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PMEFX vs. BWBIX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PMEFX vs. BWBIX

Last updated Jun 5, 2026

PMEFX (Penn Mutual Am 1847 Income Fund) and BWBIX (Baron WealthBuilder Fund) are both Diversified Portfolio funds. Over the past 5 years, PMEFX returned 2.54%/yr vs 4.11%/yr for BWBIX. A 0.64 correlation means they provide meaningful diversification when combined. PMEFX charges 0.65%/yr vs 0.05%/yr for BWBIX.

Performance

PMEFX vs. BWBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Penn Mutual Am 1847 Income Fund (PMEFX) and Baron WealthBuilder Fund (BWBIX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

PMEFX

1D
0.00%
1M
0.00%
YTD
0.00%
6M
0.00%
1Y
-0.59%
3Y*
5.27%
5Y*
2.54%
10Y*
—

BWBIX

1D
-1.14%
1M
2.47%
YTD
-0.41%
6M
4.74%
1Y
9.88%
3Y*
13.50%
5Y*
4.11%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PMEFX vs. BWBIX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
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		-0.41%10.23%19.62%25.77%-32.58%14.76%34.31%

Correlation

The correlation between PMEFX and BWBIX is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.40

Correlation (3Y)
Calculated over the trailing 3-year period

0.62

Correlation (5Y)
Calculated over the trailing 5-year period

0.67

Correlation (All Time)
Calculated using the full available price history since Aug 3, 2020

0.64

Over the past year, the correlation between PMEFX and BWBIX has dropped to 0.40 - well below their long-term average of 0.64, suggesting their price drivers have been diverging.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Penn Mutual Am 1847 Income Fund

Baron WealthBuilder Fund

Often compared with PMEFX:
PMEFX vs. MOPMEFX vs. AVEFXPMEFX vs. BERIXPMEFX vs. SICIXPMEFX vs. FYMIXPMEFX vs. AAAAXPMEFX vs. PUDZX
Often compared with BWBIX:
BWBIX vs. WAMCXBWBIX vs. BPTRXBWBIX vs. VOOBWBIX vs. FDFIXBWBIX vs. MAPOXBWBIX vs. LSPIXBWBIX vs. CSIFX

Return for Risk

PMEFX vs. BWBIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PMEFX
PMEFX Risk / Return Rank: 33
Overall Rank
PMEFX Sharpe Ratio Rank: 33
Sharpe Ratio Rank
PMEFX Sortino Ratio Rank: 33
Sortino Ratio Rank
PMEFX Omega Ratio Rank: 33
Omega Ratio Rank
PMEFX Calmar Ratio Rank: 33
Calmar Ratio Rank
PMEFX Martin Ratio Rank: 33
Martin Ratio Rank
BWBIX
BWBIX Risk / Return Rank: 1010
Overall Rank
BWBIX Sharpe Ratio Rank: 99
Sharpe Ratio Rank
BWBIX Sortino Ratio Rank: 1010
Sortino Ratio Rank
BWBIX Omega Ratio Rank: 99
Omega Ratio Rank
BWBIX Calmar Ratio Rank: 1010
Calmar Ratio Rank
BWBIX Martin Ratio Rank: 1010
Martin Ratio Rank
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.

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.

PMEFXBWBIXDifference
Sharpe ratioReturn per unit of total volatility
-0.04
0.72

-0.76

Sortino ratioReturn per unit of downside risk
-0.00
1.18

-1.18

Omega ratioGain probability vs. loss probability

1.00

1.14

-0.14

Calmar ratioReturn relative to maximum drawdown

-0.05

0.89

-0.94

Martin ratioReturn relative to average drawdown

-0.07

2.94

-3.00

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PMEFX vs. BWBIX - Sharpe Ratio Comparison

The current PMEFX Sharpe Ratio is -0.04, which is lower than the BWBIX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of PMEFX 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.

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Sharpe Ratios by Period

PMEFXBWBIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

-0.04

0.72

-0.76

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.33

0.20

+0.14

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.52

+0.20

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

PMEFXBWBIXDifference

Max Drawdown

Largest 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

-13.27%

-39.14%

+25.87%

Current Drawdown

Current decline from peak

-7.19%

-2.39%

-4.80%

Average Drawdown

Average peak-to-trough decline

-3.11%

-11.72%

+8.61%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.68%

3.53%

+1.15%

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 3.59%. 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

PMEFXBWBIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

0.00%

3.59%

-3.59%

Volatility (6M)

Calculated over the trailing 6-month period

6.60%

11.02%

-4.42%

Volatility (1Y)

Calculated over the trailing 1-year period

7.92%

14.41%

-6.49%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.90%

21.08%

-13.18%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.69%

23.14%

-15.45%

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 7.34%, less than BWBIX's 7.64% yield.

PositionTTM20252024202320222021202020192018
BWBIX
Baron WealthBuilder Fund		7.64%7.61%0.77%0.06%3.21%3.75%1.24%3.51%0.14%
PMEFX
Penn Mutual Am 1847 Income Fund		7.34%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 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

BWBIX has higher volatility (3.59%) 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 (0.72 vs -0.04), 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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