PMEFX vs. BWBIX
PMEFX (Penn Mutual AM 1847 Income Fund) and BWBIX (Baron WealthBuilder Fund) are both Diversified Portfolio funds. Over the past 5 years, PMEFX returned 2.89%/yr vs 3.36%/yr for BWBIX. Their 0.62 correlation means they have sometimes moved together and sometimes differently. PMEFX charges 0.65%/yr vs 0.05%/yr for BWBIX.
Performance
PMEFX vs. BWBIX - Performance Comparison
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Returns By Period
PMEFX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -3.78%
- 3Y*
- 4.63%
- 5Y*
- 2.89%
- 10Y*
- —
- ALL TIME*
- 5.31%
BWBIX
- 1D
- -1.03%
- 1M
- -4.14%
- 6M
- 2.09%
- YTD
- 1.43%
- 1Y
- 8.09%
- 3Y*
- 11.25%
- 5Y*
- 3.36%
- 10Y*
- —
- ALL TIME*
- 12.08%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
PMEFX vs. BWBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PMEFX Penn Mutual AM 1847 Income Fund | 0.00% | 1.11% | 9.80% | 9.80% | -4.30% | 9.78% | 6.47% |
BWBIX Baron WealthBuilder Fund | 1.43% | 10.23% | 19.62% | 25.77% | -32.58% | 14.76% | 34.31% |
Correlation
The correlation between PMEFX and BWBIX is 0.28, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.28 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2020 | 0.62 |
Over the past year, the correlation between PMEFX and BWBIX has dropped to 0.28 - well below their long-term average of 0.62, suggesting their price drivers have been diverging.
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Return for Risk
PMEFX vs. BWBIX — Risk / Return Rank
PMEFX
BWBIX
PMEFX vs. BWBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Penn Mutual AM 1847 Income Fund (PMEFX) 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.
| PMEFX | BWBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.14 | ||
| Sortino ratioReturn per unit of downside risk | -1.50 | ||
| Omega ratioGain probability vs. loss probability | 0.68 | 1.10 | -0.41 |
| Calmar ratioReturn relative to maximum drawdown | -0.67 | 0.68 | -1.35 |
| Martin ratioReturn relative to average drawdown | -0.83 | 2.10 | -2.93 |
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Drawdowns
PMEFX vs. BWBIX - Drawdown Comparison
The maximum PMEFX drawdown since its inception was -13.27%, smaller than the maximum BWBIX drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for PMEFX and BWBIX.
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Drawdown Indicators
| PMEFX | BWBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.27% | -39.14% | +25.87% |
Max Drawdown (1Y)Largest decline over 1 year | -7.19% | -11.65% | +4.46% |
Max Drawdown (3Y)Largest decline over 3 years | -10.04% | -21.59% | +11.55% |
Max Drawdown (5Y)Largest decline over 5 years | -12.12% | -39.14% | +27.02% |
Current DrawdownCurrent decline from peak | -7.19% | -5.29% | -1.90% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -11.55% | +8.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.30% | 3.77% | +1.53% |
Volatility
PMEFX vs. BWBIX - Volatility Comparison
The current volatility for Penn Mutual AM 1847 Income Fund (PMEFX) is 0.00%, while Baron WealthBuilder Fund (BWBIX) has a volatility of 4.44%. This indicates that PMEFX 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
| PMEFX | BWBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 4.44% | -4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 0.00% | 12.23% | -12.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.48% | 16.09% | -8.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.83% | 21.31% | -13.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.61% | 23.10% | -15.49% |
PMEFX vs. BWBIX - Expense Ratio Comparison
PMEFX has a 0.65% expense ratio, which is higher than BWBIX's 0.05% expense ratio.
Dividends
PMEFX vs. BWBIX - Dividend Comparison
PMEFX's dividend yield for the trailing twelve months is around 5.89%, less than BWBIX's 7.50% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BWBIX Baron WealthBuilder Fund | 7.50% | 7.61% | 0.77% | 0.06% | 3.21% | 3.75% | 1.24% | 3.51% | 0.14% |
PMEFX Penn Mutual AM 1847 Income Fund | 5.89% | 8.73% | 6.16% | 4.41% | 3.25% | 13.55% | 1.00% | 0.00% | 0.00% |
Frequently Asked Questions
PMEFX and BWBIX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BWBIX has higher volatility (4.44%) compared to PMEFX (0.00%). In terms of maximum drawdown, PMEFX dropped -13.27% vs BWBIX's -39.14%.
BWBIX currently has the higher Sharpe Ratio (0.49 vs -0.64), 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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