POEAX vs. BWBIX

Last updated Jun 24, 2026

POEAX (Pacific Funds Portfolio Optimization Aggressive-Growth) and BWBIX (Baron WealthBuilder Fund) are both Diversified Portfolio funds. Over the past 5 years, POEAX returned 7.92%/yr vs 3.76%/yr for BWBIX. Their correlation of 0.89 suggests significant overlap in exposure. POEAX charges 0.60%/yr vs 0.05%/yr for BWBIX.

Performance

POEAX vs. BWBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacific Funds Portfolio Optimization Aggressive-Growth (POEAX) 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, POEAX achieves a 11.13% return, which is significantly higher than BWBIX's 1.98% return.

POEAX

• 1D: -0.12%
• 1M: 1.55%
• YTD: 11.13%
• 6M: 10.23%
• 1Y: 24.08%
• 3Y*: 17.49%
• 5Y*: 7.92%
• 10Y*: 11.31%

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)

POEAX vs. BWBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
POEAX Pacific Funds Portfolio Optimization Aggressive-Growth	11.13%	16.66%	15.13%	18.53%	-21.24%	18.82%	16.09%	26.91%	-10.89%
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 POEAX 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	0.90
Correlation (All Time) Calculated using the full available price history since May 21, 2018	0.89

The correlation between POEAX and BWBIX has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.

Return for Risk

POEAX vs. BWBIX — Risk / Return Rank

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

POEAX

POEAX Risk / Return Rank: 60
POEAX Sharpe Ratio Rank: 56
POEAX Sortino Ratio Rank: 53
POEAX Omega Ratio Rank: 53
POEAX Calmar Ratio Rank: 64
POEAX Martin Ratio Rank: 73

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.

POEAX vs. BWBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacific Funds Portfolio Optimization Aggressive-Growth (POEAX) 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.

	POEAX	BWBIX	Difference
Sharpe ratio: Return per unit of total volatility	2.02	0.89	+1.13
Sortino ratio: Return per unit of downside risk	2.80	1.42	+1.37
Omega ratio: Gain probability vs. loss probability	1.37	1.17	+0.20
Calmar ratio: Return relative to maximum drawdown	2.95	1.20	+1.75
Martin ratio: Return relative to average drawdown	12.91	3.93	+8.98

POEAX vs. BWBIX - Sharpe Ratio Comparison

The current POEAX Sharpe Ratio is 2.02, which is higher than the BWBIX Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of POEAX 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

POEAX vs. BWBIX - Drawdown Comparison

The maximum POEAX drawdown since its inception was -57.49%, which is greater than BWBIX's maximum drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for POEAX and BWBIX.

Drawdown Indicators

	POEAX	BWBIX	Difference
Max Drawdown Largest peak-to-trough decline	-57.49%	-39.14%	-18.35%
Max Drawdown (1Y) Largest decline over 1 year	-8.57%	-11.65%	+3.08%
Max Drawdown (3Y) Largest decline over 3 years	-17.49%	-21.59%	+4.10%
Max Drawdown (5Y) Largest decline over 5 years	-29.40%	-39.14%	+9.74%
Max Drawdown (10Y) Largest decline over 10 years	-35.88%	—	—
Current Drawdown Current decline from peak	-0.55%	-4.78%	+4.23%
Average Drawdown Average peak-to-trough decline	-8.79%	-11.65%	+2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	3.55%	-1.60%

Volatility

POEAX vs. BWBIX - Volatility Comparison

The current volatility for Pacific Funds Portfolio Optimization Aggressive-Growth (POEAX) is 4.62%, while Baron WealthBuilder Fund (BWBIX) has a volatility of 7.20%. This indicates that POEAX 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

	POEAX	BWBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.62%	7.20%	-2.58%
Volatility (6M) Calculated over the trailing 6-month period	9.92%	11.71%	-1.79%
Volatility (1Y) Calculated over the trailing 1-year period	12.51%	15.67%	-3.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.16%	21.26%	+3.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.58%	23.18%	-1.60%

POEAX vs. BWBIX - Expense Ratio Comparison

POEAX has a 0.60% expense ratio, which is higher than BWBIX's 0.05% expense ratio.

Dividends

POEAX vs. BWBIX - Dividend Comparison

POEAX's dividend yield for the trailing twelve months is around 6.95%, less than BWBIX's 7.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BWBIX Baron WealthBuilder Fund	7.46%	7.61%	0.77%	0.06%	3.21%	3.75%	1.24%	3.51%	0.14%	0.00%	0.00%	0.00%
POEAX Pacific Funds Portfolio Optimization Aggressive-Growth	6.95%	7.73%	2.12%	1.67%	36.10%	10.62%	3.32%	7.91%	24.81%	4.03%	7.09%	3.16%

Frequently Asked Questions

Can I hold both POEAX and BWBIX in my portfolio?

POEAX 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, POEAX or BWBIX?

BWBIX has higher volatility (7.20%) compared to POEAX (4.62%). In terms of maximum drawdown, POEAX dropped -57.49% vs BWBIX's -39.14%.

Which has better risk-adjusted returns?

POEAX currently has the higher Sharpe Ratio (2.02 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.