IWV vs. BARAX
Compare and contrast key facts about iShares Russell 3000 ETF (IWV) and Baron Asset Fund (BARAX).
IWV is a passively managed fund by iShares that tracks the performance of the Russell 3000 Index. It was launched on May 22, 2000. BARAX is managed by Baron Capital Group, Inc.. It was launched on Jun 12, 1987.
Performance
IWV vs. BARAX - Performance Comparison
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IWV vs. BARAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IWV iShares Russell 3000 ETF | -3.33% | 16.96% | 23.49% | 25.82% | -19.28% | 25.54% | 20.55% | 30.66% | -5.43% | 20.97% |
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, IWV achieves a -3.33% return, which is significantly higher than BARAX's -7.87% return. Over the past 10 years, IWV has outperformed BARAX with an annualized return of 13.53%, while BARAX has yielded a comparatively lower 10.32% annualized return.
IWV
- 1D
- 0.69%
- 1M
- -4.38%
- YTD
- -3.33%
- 6M
- -1.36%
- 1Y
- 18.22%
- 3Y*
- 17.95%
- 5Y*
- 10.55%
- 10Y*
- 13.53%
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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IWV vs. BARAX - Expense Ratio Comparison
IWV has a 0.20% expense ratio, which is lower than BARAX's 1.29% expense ratio.
Return for Risk
IWV vs. BARAX — Risk / Return Rank
IWV
BARAX
IWV vs. BARAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 3000 ETF (IWV) 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.
| IWV | BARAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.99 | 0.13 | +0.86 |
Sortino ratioReturn per unit of downside risk | 1.52 | 0.35 | +1.17 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.04 | +0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.52 | 0.36 | +1.16 |
Martin ratioReturn relative to average drawdown | 7.19 | 0.90 | +6.28 |
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
| IWV | BARAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.13 | +0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.07 | +0.54 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.52 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.49 | -0.06 |
Correlation
The correlation between IWV and BARAX is 0.88, 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
IWV vs. BARAX - Dividend Comparison
IWV's dividend yield for the trailing twelve months is around 0.98%, less than BARAX's 12.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IWV iShares Russell 3000 ETF | 0.98% | 0.96% | 1.08% | 1.30% | 1.56% | 1.04% | 1.30% | 1.69% | 1.97% | 1.58% | 1.79% | 1.99% |
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
IWV vs. BARAX - Drawdown Comparison
The maximum IWV drawdown since its inception was -55.61%, smaller than the maximum BARAX drawdown of -59.71%. Use the drawdown chart below to compare losses from any high point for IWV and BARAX.
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Drawdown Indicators
| IWV | BARAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.61% | -59.71% | +4.10% |
Max Drawdown (1Y)Largest decline over 1 year | -12.31% | -11.12% | -1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -25.11% | -37.53% | +12.42% |
Max Drawdown (10Y)Largest decline over 10 years | -35.22% | -37.53% | +2.31% |
Current DrawdownCurrent decline from peak | -5.53% | -9.28% | +3.75% |
Average DrawdownAverage peak-to-trough decline | -10.65% | -11.44% | +0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 4.44% | -1.84% |
Volatility
IWV vs. BARAX - Volatility Comparison
iShares Russell 3000 ETF (IWV) has a higher volatility of 5.45% compared to Baron Asset Fund (BARAX) at 3.90%. This indicates that IWV'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
| IWV | BARAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 3.90% | +1.55% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 11.83% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.45% | 19.02% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.24% | 19.56% | -2.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.39% | 19.79% | -1.40% |