WBALX vs. BWBIX

Last updated Jun 5, 2026

WBALX (Weitz Balanced Fund) and BWBIX (Baron WealthBuilder Fund) are both Diversified Portfolio funds. Over the past 5 years, WBALX returned 2.59%/yr vs 4.11%/yr for BWBIX. Their correlation of 0.81 suggests significant overlap in exposure. WBALX charges 0.85%/yr vs 0.05%/yr for BWBIX.

Performance

WBALX vs. BWBIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Weitz Balanced Fund (WBALX) 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, WBALX achieves a -1.02% return, which is significantly lower than BWBIX's -0.41% return.

WBALX

• 1D: -0.12%
• 1M: 0.24%
• YTD: -1.02%
• 6M: -0.57%
• 1Y: 1.86%
• 3Y*: 4.87%
• 5Y*: 2.59%
• 10Y*: 5.45%

BWBIX

• 1D: -1.14%
• 1M: 2.47%
• YTD: -0.41%
• 6M: 4.74%
• 1Y: 9.88%
• 3Y*: 13.50%
• 5Y*: 4.11%
• 10Y*: —

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

WBALX vs. BWBIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
WBALX Weitz Balanced Fund	-1.02%	3.77%	6.85%	9.27%	-9.95%	13.11%	8.13%	17.94%	-3.22%
BWBIX Baron WealthBuilder Fund	-0.41%	10.23%	19.62%	25.77%	-32.58%	14.76%	62.85%	36.41%	-12.02%

Correlation

The correlation between WBALX and BWBIX is 0.72, 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	0.72
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since May 22, 2018	0.81

The correlation between WBALX and BWBIX has been stable across timeframes, ranging from 0.72 to 0.81 - a consistent structural relationship.

Return for Risk

WBALX vs. BWBIX — Risk / Return Rank

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

WBALX

WBALX Risk / Return Rank: 5
WBALX Sharpe Ratio Rank: 5
WBALX Sortino Ratio Rank: 5
WBALX Omega Ratio Rank: 4
WBALX Calmar Ratio Rank: 5
WBALX Martin Ratio Rank: 5

BWBIX

BWBIX Risk / Return Rank: 10
BWBIX Sharpe Ratio Rank: 9
BWBIX Sortino Ratio Rank: 10
BWBIX Omega Ratio Rank: 9
BWBIX Calmar Ratio Rank: 10
BWBIX Martin Ratio Rank: 10

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.

WBALX vs. BWBIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Weitz Balanced Fund (WBALX) 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.

	WBALX	BWBIX	Difference
Sharpe ratio: Return per unit of total volatility	0.34	0.72	-0.38
Sortino ratio: Return per unit of downside risk	0.55	1.18	-0.63
Omega ratio: Gain probability vs. loss probability	1.06	1.14	-0.08
Calmar ratio: Return relative to maximum drawdown	0.34	0.89	-0.55
Martin ratio: Return relative to average drawdown	1.04	2.94	-1.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WBALX vs. BWBIX - Sharpe Ratio Comparison

The current WBALX Sharpe Ratio is 0.34, which is lower than the BWBIX Sharpe Ratio of 0.72. The chart below compares the historical Sharpe Ratios of WBALX 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.

Sharpe Ratios by Period

	WBALX	BWBIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.34	0.72	-0.38
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	0.20	+0.16
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.52	+0.03

Drawdowns

WBALX vs. BWBIX - Drawdown Comparison

The maximum WBALX drawdown since its inception was -43.04%, which is greater than BWBIX's maximum drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for WBALX and BWBIX.

Drawdown Indicators

	WBALX	BWBIX	Difference
Max Drawdown Largest peak-to-trough decline	-43.04%	-39.14%	-3.90%
Max Drawdown (1Y) Largest decline over 1 year	-6.02%	-11.65%	+5.63%
Max Drawdown (3Y) Largest decline over 3 years	-6.82%	-21.59%	+14.77%
Max Drawdown (5Y) Largest decline over 5 years	-14.81%	-39.14%	+24.33%
Max Drawdown (10Y) Largest decline over 10 years	-15.93%	—	—
Current Drawdown Current decline from peak	-2.72%	-2.39%	-0.33%
Average Drawdown Average peak-to-trough decline	-4.11%	-11.72%	+7.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.97%	3.53%	-1.56%

Volatility

WBALX vs. BWBIX - Volatility Comparison

The current volatility for Weitz Balanced Fund (WBALX) is 1.50%, while Baron WealthBuilder Fund (BWBIX) has a volatility of 3.59%. This indicates that WBALX 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

	WBALX	BWBIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.50%	3.59%	-2.09%
Volatility (6M) Calculated over the trailing 6-month period	4.64%	11.02%	-6.38%
Volatility (1Y) Calculated over the trailing 1-year period	5.98%	14.41%	-8.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.35%	21.08%	-13.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.69%	23.14%	-15.45%

WBALX vs. BWBIX - Expense Ratio Comparison

WBALX has a 0.85% expense ratio, which is higher than BWBIX's 0.05% expense ratio.

Dividends

WBALX vs. BWBIX - Dividend Comparison

WBALX's dividend yield for the trailing twelve months is around 5.00%, less than BWBIX's 7.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BWBIX Baron WealthBuilder Fund	7.64%	7.61%	0.77%	0.06%	3.21%	3.75%	1.24%	3.51%	0.14%	0.00%	0.00%	0.00%
WBALX Weitz Balanced Fund	5.00%	4.95%	4.98%	1.11%	1.95%	2.57%	1.08%	1.88%	9.78%	2.72%	3.26%	5.51%

Frequently Asked Questions

Can I hold both WBALX and BWBIX in my portfolio?

WBALX and BWBIX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WBALX or BWBIX?

BWBIX has higher volatility (3.59%) compared to WBALX (1.50%). In terms of maximum drawdown, WBALX dropped -43.04% vs BWBIX's -39.14%.

Which has better risk-adjusted returns?

BWBIX currently has the higher Sharpe Ratio (0.72 vs 0.34), 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.