VWNDX vs. BGRIX
VWNDX (Vanguard Windsor Fund Investor Shares) and BGRIX (Baron Growth Fund Institutional Shares) are both mutual funds - VWNDX is a Large Cap Value Equities fund managed by Vanguard, while BGRIX is a Mid Cap Growth Equities fund managed by Baron Capital. Over the past 10 years, VWNDX returned 12.14%/yr vs 7.46%/yr for BGRIX. Their correlation of 0.81 means they have usually moved in the same direction. VWNDX charges 0.30%/yr vs 1.05%/yr for BGRIX.
Performance
VWNDX vs. BGRIX - Performance Comparison
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Returns By Period
In the year-to-date period, VWNDX achieves a 14.03% return, which is significantly higher than BGRIX's -6.83% return. Over the past 10 years, VWNDX has outperformed BGRIX with an annualized return of 12.14%, while BGRIX has yielded a comparatively lower 7.46% annualized return.
VWNDX
- 1D
- 1.30%
- 1M
- 3.93%
- 6M
- 11.35%
- YTD
- 14.03%
- 1Y
- 26.14%
- 3Y*
- 14.08%
- 5Y*
- 11.13%
- 10Y*
- 12.14%
- ALL TIME*
- 9.04%
BGRIX
- 1D
- 0.77%
- 1M
- 2.33%
- 6M
- 1.19%
- YTD
- -6.83%
- 1Y
- -15.40%
- 3Y*
- -4.53%
- 5Y*
- -4.37%
- 10Y*
- 7.46%
- ALL TIME*
- 10.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VWNDX vs. BGRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VWNDX Vanguard Windsor Fund Investor Shares | 14.03% | 13.30% | 9.53% | 15.00% | -3.15% | 27.77% | 7.38% | 30.39% | -12.48% | 18.15% |
BGRIX Baron Growth Fund Institutional Shares | -6.83% | -14.21% | 4.90% | 14.97% | -22.35% | 20.13% | 33.10% | 40.54% | -2.68% | 27.45% |
Correlation
The correlation between VWNDX and BGRIX is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.53 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since May 29, 2009 | 0.81 |
Over the past year, the correlation between VWNDX and BGRIX has dropped to 0.53 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
VWNDX vs. BGRIX — Risk / Return Rank
VWNDX
BGRIX
VWNDX vs. BGRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Windsor Fund Investor Shares (VWNDX) and Baron Growth Fund Institutional Shares (BGRIX). 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.
| VWNDX | BGRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.84 | ||
| Sortino ratioReturn per unit of downside risk | +3.97 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 0.91 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.49 | -0.56 | +4.04 |
| Martin ratioReturn relative to average drawdown | 12.85 | -0.93 | +13.78 |
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Drawdowns
VWNDX vs. BGRIX - Drawdown Comparison
The maximum VWNDX drawdown since its inception was -61.48%, which is greater than BGRIX's maximum drawdown of -41.12%. Use the drawdown chart below to compare losses from any high point for VWNDX and BGRIX.
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Drawdown Indicators
| VWNDX | BGRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.48% | -41.12% | -20.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.88% | -23.63% | +15.75% |
Max Drawdown (3Y)Largest decline over 3 years | -21.69% | -32.70% | +11.01% |
Max Drawdown (5Y)Largest decline over 5 years | -21.69% | -34.60% | +12.91% |
Max Drawdown (10Y)Largest decline over 10 years | -40.12% | -41.12% | +1.00% |
Current DrawdownCurrent decline from peak | 0.00% | -26.33% | +26.33% |
Average DrawdownAverage peak-to-trough decline | -8.89% | -7.74% | -1.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 14.61% | -12.48% |
Volatility
VWNDX vs. BGRIX - Volatility Comparison
The current volatility for Vanguard Windsor Fund Investor Shares (VWNDX) is 3.33%, while Baron Growth Fund Institutional Shares (BGRIX) has a volatility of 10.20%. This indicates that VWNDX experiences smaller price fluctuations and is considered to be less risky than BGRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VWNDX | BGRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 10.20% | -6.87% |
Volatility (6M)Calculated over the trailing 6-month period | 8.86% | 19.45% | -10.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.26% | 22.85% | -10.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.26% | 20.91% | -3.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.51% | 21.47% | -1.96% |
VWNDX vs. BGRIX - Expense Ratio Comparison
VWNDX has a 0.30% expense ratio, which is lower than BGRIX's 1.05% expense ratio.
Dividends
VWNDX vs. BGRIX - Dividend Comparison
VWNDX's dividend yield for the trailing twelve months is around 6.72%, less than BGRIX's 21.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGRIX Baron Growth Fund Institutional Shares | 21.17% | 19.72% | 11.30% | 1.69% | 5.72% | 7.38% | 4.45% | 3.55% | 8.12% | 11.36% | 12.56% | 9.37% |
VWNDX Vanguard Windsor Fund Investor Shares | 6.72% | 7.78% | 12.48% | 8.24% | 15.38% | 11.46% | 8.37% | 10.26% | 13.15% | 3.51% | 4.89% | 8.51% |
Frequently Asked Questions
VWNDX and BGRIX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BGRIX has higher volatility (10.20%) compared to VWNDX (3.33%). In terms of maximum drawdown, VWNDX dropped -61.48% vs BGRIX's -41.12%.
VWNDX currently has the higher Sharpe Ratio (2.24 vs -0.60), 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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