BGAIX vs. GWOAX
Compare and contrast key facts about Baron Global Advantage Fund (BGAIX) and GMO Global Developed Equity Allocation Fund (GWOAX).
BGAIX is managed by Baron Capital Group, Inc.. It was launched on Apr 29, 2012. GWOAX is managed by GMO. It was launched on Jun 15, 2005.
Performance
BGAIX vs. GWOAX - Performance Comparison
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BGAIX vs. GWOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGAIX Baron Global Advantage Fund | -4.80% | 27.53% | 26.42% | 25.56% | -51.56% | 0.90% | 79.46% | 45.45% | -3.66% | 49.82% |
GWOAX GMO Global Developed Equity Allocation Fund | 3.10% | 28.37% | 6.14% | 22.49% | -14.10% | 18.53% | 10.53% | 26.56% | -12.95% | 25.63% |
Returns By Period
In the year-to-date period, BGAIX achieves a -4.80% return, which is significantly lower than GWOAX's 3.10% return. Over the past 10 years, BGAIX has outperformed GWOAX with an annualized return of 13.93%, while GWOAX has yielded a comparatively lower 11.04% annualized return.
BGAIX
- 1D
- 3.34%
- 1M
- -3.19%
- YTD
- -4.80%
- 6M
- 1.29%
- 1Y
- 33.48%
- 3Y*
- 20.77%
- 5Y*
- -1.24%
- 10Y*
- 13.93%
GWOAX
- 1D
- 2.74%
- 1M
- -5.28%
- YTD
- 3.10%
- 6M
- 9.71%
- 1Y
- 28.87%
- 3Y*
- 17.19%
- 5Y*
- 9.50%
- 10Y*
- 11.04%
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BGAIX vs. GWOAX - Expense Ratio Comparison
BGAIX has a 0.90% expense ratio, which is higher than GWOAX's 0.01% expense ratio.
Return for Risk
BGAIX vs. GWOAX — Risk / Return Rank
BGAIX
GWOAX
BGAIX vs. GWOAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Global Advantage Fund (BGAIX) and GMO Global Developed Equity Allocation Fund (GWOAX). 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.
| BGAIX | GWOAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.35 | 1.83 | -0.48 |
Sortino ratioReturn per unit of downside risk | 2.14 | 2.51 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.52 | +0.26 |
Martin ratioReturn relative to average drawdown | 9.22 | 11.23 | -2.01 |
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
| BGAIX | GWOAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.35 | 1.83 | -0.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | 0.63 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.67 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.44 | +0.06 |
Correlation
The correlation between BGAIX and GWOAX 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
BGAIX vs. GWOAX - Dividend Comparison
BGAIX's dividend yield for the trailing twelve months is around 0.20%, less than GWOAX's 4.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGAIX Baron Global Advantage Fund | 0.20% | 0.19% | 0.00% | 0.00% | 1.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.42% |
GWOAX GMO Global Developed Equity Allocation Fund | 4.33% | 4.46% | 0.60% | 6.10% | 7.27% | 12.75% | 3.85% | 4.33% | 3.02% | 3.05% | 6.43% | 12.47% |
Drawdowns
BGAIX vs. GWOAX - Drawdown Comparison
The maximum BGAIX drawdown since its inception was -61.14%, which is greater than GWOAX's maximum drawdown of -49.84%. Use the drawdown chart below to compare losses from any high point for BGAIX and GWOAX.
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Drawdown Indicators
| BGAIX | GWOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.14% | -49.84% | -11.30% |
Max Drawdown (1Y)Largest decline over 1 year | -11.50% | -11.43% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -61.14% | -26.21% | -34.93% |
Max Drawdown (10Y)Largest decline over 10 years | -61.14% | -35.28% | -25.86% |
Current DrawdownCurrent decline from peak | -22.49% | -6.28% | -16.21% |
Average DrawdownAverage peak-to-trough decline | -17.04% | -9.06% | -7.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.56% | +0.91% |
Volatility
BGAIX vs. GWOAX - Volatility Comparison
Baron Global Advantage Fund (BGAIX) has a higher volatility of 6.87% compared to GMO Global Developed Equity Allocation Fund (GWOAX) at 5.89%. This indicates that BGAIX's price experiences larger fluctuations and is considered to be riskier than GWOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGAIX | GWOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.87% | 5.89% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 16.63% | 9.70% | +6.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.40% | 15.92% | +9.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.30% | 15.21% | +15.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.68% | 16.48% | +10.20% |