BAIV vs. FDT

Last updated Aug 2, 2026

BAIV (Brown Advisory International Value Select ETF) and FDT (First Trust Developed Markets ex-US AlphaDEX Fund) are both Foreign Large Cap Equities funds. BAIV is actively managed, while FDT is passively managed. Their 0.53 correlation means they have sometimes moved together and sometimes differently. BAIV charges 0.60%/yr vs 0.80%/yr for FDT.

Performance

BAIV vs. FDT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown Advisory International Value Select ETF (BAIV) and First Trust Developed Markets ex-US AlphaDEX Fund (FDT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BAIV

• 1D: -0.89%
• 1M: 7.20%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FDT

• 1D: -0.76%
• 1M: -4.05%
• 6M: 3.93%
• YTD: 14.23%
• 1Y: 33.19%
• 3Y*: 22.82%
• 5Y*: 11.18%
• 10Y*: 9.69%
• ALL TIME*: 6.57%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BAIV Brown Advisory International Value Select ETF	$113.82K	$399.73K	$431.56K
FDT First Trust Developed Markets ex-US AlphaDEX Fund	$16.56M	$12.50M	$12.04M

BAIV vs. FDT - Yearly Performance Comparison

	2026 (YTD)
BAIV Brown Advisory International Value Select ETF	10.39%
FDT First Trust Developed Markets ex-US AlphaDEX Fund	-6.60%

Correlation

The correlation between BAIV and FDT is 0.53, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026	0.53

Return for Risk

BAIV vs. FDT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BAIV

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FDT

FDT Risk / Return Rank: 68
FDT Sharpe Ratio Rank: 70
FDT Sortino Ratio Rank: 66
FDT Omega Ratio Rank: 72
FDT Calmar Ratio Rank: 71
FDT Martin Ratio Rank: 61

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BAIV vs. FDT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Advisory International Value Select ETF (BAIV) and First Trust Developed Markets ex-US AlphaDEX Fund (FDT). 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.

	BAIV	FDT	Difference
Sharpe ratio: Return per unit of total volatility	—	1.60	—
Sortino ratio: Return per unit of downside risk	—	2.17	—
Omega ratio: Gain probability vs. loss probability	—	1.30	—
Calmar ratio: Return relative to maximum drawdown	—	2.48	—
Martin ratio: Return relative to average drawdown	—	7.32	—

Drawdowns

BAIV vs. FDT - Drawdown Comparison

The maximum BAIV drawdown since its inception was -11.41%, smaller than the maximum FDT drawdown of -46.10%. Use the drawdown chart below to compare losses from any high point for BAIV and FDT.

Drawdown Indicators

	BAIV	FDT	Difference
Max Drawdown Largest peak-to-trough decline	-11.41%	-46.10%	+34.69%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.41%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.29%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-32.80%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-46.10%	—
Current Drawdown Current decline from peak	-0.89%	-10.43%	+9.54%
Average Drawdown Average peak-to-trough decline	-2.90%	-10.73%	+7.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.52%	—

Volatility

Volatility by Period

	BAIV	FDT	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.33%	—
Volatility (6M) Calculated over the trailing 6-month period	—	18.77%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.50%	20.77%	-3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.50%	18.67%	-1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.50%	18.57%	-1.07%

BAIV vs. FDT - Expense Ratio Comparison

BAIV has a 0.60% expense ratio, which is lower than FDT's 0.80% expense ratio.

Dividends

BAIV vs. FDT - Dividend Comparison

BAIV has not paid dividends to shareholders, while FDT's dividend yield for the trailing twelve months is around 2.93%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BAIV Brown Advisory International Value Select ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDT First Trust Developed Markets ex-US AlphaDEX Fund	2.93%	3.27%	3.89%	4.36%	2.29%	3.80%	2.42%	2.78%	2.13%	1.57%	1.76%	1.83%

Frequently Asked Questions

Can I hold both BAIV and FDT in my portfolio?

BAIV and FDT have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BAIV or FDT?

On fees, BAIV is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BAIV or FDT?

BAIV is cheaper with a 0.60% expense ratio, compared with 0.80% for FDT.

Which ETF pays a higher dividend yield, BAIV or FDT?

FDT has the higher dividend yield at 2.93%, compared with 0.00% for BAIV.

What is the main difference between BAIV and FDT?

They also come from different issuers: Brown Advisory and First Trust. Their fees differ too: 0.60% for BAIV and 0.80% for FDT.