BAFWX vs. BAFMX

Last updated Jun 4, 2026

BAFWX (Brown Advisory Sustainable Growth Fund Institutional Shares) and BAFMX (Brown Advisory Mid-Cap Growth Fund) are both mutual funds - BAFWX is a Large Cap Growth Equities fund managed by Brown Advisory Funds, while BAFMX is a Mid Cap Growth Equities fund managed by Brown Advisory Funds. Their correlation of 0.91 suggests significant overlap in exposure. BAFWX charges 0.64%/yr vs 0.79%/yr for BAFMX.

Performance

BAFWX vs. BAFMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX) and Brown Advisory Mid-Cap Growth Fund (BAFMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BAFWX

• 1D: -0.16%
• 1M: 9.41%
• YTD: 7.08%
• 6M: 6.03%
• 1Y: 10.33%
• 3Y*: 15.35%
• 5Y*: 9.85%
• 10Y*: 15.79%

BAFMX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BAFWX vs. BAFMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BAFWX Brown Advisory Sustainable Growth Fund Institutional Shares	7.08%	3.35%	20.35%	39.07%	-30.90%	30.01%	39.09%	36.09%	-6.00%
BAFMX Brown Advisory Mid-Cap Growth Fund	-2.65%	3.70%	15.29%	23.21%	-28.12%	6.32%	32.56%	38.63%	-8.59%

Correlation

The correlation between BAFWX and BAFMX is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Nov 19, 2018	0.91

The correlation between BAFWX and BAFMX shifts across timeframes, from 0.80 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BAFWX vs. BAFMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BAFWX

BAFWX Risk / Return Rank: 7
BAFWX Sharpe Ratio Rank: 8
BAFWX Sortino Ratio Rank: 8
BAFWX Omega Ratio Rank: 8
BAFWX Calmar Ratio Rank: 6
BAFWX Martin Ratio Rank: 5

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.

BAFWX vs. BAFMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX) and Brown Advisory Mid-Cap Growth Fund (BAFMX). 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.

	BAFWX	BAFMX	Difference
Sharpe ratio: Return per unit of total volatility	0.65	—	—
Sortino ratio: Return per unit of downside risk	0.98	—	—
Omega ratio: Gain probability vs. loss probability	1.12	—	—
Calmar ratio: Return relative to maximum drawdown	0.54	—	—
Martin ratio: Return relative to average drawdown	1.41	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BAFWX	BAFMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.44	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.74	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	—	—

Drawdowns

Drawdown Indicators

	BAFWX	BAFMX	Difference
Max Drawdown Largest peak-to-trough decline	-36.86%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-19.93%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.86%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.86%	—	—
Current Drawdown Current decline from peak	-0.16%	—	—
Average Drawdown Average peak-to-trough decline	-5.71%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	7.64%	—	—

Volatility

Volatility by Period

	BAFWX	BAFMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.16%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.55%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.62%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.51%	—	—

BAFWX vs. BAFMX - Expense Ratio Comparison

BAFWX has a 0.64% expense ratio, which is lower than BAFMX's 0.79% expense ratio.

Dividends

BAFWX vs. BAFMX - Dividend Comparison

BAFWX's dividend yield for the trailing twelve months is around 22.26%, less than BAFMX's 75.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAFMX Brown Advisory Mid-Cap Growth Fund	75.00%	73.01%	0.00%	0.00%	6.85%	9.92%	0.00%	0.52%	1.14%	0.00%	0.00%	0.00%
BAFWX Brown Advisory Sustainable Growth Fund Institutional Shares	22.26%	23.83%	5.23%	0.01%	0.00%	1.82%	0.00%	1.48%	3.71%	1.70%	0.71%	4.73%

Frequently Asked Questions

Can I hold both BAFWX and BAFMX in my portfolio?

BAFWX and BAFMX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.