BWBIX vs. FDFIX
Compare and contrast key facts about Baron WealthBuilder Fund (BWBIX) and Fidelity Flex 500 Index Fund (FDFIX).
BWBIX is managed by Baron Capital Group, Inc.. It was launched on Dec 28, 2017. FDFIX is managed by Fidelity. It was launched on Mar 9, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BWBIX or FDFIX.
Key characteristics
| BWBIX | FDFIX | |
|---|---|---|
| YTD Return | -2.97% | 4.60% |
| 1Y Return | 11.45% | 22.04% |
| 3Y Return (Ann) | -3.88% | 7.62% |
| 5Y Return (Ann) | 11.83% | 13.08% |
| Sharpe Ratio | 0.77 | 1.82 |
| Daily Std Dev | 15.66% | 11.80% |
| Max Drawdown | -39.14% | -33.77% |
| Current Drawdown | -21.84% | -5.41% |
Correlation
The correlation between BWBIX and FDFIX is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BWBIX vs. FDFIX - Performance Comparison
In the year-to-date period, BWBIX achieves a -2.97% return, which is significantly lower than FDFIX's 4.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BWBIX vs. FDFIX - Expense Ratio Comparison
BWBIX has a 0.05% expense ratio, which is higher than FDFIX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
BWBIX vs. FDFIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron WealthBuilder Fund (BWBIX) and Fidelity Flex 500 Index Fund (FDFIX). 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.
Dividends
BWBIX vs. FDFIX - Dividend Comparison
BWBIX's dividend yield for the trailing twelve months is around 0.07%, less than FDFIX's 1.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
BWBIX Baron WealthBuilder Fund | 0.07% | 0.06% | 3.21% | 5.48% | 1.24% | 3.51% | 0.14% | 0.00% |
FDFIX Fidelity Flex 500 Index Fund | 1.42% | 1.48% | 1.70% | 1.27% | 1.52% | 1.78% | 2.16% | 0.92% |
Drawdowns
BWBIX vs. FDFIX - Drawdown Comparison
The maximum BWBIX drawdown since its inception was -39.14%, which is greater than FDFIX's maximum drawdown of -33.77%. Use the drawdown chart below to compare losses from any high point for BWBIX and FDFIX. For additional features, visit the drawdowns tool.
Volatility
BWBIX vs. FDFIX - Volatility Comparison
Baron WealthBuilder Fund (BWBIX) has a higher volatility of 4.21% compared to Fidelity Flex 500 Index Fund (FDFIX) at 3.04%. This indicates that BWBIX's price experiences larger fluctuations and is considered to be riskier than FDFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.