OSGIX vs. BARAX

Last updated Jun 4, 2026

OSGIX (JPMorgan Mid Cap Growth Fund Class A) and BARAX (Baron Asset Fund) are both Mid Cap Growth Equities funds. Over the past 10 years, OSGIX returned 13.69%/yr vs 10.51%/yr for BARAX. Their correlation of 0.86 suggests significant overlap in exposure. OSGIX charges 1.14%/yr vs 1.29%/yr for BARAX.

Performance

OSGIX vs. BARAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan Mid Cap Growth Fund Class A (OSGIX) and Baron Asset Fund (BARAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OSGIX achieves a 6.50% return, which is significantly higher than BARAX's -3.88% return. Over the past 10 years, OSGIX has outperformed BARAX with an annualized return of 13.69%, while BARAX has yielded a comparatively lower 10.51% annualized return.

OSGIX

• 1D: 0.07%
• 1M: 4.68%
• YTD: 6.50%
• 6M: 4.76%
• 1Y: 12.18%
• 3Y*: 17.10%
• 5Y*: 7.03%
• 10Y*: 13.69%

BARAX

• 1D: -0.63%
• 1M: 1.74%
• YTD: -3.88%
• 6M: 1.00%
• 1Y: 0.55%
• 3Y*: 8.21%
• 5Y*: 1.91%
• 10Y*: 10.51%

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

OSGIX vs. BARAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OSGIX JPMorgan Mid Cap Growth Fund Class A	6.50%	8.41%	24.96%	22.83%	-27.26%	10.32%	47.86%	39.31%	-5.34%	29.08%
BARAX Baron Asset Fund	-3.88%	7.89%	10.35%	17.05%	-26.06%	13.88%	32.98%	37.64%	-0.15%	26.18%

Correlation

The correlation between OSGIX and BARAX is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 19, 1992	0.86

The correlation between OSGIX and BARAX shifts across timeframes, from 0.71 (1 year) to 0.90 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

OSGIX vs. BARAX — Risk / Return Rank

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

OSGIX

OSGIX Risk / Return Rank: 9
OSGIX Sharpe Ratio Rank: 9
OSGIX Sortino Ratio Rank: 10
OSGIX Omega Ratio Rank: 9
OSGIX Calmar Ratio Rank: 9
OSGIX Martin Ratio Rank: 10

BARAX

BARAX Risk / Return Rank: 3
BARAX Sharpe Ratio Rank: 3
BARAX Sortino Ratio Rank: 3
BARAX Omega Ratio Rank: 3
BARAX Calmar Ratio Rank: 3
BARAX Martin Ratio Rank: 3

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.

OSGIX vs. BARAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan Mid Cap Growth Fund Class A (OSGIX) 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.

	OSGIX	BARAX	Difference
Sharpe ratio Return per unit of total volatility	0.77	0.08	+0.68
Sortino ratio Return per unit of downside risk	1.18	0.25	+0.93
Omega ratio Gain probability vs. loss probability	1.14	1.03	+0.11
Calmar ratio Return relative to maximum drawdown	0.93	0.11	+0.82
Martin ratio Return relative to average drawdown	2.97	0.23	+2.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OSGIX vs. BARAX - Sharpe Ratio Comparison

The current OSGIX Sharpe Ratio is 0.77, which is higher than the BARAX Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of OSGIX and BARAX, 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

	OSGIX	BARAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	0.08	+0.68
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.10	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.53	+0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.49	-0.06

Drawdowns

OSGIX vs. BARAX - Drawdown Comparison

The maximum OSGIX drawdown since its inception was -57.79%, roughly equal to the maximum BARAX drawdown of -59.71%. Use the drawdown chart below to compare losses from any high point for OSGIX and BARAX.

Drawdown Indicators

	OSGIX	BARAX	Difference
Max Drawdown Largest peak-to-trough decline	-57.79%	-59.71%	+1.92%
Max Drawdown (1Y) Largest decline over 1 year	-14.25%	-10.75%	-3.50%
Max Drawdown (3Y) Largest decline over 3 years	-25.54%	-17.82%	-7.72%
Max Drawdown (5Y) Largest decline over 5 years	-37.26%	-37.53%	+0.27%
Max Drawdown (10Y) Largest decline over 10 years	-37.26%	-37.53%	+0.27%
Current Drawdown Current decline from peak	0.00%	-5.36%	+5.36%
Average Drawdown Average peak-to-trough decline	-12.28%	-11.42%	-0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.48%	5.20%	-0.72%

Volatility

OSGIX vs. BARAX - Volatility Comparison

JPMorgan Mid Cap Growth Fund Class A (OSGIX) has a higher volatility of 4.34% compared to Baron Asset Fund (BARAX) at 3.28%. This indicates that OSGIX'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.

Volatility by Period

	OSGIX	BARAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	3.28%	+1.06%
Volatility (6M) Calculated over the trailing 6-month period	13.49%	10.83%	+2.66%
Volatility (1Y) Calculated over the trailing 1-year period	17.39%	14.75%	+2.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.45%	19.46%	+2.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.72%	19.79%	+2.93%

OSGIX vs. BARAX - Expense Ratio Comparison

OSGIX has a 1.14% expense ratio, which is lower than BARAX's 1.29% expense ratio.

Dividends

OSGIX vs. BARAX - Dividend Comparison

OSGIX's dividend yield for the trailing twelve months is around 11.56%, less than BARAX's 11.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BARAX Baron Asset Fund	11.97%	11.51%	19.23%	3.48%	0.01%	7.65%	3.05%	1.78%	7.42%	7.25%	4.88%	11.50%
OSGIX JPMorgan Mid Cap Growth Fund Class A	11.56%	12.31%	18.67%	0.00%	0.98%	10.97%	12.80%	8.61%	8.45%	7.36%	0.05%	6.01%

Frequently Asked Questions

Can I hold both OSGIX and BARAX in my portfolio?

OSGIX and BARAX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OSGIX or BARAX?

OSGIX has higher volatility (4.34%) compared to BARAX (3.28%). In terms of maximum drawdown, OSGIX dropped -57.79% vs BARAX's -59.71%.

Which has better risk-adjusted returns?

OSGIX currently has the higher Sharpe Ratio (0.77 vs 0.08), 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.