MXAPX vs. BWBIX

Last updated Jun 23, 2026

MXAPX (Great-West Aggressive Profile Fund) and BWBIX (Baron WealthBuilder Fund) are both Diversified Portfolio funds. Over the past 5 years, MXAPX returned 8.90%/yr vs 4.87%/yr for BWBIX. A 0.75 correlation means they provide meaningful diversification when combined. MXAPX charges 0.45%/yr vs 0.05%/yr for BWBIX.

Performance

MXAPX vs. BWBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Great-West Aggressive Profile Fund (MXAPX) 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, MXAPX achieves a 11.59% return, which is significantly higher than BWBIX's 5.25% return.

MXAPX

• 1D: 0.60%
• 1M: 2.28%
• YTD: 11.59%
• 6M: 11.02%
• 1Y: 24.80%
• 3Y*: 16.19%
• 5Y*: 8.90%
• 10Y*: 9.02%

BWBIX

• 1D: 0.40%
• 1M: 6.58%
• YTD: 5.25%
• 6M: 3.40%
• 1Y: 17.58%
• 3Y*: 14.21%
• 5Y*: 4.87%
• 10Y*: —

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

MXAPX vs. BWBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MXAPX Great-West Aggressive Profile Fund	11.59%	17.41%	11.49%	17.41%	-16.14%	19.63%	11.52%	25.35%	-13.65%
BWBIX Baron WealthBuilder Fund	5.25%	10.23%	19.62%	25.77%	-32.58%	14.76%	62.85%	36.41%	-12.02%

Correlation

The correlation between MXAPX and BWBIX is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.80
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	0.75

The correlation between MXAPX and BWBIX has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.

Return for Risk

MXAPX vs. BWBIX — Risk / Return Rank

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

MXAPX

MXAPX Risk / Return Rank: 36
MXAPX Sharpe Ratio Rank: 26
MXAPX Sortino Ratio Rank: 25
MXAPX Omega Ratio Rank: 41
MXAPX Calmar Ratio Rank: 53
MXAPX Martin Ratio Rank: 33

BWBIX

BWBIX Risk / Return Rank: 20
BWBIX Sharpe Ratio Rank: 18
BWBIX Sortino Ratio Rank: 21
BWBIX Omega Ratio Rank: 19
BWBIX Calmar Ratio Rank: 19
BWBIX Martin Ratio Rank: 21

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.

MXAPX vs. BWBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Great-West Aggressive Profile Fund (MXAPX) 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.

	MXAPX	BWBIX	Difference
Sharpe ratio: Return per unit of total volatility	1.36	1.13	+0.23
Sortino ratio: Return per unit of downside risk	1.96	1.80	+0.16
Omega ratio: Gain probability vs. loss probability	1.32	1.21	+0.11
Calmar ratio: Return relative to maximum drawdown	2.68	1.49	+1.19
Martin ratio: Return relative to average drawdown	7.06	4.90	+2.16

MXAPX vs. BWBIX - Sharpe Ratio Comparison

The current MXAPX Sharpe Ratio is 1.36, which is comparable to the BWBIX Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of MXAPX 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

MXAPX vs. BWBIX - Drawdown Comparison

The maximum MXAPX drawdown since its inception was -70.73%, which is greater than BWBIX's maximum drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for MXAPX and BWBIX.

Drawdown Indicators

	MXAPX	BWBIX	Difference
Max Drawdown Largest peak-to-trough decline	-70.73%	-39.14%	-31.59%
Max Drawdown (1Y) Largest decline over 1 year	-9.15%	-11.65%	+2.50%
Max Drawdown (3Y) Largest decline over 3 years	-15.54%	-21.59%	+6.05%
Max Drawdown (5Y) Largest decline over 5 years	-32.50%	-39.14%	+6.64%
Max Drawdown (10Y) Largest decline over 10 years	-37.94%	—	—
Current Drawdown Current decline from peak	-0.44%	-1.72%	+1.28%
Average Drawdown Average peak-to-trough decline	-28.46%	-11.66%	-16.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	3.54%	-0.08%

Volatility

MXAPX vs. BWBIX - Volatility Comparison

The current volatility for Great-West Aggressive Profile Fund (MXAPX) is 4.41%, while Baron WealthBuilder Fund (BWBIX) has a volatility of 6.36%. This indicates that MXAPX 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

	MXAPX	BWBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.41%	6.36%	-1.95%
Volatility (6M) Calculated over the trailing 6-month period	10.01%	11.29%	-1.28%
Volatility (1Y) Calculated over the trailing 1-year period	18.00%	15.32%	+2.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.61%	21.21%	-2.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.66%	23.16%	-3.50%

MXAPX vs. BWBIX - Expense Ratio Comparison

MXAPX has a 0.45% expense ratio, which is higher than BWBIX's 0.05% expense ratio.

Dividends

MXAPX vs. BWBIX - Dividend Comparison

MXAPX's dividend yield for the trailing twelve months is around 8.06%, more than BWBIX's 7.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
BWBIX Baron WealthBuilder Fund	7.23%	7.61%	0.77%	0.06%	3.21%	3.75%	1.24%	3.51%	0.14%	0.00%
MXAPX Great-West Aggressive Profile Fund	8.06%	8.99%	8.09%	5.68%	13.27%	13.88%	4.31%	14.52%	15.76%	6.79%

Frequently Asked Questions

Can I hold both MXAPX and BWBIX in my portfolio?

MXAPX and BWBIX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MXAPX or BWBIX?

BWBIX has higher volatility (6.36%) compared to MXAPX (4.41%). In terms of maximum drawdown, MXAPX dropped -70.73% vs BWBIX's -39.14%.

Which has better risk-adjusted returns?

MXAPX currently has the higher Sharpe Ratio (1.36 vs 1.13), 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.