A replica of the Borg-Warner Trophy, the BorgWarner Championship Driver's Trophy is awarded each year to the winner of the Indianapolis 500 as a personal keepsake. The Borg-Warner Trophy does not go home with the winner after it is presented on race day; it stays on permanent display at the Indianapolis Motor Speedway Hall of Fame Museum.

Fondly referred to in the automotive racing world as the "Baby Borg," the sterling silver Championship Driver's Trophy is 14 inches high and weighs 5 pounds. It rests on a 4-inch by 8-inch beveled black marble base. The base includes space for a hand-crafted, 2-inch, 3-dimensional sterling silver image of the winning driver's face, and an inscription of the winning team and year of victory.

The faces are sculpted by award-winning American sculptor William Behrends. In creating the faces, Behrends first sculpts a life-size bust in clay. He then works from the clay bust to create a smaller image that is used for the sterling silver mold. All of the faces of Indy 500 winners since 1936 are attached to the Borg-Warner Trophy.

The first recipient of the BorgWarner Championship Driver's Trophy was Rick Mears, winner of the 1988 Indianapolis 500. It is valued at $25,000.