IRMIX vs. BWBIX
IRMIX (Voya Retirement Moderate Portfolio) and BWBIX (Baron WealthBuilder Fund) are both Diversified Portfolio funds. Over the past 5 years, IRMIX returned 4.54%/yr vs 4.25%/yr for BWBIX. Their correlation of 0.82 suggests significant overlap in exposure. IRMIX charges 0.27%/yr vs 0.05%/yr for BWBIX.
Performance
IRMIX vs. BWBIX - Performance Comparison
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Returns By Period
In the year-to-date period, IRMIX achieves a 5.05% return, which is significantly lower than BWBIX's 5.53% return.
IRMIX
- 1D
- -0.28%
- 1M
- -0.66%
- 6M
- 5.05%
- YTD
- 5.05%
- 1Y
- 11.21%
- 3Y*
- 10.06%
- 5Y*
- 4.54%
- 10Y*
- 6.50%
BWBIX
- 1D
- -0.26%
- 1M
- 4.76%
- 6M
- 5.53%
- YTD
- 5.53%
- 1Y
- 14.71%
- 3Y*
- 13.86%
- 5Y*
- 4.25%
- 10Y*
- —
IRMIX vs. BWBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
IRMIX Voya Retirement Moderate Portfolio | 5.05% | 12.07% | 8.18% | 11.66% | -14.89% | 10.03% | 12.48% | 17.58% | -6.62% |
BWBIX Baron WealthBuilder Fund | 5.53% | 10.23% | 19.62% | 25.77% | -32.58% | 14.76% | 62.85% | 36.41% | -12.02% |
Correlation
The correlation between IRMIX and BWBIX is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since May 21, 2018 | 0.82 |
The correlation between IRMIX and BWBIX has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
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Return for Risk
IRMIX vs. BWBIX — Risk / Return Rank
IRMIX
BWBIX
IRMIX vs. BWBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Voya Retirement Moderate Portfolio (IRMIX) 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.
| IRMIX | BWBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.18 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 1.27 | +1.31 |
| Martin ratioReturn relative to average drawdown | 11.82 | 4.09 | +7.73 |
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Drawdowns
IRMIX vs. BWBIX - Drawdown Comparison
The maximum IRMIX drawdown since its inception was -19.50%, smaller than the maximum BWBIX drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for IRMIX and BWBIX.
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Drawdown Indicators
| IRMIX | BWBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.50% | -39.14% | +19.64% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -11.65% | +6.81% |
Max Drawdown (3Y)Largest decline over 3 years | -6.69% | -21.59% | +14.90% |
Max Drawdown (5Y)Largest decline over 5 years | -19.50% | -39.14% | +19.64% |
Max Drawdown (10Y)Largest decline over 10 years | -19.50% | — | — |
Current DrawdownCurrent decline from peak | -0.66% | -1.46% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -2.95% | -11.63% | +8.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 3.61% | -2.59% |
Volatility
IRMIX vs. BWBIX - Volatility Comparison
The current volatility for Voya Retirement Moderate Portfolio (IRMIX) is 2.52%, while Baron WealthBuilder Fund (BWBIX) has a volatility of 7.42%. This indicates that IRMIX 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
| IRMIX | BWBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.52% | 7.42% | -4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 5.19% | 11.93% | -6.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.43% | 15.71% | -9.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.98% | 21.28% | -13.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 23.16% | -14.75% |
IRMIX vs. BWBIX - Expense Ratio Comparison
IRMIX has a 0.27% expense ratio, which is higher than BWBIX's 0.05% 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%.
Dividends
IRMIX vs. BWBIX - Dividend Comparison
IRMIX's dividend yield for the trailing twelve months is around 10.64%, more than BWBIX's 7.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BWBIX Baron WealthBuilder Fund | 7.21% | 7.61% | 0.77% | 0.06% | 3.21% | 3.75% | 1.24% | 3.51% | 0.14% | 0.00% | 0.00% | 0.00% |
IRMIX Voya Retirement Moderate Portfolio | 10.64% | 11.18% | 5.94% | 6.51% | 15.75% | 6.33% | 5.57% | 6.59% | 4.80% | 7.60% | 7.39% | 9.23% |
Frequently Asked Questions
IRMIX and BWBIX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWBIX has higher volatility (7.42%) compared to IRMIX (2.52%). In terms of maximum drawdown, IRMIX dropped -19.50% vs BWBIX's -39.14%.
IRMIX currently has the higher Sharpe Ratio (1.94 vs 0.94), 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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