BAFWX vs. SPMO
Compare and contrast key facts about Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX) and Invesco S&P 500 Momentum ETF (SPMO).
BAFWX is managed by Brown Advisory Funds. It was launched on Jun 29, 2012. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015.
Performance
BAFWX vs. SPMO - Performance Comparison
Loading graphics...
BAFWX vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BAFWX Brown Advisory Sustainable Growth Fund Institutional Shares | -12.45% | 3.35% | 20.35% | 39.07% | -30.90% | 30.01% | 39.09% | 36.09% | 4.51% | 28.10% |
SPMO Invesco S&P 500 Momentum ETF | -3.77% | 26.58% | 45.82% | 17.56% | -10.45% | 22.64% | 28.25% | 25.93% | -0.92% | 27.76% |
Returns By Period
In the year-to-date period, BAFWX achieves a -12.45% return, which is significantly lower than SPMO's -3.77% return. Over the past 10 years, BAFWX has underperformed SPMO with an annualized return of 13.77%, while SPMO has yielded a comparatively higher 17.41% annualized return.
BAFWX
- 1D
- 3.28%
- 1M
- -4.61%
- YTD
- -12.45%
- 6M
- -15.24%
- 1Y
- -0.19%
- 3Y*
- 9.80%
- 5Y*
- 5.96%
- 10Y*
- 13.77%
SPMO
- 1D
- 2.13%
- 1M
- -4.40%
- YTD
- -3.77%
- 6M
- -4.53%
- 1Y
- 23.97%
- 3Y*
- 29.27%
- 5Y*
- 17.66%
- 10Y*
- 17.41%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BAFWX vs. SPMO - Expense Ratio Comparison
BAFWX has a 0.64% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Return for Risk
BAFWX vs. SPMO — Risk / Return Rank
BAFWX
SPMO
BAFWX vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX) and Invesco S&P 500 Momentum ETF (SPMO). 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 | SPMO | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.02 | 1.06 | -1.04 |
Sortino ratioReturn per unit of downside risk | 0.20 | 1.60 | -1.40 |
Omega ratioGain probability vs. loss probability | 1.03 | 1.24 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.03 | 1.96 | -1.93 |
Martin ratioReturn relative to average drawdown | 0.09 | 6.90 | -6.82 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BAFWX | SPMO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.02 | 1.06 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.27 | 0.93 | -0.67 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.87 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.72 | 0.86 | -0.14 |
Correlation
The correlation between BAFWX and SPMO is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BAFWX vs. SPMO - Dividend Comparison
BAFWX's dividend yield for the trailing twelve months is around 27.22%, more than SPMO's 0.89% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAFWX Brown Advisory Sustainable Growth Fund Institutional Shares | 27.22% | 23.83% | 5.23% | 0.01% | 0.00% | 1.82% | 0.00% | 1.48% | 3.71% | 1.70% | 0.71% | 4.73% |
SPMO Invesco S&P 500 Momentum ETF | 0.89% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
BAFWX vs. SPMO - Drawdown Comparison
The maximum BAFWX drawdown since its inception was -36.86%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for BAFWX and SPMO.
Loading graphics...
Drawdown Indicators
| BAFWX | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.86% | -30.95% | -5.91% |
Max Drawdown (1Y)Largest decline over 1 year | -19.93% | -12.70% | -7.23% |
Max Drawdown (5Y)Largest decline over 5 years | -36.86% | -22.74% | -14.12% |
Max Drawdown (10Y)Largest decline over 10 years | -36.86% | -30.95% | -5.91% |
Current DrawdownCurrent decline from peak | -17.22% | -7.31% | -9.91% |
Average DrawdownAverage peak-to-trough decline | -5.69% | -4.66% | -1.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.96% | 3.60% | +3.36% |
Volatility
BAFWX vs. SPMO - Volatility Comparison
The current volatility for Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX) is 6.50%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 7.22%. This indicates that BAFWX experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BAFWX | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.50% | 7.22% | -0.72% |
Volatility (6M)Calculated over the trailing 6-month period | 12.97% | 12.80% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.91% | 22.77% | +0.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.60% | 19.08% | +3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.44% | 20.09% | +1.35% |