BAFE vs. FNDX
BAFE (Brown Advisory Flexible Equity ETF) and FNDX (Schwab Fundamental U.S. Large Company Index ETF) are both exchange-traded funds - BAFE is a Large Cap Blend Equities fund actively managed by Brown Advisory, while FNDX is a Large Cap Value Equities fund tracking the RAFI Fundamental High Liquidity US Large Index. BAFE is actively managed, while FNDX is passively managed. Over the past year, BAFE returned 14.24% vs 31.80% for FNDX. Their correlation of 0.81 suggests significant overlap in exposure. BAFE charges 0.54%/yr vs 0.25%/yr for FNDX.
Performance
BAFE vs. FNDX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, BAFE achieves a 5.32% return, which is significantly lower than FNDX's 14.79% return.
BAFE
- 1D
- -0.93%
- 1M
- 1.39%
- YTD
- 5.32%
- 6M
- 4.99%
- 1Y
- 14.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNDX
- 1D
- 0.19%
- 1M
- 0.94%
- YTD
- 14.79%
- 6M
- 14.33%
- 1Y
- 31.80%
- 3Y*
- 20.50%
- 5Y*
- 13.48%
- 10Y*
- 14.53%
BAFE vs. FNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BAFE Brown Advisory Flexible Equity ETF | 5.32% | 9.80% | -0.51% |
FNDX Schwab Fundamental U.S. Large Company Index ETF | 14.79% | 16.94% | -2.30% |
Correlation
The correlation between BAFE and FNDX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2024 | 0.81 |
The correlation between BAFE and FNDX has been stable across timeframes, ranging from 0.81 to 0.81 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
BAFE vs. FNDX — Risk / Return Rank
BAFE
FNDX
BAFE vs. FNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Flexible Equity ETF (BAFE) and Schwab Fundamental U.S. Large Company Index ETF (FNDX). 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.
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 | FNDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.99 | ||
| Sortino ratioReturn per unit of downside risk | -2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.56 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | 1.12 | 5.27 | -4.14 |
| Martin ratioReturn relative to average drawdown | 4.01 | 20.40 | -16.39 |
Loading charts...
Drawdowns
BAFE vs. FNDX - Drawdown Comparison
The maximum BAFE drawdown since its inception was -18.37%, smaller than the maximum FNDX drawdown of -37.72%. Use the drawdown chart below to compare losses from any high point for BAFE and FNDX.
Loading charts...
Drawdown Indicators
| BAFE | FNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -37.72% | +19.35% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -6.06% | -6.67% |
Max Drawdown (3Y)Largest decline over 3 years | — | -16.30% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.06% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.72% | — |
Current DrawdownCurrent decline from peak | -1.56% | -1.02% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -3.55% | +0.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 1.56% | +2.00% |
Volatility
BAFE vs. FNDX - Volatility Comparison
Brown Advisory Flexible Equity ETF (BAFE) has a higher volatility of 4.58% compared to Schwab Fundamental U.S. Large Company Index ETF (FNDX) at 3.29%. This indicates that BAFE's price experiences larger fluctuations and is considered to be riskier than FNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| BAFE | FNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 3.29% | +1.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.52% | 7.61% | +2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.44% | 10.47% | +2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.51% | 15.18% | +2.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.51% | 17.52% | -0.01% |
BAFE vs. FNDX - Expense Ratio Comparison
BAFE has a 0.54% expense ratio, which is higher than FNDX's 0.25% expense ratio.
Dividends
BAFE vs. FNDX - Dividend Comparison
BAFE's dividend yield for the trailing twelve months is around 0.28%, less than FNDX's 1.45% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAFE Brown Advisory Flexible Equity ETF | 0.28% | 0.30% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNDX Schwab Fundamental U.S. Large Company Index ETF | 1.45% | 1.63% | 1.76% | 1.82% | 2.07% | 1.64% | 2.29% | 2.23% | 2.40% | 1.86% | 2.01% | 2.01% |
Frequently Asked Questions
BAFE and FNDX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BAFE has higher volatility (4.58%) compared to FNDX (3.29%). In terms of maximum drawdown, BAFE dropped -18.37% vs FNDX's -37.72%.
On 1-year performance, FNDX leads with 31.80% vs 14.24% for BAFE. On fees, FNDX is cheaper at 0.25% per year. On volatility, FNDX has been the lower-risk option at 3.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FNDX has performed better with a 31.80% return vs 14.24%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FNDX is cheaper with a 0.25% expense ratio, compared with 0.54% for BAFE.
FNDX has the higher dividend yield at 1.45%, compared with 0.28% for BAFE.
BAFE is categorized as Large Cap Blend Equities, while FNDX is Large Cap Value Equities. They also come from different issuers: Brown Advisory and Charles Schwab. Their fees differ too: 0.54% for BAFE and 0.25% for FNDX.
FNDX currently has the higher Sharpe Ratio (3.06 vs 1.07), 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.
Find the right allocation for BAFE and FNDX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer