	+1.89%
Max Drawdown (3Y) Largest decline over 3 years	-14.80%	-33.29%	+18.49%
Max Drawdown (5Y) Largest decline over 5 years	-23.57%	-49.72%	+26.15%
Max Drawdown (10Y) Largest decline over 10 years	-31.35%	-51.26%	+19.91%
Current Drawdown Current decline from peak	0.00%	-3.52%	+3.52%
Average Drawdown Average peak-to-trough decline	-7.77%	-10.80%	+3.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	4.37%	-2.33%

Volatility

ONGAX vs. BPTIX - Volatility Comparison

JPMorgan Investor Growth Fund Class A (ONGAX) and Baron Partners Fund Institutional Class (BPTIX) have volatilities of 3.30% and 3.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ONGAX	BPTIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.30%	3.43%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	8.71%	21.24%	-12.53%
Volatility (1Y) Calculated over the trailing 1-year period	11.06%	27.58%	-16.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.14%	33.62%	-19.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.35%	32.71%	-17.36%

ONGAX vs. BPTIX - Expense Ratio Comparison

ONGAX has a 0.97% expense ratio, which is lower than BPTIX's 1.99% expense ratio.

Dividends

ONGAX vs. BPTIX - Dividend Comparison

ONGAX's dividend yield for the trailing twelve months is around 3.15%, less than BPTIX's 3.21% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPTIX Baron Partners Fund Institutional Class	3.21%	3.21%	0.73%	0.00%	3.07%	7.46%	3.57%	1.27%	0.00%	0.00%	0.00%	0.62%
ONGAX JPMorgan Investor Growth Fund Class A	3.15%	3.43%	3.18%	3.26%	8.35%	3.80%	7.02%	8.04%	8.36%	8.72%	5.62%	6.53%

Frequently Asked Questions

Can I hold both ONGAX and BPTIX in my portfolio?

ONGAX and BPTIX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ONGAX or BPTIX?

BPTIX has higher volatility (3.43%) compared to ONGAX (3.30%). In terms of maximum drawdown, ONGAX dropped -49.19% vs BPTIX's -51.26%.

Which has better risk-adjusted returns?

ONGAX currently has the higher Sharpe Ratio (2.01 vs 1.19), 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.