VLEQX vs. BARIX

Last updated Jul 15, 2026

VLEQX (Villere Equity Fund) and BARIX (Baron Asset Fund Institutional Class) are both Mid Cap Growth Equities funds. Their correlation of 0.81 suggests significant overlap in exposure. VLEQX charges 1.22%/yr vs 1.03%/yr for BARIX.

Performance

VLEQX vs. BARIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Villere Equity Fund (VLEQX) and Baron Asset Fund Institutional Class (BARIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

VLEQX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BARIX

• 1D: -1.19%
• 1M: -2.91%
• 6M: 2.88%
• YTD: 3.62%
• 1Y: 7.53%
• 3Y*: 9.19%
• 5Y*: 2.44%
• 10Y*: 11.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VLEQX vs. BARIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VLEQX Villere Equity Fund	3.58%	0.26%	1.50%	11.37%	-24.50%	5.80%	14.77%	24.50%	-6.98%	7.34%
BARIX Baron Asset Fund Institutional Class	3.62%	8.17%	10.64%	17.36%	-25.87%	14.17%	33.32%	37.98%	0.13%	26.55%

Correlation

The correlation between VLEQX and BARIX is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Jan 2, 2014	0.81

The correlation between VLEQX and BARIX shifts across timeframes, from 0.61 (1 year) to 0.81 (all time), reflecting how their relationship changes across market environments.

Return for Risk

VLEQX vs. BARIX — Risk / Return Rank

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

VLEQX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

BARIX

BARIX Risk / Return Rank: 9
BARIX Sharpe Ratio Rank: 7
BARIX Sortino Ratio Rank: 9
BARIX Omega Ratio Rank: 9
BARIX Calmar Ratio Rank: 11
BARIX Martin Ratio Rank: 8

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.

VLEQX vs. BARIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Villere Equity Fund (VLEQX) and Baron Asset Fund Institutional Class (BARIX). 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.

	VLEQX	BARIX	Difference
Sharpe ratio: Return per unit of total volatility	—	0.39	—
Sortino ratio: Return per unit of downside risk	—	0.80	—
Omega ratio: Gain probability vs. loss probability	—	1.10	—
Calmar ratio: Return relative to maximum drawdown	—	0.75	—
Martin ratio: Return relative to average drawdown	—	1.44	—

Drawdowns

Drawdown Indicators

	VLEQX	BARIX	Difference
Max Drawdown Largest peak-to-trough decline	—	-37.44%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-10.68%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-17.78%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-37.44%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.44%	—
Current Drawdown Current decline from peak	—	-10.36%	—
Average Drawdown Average peak-to-trough decline	—	-6.73%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	5.55%	—

Volatility

Volatility by Period

	VLEQX	BARIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	12.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	16.58%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	20.53%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	20.54%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.24%	—

VLEQX vs. BARIX - Expense Ratio Comparison

VLEQX has a 1.22% expense ratio, which is higher than BARIX's 1.03% expense ratio.

Dividends

VLEQX vs. BARIX - Dividend Comparison

VLEQX's dividend yield for the trailing twelve months is around 13.57%, more than BARIX's 10.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BARIX Baron Asset Fund Institutional Class	10.22%	10.59%	17.88%	3.28%	0.01%	7.26%	2.92%	1.70%	7.14%	7.01%	4.74%	11.23%
VLEQX Villere Equity Fund	13.57%	0.54%	0.40%	4.64%	2.88%	8.24%	0.73%	0.17%	0.34%	0.00%	0.11%	1.76%

Frequently Asked Questions

Can I hold both VLEQX and BARIX in my portfolio?

VLEQX and BARIX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.