LGWIX vs. BWBIX

Last updated Jun 24, 2026

LGWIX (Ladenburg Growth Fund) and BWBIX (Baron WealthBuilder Fund) are both Diversified Portfolio funds. Over the past 5 years, LGWIX returned 5.68%/yr vs 3.76%/yr for BWBIX. Their correlation of 0.91 suggests significant overlap in exposure. LGWIX charges 0.79%/yr vs 0.05%/yr for BWBIX.

Performance

LGWIX vs. BWBIX - Performance Comparison

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

Returns By Period

In the year-to-date period, LGWIX achieves a 9.47% return, which is significantly higher than BWBIX's 1.98% return.

LGWIX

• 1D: 0.00%
• 1M: 1.36%
• YTD: 9.47%
• 6M: 8.39%
• 1Y: 20.49%
• 3Y*: 11.48%
• 5Y*: 5.68%
• 10Y*: 8.77%

BWBIX

• 1D: -3.11%
• 1M: 3.27%
• YTD: 1.98%
• 6M: 0.41%
• 1Y: 12.21%
• 3Y*: 13.70%
• 5Y*: 3.76%
• 10Y*: —

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

LGWIX vs. BWBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
LGWIX Ladenburg Growth Fund	9.47%	11.60%	4.69%	18.29%	-17.86%	16.38%	14.43%	22.94%	-9.33%
BWBIX Baron WealthBuilder Fund	1.98%	10.23%	19.62%	25.77%	-32.58%	14.76%	62.85%	36.41%	-12.02%

Correlation

The correlation between LGWIX and BWBIX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since May 21, 2018	0.91

The correlation between LGWIX and BWBIX has been stable across timeframes, ranging from 0.83 to 0.92 - a consistent structural relationship.

Return for Risk

LGWIX vs. BWBIX — Risk / Return Rank

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

LGWIX

LGWIX Risk / Return Rank: 63
LGWIX Sharpe Ratio Rank: 58
LGWIX Sortino Ratio Rank: 56
LGWIX Omega Ratio Rank: 54
LGWIX Calmar Ratio Rank: 71
LGWIX Martin Ratio Rank: 74

BWBIX

BWBIX Risk / Return Rank: 14
BWBIX Sharpe Ratio Rank: 12
BWBIX Sortino Ratio Rank: 14
BWBIX Omega Ratio Rank: 13
BWBIX Calmar Ratio Rank: 14
BWBIX Martin Ratio Rank: 15

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.

LGWIX vs. BWBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ladenburg Growth Fund (LGWIX) 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.

	LGWIX	BWBIX	Difference
Sharpe ratio: Return per unit of total volatility	2.06	0.89	+1.17
Sortino ratio: Return per unit of downside risk	2.90	1.42	+1.48
Omega ratio: Gain probability vs. loss probability	1.37	1.17	+0.20
Calmar ratio: Return relative to maximum drawdown	3.10	1.20	+1.90
Martin ratio: Return relative to average drawdown	13.15	3.93	+9.22

LGWIX vs. BWBIX - Sharpe Ratio Comparison

The current LGWIX Sharpe Ratio is 2.06, which is higher than the BWBIX Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of LGWIX and BWBIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

LGWIX vs. BWBIX - Drawdown Comparison

The maximum LGWIX drawdown since its inception was -26.93%, smaller than the maximum BWBIX drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for LGWIX and BWBIX.

Drawdown Indicators

	LGWIX	BWBIX	Difference
Max Drawdown Largest peak-to-trough decline	-26.93%	-39.14%	+12.21%
Max Drawdown (1Y) Largest decline over 1 year	-6.92%	-11.65%	+4.73%
Max Drawdown (3Y) Largest decline over 3 years	-24.79%	-21.59%	-3.20%
Max Drawdown (5Y) Largest decline over 5 years	-24.79%	-39.14%	+14.35%
Max Drawdown (10Y) Largest decline over 10 years	-26.93%	—	—
Current Drawdown Current decline from peak	-0.57%	-4.78%	+4.21%
Average Drawdown Average peak-to-trough decline	-5.37%	-11.65%	+6.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.63%	3.55%	-1.92%

Volatility

LGWIX vs. BWBIX - Volatility Comparison

The current volatility for Ladenburg Growth Fund (LGWIX) is 3.56%, while Baron WealthBuilder Fund (BWBIX) has a volatility of 7.20%. This indicates that LGWIX 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.

Volatility by Period

	LGWIX	BWBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.56%	7.20%	-3.64%
Volatility (6M) Calculated over the trailing 6-month period	8.03%	11.71%	-3.68%
Volatility (1Y) Calculated over the trailing 1-year period	10.42%	15.67%	-5.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.12%	21.26%	-6.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	23.18%	-8.41%

LGWIX vs. BWBIX - Expense Ratio Comparison

LGWIX has a 0.79% expense ratio, which is higher than BWBIX's 0.05% expense ratio.

Dividends

LGWIX vs. BWBIX - Dividend Comparison

LGWIX's dividend yield for the trailing twelve months is around 4.18%, less than BWBIX's 7.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BWBIX Baron WealthBuilder Fund	7.46%	7.61%	0.77%	0.06%	3.21%	3.75%	1.24%	3.51%	0.14%	0.00%
LGWIX Ladenburg Growth Fund	4.18%	4.58%	0.00%	3.43%	1.00%	2.45%	0.64%	1.61%	1.34%	0.99%

Frequently Asked Questions

Can I hold both LGWIX and BWBIX in my portfolio?

LGWIX and BWBIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGWIX or BWBIX?

BWBIX has higher volatility (7.20%) compared to LGWIX (3.56%). In terms of maximum drawdown, LGWIX dropped -26.93% vs BWBIX's -39.14%.

Which has better risk-adjusted returns?

LGWIX currently has the higher Sharpe Ratio (2.06 vs 0.89), 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.