BAFE vs. TEXN
BAFE (Brown Advisory Flexible Equity ETF) and TEXN (iShares Texas Equity ETF) are both Large Cap Blend Equities funds. BAFE is actively managed, while TEXN is passively managed. Over the past year, BAFE returned 11.98% vs 30.05% for TEXN. At a 0.48 correlation, their price movements are largely independent. BAFE charges 0.54%/yr vs 0.20%/yr for TEXN.
Performance
BAFE vs. TEXN - Performance Comparison
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Returns By Period
In the year-to-date period, BAFE achieves a 4.10% return, which is significantly lower than TEXN's 20.05% return.
BAFE
- 1D
- -1.16%
- 1M
- 0.22%
- YTD
- 4.10%
- 6M
- 3.47%
- 1Y
- 11.98%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TEXN
- 1D
- -1.33%
- 1M
- -2.29%
- YTD
- 20.05%
- 6M
- 18.60%
- 1Y
- 30.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BAFE vs. TEXN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BAFE Brown Advisory Flexible Equity ETF | 4.10% | 7.57% |
TEXN iShares Texas Equity ETF | 20.05% | 8.33% |
Correlation
The correlation between BAFE and TEXN is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025 | 0.48 |
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Return for Risk
BAFE vs. TEXN — Risk / Return Rank
BAFE
TEXN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
BAFE vs. TEXN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Flexible Equity ETF (BAFE) and iShares Texas Equity ETF (TEXN). 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 | TEXN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | — | — |
| Martin ratioReturn relative to average drawdown | 3.37 | — | — |
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Drawdowns
BAFE vs. TEXN - Drawdown Comparison
The maximum BAFE drawdown since its inception was -18.37%, which is greater than TEXN's maximum drawdown of -6.34%. Use the drawdown chart below to compare losses from any high point for BAFE and TEXN.
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Drawdown Indicators
| BAFE | TEXN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.37% | -6.34% | -12.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.73% | -6.34% | -6.39% |
Current DrawdownCurrent decline from peak | -2.70% | -4.90% | +2.20% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -1.24% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | — | — |
Volatility
BAFE vs. TEXN - Volatility Comparison
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Volatility by Period
| BAFE | TEXN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.47% | 14.50% | -1.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.51% | 14.50% | +3.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.51% | 14.50% | +3.01% |
BAFE vs. TEXN - Expense Ratio Comparison
BAFE has a 0.54% expense ratio, which is higher than TEXN's 0.20% expense ratio.
Dividends
BAFE vs. TEXN - Dividend Comparison
BAFE's dividend yield for the trailing twelve months is around 0.28%, less than TEXN's 1.40% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
BAFE Brown Advisory Flexible Equity ETF | 0.28% | 0.30% | 0.06% |
TEXN iShares Texas Equity ETF | 1.40% | 0.86% | 0.00% |
Frequently Asked Questions
BAFE and TEXN have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, TEXN leads with 30.05% vs 11.98% for BAFE. On fees, TEXN is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TEXN has performed better with a 30.05% return vs 11.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TEXN is cheaper with a 0.20% expense ratio, compared with 0.54% for BAFE.
TEXN has the higher dividend yield at 1.40%, 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 0.20% for TEXN.
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