BARAX vs. IWV
Compare and contrast key facts about Baron Asset Fund (BARAX) and iShares Russell 3000 ETF (IWV).
BARAX is managed by Baron Capital Group, Inc.. It was launched on Jun 12, 1987. IWV is a passively managed fund by iShares that tracks the performance of the Russell 3000 Index. It was launched on May 22, 2000.
Performance
BARAX vs. IWV - Performance Comparison
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BARAX vs. IWV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BARAX Baron Asset Fund | -7.87% | 7.89% | 10.35% | 17.05% | -26.06% | 13.88% | 32.98% | 37.64% | -0.15% | 26.18% |
IWV iShares Russell 3000 ETF | -3.33% | 16.96% | 23.49% | 25.82% | -19.28% | 25.54% | 20.55% | 30.66% | -5.43% | 20.97% |
Returns By Period
In the year-to-date period, BARAX achieves a -7.87% return, which is significantly lower than IWV's -3.33% return. Over the past 10 years, BARAX has underperformed IWV with an annualized return of 10.32%, while IWV has yielded a comparatively higher 13.53% annualized return.
BARAX
- 1D
- 1.64%
- 1M
- -5.84%
- YTD
- -7.87%
- 6M
- -0.37%
- 1Y
- 2.50%
- 3Y*
- 6.84%
- 5Y*
- 1.42%
- 10Y*
- 10.32%
IWV
- 1D
- 0.69%
- 1M
- -4.38%
- YTD
- -3.33%
- 6M
- -1.36%
- 1Y
- 18.22%
- 3Y*
- 17.95%
- 5Y*
- 10.55%
- 10Y*
- 13.53%
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BARAX vs. IWV - Expense Ratio Comparison
BARAX has a 1.29% expense ratio, which is higher than IWV's 0.20% expense ratio.
Return for Risk
BARAX vs. IWV — Risk / Return Rank
BARAX
IWV
BARAX vs. IWV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Asset Fund (BARAX) and iShares Russell 3000 ETF (IWV). 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.
| BARAX | IWV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.13 | 0.99 | -0.86 |
Sortino ratioReturn per unit of downside risk | 0.35 | 1.52 | -1.17 |
Omega ratioGain probability vs. loss probability | 1.04 | 1.23 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.36 | 1.52 | -1.16 |
Martin ratioReturn relative to average drawdown | 0.90 | 7.19 | -6.28 |
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
| BARAX | IWV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.13 | 0.99 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.07 | 0.61 | -0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.74 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.42 | +0.06 |
Correlation
The correlation between BARAX and IWV is 0.88, 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
BARAX vs. IWV - Dividend Comparison
BARAX's dividend yield for the trailing twelve months is around 12.49%, more than IWV's 0.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BARAX Baron Asset Fund | 12.49% | 11.51% | 19.23% | 3.48% | 0.01% | 7.65% | 3.05% | 1.78% | 7.42% | 7.25% | 4.88% | 11.50% |
IWV iShares Russell 3000 ETF | 0.98% | 0.96% | 1.08% | 1.30% | 1.56% | 1.04% | 1.30% | 1.69% | 1.97% | 1.58% | 1.79% | 1.99% |
Drawdowns
BARAX vs. IWV - Drawdown Comparison
The maximum BARAX drawdown since its inception was -59.71%, which is greater than IWV's maximum drawdown of -55.61%. Use the drawdown chart below to compare losses from any high point for BARAX and IWV.
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Drawdown Indicators
| BARAX | IWV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.71% | -55.61% | -4.10% |
Max Drawdown (1Y)Largest decline over 1 year | -11.12% | -12.31% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -37.53% | -25.11% | -12.42% |
Max Drawdown (10Y)Largest decline over 10 years | -37.53% | -35.22% | -2.31% |
Current DrawdownCurrent decline from peak | -9.28% | -5.53% | -3.75% |
Average DrawdownAverage peak-to-trough decline | -11.44% | -10.65% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.44% | 2.60% | +1.84% |
Volatility
BARAX vs. IWV - Volatility Comparison
The current volatility for Baron Asset Fund (BARAX) is 3.90%, while iShares Russell 3000 ETF (IWV) has a volatility of 5.45%. This indicates that BARAX experiences smaller price fluctuations and is considered to be less risky than IWV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BARAX | IWV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.90% | 5.45% | -1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 11.83% | 9.70% | +2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.02% | 18.45% | +0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.56% | 17.24% | +2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.79% | 18.39% | +1.40% |