BAFWX vs. FSELX
BAFWX (Brown Advisory Sustainable Growth Fund Institutional Shares) and FSELX (Fidelity Select Semiconductors Portfolio) are both mutual funds - BAFWX is a Large Cap Growth Equities fund managed by Brown Advisory Funds, while FSELX is a Semiconductors fund managed by Fidelity. Over the past 10 years, BAFWX returned 15.79%/yr vs 39.21%/yr for FSELX. A 0.77 correlation means they provide meaningful diversification when combined. BAFWX charges 0.64%/yr vs 0.68%/yr for FSELX.
Performance
BAFWX vs. FSELX - Performance Comparison
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Returns By Period
In the year-to-date period, BAFWX achieves a 7.08% return, which is significantly lower than FSELX's 85.56% return. Over the past 10 years, BAFWX has underperformed FSELX with an annualized return of 15.79%, while FSELX has yielded a comparatively higher 39.21% annualized return.
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%
FSELX
- 1D
- 6.35%
- 1M
- 26.53%
- YTD
- 85.56%
- 6M
- 83.27%
- 1Y
- 166.37%
- 3Y*
- 68.85%
- 5Y*
- 46.95%
- 10Y*
- 39.21%
BAFWX vs. FSELX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAFWX Brown Advisory Sustainable Growth Fund Institutional Shares | 7.08% | 3.35% | 20.35% | 39.07% | -30.90% | 30.01% | 39.09% | 36.09% | 4.51% | 28.10% |
FSELX Fidelity Select Semiconductors Portfolio | 85.56% | 52.17% | 49.68% | 78.49% | -35.27% | 59.16% | 44.33% | 64.50% | -12.01% | 34.51% |
Correlation
The correlation between BAFWX and FSELX is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2012 | 0.77 |
The correlation between BAFWX and FSELX shifts across timeframes, from 0.62 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
BAFWX vs. FSELX — Risk / Return Rank
BAFWX
FSELX
BAFWX vs. FSELX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX) and Fidelity Select Semiconductors Portfolio (FSELX). 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 | FSELX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.70 | ||
| Sortino ratioReturn per unit of downside risk | -4.25 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.71 | -0.59 |
| Calmar ratioReturn relative to maximum drawdown | 0.54 | 12.18 | -11.64 |
| Martin ratioReturn relative to average drawdown | 1.41 | 46.77 | -45.36 |
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
| BAFWX | FSELX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 5.35 | -4.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 1.21 | -0.77 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 1.12 | -0.39 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.55 | +0.25 |
Drawdowns
BAFWX vs. FSELX - Drawdown Comparison
The maximum BAFWX drawdown since its inception was -36.86%, smaller than the maximum FSELX drawdown of -82.54%. Use the drawdown chart below to compare losses from any high point for BAFWX and FSELX.
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Drawdown Indicators
| BAFWX | FSELX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.86% | -82.54% | +45.68% |
Max Drawdown (1Y)Largest decline over 1 year | -19.93% | -14.38% | -5.55% |
Max Drawdown (3Y)Largest decline over 3 years | -25.03% | -36.31% | +11.28% |
Max Drawdown (5Y)Largest decline over 5 years | -36.86% | -46.37% | +9.51% |
Max Drawdown (10Y)Largest decline over 10 years | -36.86% | -46.37% | +9.51% |
Current DrawdownCurrent decline from peak | -0.16% | 0.00% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -28.70% | +22.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.64% | 3.74% | +3.90% |
Volatility
BAFWX vs. FSELX - Volatility Comparison
The current volatility for Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX) is 4.49%, while Fidelity Select Semiconductors Portfolio (FSELX) has a volatility of 12.01%. This indicates that BAFWX experiences smaller price fluctuations and is considered to be less risky than FSELX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BAFWX | FSELX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.49% | 12.01% | -7.52% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 25.42% | -12.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.55% | 32.74% | -16.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.62% | 38.97% | -16.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 35.07% | -13.56% |
BAFWX vs. FSELX - Expense Ratio Comparison
BAFWX has a 0.64% expense ratio, which is lower than FSELX's 0.68% expense ratio.
Dividends
BAFWX vs. FSELX - Dividend Comparison
BAFWX's dividend yield for the trailing twelve months is around 22.26%, more than FSELX's 8.83% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
FSELX Fidelity Select Semiconductors Portfolio | 8.83% | 11.11% | 7.97% | 7.20% | 6.69% | 6.99% | 8.13% | 3.36% | 26.80% | 14.44% | 3.82% | 15.22% |
Frequently Asked Questions
BAFWX and FSELX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FSELX has higher volatility (12.01%) compared to BAFWX (4.49%). In terms of maximum drawdown, BAFWX dropped -36.86% vs FSELX's -82.54%.
FSELX currently has the higher Sharpe Ratio (5.35 vs 0.65), 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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