IOEZX vs. BWBIX

Last updated Apr 1, 2026

Compare and contrast key facts about ICON Equity Income Fund (IOEZX) and Baron WealthBuilder Fund (BWBIX).

IOEZX is managed by ICON Funds. It was launched on May 9, 2004. BWBIX is managed by Baron Capital Group, Inc.. It was launched on Dec 28, 2017.

Performance

IOEZX vs. BWBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ICON Equity Income Fund (IOEZX) and Baron WealthBuilder Fund (BWBIX). The values are adjusted to include any dividend payments, if applicable.

IOEZX vs. BWBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
IOEZX ICON Equity Income Fund	8.64%	14.29%	6.12%	3.82%	-13.56%	24.15%	3.16%	27.70%	-12.69%
BWBIX Baron WealthBuilder Fund	-9.86%	10.23%	19.62%	25.77%	-32.58%	14.76%	62.85%	36.41%	-12.02%

Returns By Period

In the year-to-date period, IOEZX achieves a 8.64% return, which is significantly higher than BWBIX's -9.86% return.

IOEZX

• 1D: -0.67%
• 1M: -4.99%
• YTD: 8.64%
• 6M: 12.25%
• 1Y: 19.34%
• 3Y*: 11.13%
• 5Y*: 4.83%
• 10Y*: 8.27%

BWBIX

• 1D: -0.10%
• 1M: -8.51%
• YTD: -9.86%
• 6M: -5.37%
• 1Y: 7.86%
• 3Y*: 10.63%
• 5Y*: 2.69%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IOEZX vs. BWBIX - Expense Ratio Comparison

IOEZX has a 1.00% expense ratio, which is higher than BWBIX's 0.05% expense ratio.

IOEZX

ICON Equity Income Fund

BWBIX

Baron WealthBuilder Fund

Return for Risk

IOEZX vs. BWBIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

IOEZX

IOEZX Risk / Return Rank: 70
IOEZX Sharpe Ratio Rank: 72
IOEZX Sortino Ratio Rank: 74
IOEZX Omega Ratio Rank: 65
IOEZX Calmar Ratio Rank: 70
IOEZX Martin Ratio Rank: 70

BWBIX

BWBIX Risk / Return Rank: 16
BWBIX Sharpe Ratio Rank: 15
BWBIX Sortino Ratio Rank: 17
BWBIX Omega Ratio Rank: 16
BWBIX Calmar Ratio Rank: 16
BWBIX Martin Ratio Rank: 17

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IOEZX vs. BWBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ICON Equity Income Fund (IOEZX) 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.

	IOEZX	BWBIX	Difference
Sharpe ratio Return per unit of total volatility	1.28	0.41	+0.88
Sortino ratio Return per unit of downside risk	1.84	0.75	+1.09
Omega ratio Gain probability vs. loss probability	1.25	1.10	+0.15
Calmar ratio Return relative to maximum drawdown	1.62	0.46	+1.16
Martin ratio Return relative to average drawdown	6.69	1.76	+4.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IOEZX vs. BWBIX - Sharpe Ratio Comparison

The current IOEZX Sharpe Ratio is 1.28, which is higher than the BWBIX Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of IOEZX and BWBIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IOEZX	BWBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.28	0.41	+0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.13	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.50	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.47	-0.08

Correlation

The correlation between IOEZX and BWBIX is 0.65, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

IOEZX vs. BWBIX - Dividend Comparison

IOEZX's dividend yield for the trailing twelve months is around 2.50%, less than BWBIX's 8.44% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IOEZX ICON Equity Income Fund	2.50%	3.56%	4.32%	3.75%	13.63%	12.92%	3.68%	4.74%	3.80%	3.13%	3.32%	4.24%
BWBIX Baron WealthBuilder Fund	8.44%	7.61%	0.77%	0.06%	3.21%	3.75%	1.24%	3.51%	0.14%	0.00%	0.00%	0.00%

Drawdowns

IOEZX vs. BWBIX - Drawdown Comparison

The maximum IOEZX drawdown since its inception was -56.15%, which is greater than BWBIX's maximum drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for IOEZX and BWBIX.

Drawdown Indicators

	IOEZX	BWBIX	Difference
Max Drawdown Largest peak-to-trough decline	-56.15%	-39.14%	-17.01%
Max Drawdown (1Y) Largest decline over 1 year	-11.71%	-12.76%	+1.05%
Max Drawdown (5Y) Largest decline over 5 years	-21.47%	-39.14%	+17.67%
Max Drawdown (10Y) Largest decline over 10 years	-38.12%	—	—
Current Drawdown Current decline from peak	-4.99%	-11.65%	+6.66%
Average Drawdown Average peak-to-trough decline	-8.64%	-11.88%	+3.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	3.35%	-0.51%

Volatility

IOEZX vs. BWBIX - Volatility Comparison

ICON Equity Income Fund (IOEZX) and Baron WealthBuilder Fund (BWBIX) have volatilities of 4.25% and 4.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IOEZX	BWBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.25%	4.45%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	8.69%	11.07%	-2.38%
Volatility (1Y) Calculated over the trailing 1-year period	15.56%	19.80%	-4.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.90%	21.17%	-7.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.44%	23.30%	-6.86%