VALIX vs. BWBIX

Last updated Jun 24, 2026

VALIX (Value Line Capital Appreciation Fund, Inc.) and BWBIX (Baron WealthBuilder Fund) are both Diversified Portfolio funds. Over the past 5 years, VALIX returned 8.65%/yr vs 3.76%/yr for BWBIX. Their correlation of 0.89 suggests significant overlap in exposure. VALIX charges 1.07%/yr vs 0.05%/yr for BWBIX.

Performance

VALIX vs. BWBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Value Line Capital Appreciation Fund, Inc. (VALIX) 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, VALIX achieves a 11.34% return, which is significantly higher than BWBIX's 1.98% return.

VALIX

• 1D: -0.44%
• 1M: 3.02%
• YTD: 11.34%
• 6M: 9.96%
• 1Y: 25.78%
• 3Y*: 22.28%
• 5Y*: 8.65%
• 10Y*: 13.51%

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)

VALIX vs. BWBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
VALIX Value Line Capital Appreciation Fund, Inc.	11.34%	20.76%	21.20%	34.45%	-29.86%	6.69%	33.13%	26.20%	-8.94%
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 VALIX and BWBIX is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since May 21, 2018	0.89

The correlation between VALIX and BWBIX shifts across timeframes, from 0.69 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VALIX vs. BWBIX — Risk / Return Rank

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

VALIX

VALIX Risk / Return Rank: 39
VALIX Sharpe Ratio Rank: 43
VALIX Sortino Ratio Rank: 40
VALIX Omega Ratio Rank: 41
VALIX Calmar Ratio Rank: 37
VALIX Martin Ratio Rank: 33

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.

VALIX vs. BWBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Value Line Capital Appreciation Fund, Inc. (VALIX) 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.

	VALIX	BWBIX	Difference
Sharpe ratio: Return per unit of total volatility	1.79	0.89	+0.89
Sortino ratio: Return per unit of downside risk	2.46	1.42	+1.04
Omega ratio: Gain probability vs. loss probability	1.32	1.17	+0.15
Calmar ratio: Return relative to maximum drawdown	2.19	1.20	+0.99
Martin ratio: Return relative to average drawdown	7.06	3.93	+3.13

VALIX vs. BWBIX - Sharpe Ratio Comparison

The current VALIX Sharpe Ratio is 1.79, which is higher than the BWBIX Sharpe Ratio of 0.89. The chart below compares the historical Sharpe Ratios of VALIX 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

VALIX vs. BWBIX - Drawdown Comparison

The maximum VALIX drawdown since its inception was -35.14%, smaller than the maximum BWBIX drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for VALIX and BWBIX.

Drawdown Indicators

	VALIX	BWBIX	Difference
Max Drawdown Largest peak-to-trough decline	-35.14%	-39.14%	+4.00%
Max Drawdown (1Y) Largest decline over 1 year	-12.36%	-11.65%	-0.71%
Max Drawdown (3Y) Largest decline over 3 years	-17.62%	-21.59%	+3.97%
Max Drawdown (5Y) Largest decline over 5 years	-35.14%	-39.14%	+4.00%
Max Drawdown (10Y) Largest decline over 10 years	-35.14%	—	—
Current Drawdown Current decline from peak	-2.50%	-4.78%	+2.28%
Average Drawdown Average peak-to-trough decline	-6.56%	-11.65%	+5.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.82%	3.55%	+0.27%

Volatility

VALIX vs. BWBIX - Volatility Comparison

Value Line Capital Appreciation Fund, Inc. (VALIX) and Baron WealthBuilder Fund (BWBIX) have volatilities of 6.86% and 7.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VALIX	BWBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.86%	7.20%	-0.34%
Volatility (6M) Calculated over the trailing 6-month period	12.42%	11.71%	+0.71%
Volatility (1Y) Calculated over the trailing 1-year period	15.18%	15.67%	-0.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.32%	21.26%	-1.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.98%	23.18%	-4.20%

VALIX vs. BWBIX - Expense Ratio Comparison

VALIX has a 1.07% expense ratio, which is higher than BWBIX's 0.05% expense ratio.

Dividends

VALIX vs. BWBIX - Dividend Comparison

VALIX's dividend yield for the trailing twelve months is around 5.41%, 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%
VALIX Value Line Capital Appreciation Fund, Inc.	5.41%	6.03%	0.79%	0.75%	11.01%	10.83%	5.49%	9.79%	8.28%	5.57%	5.75%	6.86%

Frequently Asked Questions

Can I hold both VALIX and BWBIX in my portfolio?

VALIX and BWBIX have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VALIX or BWBIX?

BWBIX has higher volatility (7.20%) compared to VALIX (6.86%). In terms of maximum drawdown, VALIX dropped -35.14% vs BWBIX's -39.14%.

Which has better risk-adjusted returns?

VALIX currently has the higher Sharpe Ratio (1.79 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.