BWBIX vs. HDOGX
BWBIX (Baron WealthBuilder Fund) and HDOGX (Hennessy Total Return Fund) are both Diversified Portfolio funds. Over the past 5 years, BWBIX returned 3.19%/yr vs 8.45%/yr for HDOGX. Their 0.50 correlation means their historical movements had little consistent relationship. BWBIX charges 0.05%/yr vs 1.77%/yr for HDOGX.
Performance
BWBIX vs. HDOGX - Performance Comparison
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Returns By Period
In the year-to-date period, BWBIX achieves a 0.60% return, which is significantly lower than HDOGX's 8.38% return.
BWBIX
- 1D
- -0.18%
- 1M
- -5.58%
- 6M
- 2.30%
- YTD
- 0.60%
- 1Y
- 9.45%
- 3Y*
- 11.07%
- 5Y*
- 3.19%
- 10Y*
- —
- ALL TIME*
- 11.96%
HDOGX
- 1D
- 0.06%
- 1M
- 1.04%
- 6M
- 4.92%
- YTD
- 8.38%
- 1Y
- 16.34%
- 3Y*
- 10.41%
- 5Y*
- 8.45%
- 10Y*
- 6.78%
- ALL TIME*
- 5.42%
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 |
BWBIX vs. HDOGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BWBIX Baron WealthBuilder Fund | 0.60% | 10.23% | 19.62% | 25.77% | -32.58% | 14.76% | 62.85% | 36.41% | -12.02% |
HDOGX Hennessy Total Return Fund | 8.38% | 14.31% | 2.89% | 8.07% | 6.68% | 11.80% | -4.79% | 12.56% | 1.35% |
Correlation
The correlation between BWBIX and HDOGX is 0.22, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.22 |
Correlation (3Y) Balances recent behavior with more history. | 0.40 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.47 |
Correlation (All Time) Calculated using the full available price history since May 21, 2018 | 0.50 |
Over the past year, the correlation between BWBIX and HDOGX has dropped to 0.22 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
BWBIX vs. HDOGX — Risk / Return Rank
BWBIX
HDOGX
BWBIX vs. HDOGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Baron WealthBuilder Fund (BWBIX) and Hennessy Total Return Fund (HDOGX). 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.
| BWBIX | HDOGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.36 | -0.26 |
| Calmar ratioReturn relative to maximum drawdown | 0.69 | 2.94 | -2.24 |
| Martin ratioReturn relative to average drawdown | 2.12 | 6.48 | -4.36 |
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Drawdowns
BWBIX vs. HDOGX - Drawdown Comparison
The maximum BWBIX drawdown since its inception was -39.14%, smaller than the maximum HDOGX drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for BWBIX and HDOGX.
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Drawdown Indicators
| BWBIX | HDOGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.14% | -53.25% | +14.11% |
Max Drawdown (1Y)Largest decline over 1 year | -11.65% | -5.67% | -5.98% |
Max Drawdown (3Y)Largest decline over 3 years | -21.59% | -7.97% | -13.62% |
Max Drawdown (5Y)Largest decline over 5 years | -39.14% | -14.84% | -24.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -25.37% | — |
Current DrawdownCurrent decline from peak | -6.07% | -1.14% | -4.93% |
Average DrawdownAverage peak-to-trough decline | -11.55% | -6.80% | -4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.80% | 2.57% | +1.23% |
Volatility
BWBIX vs. HDOGX - Volatility Comparison
Baron WealthBuilder Fund (BWBIX) has a higher volatility of 4.30% compared to Hennessy Total Return Fund (HDOGX) at 3.75%. This indicates that BWBIX's price experiences larger fluctuations and is considered to be riskier than HDOGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BWBIX | HDOGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.30% | 3.75% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 12.20% | 6.72% | +5.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.10% | 8.49% | +7.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.30% | 10.16% | +11.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.09% | 11.73% | +11.36% |
BWBIX vs. HDOGX - Expense Ratio Comparison
BWBIX has a 0.05% expense ratio, which is lower than HDOGX's 1.77% expense ratio.
Dividends
BWBIX vs. HDOGX - Dividend Comparison
BWBIX's dividend yield for the trailing twelve months is around 7.56%, more than HDOGX's 2.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWBIX Baron WealthBuilder Fund | 7.56% | 7.61% | 0.77% | 0.06% | 3.21% | 3.75% | 1.24% | 3.51% | 0.14% | 0.00% | 0.00% | 0.00% |
HDOGX Hennessy Total Return Fund | 2.01% | 2.17% | 3.80% | 7.55% | 11.88% | 1.35% | 8.29% | 1.72% | 4.91% | 12.76% | 1.17% | 11.07% |
Frequently Asked Questions
BWBIX and HDOGX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWBIX has higher volatility (4.30%) compared to HDOGX (3.75%). In terms of maximum drawdown, BWBIX dropped -39.14% vs HDOGX's -53.25%.
HDOGX currently has the higher Sharpe Ratio (1.98 vs 0.50), 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.
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