VHCAX vs. BIOPX
Compare and contrast key facts about Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) and Baron Opportunity Fund (BIOPX).
VHCAX is managed by Vanguard. It was launched on Nov 12, 2001. BIOPX is managed by Baron Capital Group, Inc.. It was launched on Feb 29, 2000.
Performance
VHCAX vs. BIOPX - Performance Comparison
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VHCAX vs. BIOPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VHCAX Vanguard Capital Opportunity Fund Admiral Shares | -3.13% | 25.83% | 14.07% | 25.63% | -17.56% | 20.92% | 22.83% | 27.30% | -3.71% | 28.37% |
BIOPX Baron Opportunity Fund | -8.95% | 19.44% | 39.87% | 49.55% | -42.96% | 11.90% | 88.78% | 40.34% | 8.06% | 40.58% |
Returns By Period
In the year-to-date period, VHCAX achieves a -3.13% return, which is significantly higher than BIOPX's -8.95% return. Over the past 10 years, VHCAX has underperformed BIOPX with an annualized return of 14.38%, while BIOPX has yielded a comparatively higher 19.59% annualized return.
VHCAX
- 1D
- 3.58%
- 1M
- -6.90%
- YTD
- -3.13%
- 6M
- 2.87%
- 1Y
- 26.44%
- 3Y*
- 17.75%
- 5Y*
- 9.60%
- 10Y*
- 14.38%
BIOPX
- 1D
- 3.58%
- 1M
- -4.64%
- YTD
- -8.95%
- 6M
- -5.34%
- 1Y
- 22.42%
- 3Y*
- 24.52%
- 5Y*
- 7.16%
- 10Y*
- 19.59%
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VHCAX vs. BIOPX - Expense Ratio Comparison
VHCAX has a 0.36% expense ratio, which is lower than BIOPX's 1.31% expense ratio.
Return for Risk
VHCAX vs. BIOPX — Risk / Return Rank
VHCAX
BIOPX
VHCAX vs. BIOPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) and Baron Opportunity Fund (BIOPX). 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.
| VHCAX | BIOPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.21 | 0.93 | +0.29 |
Sortino ratioReturn per unit of downside risk | 1.76 | 1.50 | +0.26 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.88 | 1.64 | +0.23 |
Martin ratioReturn relative to average drawdown | 7.78 | 5.38 | +2.41 |
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
| VHCAX | BIOPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.21 | 0.93 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.27 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | 0.79 | -0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.38 | +0.17 |
Correlation
The correlation between VHCAX and BIOPX is 0.87, 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
VHCAX vs. BIOPX - Dividend Comparison
VHCAX's dividend yield for the trailing twelve months is around 10.03%, more than BIOPX's 4.65% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VHCAX Vanguard Capital Opportunity Fund Admiral Shares | 10.03% | 9.71% | 8.24% | 2.40% | 9.35% | 10.55% | 9.19% | 6.48% | 12.23% | 3.87% | 5.74% | 5.39% |
BIOPX Baron Opportunity Fund | 4.65% | 4.24% | 4.95% | 0.00% | 0.00% | 8.71% | 6.96% | 7.33% | 5.29% | 15.58% | 13.52% | 10.92% |
Drawdowns
VHCAX vs. BIOPX - Drawdown Comparison
The maximum VHCAX drawdown since its inception was -54.27%, smaller than the maximum BIOPX drawdown of -67.91%. Use the drawdown chart below to compare losses from any high point for VHCAX and BIOPX.
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Drawdown Indicators
| VHCAX | BIOPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.27% | -67.91% | +13.64% |
Max Drawdown (1Y)Largest decline over 1 year | -13.90% | -14.16% | +0.26% |
Max Drawdown (5Y)Largest decline over 5 years | -27.55% | -51.45% | +23.90% |
Max Drawdown (10Y)Largest decline over 10 years | -33.78% | -51.45% | +17.67% |
Current DrawdownCurrent decline from peak | -9.28% | -11.09% | +1.81% |
Average DrawdownAverage peak-to-trough decline | -8.45% | -16.97% | +8.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 4.33% | -0.98% |
Volatility
VHCAX vs. BIOPX - Volatility Comparison
Vanguard Capital Opportunity Fund Admiral Shares (VHCAX) has a higher volatility of 7.30% compared to Baron Opportunity Fund (BIOPX) at 6.73%. This indicates that VHCAX's price experiences larger fluctuations and is considered to be riskier than BIOPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VHCAX | BIOPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.30% | 6.73% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 14.24% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.60% | 25.54% | -3.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.58% | 26.84% | -7.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.19% | 24.84% | -4.65% |