BAFWX vs. SPY
Compare and contrast key facts about Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX) and SPDR S&P 500 ETF (SPY).
BAFWX is managed by Brown Advisory Funds. It was launched on Jun 29, 2012. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BAFWX or SPY.
Key characteristics
| BAFWX | SPY | |
|---|---|---|
| YTD Return | 11.08% | 11.58% |
| 1Y Return | 33.09% | 29.17% |
| 3Y Return (Ann) | 10.98% | 9.98% |
| 5Y Return (Ann) | 16.83% | 14.95% |
| 10Y Return (Ann) | 16.61% | 12.88% |
| Sharpe Ratio | 2.23 | 2.67 |
| Daily Std Dev | 15.86% | 11.53% |
| Max Drawdown | -36.86% | -55.19% |
| Current Drawdown | -0.39% | -0.21% |
Correlation
The correlation between BAFWX and SPY is 0.90, 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.
Performance
BAFWX vs. SPY - Performance Comparison
The year-to-date returns for both investments are quite close, with BAFWX having a 11.08% return and SPY slightly higher at 11.58%. Over the past 10 years, BAFWX has outperformed SPY with an annualized return of 16.61%, while SPY has yielded a comparatively lower 12.88% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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. SPY - Expense Ratio Comparison
BAFWX has a 0.64% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
BAFWX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
BAFWX vs. SPY - Dividend Comparison
BAFWX's dividend yield for the trailing twelve months is around 0.01%, less than SPY's 1.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAFWX Brown Advisory Sustainable Growth Fund Institutional Shares | 0.01% | 0.01% | 0.00% | 1.82% | 0.00% | 0.74% | 3.71% | 1.70% | 0.71% | 4.73% | 2.09% | 1.02% |
SPY SPDR S&P 500 ETF | 1.27% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BAFWX vs. SPY - Drawdown Comparison
The maximum BAFWX drawdown since its inception was -36.86%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BAFWX and SPY. For additional features, visit the drawdowns tool.
Volatility
BAFWX vs. SPY - Volatility Comparison
Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX) has a higher volatility of 4.90% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that BAFWX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.