CONWX vs. BWBIX
CONWX (Concorde Wealth Management Fund) and BWBIX (Baron WealthBuilder Fund) are both Diversified Portfolio funds. Over the past 5 years, CONWX returned 6.58%/yr vs 3.22%/yr for BWBIX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. CONWX charges 1.41%/yr vs 0.05%/yr for BWBIX.
Performance
CONWX vs. BWBIX - Performance Comparison
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Returns By Period
In the year-to-date period, CONWX achieves a 7.66% return, which is significantly higher than BWBIX's 0.78% return.
CONWX
- 1D
- 0.19%
- 1M
- 0.73%
- 6M
- 3.04%
- YTD
- 7.66%
- 1Y
- 16.33%
- 3Y*
- 11.21%
- 5Y*
- 6.58%
- 10Y*
- 8.13%
- ALL TIME*
- 8.52%
BWBIX
- 1D
- -0.64%
- 1M
- -5.41%
- 6M
- 2.24%
- YTD
- 0.78%
- 1Y
- 9.65%
- 3Y*
- 10.86%
- 5Y*
- 3.22%
- 10Y*
- —
- ALL TIME*
- 11.99%
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 |
CONWX vs. BWBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
CONWX Concorde Wealth Management Fund | 7.66% | 11.95% | 13.58% | 0.20% | -2.51% | 19.73% | 8.76% | 16.84% | -5.11% |
BWBIX Baron WealthBuilder Fund | 0.78% | 10.23% | 19.62% | 25.77% | -32.58% | 14.76% | 62.85% | 36.41% | -12.02% |
Correlation
The correlation between CONWX and BWBIX is 0.36, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.36 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 21, 2018 | 0.66 |
Over the past year, the correlation between CONWX and BWBIX has dropped to 0.36 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
CONWX vs. BWBIX — Risk / Return Rank
CONWX
BWBIX
CONWX vs. BWBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Concorde Wealth Management Fund (CONWX) and Baron WealthBuilder Fund (BWBIX). 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.
| CONWX | BWBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.69 | ||
| Sortino ratioReturn per unit of downside risk | +2.34 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.09 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.43 | 0.64 | +2.79 |
| Martin ratioReturn relative to average drawdown | 8.32 | 1.96 | +6.36 |
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Drawdowns
CONWX vs. BWBIX - Drawdown Comparison
The maximum CONWX drawdown since its inception was -26.09%, smaller than the maximum BWBIX drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for CONWX and BWBIX.
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Drawdown Indicators
| CONWX | BWBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.09% | -39.14% | +13.05% |
Max Drawdown (1Y)Largest decline over 1 year | -4.44% | -11.65% | +7.21% |
Max Drawdown (3Y)Largest decline over 3 years | -9.86% | -21.59% | +11.73% |
Max Drawdown (5Y)Largest decline over 5 years | -12.49% | -39.14% | +26.65% |
Max Drawdown (10Y)Largest decline over 10 years | -26.09% | — | — |
Current DrawdownCurrent decline from peak | -2.50% | -5.90% | +3.40% |
Average DrawdownAverage peak-to-trough decline | -2.79% | -11.55% | +8.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.83% | 3.79% | -1.96% |
Volatility
CONWX vs. BWBIX - Volatility Comparison
The current volatility for Concorde Wealth Management Fund (CONWX) is 1.88%, while Baron WealthBuilder Fund (BWBIX) has a volatility of 4.30%. This indicates that CONWX experiences smaller price fluctuations and is considered to be less risky than BWBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CONWX | BWBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.88% | 4.30% | -2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 5.07% | 12.24% | -7.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.07% | 16.10% | -9.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.15% | 21.31% | -11.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.99% | 23.09% | -12.10% |
CONWX vs. BWBIX - Expense Ratio Comparison
CONWX has a 1.41% expense ratio, which is higher than BWBIX's 0.05% expense ratio.
Dividends
CONWX vs. BWBIX - Dividend Comparison
CONWX's dividend yield for the trailing twelve months is around 3.43%, less than BWBIX's 7.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BWBIX Baron WealthBuilder Fund | 7.55% | 7.61% | 0.77% | 0.06% | 3.21% | 3.75% | 1.24% | 3.51% | 0.14% | 0.00% |
CONWX Concorde Wealth Management Fund | 3.43% | 3.69% | 10.55% | 2.16% | 7.85% | 3.63% | 3.86% | 2.16% | 5.09% | 2.48% |
Frequently Asked Questions
CONWX and BWBIX have a correlation of 0.36, 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 CONWX (1.88%). In terms of maximum drawdown, CONWX dropped -26.09% vs BWBIX's -39.14%.
CONWX currently has the higher Sharpe Ratio (2.15 vs 0.46), 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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