BAIV vs. VEU

Last updated Jun 4, 2026

BAIV (Brown Advisory International Value Select ETF) and VEU (Vanguard FTSE All-World ex-US ETF) are both Foreign Large Cap Equities funds. BAIV is actively managed, while VEU is passively managed. Their correlation of 0.82 suggests significant overlap in exposure. BAIV charges 0.60%/yr vs 0.04%/yr for VEU.

Performance

BAIV vs. VEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown Advisory International Value Select ETF (BAIV) and Vanguard FTSE All-World ex-US ETF (VEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BAIV

• 1D: -0.92%
• 1M: 2.26%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VEU

• 1D: -0.98%
• 1M: 5.07%
• YTD: 14.60%
• 6M: 17.34%
• 1Y: 32.37%
• 3Y*: 19.62%
• 5Y*: 8.67%
• 10Y*: 9.94%

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

BAIV vs. VEU - Yearly Performance Comparison

	2026 (YTD)
BAIV Brown Advisory International Value Select ETF	-0.83%
VEU Vanguard FTSE All-World ex-US ETF	2.79%

Correlation

The correlation between BAIV and VEU is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 27, 2026	0.82

Return for Risk

BAIV vs. VEU — Risk / Return Rank

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

VEU

VEU Risk / Return Rank: 60
VEU Sharpe Ratio Rank: 62
VEU Sortino Ratio Rank: 61
VEU Omega Ratio Rank: 62
VEU Calmar Ratio Rank: 56
VEU Martin Ratio Rank: 61

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.

BAIV vs. VEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Advisory International Value Select ETF (BAIV) and Vanguard FTSE All-World ex-US ETF (VEU). 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.

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

Sharpe Ratios by Period

	BAIV	VEU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.13	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.54	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.58	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	0.25	-0.41

Drawdowns

BAIV vs. VEU - Drawdown Comparison

The maximum BAIV drawdown since its inception was -11.41%, smaller than the maximum VEU drawdown of -61.52%. Use the drawdown chart below to compare losses from any high point for BAIV and VEU.

Drawdown Indicators

	BAIV	VEU	Difference
Max Drawdown Largest peak-to-trough decline	-11.41%	-61.52%	+50.11%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.43%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.69%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.31%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.98%	—
Current Drawdown Current decline from peak	-0.92%	-0.98%	+0.06%
Average Drawdown Average peak-to-trough decline	-4.26%	-13.13%	+8.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.93%	—

Volatility

Volatility by Period

	BAIV	VEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.59%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.04%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.45%	15.29%	+4.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.45%	16.07%	+3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.45%	17.21%	+2.24%

BAIV vs. VEU - Expense Ratio Comparison

BAIV has a 0.60% expense ratio, which is higher than VEU's 0.04% expense ratio.

Dividends

BAIV vs. VEU - Dividend Comparison

BAIV has not paid dividends to shareholders, while VEU's dividend yield for the trailing twelve months is around 2.61%.

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%
VEU Vanguard FTSE All-World ex-US ETF	2.61%	3.09%	3.24%	3.32%	3.12%	3.08%	2.00%	3.10%	3.27%	2.66%	2.96%	2.95%

Frequently Asked Questions

Can I hold both BAIV and VEU in my portfolio?

BAIV and VEU have a correlation of 0.82, 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 VEU?

On fees, VEU is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BAIV or VEU?

VEU is cheaper with a 0.04% expense ratio, compared with 0.60% for BAIV.

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

VEU has the higher dividend yield at 2.61%, compared with 0.00% for BAIV.

What is the main difference between BAIV and VEU?

They also come from different issuers: Brown Advisory and Vanguard. Their fees differ too: 0.60% for BAIV and 0.04% for VEU.