RMBHX vs. BPTRX

Last updated Jun 4, 2026

RMBHX (RMB Fund) and BPTRX (Baron Partners Fund) are both Large Cap Growth Equities funds. Over the past 10 years, RMBHX returned 13.04%/yr vs 24.08%/yr for BPTRX. A 0.63 correlation means they provide meaningful diversification when combined. RMBHX charges 1.12%/yr vs 1.36%/yr for BPTRX.

Performance

RMBHX vs. BPTRX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RMB Fund (RMBHX) and Baron Partners Fund (BPTRX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RMBHX achieves a 7.00% return, which is significantly higher than BPTRX's -0.19% return. Over the past 10 years, RMBHX has underperformed BPTRX with an annualized return of 13.04%, while BPTRX has yielded a comparatively higher 24.08% annualized return.

RMBHX

• 1D: -0.26%
• 1M: 4.81%
• YTD: 7.00%
• 6M: 8.03%
• 1Y: 21.81%
• 3Y*: 14.49%
• 5Y*: 8.19%
• 10Y*: 13.04%

BPTRX

• 1D: -1.21%
• 1M: 4.90%
• YTD: -0.19%
• 6M: 19.80%
• 1Y: 31.83%
• 3Y*: 22.85%
• 5Y*: 13.31%
• 10Y*: 24.08%

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

RMBHX vs. BPTRX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RMBHX RMB Fund	7.00%	12.46%	11.98%	21.18%	-21.12%	29.95%	15.94%	37.17%	-2.84%	22.88%
BPTRX Baron Partners Fund	-0.19%	24.54%	32.75%	43.09%	-42.53%	31.35%	148.81%	44.99%	-2.01%	31.54%

Correlation

The correlation between RMBHX and BPTRX is 0.57, 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	0.57
Correlation (3Y) Calculated over the trailing 3-year period	0.63
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.71
Correlation (All Time) Calculated using the full available price history since Jun 21, 1996	0.63

The correlation between RMBHX and BPTRX shifts across timeframes, from 0.57 (1 year) to 0.71 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

RMBHX vs. BPTRX — Risk / Return Rank

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

RMBHX

RMBHX Risk / Return Rank: 31
RMBHX Sharpe Ratio Rank: 38
RMBHX Sortino Ratio Rank: 35
RMBHX Omega Ratio Rank: 36
RMBHX Calmar Ratio Rank: 19
RMBHX Martin Ratio Rank: 24

BPTRX

BPTRX Risk / Return Rank: 35
BPTRX Sharpe Ratio Rank: 17
BPTRX Sortino Ratio Rank: 34
BPTRX Omega Ratio Rank: 30
BPTRX Calmar Ratio Rank: 62
BPTRX Martin Ratio Rank: 32

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.

RMBHX vs. BPTRX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RMB Fund (RMBHX) and Baron Partners Fund (BPTRX). 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.

	RMBHX	BPTRX	Difference
Sharpe ratio Return per unit of total volatility	1.79	1.18	+0.61
Sortino ratio Return per unit of downside risk	2.48	2.41	+0.07
Omega ratio Gain probability vs. loss probability	1.32	1.29	+0.03
Calmar ratio Return relative to maximum drawdown	1.60	3.04	-1.44
Martin ratio Return relative to average drawdown	6.00	7.36	-1.37
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RMBHX vs. BPTRX - Sharpe Ratio Comparison

The current RMBHX Sharpe Ratio is 1.79, which is higher than the BPTRX Sharpe Ratio of 1.18. The chart below compares the historical Sharpe Ratios of RMBHX and BPTRX, 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

	RMBHX	BPTRX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.79	1.18	+0.61
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.48	0.40	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.74	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.29	0.55	-0.26

Drawdowns

RMBHX vs. BPTRX - Drawdown Comparison

The maximum RMBHX drawdown since its inception was -70.00%, which is greater than BPTRX's maximum drawdown of -64.11%. Use the drawdown chart below to compare losses from any high point for RMBHX and BPTRX.

Drawdown Indicators

	RMBHX	BPTRX	Difference
Max Drawdown Largest peak-to-trough decline	-70.00%	-64.11%	-5.89%
Max Drawdown (1Y) Largest decline over 1 year	-13.93%	-10.71%	-3.22%
Max Drawdown (3Y) Largest decline over 3 years	-18.90%	-33.34%	+14.44%
Max Drawdown (5Y) Largest decline over 5 years	-26.38%	-49.87%	+23.49%
Max Drawdown (10Y) Largest decline over 10 years	-38.01%	-51.26%	+13.25%
Current Drawdown Current decline from peak	-0.26%	-3.63%	+3.37%
Average Drawdown Average peak-to-trough decline	-24.96%	-13.78%	-11.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	4.41%	-0.70%

Volatility

RMBHX vs. BPTRX - Volatility Comparison

The current volatility for RMB Fund (RMBHX) is 2.94%, while Baron Partners Fund (BPTRX) has a volatility of 3.43%. This indicates that RMBHX experiences smaller price fluctuations and is considered to be less risky than BPTRX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMBHX	BPTRX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.94%	3.43%	-0.49%
Volatility (6M) Calculated over the trailing 6-month period	9.73%	21.24%	-11.51%
Volatility (1Y) Calculated over the trailing 1-year period	12.46%	27.58%	-15.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.09%	33.62%	-16.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.32%	32.70%	-9.38%

RMBHX vs. BPTRX - Expense Ratio Comparison

RMBHX has a 1.12% expense ratio, which is lower than BPTRX's 1.36% expense ratio.

Dividends

RMBHX vs. BPTRX - Dividend Comparison

RMBHX's dividend yield for the trailing twelve months is around 9.02%, more than BPTRX's 3.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BPTRX Baron Partners Fund	3.37%	3.36%	0.76%	0.00%	3.19%	7.72%	3.67%	0.26%	0.00%	0.00%	0.00%	0.35%
RMBHX RMB Fund	9.02%	9.65%	6.53%	1.49%	9.70%	5.97%	4.83%	1.65%	9.98%	34.90%	36.98%	9.82%

Frequently Asked Questions

Can I hold both RMBHX and BPTRX in my portfolio?

RMBHX and BPTRX have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RMBHX or BPTRX?

BPTRX has higher volatility (3.43%) compared to RMBHX (2.94%). In terms of maximum drawdown, RMBHX dropped -70.00% vs BPTRX's -64.11%.

Which has better risk-adjusted returns?

RMBHX currently has the higher Sharpe Ratio (1.79 vs 1.18), 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.