BASBX vs. BITEX
BASBX (Brown Advisory Sustainable Bond Fund) and BITEX (Brown Advisory Tax-Exempt Sustainable Bond Fund) are both mutual funds - BASBX is a Intermediate Core-Plus Bond fund managed by Brown Advisory, while BITEX is a Municipal Bonds fund managed by Brown Advisory. Over the past 5 years, BASBX returned -0.95%/yr vs 0.10%/yr for BITEX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.49% expense ratio.
Performance
BASBX vs. BITEX - Performance Comparison
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Returns By Period
In the year-to-date period, BASBX achieves a -0.42% return, which is significantly lower than BITEX's 0.28% return.
BASBX
- 1D
- 0.00%
- 1M
- -0.95%
- 6M
- -0.74%
- YTD
- -0.42%
- 1Y
- 1.86%
- 3Y*
- 3.37%
- 5Y*
- -0.95%
- 10Y*
- —
- ALL TIME*
- 1.51%
BITEX
- 1D
- -0.11%
- 1M
- -1.53%
- 6M
- -0.34%
- YTD
- 0.28%
- 1Y
- 4.43%
- 3Y*
- 2.93%
- 5Y*
- 0.10%
- 10Y*
- —
- ALL TIME*
- 0.80%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BASBX vs. BITEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BASBX Brown Advisory Sustainable Bond Fund | -0.42% | 6.84% | 0.93% | 3.42% | -13.45% | -0.39% | 8.88% | 0.89% |
BITEX Brown Advisory Tax-Exempt Sustainable Bond Fund | 0.28% | 4.27% | 2.02% | 4.35% | -9.40% | 2.21% | 2.08% | 0.19% |
Correlation
The correlation between BASBX and BITEX is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.56 |
Correlation (All Time) Calculated using the full available price history since Dec 2, 2019 | 0.51 |
The correlation between BASBX and BITEX has been stable across timeframes, ranging from 0.51 to 0.57 - a consistent structural relationship.
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Return for Risk
BASBX vs. BITEX — Risk / Return Rank
BASBX
BITEX
BASBX vs. BITEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Sustainable Bond Fund (BASBX) and Brown Advisory Tax-Exempt Sustainable Bond Fund (BITEX). 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.
| BASBX | BITEX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.52 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.02 | -1.10 |
| Martin ratioReturn relative to average drawdown | 2.34 | 6.55 | -4.21 |
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Drawdowns
BASBX vs. BITEX - Drawdown Comparison
The maximum BASBX drawdown since its inception was -18.78%, which is greater than BITEX's maximum drawdown of -13.06%. Use the drawdown chart below to compare losses from any high point for BASBX and BITEX.
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Drawdown Indicators
| BASBX | BITEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.78% | -13.06% | -5.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.99% | -2.60% | -0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -5.43% | -4.39% | -1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -18.78% | -13.06% | -5.72% |
Current DrawdownCurrent decline from peak | -4.93% | -1.57% | -3.36% |
Average DrawdownAverage peak-to-trough decline | -5.62% | -4.45% | -1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 0.80% | +0.38% |
Volatility
BASBX vs. BITEX - Volatility Comparison
Brown Advisory Sustainable Bond Fund (BASBX) has a higher volatility of 1.03% compared to Brown Advisory Tax-Exempt Sustainable Bond Fund (BITEX) at 0.78%. This indicates that BASBX's price experiences larger fluctuations and is considered to be riskier than BITEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BASBX | BITEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.03% | 0.78% | +0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 2.91% | 1.98% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.78% | 2.47% | +1.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.72% | 3.29% | +2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.07% | 4.01% | +1.06% |
BASBX vs. BITEX - Expense Ratio Comparison
Both BASBX and BITEX have an expense ratio of 0.49%.
Dividends
BASBX vs. BITEX - Dividend Comparison
BASBX's dividend yield for the trailing twelve months is around 3.96%, more than BITEX's 3.25% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
BASBX Brown Advisory Sustainable Bond Fund | 3.96% | 4.35% | 4.40% | 3.66% | 2.07% | 2.73% | 4.04% | 5.23% | 2.59% | 0.64% |
BITEX Brown Advisory Tax-Exempt Sustainable Bond Fund | 3.25% | 3.25% | 3.32% | 2.78% | 1.25% | 2.00% | 1.45% | 0.09% | 0.00% | 0.00% |
Frequently Asked Questions
BASBX and BITEX have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BASBX has higher volatility (1.03%) compared to BITEX (0.78%). In terms of maximum drawdown, BASBX dropped -18.78% vs BITEX's -13.06%.
BITEX currently has the higher Sharpe Ratio (2.13 vs 0.74), 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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