- ISIN
- US1152336459
- CUSIP
- 115233645
- Issuer
- Brown Advisory
- Inception Date
- Dec 11, 2012
- Category
- Emerging Markets Equities
- Min. Investment
- $100
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
BIAQX Performance Chart
Brown Advisory Emerging Markets Select Fund (BIAQX) is up 14.7% since the beginning of the year. BIAQX is currently trading at $17 per share. Investors who bought $1,000 worth of BIAQX shares 5 years ago would now be looking at an investment worth $1,517.
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Returns By Period
Brown Advisory Emerging Markets Select Fund (BIAQX) has returned 14.73% so far this year and 33.93% over the past 12 months. Over the last ten years, BIAQX has returned 7.82% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Brown Advisory Emerging Markets Select Fund
- 1D
- 3.36%
- 1M
- -1.00%
- 6M
- 4.90%
- YTD
- 14.73%
- 1Y
- 33.93%
- 3Y*
- 16.09%
- 5Y*
- 8.69%
- 10Y*
- 7.82%
- ALL TIME*
- 5.07%
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%
BIAQX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2013, BIAQX's average daily return is +0.02%, while the average monthly return is +0.52%. At this rate, an investment would double in approximately 11.1 years.
Historically, 56% of months were positive and 44% were negative. The best month was Nov 2022 with a return of +17.6%, while the worst month was Mar 2020 at -17.3%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BIAQX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +7.2%, while the worst single day was Mar 16, 2020 at -9.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.37% | 5.34% | -10.61% | 11.40% | 5.15% | -0.73% | -4.20% | 14.73% | |||||
| 2025 | 1.21% | -0.69% | 1.73% | -0.34% | 4.09% | 5.15% | 1.17% | 2.08% | 6.48% | 3.96% | -0.82% | 2.64% | 29.80% |
| 2024 | -4.73% | 3.89% | 3.18% | 1.91% | 1.34% | 3.34% | -0.17% | 0.68% | 6.26% | -4.38% | -1.17% | -1.07% | 8.83% |
| 2023 | 7.96% | -6.07% | 3.78% | -1.44% | -2.14% | 5.46% | 6.97% | -5.72% | -2.71% | -4.32% | 5.92% | 3.85% | 10.55% |
| 2022 | 1.35% | -4.84% | -3.94% | -4.38% | 1.05% | -4.34% | -0.89% | 0.10% | -10.25% | -4.66% | 17.56% | -0.77% | -15.20% |
| 2021 | 2.99% | 4.15% | -0.08% | 0.80% | 1.03% | -1.72% | -5.18% | 2.85% | -2.20% | 0.83% | -4.39% | 2.96% | 1.55% |
Benchmark Metrics
Brown Advisory Emerging Markets Select Fund has an annualized alpha of -2.88%, beta of 0.67, and R2 of 0.50 versus S&P 500 Index. Calculated based on daily prices since January 02, 2013.
- This fund participated in 83.74% of S&P 500 Index downside but only 57.29% of its upside - more exposed to losses than it benefited from rallies.
- This fund had an annualized alpha of -2.88% versus S&P 500 Index - delivering less than market exposure alone would predict.
- Beta of 0.67 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -2.88%
- Beta
- 0.67
- R²
- 0.50
- Upside Capture
- 57.29%
- Downside Capture
- 83.74%
Expense Ratio
BIAQX has a high expense ratio of 1.25%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
BIAQX ranks 53 for risk / return — above 53% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Brown Advisory Emerging Markets Select Fund (BIAQX) 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.
| BIAQX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.00 | +0.19 |
| Martin ratioReturn relative to average drawdown | 7.12 | 8.49 | -1.38 |
Dividends
Dividend History
Brown Advisory Emerging Markets Select Fund provided a 1.39% dividend yield over the last twelve months, with an annual payout of $0.24 per share. The fund has been increasing its distributions for 5 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.24 | $0.22 | $0.17 | $0.11 | $0.06 | $0.05 | $0.09 | $0.32 | $0.09 | $0.10 | $0.08 |
Dividend yield | 1.39% | 1.60% | 1.87% | 1.59% | 1.13% | 0.52% | 0.44% | 0.89% | 3.75% | 0.81% | 1.17% | 0.99% |
Monthly Dividends
The table displays the monthly dividend distributions for Brown Advisory Emerging Markets Select Fund. 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 | $0.24 | $0.24 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.17 | $0.17 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.06 |
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 Emerging Markets Select Fund. 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 Emerging Markets Select Fund was 40.55%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current Brown Advisory Emerging Markets Select Fund drawdown is 8.50%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-40.55%Mar 2020 | 2y 1mo | 8mo 16d | 2y 10moJan 2018 - Dec 2020 | COVID crash2020 |
-35.03%Oct 2022 | 1y 8mo | 1y 11mo | 3y 7moFeb 2021 - Oct 2024 | Bear market2022 |
-26.11%Jan 2016 | 2y 8mo | 1y 4mo | 4y 17dMay 2013 - May 2017 | — |
-17.23%Apr 2025 | 6mo 7d | 2mo 2d | 8mo 9dOct 2024 - Jun 2025 | 2025 selloff2025 |
-13.93%Mar 2026 | 1mo 2d | 1mo 6d | 2mo 8dFeb 2026 - May 2026 | — |
Drawdown Indicators
| BIAQX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.55% | -56.78% | +16.23% |
Max Drawdown (1Y)Largest decline over 1 year | -13.93% | -9.10% | -4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -17.23% | -18.90% | +1.67% |
Max Drawdown (5Y)Largest decline over 5 years | -31.03% | -25.43% | -5.60% |
Max Drawdown (10Y)Largest decline over 10 years | -40.55% | -33.92% | -6.63% |
Current DrawdownCurrent decline from peak | -8.50% | -1.58% | -6.92% |
Average DrawdownAverage peak-to-trough decline | -11.15% | -10.70% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.30% | 2.14% | +2.16% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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