PVFIX vs. BWBIX

Last updated Jun 24, 2026

PVFIX (Pinnacle Value Fund) and BWBIX (Baron WealthBuilder Fund) are both Diversified Portfolio funds. Over the past 5 years, PVFIX returned 7.71%/yr vs 3.76%/yr for BWBIX. A 0.52 correlation means they provide meaningful diversification when combined. PVFIX charges 1.24%/yr vs 0.05%/yr for BWBIX.

Performance

PVFIX vs. BWBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pinnacle Value Fund (PVFIX) 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, PVFIX achieves a 11.11% return, which is significantly higher than BWBIX's 1.98% return.

PVFIX

• 1D: 1.03%
• 1M: 2.43%
• YTD: 11.11%
• 6M: 11.11%
• 1Y: 23.12%
• 3Y*: 15.21%
• 5Y*: 7.71%
• 10Y*: 7.12%

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)

PVFIX vs. BWBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PVFIX Pinnacle Value Fund	11.11%	5.95%	10.54%	25.38%	-7.48%	14.12%	3.57%	13.47%	-11.42%
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 PVFIX and BWBIX is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since May 21, 2018	0.52

The correlation between PVFIX and BWBIX has been stable across timeframes, ranging from 0.50 to 0.55 - a consistent structural relationship.

Return for Risk

PVFIX vs. BWBIX — Risk / Return Rank

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

PVFIX

PVFIX Risk / Return Rank: 73
PVFIX Sharpe Ratio Rank: 68
PVFIX Sortino Ratio Rank: 76
PVFIX Omega Ratio Rank: 62
PVFIX Calmar Ratio Rank: 91
PVFIX Martin Ratio Rank: 70

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.

PVFIX vs. BWBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pinnacle Value Fund (PVFIX) 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.

	PVFIX	BWBIX	Difference
Sharpe ratio: Return per unit of total volatility	2.21	0.89	+1.32
Sortino ratio: Return per unit of downside risk	3.34	1.42	+1.92
Omega ratio: Gain probability vs. loss probability	1.40	1.17	+0.23
Calmar ratio: Return relative to maximum drawdown	4.51	1.20	+3.31
Martin ratio: Return relative to average drawdown	12.63	3.93	+8.71

PVFIX vs. BWBIX - Sharpe Ratio Comparison

The current PVFIX Sharpe Ratio is 2.21, which is higher than the BWBIX Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of PVFIX 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

PVFIX vs. BWBIX - Drawdown Comparison

The maximum PVFIX drawdown since its inception was -97.80%, which is greater than BWBIX's maximum drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for PVFIX and BWBIX.

Drawdown Indicators

	PVFIX	BWBIX	Difference
Max Drawdown Largest peak-to-trough decline	-97.80%	-39.14%	-58.66%
Max Drawdown (1Y) Largest decline over 1 year	-5.17%	-11.65%	+6.48%
Max Drawdown (3Y) Largest decline over 3 years	-97.80%	-21.59%	-76.21%
Max Drawdown (5Y) Largest decline over 5 years	-97.80%	-39.14%	-58.66%
Max Drawdown (10Y) Largest decline over 10 years	-97.80%	—	—
Current Drawdown Current decline from peak	-97.06%	-4.78%	-92.28%
Average Drawdown Average peak-to-trough decline	-10.29%	-11.65%	+1.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	3.55%	-1.71%

Volatility

PVFIX vs. BWBIX - Volatility Comparison

The current volatility for Pinnacle Value Fund (PVFIX) is 2.46%, while Baron WealthBuilder Fund (BWBIX) has a volatility of 7.20%. This indicates that PVFIX 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

	PVFIX	BWBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	7.20%	-4.74%
Volatility (6M) Calculated over the trailing 6-month period	6.23%	11.71%	-5.48%
Volatility (1Y) Calculated over the trailing 1-year period	10.54%	15.67%	-5.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	1,038.31%	21.26%	+1,017.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	734.11%	23.18%	+710.93%

PVFIX vs. BWBIX - Expense Ratio Comparison

PVFIX has a 1.24% expense ratio, which is higher than BWBIX's 0.05% expense ratio.

Dividends

PVFIX vs. BWBIX - Dividend Comparison

PVFIX's dividend yield for the trailing twelve months is around 8.50%, more 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%
PVFIX Pinnacle Value Fund	8.50%	9.44%	13.80%	6.07%	1.13%	7.71%	0.00%	4.74%	4.45%	3.01%	6.90%	9.41%

Frequently Asked Questions

Can I hold both PVFIX and BWBIX in my portfolio?

PVFIX and BWBIX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PVFIX or BWBIX?

BWBIX has higher volatility (7.20%) compared to PVFIX (2.46%). In terms of maximum drawdown, PVFIX dropped -97.80% vs BWBIX's -39.14%.

Which has better risk-adjusted returns?

PVFIX currently has the higher Sharpe Ratio (2.21 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.