BGAIX vs. MFWIX

Last updated Apr 1, 2026

Compare and contrast key facts about Baron Global Advantage Fund (BGAIX) and MFS Global Total Return Fund Class I (MFWIX).

BGAIX is managed by Baron Capital Group, Inc.. It was launched on Apr 29, 2012. MFWIX is managed by MFS. It was launched on Sep 4, 1990.

Performance

BGAIX vs. MFWIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Global Advantage Fund (BGAIX) and MFS Global Total Return Fund Class I (MFWIX). The values are adjusted to include any dividend payments, if applicable.

BGAIX vs. MFWIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGAIX Baron Global Advantage Fund	-7.87%	27.53%	26.42%	25.56%	-51.56%	0.90%	79.46%	45.45%	-3.66%	49.82%
MFWIX MFS Global Total Return Fund Class I	-0.47%	15.70%	4.25%	10.52%	-10.62%	8.59%	9.63%	18.49%	-6.96%	15.00%

Returns By Period

In the year-to-date period, BGAIX achieves a -7.87% return, which is significantly lower than MFWIX's -0.47% return. Over the past 10 years, BGAIX has outperformed MFWIX with an annualized return of 13.55%, while MFWIX has yielded a comparatively lower 6.19% annualized return.

BGAIX

• 1D: -0.66%
• 1M: -6.21%
• YTD: -7.87%
• 6M: -1.87%
• 1Y: 29.67%
• 3Y*: 19.45%
• 5Y*: -1.47%
• 10Y*: 13.55%

MFWIX

• 1D: 0.24%
• 1M: -6.50%
• YTD: -0.47%
• 6M: 2.00%
• 1Y: 11.28%
• 3Y*: 8.88%
• 5Y*: 4.75%
• 10Y*: 6.19%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BGAIX vs. MFWIX - Expense Ratio Comparison

BGAIX has a 0.90% expense ratio, which is higher than MFWIX's 0.84% expense ratio.

BGAIX

Baron Global Advantage Fund

MFWIX

MFS Global Total Return Fund Class I

Return for Risk

BGAIX vs. MFWIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BGAIX

BGAIX Risk / Return Rank: 71
BGAIX Sharpe Ratio Rank: 62
BGAIX Sortino Ratio Rank: 73
BGAIX Omega Ratio Rank: 63
BGAIX Calmar Ratio Rank: 85
BGAIX Martin Ratio Rank: 74

MFWIX

MFWIX Risk / Return Rank: 69
MFWIX Sharpe Ratio Rank: 73
MFWIX Sortino Ratio Rank: 71
MFWIX Omega Ratio Rank: 67
MFWIX Calmar Ratio Rank: 69
MFWIX Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BGAIX vs. MFWIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Global Advantage Fund (BGAIX) and MFS Global Total Return Fund Class I (MFWIX). 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	MFWIX	Difference
Sharpe ratio Return per unit of total volatility	1.10	1.29	-0.19
Sortino ratio Return per unit of downside risk	1.81	1.77	+0.04
Omega ratio Gain probability vs. loss probability	1.24	1.25	-0.01
Calmar ratio Return relative to maximum drawdown	2.12	1.59	+0.53
Martin ratio Return relative to average drawdown	7.09	6.26	+0.84
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BGAIX vs. MFWIX - Sharpe Ratio Comparison

The current BGAIX Sharpe Ratio is 1.10, which is comparable to the MFWIX Sharpe Ratio of 1.29. The chart below compares the historical Sharpe Ratios of BGAIX and MFWIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BGAIX	MFWIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	1.29	-0.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.05	0.52	-0.57
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.65	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.71	-0.21

Correlation

The correlation between BGAIX and MFWIX is 0.60, 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. MFWIX - Dividend Comparison

BGAIX's dividend yield for the trailing twelve months is around 0.21%, less than MFWIX's 8.81% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGAIX Baron Global Advantage Fund	0.21%	0.19%	0.00%	0.00%	1.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.42%
MFWIX MFS Global Total Return Fund Class I	8.81%	8.77%	9.36%	3.98%	2.94%	10.71%	7.53%	4.70%	3.64%	2.36%	1.40%	4.59%

Drawdowns

BGAIX vs. MFWIX - Drawdown Comparison

The maximum BGAIX drawdown since its inception was -61.14%, which is greater than MFWIX's maximum drawdown of -33.01%. Use the drawdown chart below to compare losses from any high point for BGAIX and MFWIX.

Drawdown Indicators

	BGAIX	MFWIX	Difference
Max Drawdown Largest peak-to-trough decline	-61.14%	-33.01%	-28.13%
Max Drawdown (1Y) Largest decline over 1 year	-11.50%	-6.85%	-4.65%
Max Drawdown (5Y) Largest decline over 5 years	-61.14%	-20.22%	-40.92%
Max Drawdown (10Y) Largest decline over 10 years	-61.14%	-23.36%	-37.78%
Current Drawdown Current decline from peak	-25.00%	-6.50%	-18.50%
Average Drawdown Average peak-to-trough decline	-17.04%	-3.83%	-13.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.43%	1.74%	+1.69%

Volatility

BGAIX vs. MFWIX - Volatility Comparison

Baron Global Advantage Fund (BGAIX) has a higher volatility of 5.86% compared to MFS Global Total Return Fund Class I (MFWIX) at 3.04%. This indicates that BGAIX's price experiences larger fluctuations and is considered to be riskier than MFWIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGAIX	MFWIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.86%	3.04%	+2.82%
Volatility (6M) Calculated over the trailing 6-month period	16.35%	5.25%	+11.10%
Volatility (1Y) Calculated over the trailing 1-year period	25.25%	8.85%	+16.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.29%	9.09%	+21.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.66%	9.60%	+17.06%