OTCKX vs. BARIX

Last updated Jun 4, 2026

OTCKX (MFS Mid Cap Growth Fund Class R6) and BARIX (Baron Asset Fund Institutional Class) are both Mid Cap Growth Equities funds. Over the past 10 years, OTCKX returned 12.88%/yr vs 10.80%/yr for BARIX. Their correlation of 0.93 suggests significant overlap in exposure. OTCKX charges 0.65%/yr vs 1.03%/yr for BARIX.

Performance

OTCKX vs. BARIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in MFS Mid Cap Growth Fund Class R6 (OTCKX) and Baron Asset Fund Institutional Class (BARIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OTCKX achieves a 4.99% return, which is significantly higher than BARIX's -3.78% return. Over the past 10 years, OTCKX has outperformed BARIX with an annualized return of 12.88%, while BARIX has yielded a comparatively lower 10.80% annualized return.

OTCKX

• 1D: 0.57%
• 1M: 3.79%
• YTD: 4.99%
• 6M: 3.62%
• 1Y: 4.66%
• 3Y*: 15.51%
• 5Y*: 6.61%
• 10Y*: 12.88%

BARIX

• 1D: -0.63%
• 1M: 1.76%
• YTD: -3.78%
• 6M: 1.13%
• 1Y: 0.80%
• 3Y*: 8.49%
• 5Y*: 2.17%
• 10Y*: 10.80%

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

OTCKX vs. BARIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OTCKX MFS Mid Cap Growth Fund Class R6	4.99%	3.75%	26.48%	21.50%	-28.29%	14.09%	35.81%	37.93%	1.19%	26.35%
BARIX Baron Asset Fund Institutional Class	-3.78%	8.17%	10.64%	17.36%	-25.87%	14.17%	33.32%	37.98%	0.13%	26.55%

Correlation

The correlation between OTCKX and BARIX is 0.73, 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	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (10Y) Calculated over the trailing 10-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jan 3, 2014	0.93

Over the past year, the correlation between OTCKX and BARIX has dropped to 0.73 - well below their long-term average of 0.93, suggesting their price drivers have been diverging.

Return for Risk

OTCKX vs. BARIX — Risk / Return Rank

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

OTCKX

OTCKX Risk / Return Rank: 5
OTCKX Sharpe Ratio Rank: 5
OTCKX Sortino Ratio Rank: 5
OTCKX Omega Ratio Rank: 4
OTCKX Calmar Ratio Rank: 5
OTCKX Martin Ratio Rank: 5

BARIX

BARIX Risk / Return Rank: 3
BARIX Sharpe Ratio Rank: 3
BARIX Sortino Ratio Rank: 3
BARIX Omega Ratio Rank: 3
BARIX Calmar Ratio Rank: 3
BARIX 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.

OTCKX vs. BARIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for MFS Mid Cap Growth Fund Class R6 (OTCKX) and Baron Asset Fund Institutional Class (BARIX). 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.

	OTCKX	BARIX	Difference
Sharpe ratio Return per unit of total volatility	0.33	0.10	+0.23
Sortino ratio Return per unit of downside risk	0.58	0.28	+0.31
Omega ratio Gain probability vs. loss probability	1.07	1.03	+0.03
Calmar ratio Return relative to maximum drawdown	0.33	0.14	+0.19
Martin ratio Return relative to average drawdown	0.86	0.29	+0.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OTCKX vs. BARIX - Sharpe Ratio Comparison

The current OTCKX Sharpe Ratio is 0.33, which is higher than the BARIX Sharpe Ratio of 0.10. The chart below compares the historical Sharpe Ratios of OTCKX and BARIX, 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

	OTCKX	BARIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	0.10	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.11	+0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	0.55	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.65	-0.05

Drawdowns

OTCKX vs. BARIX - Drawdown Comparison

The maximum OTCKX drawdown since its inception was -36.64%, roughly equal to the maximum BARIX drawdown of -37.44%. Use the drawdown chart below to compare losses from any high point for OTCKX and BARIX.

Drawdown Indicators

	OTCKX	BARIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.64%	-37.44%	+0.80%
Max Drawdown (1Y) Largest decline over 1 year	-16.31%	-10.68%	-5.63%
Max Drawdown (3Y) Largest decline over 3 years	-20.99%	-17.78%	-3.21%
Max Drawdown (5Y) Largest decline over 5 years	-36.64%	-37.44%	+0.80%
Max Drawdown (10Y) Largest decline over 10 years	-36.64%	-37.44%	+0.80%
Current Drawdown Current decline from peak	-2.80%	-5.24%	+2.44%
Average Drawdown Average peak-to-trough decline	-7.36%	-6.74%	-0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.29%	5.15%	+1.14%

Volatility

OTCKX vs. BARIX - Volatility Comparison

MFS Mid Cap Growth Fund Class R6 (OTCKX) has a higher volatility of 4.21% compared to Baron Asset Fund Institutional Class (BARIX) at 3.28%. This indicates that OTCKX's price experiences larger fluctuations and is considered to be riskier than BARIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OTCKX	BARIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	3.28%	+0.93%
Volatility (6M) Calculated over the trailing 6-month period	13.34%	10.84%	+2.50%
Volatility (1Y) Calculated over the trailing 1-year period	16.54%	14.75%	+1.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.37%	19.55%	+0.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.07%	19.84%	+0.23%

OTCKX vs. BARIX - Expense Ratio Comparison

OTCKX has a 0.65% expense ratio, which is lower than BARIX's 1.03% expense ratio.

Dividends

OTCKX vs. BARIX - Dividend Comparison

OTCKX's dividend yield for the trailing twelve months is around 14.18%, more than BARIX's 11.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BARIX Baron Asset Fund Institutional Class	11.00%	10.59%	17.88%	3.28%	0.01%	7.26%	2.92%	1.70%	7.14%	7.01%	4.74%	11.23%
OTCKX MFS Mid Cap Growth Fund Class R6	14.18%	14.88%	16.85%	0.00%	0.00%	3.35%	0.77%	0.81%	4.40%	8.28%	5.38%	2.72%

Frequently Asked Questions

Can I hold both OTCKX and BARIX in my portfolio?

OTCKX and BARIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OTCKX or BARIX?

OTCKX has higher volatility (4.21%) compared to BARIX (3.28%). In terms of maximum drawdown, OTCKX dropped -36.64% vs BARIX's -37.44%.

Which has better risk-adjusted returns?

OTCKX currently has the higher Sharpe Ratio (0.33 vs 0.10), 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.