BGRIX vs. VWNDX
BGRIX (Baron Growth Fund Institutional Shares) and VWNDX (Vanguard Windsor Fund Investor Shares) are both mutual funds - BGRIX is a Mid Cap Growth Equities fund managed by Baron Capital, while VWNDX is a Large Cap Value Equities fund managed by Vanguard. Over the past 10 years, BGRIX returned 7.46%/yr vs 12.14%/yr for VWNDX. Their correlation of 0.81 means they have usually moved in the same direction. BGRIX charges 1.05%/yr vs 0.30%/yr for VWNDX.
Performance
BGRIX vs. VWNDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BGRIX achieves a -6.83% return, which is significantly lower than VWNDX's 14.03% return. Over the past 10 years, BGRIX has underperformed VWNDX with an annualized return of 7.46%, while VWNDX has yielded a comparatively higher 12.14% annualized return.
BGRIX
- 1D
- 0.77%
- 1M
- 2.33%
- 6M
- 1.19%
- YTD
- -6.83%
- 1Y
- -15.40%
- 3Y*
- -4.53%
- 5Y*
- -4.37%
- 10Y*
- 7.46%
- ALL TIME*
- 10.49%
VWNDX
- 1D
- 1.30%
- 1M
- 3.93%
- 6M
- 11.35%
- YTD
- 14.03%
- 1Y
- 26.14%
- 3Y*
- 14.08%
- 5Y*
- 11.13%
- 10Y*
- 12.14%
- ALL TIME*
- 9.04%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BGRIX vs. VWNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGRIX Baron Growth Fund Institutional Shares | -6.83% | -14.21% | 4.90% | 14.97% | -22.35% | 20.13% | 33.10% | 40.54% | -2.68% | 27.45% |
VWNDX Vanguard Windsor Fund Investor Shares | 14.03% | 13.30% | 9.53% | 15.00% | -3.15% | 27.77% | 7.38% | 30.39% | -12.48% | 18.15% |
Correlation
The correlation between BGRIX and VWNDX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 29, 2009 | 0.81 |
Over the past year, the correlation between BGRIX and VWNDX has dropped to 0.53 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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
BGRIX vs. VWNDX — Risk / Return Rank
BGRIX
VWNDX
BGRIX vs. VWNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron Growth Fund Institutional Shares (BGRIX) and Vanguard Windsor Fund Investor Shares (VWNDX). 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.
| BGRIX | VWNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.84 | ||
| Sortino ratioReturn per unit of downside risk | -3.97 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 1.40 | -0.49 |
| Calmar ratioReturn relative to maximum drawdown | -0.56 | 3.49 | -4.04 |
| Martin ratioReturn relative to average drawdown | -0.93 | 12.85 | -13.78 |
Loading charts...
Drawdowns
BGRIX vs. VWNDX - Drawdown Comparison
The maximum BGRIX drawdown since its inception was -41.12%, smaller than the maximum VWNDX drawdown of -61.48%. Use the drawdown chart below to compare losses from any high point for BGRIX and VWNDX.
Loading charts...
Drawdown Indicators
| BGRIX | VWNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.12% | -61.48% | +20.36% |
Max Drawdown (1Y)Largest decline over 1 year | -23.63% | -7.88% | -15.75% |
Max Drawdown (3Y)Largest decline over 3 years | -32.70% | -21.69% | -11.01% |
Max Drawdown (5Y)Largest decline over 5 years | -34.60% | -21.69% | -12.91% |
Max Drawdown (10Y)Largest decline over 10 years | -41.12% | -40.12% | -1.00% |
Current DrawdownCurrent decline from peak | -26.33% | 0.00% | -26.33% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -8.89% | +1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 14.61% | 2.13% | +12.48% |
Volatility
BGRIX vs. VWNDX - Volatility Comparison
Baron Growth Fund Institutional Shares (BGRIX) has a higher volatility of 10.20% compared to Vanguard Windsor Fund Investor Shares (VWNDX) at 3.33%. This indicates that BGRIX's price experiences larger fluctuations and is considered to be riskier than VWNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BGRIX | VWNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 3.33% | +6.87% |
Volatility (6M)Calculated over the trailing 6-month period | 19.45% | 8.86% | +10.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.85% | 12.26% | +10.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.91% | 17.26% | +3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.47% | 19.51% | +1.96% |
BGRIX vs. VWNDX - Expense Ratio Comparison
BGRIX has a 1.05% expense ratio, which is higher than VWNDX's 0.30% expense ratio.
Dividends
BGRIX vs. VWNDX - Dividend Comparison
BGRIX's dividend yield for the trailing twelve months is around 21.17%, more than VWNDX's 6.72% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRIX Baron Growth Fund Institutional Shares | 21.17% | 19.72% | 11.30% | 1.69% | 5.72% | 7.38% | 4.45% | 3.55% | 8.12% | 11.36% | 12.56% | 9.37% |
VWNDX Vanguard Windsor Fund Investor Shares | 6.72% | 7.78% | 12.48% | 8.24% | 15.38% | 11.46% | 8.37% | 10.26% | 13.15% | 3.51% | 4.89% | 8.51% |
Frequently Asked Questions
BGRIX and VWNDX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGRIX has higher volatility (10.20%) compared to VWNDX (3.33%). In terms of maximum drawdown, BGRIX dropped -41.12% vs VWNDX's -61.48%.
VWNDX currently has the higher Sharpe Ratio (2.24 vs -0.60), 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 BGRIX and VWNDX
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