- Issuer
- Brown Advisory
- Inception Date
- Nov 15, 2024
- Category
- Large Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $1B
Highlights
- Avg. Volume (1M)
- 40K
- Avg. Volume Value (1M)
- $1.16M
Share Price Chart
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Performance
BAFE Performance Chart
Brown Advisory Flexible Equity ETF (BAFE) is up 8.1% since the beginning of the year. BAFE is currently trading at $30 per share.
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Returns By Period
Brown Advisory Flexible Equity ETF (BAFE) has returned 8.08% so far this year and 14.62% over the past 12 months.
Brown Advisory Flexible Equity ETF
- 1D
- 1.35%
- 1M
- 0.72%
- 6M
- 8.62%
- YTD
- 8.08%
- 1Y
- 14.62%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.28%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
BAFE Monthly Returns History
Based on dividend-adjusted daily data since Nov 18, 2024, BAFE's average daily return is +0.04%, while the average monthly return is +0.87%. At this rate, an investment would double in approximately 6.7 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2026 with a return of +11.8%, while the worst month was Mar 2026 at -5.3%. The longest winning streak lasted 4 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BAFE closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +9.5%, while the worst single day was Apr 4, 2025 at -5.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.50% | -1.75% | -5.26% | 11.84% | 1.50% | 1.52% | 1.26% | 8.08% | |||||
| 2025 | 5.47% | -3.39% | -5.26% | -1.44% | 5.92% | 4.93% | -0.02% | 1.28% | 1.16% | -0.83% | 1.00% | 1.18% | 9.80% |
| 2024 | 2.99% | -3.40% | -0.51% |
Benchmark Metrics
Brown Advisory Flexible Equity ETF has an annualized alpha of -4.00%, beta of 0.97, and R2 of 0.90 versus S&P 500 Index. Calculated based on daily prices since November 18, 2024.
- This ETF participated in 95.03% of S&P 500 Index downside but only 75.72% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -4.00% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 0.97 and R2 of 0.90, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -4.00%
- Beta
- 0.97
- R²
- 0.90
- Upside Capture
- 75.72%
- Downside Capture
- 95.03%
Expense Ratio
BAFE has an expense ratio of 0.54%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BAFE ranks 34 for risk / return — above 34% of ETFs peers on PortfoliosLab. Its historical combined result is below the peer median.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Brown Advisory Flexible Equity ETF (BAFE) and compare them to S&P 500 Index.
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.
| BAFE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 2.00 | -1.04 |
| Martin ratioReturn relative to average drawdown | 3.45 | 8.49 | -5.04 |
Dividends
Dividend History
Brown Advisory Flexible Equity ETF provided a 0.27% dividend yield over the last twelve months, with an annual payout of $0.08 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $0.08 | $0.08 | $0.02 |
Dividend yield | 0.27% | 0.30% | 0.06% |
Monthly Dividends
The table displays the monthly dividend distributions for Brown Advisory Flexible Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2024 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Brown Advisory Flexible Equity ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Brown Advisory Flexible Equity ETF was 18.37%, occurring on Apr 8, 2025. Recovery took 59 trading sessions.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-18.37%Apr 2025 | 2mo 7d | 2mo 26d | 5mo 3dJan 2025 - Jul 2025 | 2025 selloff2025 |
-12.73%Mar 2026 | 2mo 14d | 1mo 1d | 3mo 15dJan 2026 - Apr 2026 | — |
-6.15%Nov 2025 | 23d | 21d | 1mo 14dOct 2025 - Dec 2025 | — |
-4.39%Dec 2024 | 14d | 1mo 5d | 1mo 19dDec 2024 - Jan 2025 | — |
-3.88%Oct 2025 | 18d | 17d | 1mo 5dSep 2025 - Oct 2025 | — |
Drawdown Indicators
| BAFE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -56.78% | +38.41% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -9.10% | -3.63% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.58% | +1.58% |
Average DrawdownAverage peak-to-trough decline | -3.19% | -10.70% | +7.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 2.14% | +1.42% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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