BGAIX vs. OBEGX

Last updated Jun 24, 2026

BGAIX (Baron Global Advantage Fund) and OBEGX (Oberweis Global Opportunities Fund) are both Global Equities funds. Over the past 10 years, BGAIX returned 16.29%/yr vs 12.77%/yr for OBEGX. A 0.78 correlation means they provide meaningful diversification when combined. BGAIX charges 0.90%/yr vs 1.51%/yr for OBEGX.

Performance

BGAIX vs. OBEGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Baron Global Advantage Fund (BGAIX) and Oberweis Global Opportunities Fund (OBEGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BGAIX achieves a 14.51% return, which is significantly lower than OBEGX's 31.52% return. Over the past 10 years, BGAIX has outperformed OBEGX with an annualized return of 16.29%, while OBEGX has yielded a comparatively lower 12.77% annualized return.

BGAIX

• 1D: -4.43%
• 1M: 8.21%
• YTD: 14.51%
• 6M: 13.48%
• 1Y: 37.33%
• 3Y*: 26.53%
• 5Y*: 0.67%
• 10Y*: 16.29%

OBEGX

• 1D: 1.40%
• 1M: 3.92%
• YTD: 31.52%
• 6M: 29.43%
• 1Y: 48.99%
• 3Y*: 20.64%
• 5Y*: 6.55%
• 10Y*: 12.77%

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

BGAIX vs. OBEGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BGAIX Baron Global Advantage Fund	14.51%	27.53%	26.42%	25.56%	-51.56%	0.90%	79.46%	45.45%	-3.66%	49.82%
OBEGX Oberweis Global Opportunities Fund	31.52%	19.32%	10.72%	6.40%	-26.76%	20.80%	55.68%	25.67%	-25.62%	33.35%

Correlation

The correlation between BGAIX and OBEGX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (10Y) Calculated over the trailing 10-year period	0.78
Correlation (All Time) Calculated using the full available price history since Apr 30, 2012	0.78

The correlation between BGAIX and OBEGX shifts across timeframes, from 0.64 (1 year) to 0.78 (10 years), reflecting how their relationship changes across market environments.

Return for Risk

BGAIX vs. OBEGX — Risk / Return Rank

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

BGAIX

BGAIX Risk / Return Rank: 55
BGAIX Sharpe Ratio Rank: 40
BGAIX Sortino Ratio Rank: 45
BGAIX Omega Ratio Rank: 44
BGAIX Calmar Ratio Rank: 83
BGAIX Martin Ratio Rank: 62

OBEGX

OBEGX Risk / Return Rank: 79
OBEGX Sharpe Ratio Rank: 79
OBEGX Sortino Ratio Rank: 69
OBEGX Omega Ratio Rank: 64
OBEGX Calmar Ratio Rank: 91
OBEGX Martin Ratio Rank: 89

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. OBEGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Baron Global Advantage Fund (BGAIX) and Oberweis Global Opportunities Fund (OBEGX). 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.

	BGAIX	OBEGX	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.40	-0.68
Sortino ratio: Return per unit of downside risk	2.60	3.16	-0.56
Omega ratio: Gain probability vs. loss probability	1.33	1.40	-0.07
Calmar ratio: Return relative to maximum drawdown	3.67	4.54	-0.87
Martin ratio: Return relative to average drawdown	11.58	16.25	-4.68

BGAIX vs. OBEGX - Sharpe Ratio Comparison

The current BGAIX Sharpe Ratio is 1.72, which is comparable to the OBEGX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of BGAIX and OBEGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BGAIX vs. OBEGX - Drawdown Comparison

The maximum BGAIX drawdown since its inception was -61.14%, smaller than the maximum OBEGX drawdown of -83.07%. Use the drawdown chart below to compare losses from any high point for BGAIX and OBEGX.

Drawdown Indicators

	BGAIX	OBEGX	Difference
Max Drawdown Largest peak-to-trough decline	-61.14%	-83.07%	+21.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.69%	-11.24%	+0.55%
Max Drawdown (3Y) Largest decline over 3 years	-26.52%	-25.41%	-1.11%
Max Drawdown (5Y) Largest decline over 5 years	-61.14%	-39.68%	-21.46%
Max Drawdown (10Y) Largest decline over 10 years	-61.14%	-41.54%	-19.60%
Current Drawdown Current decline from peak	-6.77%	0.00%	-6.77%
Average Drawdown Average peak-to-trough decline	-16.99%	-33.67%	+16.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	3.14%	+0.24%

Volatility

BGAIX vs. OBEGX - Volatility Comparison

Baron Global Advantage Fund (BGAIX) has a higher volatility of 11.20% compared to Oberweis Global Opportunities Fund (OBEGX) at 7.45%. This indicates that BGAIX's price experiences larger fluctuations and is considered to be riskier than OBEGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BGAIX	OBEGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.20%	7.45%	+3.75%
Volatility (6M) Calculated over the trailing 6-month period	16.14%	17.03%	-0.89%
Volatility (1Y) Calculated over the trailing 1-year period	22.82%	21.31%	+1.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.45%	23.35%	+7.10%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.90%	22.70%	+4.20%

BGAIX vs. OBEGX - Expense Ratio Comparison

BGAIX has a 0.90% expense ratio, which is lower than OBEGX's 1.51% expense ratio.

Dividends

BGAIX vs. OBEGX - Dividend Comparison

BGAIX's dividend yield for the trailing twelve months is around 0.17%, less than OBEGX's 9.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BGAIX Baron Global Advantage Fund	0.17%	0.19%	0.00%	0.00%	1.98%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.42%
OBEGX Oberweis Global Opportunities Fund	9.62%	12.66%	0.00%	0.00%	2.64%	25.09%	5.80%	0.00%	6.68%	13.37%	1.12%	14.32%

Frequently Asked Questions

Can I hold both BGAIX and OBEGX in my portfolio?

BGAIX and OBEGX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BGAIX or OBEGX?

BGAIX has higher volatility (11.20%) compared to OBEGX (7.45%). In terms of maximum drawdown, BGAIX dropped -61.14% vs OBEGX's -83.07%.

Which has better risk-adjusted returns?

OBEGX currently has the higher Sharpe Ratio (2.40 vs 1.72), 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.