BAFE vs. ITOT
BAFE (Brown Advisory Flexible Equity ETF) and ITOT (iShares Core S&P Total U.S. Stock Market ETF) are both Large Cap Blend Equities funds. BAFE is actively managed, while ITOT is passively managed. Over the past year, BAFE returned 13.86% vs 28.12% for ITOT. Their correlation of 0.91 suggests significant overlap in exposure. BAFE charges 0.54%/yr vs 0.03%/yr for ITOT.
Performance
BAFE vs. ITOT - Performance Comparison
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Returns By Period
In the year-to-date period, BAFE achieves a 5.14% return, which is significantly lower than ITOT's 11.25% return.
BAFE
- 1D
- -0.35%
- 1M
- 1.97%
- YTD
- 5.14%
- 6M
- 6.05%
- 1Y
- 13.86%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITOT
- 1D
- -0.73%
- 1M
- 5.01%
- YTD
- 11.25%
- 6M
- 11.12%
- 1Y
- 28.12%
- 3Y*
- 22.09%
- 5Y*
- 12.69%
- 10Y*
- 15.01%
BAFE vs. ITOT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BAFE Brown Advisory Flexible Equity ETF | 5.14% | 9.80% | -0.51% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 11.25% | 17.00% | -0.28% |
Correlation
The correlation between BAFE and ITOT is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 19, 2024 | 0.91 |
The correlation between BAFE and ITOT has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
BAFE vs. ITOT — Risk / Return Rank
BAFE
ITOT
BAFE vs. ITOT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Flexible Equity ETF (BAFE) and iShares Core S&P Total U.S. Stock Market ETF (ITOT). 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.
| BAFE | ITOT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.24 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.42 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.09 | 3.17 | -2.08 |
| Martin ratioReturn relative to average drawdown | 3.91 | 14.57 | -10.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BAFE | ITOT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.08 | 2.32 | -1.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.82 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.57 | -0.03 |
Drawdowns
BAFE vs. ITOT - Drawdown Comparison
The maximum BAFE drawdown since its inception was -18.37%, smaller than the maximum ITOT drawdown of -55.20%. Use the drawdown chart below to compare losses from any high point for BAFE and ITOT.
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Drawdown Indicators
| BAFE | ITOT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -55.20% | +36.83% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -8.90% | -3.83% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.44% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.36% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.00% | — |
Current DrawdownCurrent decline from peak | -0.45% | -0.73% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -3.40% | -6.97% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.55% | 1.94% | +1.61% |
Volatility
BAFE vs. ITOT - Volatility Comparison
The current volatility for Brown Advisory Flexible Equity ETF (BAFE) is 2.62%, while iShares Core S&P Total U.S. Stock Market ETF (ITOT) has a volatility of 2.99%. This indicates that BAFE experiences smaller price fluctuations and is considered to be less risky than ITOT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAFE | ITOT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.62% | 2.99% | -0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.80% | 9.13% | +0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.94% | 12.20% | +0.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 17.36% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.45% | 18.26% | -0.81% |
BAFE vs. ITOT - Expense Ratio Comparison
BAFE has a 0.54% expense ratio, which is higher than ITOT's 0.03% expense ratio.
Dividends
BAFE vs. ITOT - Dividend Comparison
BAFE's dividend yield for the trailing twelve months is around 0.28%, less than ITOT's 0.98% 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% |
ITOT iShares Core S&P Total U.S. Stock Market ETF | 0.98% | 1.11% | 1.23% | 1.47% | 1.66% | 1.18% | 1.41% | 1.88% | 2.14% | 1.69% | 1.83% | 2.01% |
Frequently Asked Questions
BAFE and ITOT have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ITOT has higher volatility (2.99%) compared to BAFE (2.62%). In terms of maximum drawdown, BAFE dropped -18.37% vs ITOT's -55.20%.
On 1-year performance, ITOT leads with 28.12% vs 13.86% for BAFE. On fees, ITOT is cheaper at 0.03% per year. On volatility, BAFE has been the lower-risk option at 2.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ITOT has performed better with a 28.12% return vs 13.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ITOT is cheaper with a 0.03% expense ratio, compared with 0.54% for BAFE.
ITOT has the higher dividend yield at 0.98%, compared with 0.28% for BAFE.
They also come from different issuers: Brown Advisory and iShares. Their fees differ too: 0.54% for BAFE and 0.03% for ITOT.
ITOT currently has the higher Sharpe Ratio (2.32 vs 1.08), 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.
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