GWGIX vs. BARAX
Compare and contrast key facts about AMG GW&K Small/Mid Cap Fund (GWGIX) and Baron Asset Fund (BARAX).
GWGIX is managed by AMG. It was launched on Jun 30, 2015. BARAX is managed by Baron Capital Group, Inc.. It was launched on Jun 12, 1987.
Performance
GWGIX vs. BARAX - Performance Comparison
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GWGIX vs. BARAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GWGIX AMG GW&K Small/Mid Cap Fund | 3.53% | 1.53% | 10.85% | 14.76% | -18.09% | 26.01% | 23.31% | 31.02% | -8.14% | 15.44% |
BARAX Baron Asset Fund | -7.87% | 7.89% | 10.35% | 17.05% | -26.06% | 13.88% | 32.98% | 37.64% | -0.15% | 26.18% |
Returns By Period
In the year-to-date period, GWGIX achieves a 3.53% return, which is significantly higher than BARAX's -7.87% return. Both investments have delivered pretty close results over the past 10 years, with GWGIX having a 10.12% annualized return and BARAX not far ahead at 10.32%.
GWGIX
- 1D
- 3.32%
- 1M
- -5.86%
- YTD
- 3.53%
- 6M
- 2.05%
- 1Y
- 14.15%
- 3Y*
- 8.74%
- 5Y*
- 4.28%
- 10Y*
- 10.12%
BARAX
- 1D
- 1.64%
- 1M
- -5.84%
- YTD
- -7.87%
- 6M
- -0.37%
- 1Y
- 2.50%
- 3Y*
- 6.84%
- 5Y*
- 1.42%
- 10Y*
- 10.32%
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GWGIX vs. BARAX - Expense Ratio Comparison
GWGIX has a 0.87% expense ratio, which is lower than BARAX's 1.29% expense ratio.
Return for Risk
GWGIX vs. BARAX — Risk / Return Rank
GWGIX
BARAX
GWGIX vs. BARAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AMG GW&K Small/Mid Cap Fund (GWGIX) and Baron Asset Fund (BARAX). 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.
| GWGIX | BARAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.13 | +0.54 |
Sortino ratioReturn per unit of downside risk | 1.08 | 0.35 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.14 | 1.04 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 0.36 | +0.46 |
Martin ratioReturn relative to average drawdown | 3.12 | 0.90 | +2.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GWGIX | BARAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.13 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.22 | 0.07 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | 0.52 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.49 | +0.01 |
Correlation
The correlation between GWGIX and BARAX is 0.83, 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.
Dividends
GWGIX vs. BARAX - Dividend Comparison
GWGIX has not paid dividends to shareholders, while BARAX's dividend yield for the trailing twelve months is around 12.49%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GWGIX AMG GW&K Small/Mid Cap Fund | 0.00% | 0.00% | 0.95% | 0.19% | 4.22% | 5.45% | 0.12% | 0.37% | 2.48% | 1.46% | 0.05% | 0.00% |
BARAX Baron Asset Fund | 12.49% | 11.51% | 19.23% | 3.48% | 0.01% | 7.65% | 3.05% | 1.78% | 7.42% | 7.25% | 4.88% | 11.50% |
Drawdowns
GWGIX vs. BARAX - Drawdown Comparison
The maximum GWGIX drawdown since its inception was -37.41%, smaller than the maximum BARAX drawdown of -59.71%. Use the drawdown chart below to compare losses from any high point for GWGIX and BARAX.
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Drawdown Indicators
| GWGIX | BARAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.41% | -59.71% | +22.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.61% | -11.12% | -2.49% |
Max Drawdown (5Y)Largest decline over 5 years | -27.18% | -37.53% | +10.35% |
Max Drawdown (10Y)Largest decline over 10 years | -37.41% | -37.53% | +0.12% |
Current DrawdownCurrent decline from peak | -6.91% | -9.28% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -7.05% | -11.44% | +4.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.64% | 4.44% | -0.80% |
Volatility
GWGIX vs. BARAX - Volatility Comparison
AMG GW&K Small/Mid Cap Fund (GWGIX) has a higher volatility of 7.36% compared to Baron Asset Fund (BARAX) at 3.90%. This indicates that GWGIX's price experiences larger fluctuations and is considered to be riskier than BARAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GWGIX | BARAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.36% | 3.90% | +3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 13.22% | 11.83% | +1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.97% | 19.02% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.80% | 19.56% | +0.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 19.79% | +0.41% |