BARIX vs. EWL
BARIX (Baron Asset Fund Institutional Class) and EWL (iShares MSCI Switzerland ETF) are both funds - BARIX is a Mid Cap Growth Equities fund managed by Baron Capital Group, while EWL is a Europe Equities fund tracking the MSCI Switzerland Index. Over the past 10 years, BARIX returned 11.45%/yr vs 10.14%/yr for EWL. A 0.62 correlation means they provide meaningful diversification when combined. BARIX charges 1.03%/yr vs 0.50%/yr for EWL.
Performance
BARIX vs. EWL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BARIX achieves a 0.84% return, which is significantly lower than EWL's 4.60% return. Over the past 10 years, BARIX has outperformed EWL with an annualized return of 11.45%, while EWL has yielded a comparatively lower 10.14% annualized return.
BARIX
- 1D
- 0.43%
- 1M
- 9.83%
- YTD
- 0.84%
- 6M
- 0.23%
- 1Y
- 4.48%
- 3Y*
- 10.21%
- 5Y*
- 2.48%
- 10Y*
- 11.45%
EWL
- 1D
- -0.30%
- 1M
- 1.55%
- YTD
- 4.60%
- 6M
- 7.45%
- 1Y
- 13.57%
- 3Y*
- 12.47%
- 5Y*
- 6.50%
- 10Y*
- 10.14%
BARIX vs. EWL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BARIX Baron Asset Fund Institutional Class | 0.84% | 8.17% | 10.64% | 17.36% | -25.87% | 14.17% | 33.32% | 37.98% | 0.13% | 26.55% |
EWL iShares MSCI Switzerland ETF | 4.60% | 32.92% | -2.80% | 17.67% | -18.89% | 20.20% | 11.80% | 31.58% | -9.21% | 23.34% |
Correlation
The correlation between BARIX and EWL is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since May 29, 2009 | 0.62 |
The correlation between BARIX and EWL shifts across timeframes, from 0.46 (1 year) to 0.62 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BARIX vs. EWL — Risk / Return Rank
BARIX
EWL
BARIX vs. EWL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Asset Fund Institutional Class (BARIX) and iShares MSCI Switzerland ETF (EWL). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BARIX | EWL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.15 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 0.44 | 1.01 | -0.57 |
| Martin ratioReturn relative to average drawdown | 0.91 | 3.24 | -2.33 |
Loading charts...
Drawdowns
BARIX vs. EWL - Drawdown Comparison
The maximum BARIX drawdown since its inception was -37.44%, smaller than the maximum EWL drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for BARIX and EWL.
Loading charts...
Drawdown Indicators
| BARIX | EWL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.44% | -51.62% | +14.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.68% | -13.48% | +2.80% |
Max Drawdown (3Y)Largest decline over 3 years | -17.78% | -13.48% | -4.30% |
Max Drawdown (5Y)Largest decline over 5 years | -37.44% | -28.99% | -8.45% |
Max Drawdown (10Y)Largest decline over 10 years | -37.44% | -28.99% | -8.45% |
Current DrawdownCurrent decline from peak | -1.45% | -3.63% | +2.18% |
Average DrawdownAverage peak-to-trough decline | -6.73% | -11.08% | +4.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.16% | 4.22% | +0.94% |
Volatility
BARIX vs. EWL - Volatility Comparison
Baron Asset Fund Institutional Class (BARIX) has a higher volatility of 7.48% compared to iShares MSCI Switzerland ETF (EWL) at 5.12%. This indicates that BARIX's price experiences larger fluctuations and is considered to be riskier than EWL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BARIX | EWL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.48% | 5.12% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 11.11% | 12.70% | -1.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.36% | 16.09% | +0.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.80% | 16.13% | +3.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.96% | 16.47% | +3.49% |
BARIX vs. EWL - Expense Ratio Comparison
BARIX has a 1.03% expense ratio, which is higher than EWL's 0.50% expense ratio.
Dividends
BARIX vs. EWL - Dividend Comparison
BARIX's dividend yield for the trailing twelve months is around 10.50%, more than EWL's 1.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BARIX Baron Asset Fund Institutional Class | 10.50% | 10.59% | 17.88% | 3.28% | 0.01% | 7.26% | 2.92% | 1.70% | 7.14% | 7.01% | 4.74% | 11.23% |
EWL iShares MSCI Switzerland ETF | 1.63% | 1.71% | 2.21% | 2.12% | 2.04% | 1.73% | 1.45% | 1.85% | 2.56% | 2.05% | 2.75% | 2.58% |
Frequently Asked Questions
BARIX and EWL have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BARIX has higher volatility (7.48%) compared to EWL (5.12%). In terms of maximum drawdown, BARIX dropped -37.44% vs EWL's -51.62%.
EWL currently has the higher Sharpe Ratio (0.85 vs 0.29), 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.
Find the right allocation for BARIX and EWL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer