ALAAX vs. BWBIX
Compare and contrast key facts about Invesco Income Allocation Fund (ALAAX) and Baron WealthBuilder Fund (BWBIX).
ALAAX is managed by Invesco. It was launched on Oct 30, 2005. BWBIX is managed by Baron Capital Group, Inc.. It was launched on Dec 28, 2017.
Performance
ALAAX vs. BWBIX - Performance Comparison
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ALAAX vs. BWBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ALAAX Invesco Income Allocation Fund | 0.06% | 11.63% | 5.84% | 7.13% | -11.78% | 7.56% | 2.33% | 15.50% | -2.16% |
BWBIX Baron WealthBuilder Fund | -7.42% | 10.23% | 19.62% | 25.77% | -32.58% | 14.76% | 62.85% | 36.41% | -12.02% |
Returns By Period
In the year-to-date period, ALAAX achieves a 0.06% return, which is significantly higher than BWBIX's -7.42% return.
ALAAX
- 1D
- 1.09%
- 1M
- -2.79%
- YTD
- 0.06%
- 6M
- 1.95%
- 1Y
- 10.05%
- 3Y*
- 7.37%
- 5Y*
- 3.25%
- 10Y*
- 4.51%
BWBIX
- 1D
- 2.71%
- 1M
- -6.25%
- YTD
- -7.42%
- 6M
- -2.93%
- 1Y
- 10.39%
- 3Y*
- 11.62%
- 5Y*
- 2.90%
- 10Y*
- —
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ALAAX vs. BWBIX - Expense Ratio Comparison
ALAAX has a 0.37% expense ratio, which is higher than BWBIX's 0.05% expense ratio.
Return for Risk
ALAAX vs. BWBIX — Risk / Return Rank
ALAAX
BWBIX
ALAAX vs. BWBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Income Allocation Fund (ALAAX) and Baron WealthBuilder Fund (BWBIX). 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.
| ALAAX | BWBIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 0.54 | +0.98 |
Sortino ratioReturn per unit of downside risk | 2.16 | 0.95 | +1.21 |
Omega ratioGain probability vs. loss probability | 1.33 | 1.13 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 0.86 | +1.06 |
Martin ratioReturn relative to average drawdown | 8.52 | 3.22 | +5.31 |
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
| ALAAX | BWBIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.54 | +0.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.49 | 0.14 | +0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.71 | 0.49 | +0.22 |
Correlation
The correlation between ALAAX and BWBIX is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
ALAAX vs. BWBIX - Dividend Comparison
ALAAX's dividend yield for the trailing twelve months is around 4.27%, less than BWBIX's 8.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ALAAX Invesco Income Allocation Fund | 4.27% | 4.22% | 4.13% | 4.07% | 3.53% | 3.19% | 4.07% | 6.98% | 3.91% | 3.36% | 3.66% | 3.16% |
BWBIX Baron WealthBuilder Fund | 8.22% | 7.61% | 0.77% | 0.06% | 3.21% | 3.75% | 1.24% | 3.51% | 0.14% | 0.00% | 0.00% | 0.00% |
Drawdowns
ALAAX vs. BWBIX - Drawdown Comparison
The maximum ALAAX drawdown since its inception was -28.28%, smaller than the maximum BWBIX drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for ALAAX and BWBIX.
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Drawdown Indicators
| ALAAX | BWBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.28% | -39.14% | +10.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.28% | -12.76% | +7.48% |
Max Drawdown (5Y)Largest decline over 5 years | -17.16% | -39.14% | +21.98% |
Max Drawdown (10Y)Largest decline over 10 years | -24.08% | — | — |
Current DrawdownCurrent decline from peak | -3.12% | -9.26% | +6.14% |
Average DrawdownAverage peak-to-trough decline | -3.32% | -11.88% | +8.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.19% | 3.41% | -2.22% |
Volatility
ALAAX vs. BWBIX - Volatility Comparison
The current volatility for Invesco Income Allocation Fund (ALAAX) is 2.66%, while Baron WealthBuilder Fund (BWBIX) has a volatility of 5.39%. This indicates that ALAAX experiences smaller price fluctuations and is considered to be less risky than BWBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ALAAX | BWBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 5.39% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 3.99% | 11.38% | -7.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.81% | 19.94% | -13.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.70% | 21.19% | -14.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.29% | 23.31% | -16.02% |