RNPGX vs. BARIX
Compare and contrast key facts about American Funds New Perspective Fund Class R-6 (RNPGX) and Baron Asset Fund Institutional Class (BARIX).
RNPGX is managed by American Funds. It was launched on Aug 1, 2008. BARIX is managed by Baron Capital Group. It was launched on May 29, 2009.
Performance
RNPGX vs. BARIX - Performance Comparison
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RNPGX vs. BARIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RNPGX American Funds New Perspective Fund Class R-6 | -8.08% | 21.71% | 17.13% | 25.06% | -25.70% | 18.00% | 33.88% | 31.22% | -5.71% | 29.31% |
BARIX Baron Asset Fund Institutional Class | -9.30% | 8.17% | 10.64% | 17.36% | -25.87% | 14.17% | 33.32% | 37.98% | 0.13% | 26.55% |
Returns By Period
In the year-to-date period, RNPGX achieves a -8.08% return, which is significantly higher than BARIX's -9.30% return. Over the past 10 years, RNPGX has outperformed BARIX with an annualized return of 12.40%, while BARIX has yielded a comparatively lower 10.43% annualized return.
RNPGX
- 1D
- -0.18%
- 1M
- -10.47%
- YTD
- -8.08%
- 6M
- -5.72%
- 1Y
- 14.02%
- 3Y*
- 14.10%
- 5Y*
- 7.04%
- 10Y*
- 12.40%
BARIX
- 1D
- 0.01%
- 1M
- -7.56%
- YTD
- -9.30%
- 6M
- -2.18%
- 1Y
- 1.03%
- 3Y*
- 6.54%
- 5Y*
- 1.73%
- 10Y*
- 10.43%
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RNPGX vs. BARIX - Expense Ratio Comparison
RNPGX has a 0.42% expense ratio, which is lower than BARIX's 1.03% expense ratio.
Return for Risk
RNPGX vs. BARIX — Risk / Return Rank
RNPGX
BARIX
RNPGX vs. BARIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds New Perspective Fund Class R-6 (RNPGX) 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.
| RNPGX | BARIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.81 | 0.14 | +0.67 |
Sortino ratioReturn per unit of downside risk | 1.26 | 0.36 | +0.90 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.05 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.97 | 0.09 | +0.88 |
Martin ratioReturn relative to average drawdown | 4.03 | 0.23 | +3.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RNPGX | BARIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.81 | 0.14 | +0.67 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.09 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.53 | +0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.64 | 0.00 |
Correlation
The correlation between RNPGX and BARIX is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
RNPGX vs. BARIX - Dividend Comparison
RNPGX's dividend yield for the trailing twelve months is around 7.48%, less than BARIX's 11.67% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RNPGX American Funds New Perspective Fund Class R-6 | 7.48% | 6.87% | 5.45% | 5.67% | 4.53% | 7.31% | 4.41% | 4.47% | 7.95% | 5.80% | 4.20% | 6.46% |
BARIX Baron Asset Fund Institutional Class | 11.67% | 10.59% | 17.88% | 3.28% | 0.01% | 7.26% | 2.92% | 1.70% | 7.14% | 7.01% | 4.74% | 11.23% |
Drawdowns
RNPGX vs. BARIX - Drawdown Comparison
The maximum RNPGX drawdown since its inception was -34.25%, smaller than the maximum BARIX drawdown of -37.44%. Use the drawdown chart below to compare losses from any high point for RNPGX and BARIX.
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Drawdown Indicators
| RNPGX | BARIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.25% | -37.44% | +3.19% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -11.12% | -0.63% |
Max Drawdown (5Y)Largest decline over 5 years | -34.25% | -37.44% | +3.19% |
Max Drawdown (10Y)Largest decline over 10 years | -34.25% | -37.44% | +3.19% |
Current DrawdownCurrent decline from peak | -11.44% | -10.67% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -5.59% | -6.74% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.83% | 4.37% | -1.54% |
Volatility
RNPGX vs. BARIX - Volatility Comparison
American Funds New Perspective Fund Class R-6 (RNPGX) has a higher volatility of 5.13% compared to Baron Asset Fund Institutional Class (BARIX) at 3.35%. This indicates that RNPGX'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.
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Volatility by Period
| RNPGX | BARIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 3.35% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.86% | 11.71% | -1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.78% | 18.99% | -2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 19.65% | -2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.75% | 19.83% | -2.08% |