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ISIN
US1152333480
CUSIP
115233348
Inception Date
Dec 1, 2019
Min. Investment
$100
Distribution Policy
Distributing
Asset Class
Bond

Share Price Chart


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Performance

BITEX Performance Chart

Brown Advisory Tax-Exempt Sustainable Bond Fund (BITEX) is up 1.4% since the beginning of the year. BITEX is currently trading at $9 per share. Investors who bought $1,000 worth of BITEX shares 5 years ago would now be looking at an investment worth $1,026.


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S&P 500 Index

Returns By Period

Brown Advisory Tax-Exempt Sustainable Bond Fund (BITEX) has returned 1.44% so far this year and 6.29% over the past 12 months.


Brown Advisory Tax-Exempt Sustainable Bond Fund

1D
0.11%
1M
1.29%
YTD
1.44%
6M
1.86%
1Y
6.29%
3Y*
3.59%
5Y*
0.52%
10Y*

Benchmark (S&P 500 Index)

1D
-0.37%
1M
-0.01%
YTD
9.16%
6M
8.64%
1Y
25.22%
3Y*
19.78%
5Y*
11.99%
10Y*
13.88%
*Multi-year figures are annualized to reflect compound growth (CAGR)

BITEX Monthly Returns History

Based on dividend-adjusted daily data since Dec 2, 2019, BITEX's average daily return is 0.00%, while the average monthly return is +0.09%. At this rate, an investment would double in approximately 64.2 years.

Historically, 57% of months were positive and 43% were negative. The best month was Nov 2023 with a return of +5.0%, while the worst month was Mar 2020 at -4.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.

On a daily basis, BITEX closed higher 33% of trading days. The best single day was Mar 25, 2020 with a return of +3.1%, while the worst single day was Mar 19, 2020 at -2.8%.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20260.62%1.25%-1.99%0.96%0.52%0.11%1.44%
20250.11%1.04%-1.34%-0.36%-0.03%0.64%-0.14%0.76%1.87%1.08%0.29%0.30%4.27%
2024-0.47%0.17%0.08%-0.80%-0.13%1.65%0.86%0.75%0.66%-1.11%1.40%-1.01%2.02%
20231.92%-1.50%1.39%-0.22%-0.37%0.50%0.39%-0.80%-2.26%-1.72%4.97%2.20%4.35%
2022-2.36%-0.61%-3.56%-2.41%0.44%-1.30%1.65%-1.62%-2.75%-0.47%3.52%-0.12%-9.40%
20210.60%-1.38%0.62%0.91%0.50%0.41%0.90%-0.27%-0.66%-0.30%0.80%0.09%2.21%

Benchmark Metrics

Brown Advisory Tax-Exempt Sustainable Bond Fund has an annualized alpha of 0.59%, beta of 0.03, and R2 of 0.03 versus S&P 500 Index. Calculated based on daily prices since December 02, 2019.

  • This fund participated in 23.21% of S&P 500 Index downside but only 11.57% of its upside - more exposed to losses than it benefited from rallies.
  • Beta of 0.03 may look defensive, but with R2 of 0.03 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
  • R2 of 0.03 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

Alpha
0.59%
Beta
0.03
0.03
Upside Capture
11.57%
Downside Capture
23.21%

Expense Ratio

BITEX has an expense ratio of 0.49%, placing it in the medium range.


Return for Risk

Risk / Return Rank

BITEX ranks 71 for risk / return — better than 71% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.


BITEX Risk / Return Rank: 7171
Overall Rank
BITEX Sharpe Ratio Rank: 8787
Sharpe Ratio Rank
BITEX Sortino Ratio Rank: 9292
Sortino Ratio Rank
BITEX Omega Ratio Rank: 9393
Omega Ratio Rank
BITEX Calmar Ratio Rank: 4444
Calmar Ratio Rank
BITEX Martin Ratio Rank: 4040
Martin Ratio Rank
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.

Return / Risk — by metrics

The table below present risk-adjusted performance metrics for Brown Advisory Tax-Exempt Sustainable Bond Fund (BITEX) 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.


BITEXBenchmarkDifference
Sharpe ratioReturn per unit of total volatility

+0.59

Sortino ratioReturn per unit of downside risk

+1.55

Omega ratioGain probability vs. loss probability

1.68

1.37

+0.31

Calmar ratioReturn relative to maximum drawdown

2.43

2.78

-0.35

Martin ratioReturn relative to average drawdown

8.25

12.44

-4.19

Dividends

Dividend History

Brown Advisory Tax-Exempt Sustainable Bond Fund provided a 3.51% dividend yield over the last twelve months, with an annual payout of $0.32 per share.


0.00%0.50%1.00%1.50%2.00%2.50%3.00%3.50%$0.00$0.05$0.10$0.15$0.20$0.25$0.302019202020212022202320242025
Dividends
Dividend Yield
PeriodTTM2025202420232022202120202019
Dividend$0.32$0.30$0.30$0.26$0.11$0.20$0.15$0.01

Dividend yield

3.51%3.25%3.32%2.78%1.25%2.00%1.45%0.09%

Monthly Dividends

The table displays the monthly dividend distributions for Brown Advisory Tax-Exempt Sustainable Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2026$0.03$0.02$0.03$0.03$0.03$0.00$0.13
2025$0.00$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.30
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.00$0.03$0.03$0.03$0.30
2023$0.02$0.02$0.03$0.00$0.03$0.03$0.03$0.03$0.03$0.00$0.03$0.03$0.26
2022$0.01$0.01$0.01$0.01$0.00$0.00$0.00$0.01$0.00$0.02$0.02$0.02$0.11
2021$0.00$0.00$0.01$0.01$0.01$0.01$0.01$0.01$0.01$0.00$0.01$0.11$0.20

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 Tax-Exempt Sustainable Bond 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 Tax-Exempt Sustainable Bond Fund was 13.06%, occurring on Oct 25, 2022. Recovery took 798 trading sessions.

The current Brown Advisory Tax-Exempt Sustainable Bond Fund drawdown is 0.43%.


Related event

Drawdown

Fall

Recovery

Underwater

Bear market2022
-13.06%Oct 2022
1y 2mo3y 2mo
4y 4moAug 2021 - Dec 2025
COVID crash2020
-11.22%Mar 2020
10d1y 2mo
1y 2moMar 2020 - Jun 2021
2026 pullback2026
-2.60%Mar 2026
22d
3mo 23dMar 2026 - now
2021 pullback2021
-0.39%Jun 2021
8d12d
20dJun 2021 - Jul 2021
2026 pullback2026
-0.33%Jan 2026
1d9d
10dJan 2026 - Jan 2026

Drawdown Indicators


BITEXBenchmarkDifference

Max Drawdown

Largest peak-to-trough decline

-13.06%

-56.78%

+43.72%

Max Drawdown (1Y)

Largest decline over 1 year

-2.60%

-9.10%

+6.50%

Max Drawdown (3Y)

Largest decline over 3 years

-4.76%

-18.90%

+14.14%

Max Drawdown (5Y)

Largest decline over 5 years

-13.06%

-25.43%

+12.37%

Max Drawdown (10Y)

Largest decline over 10 years

-33.92%

Current Drawdown

Current decline from peak

-0.43%

-1.80%

+1.37%

Average Drawdown

Average peak-to-trough decline

-4.51%

-10.71%

+6.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.76%

2.03%

-1.27%

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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Portfolio Analyzer

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