BBHL vs. BBHM

Last updated Apr 2, 2026

Compare and contrast key facts about BBH Select Large Cap ETF (BBHL) and BBH Select Mid Cap ETF (BBHM).

BBHL and BBHM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BBHL is a passively managed fund by BBH that tracks the performance of the Actively Managed. It was launched on Sep 9, 2019. BBHM is a passively managed fund by BBH that tracks the performance of the Actively Managed. It was launched on May 24, 2021. Both BBHL and BBHM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

BBHL vs. BBHM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BBH Select Large Cap ETF (BBHL) and BBH Select Mid Cap ETF (BBHM). The values are adjusted to include any dividend payments, if applicable.

BBHL vs. BBHM - Yearly Performance Comparison

	2026 (YTD)	2025
BBHL BBH Select Large Cap ETF	-6.51%	2.72%
BBHM BBH Select Mid Cap ETF	-1.59%	2.74%

Returns By Period

In the year-to-date period, BBHL achieves a -6.51% return, which is significantly lower than BBHM's -1.59% return.

BBHL

• 1D: 0.33%
• 1M: -5.22%
• YTD: -6.51%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBHM

• 1D: 0.73%
• 1M: -6.26%
• YTD: -1.59%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBHL vs. BBHM - Expense Ratio Comparison

BBHL has a 0.71% expense ratio, which is lower than BBHM's 0.81% expense ratio.

BBHM

BBH Select Mid Cap ETF

BBHL

BBH Select Large Cap ETF

Return for Risk

BBHL vs. BBHM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BBH Select Large Cap ETF (BBHL) and BBH Select Mid Cap ETF (BBHM). 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

	BBHL	BBHM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.81	0.17	-0.98

Correlation

The correlation between BBHL and BBHM is 0.82, 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

BBHL vs. BBHM - Dividend Comparison

Neither BBHL nor BBHM has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

BBHL vs. BBHM - Drawdown Comparison

The maximum BBHL drawdown since its inception was -11.99%, which is greater than BBHM's maximum drawdown of -9.78%. Use the drawdown chart below to compare losses from any high point for BBHL and BBHM.

Drawdown Indicators

	BBHL	BBHM	Difference
Max Drawdown Largest peak-to-trough decline	-11.99%	-9.78%	-2.21%
Current Drawdown Current decline from peak	-9.41%	-6.49%	-2.92%
Average Drawdown Average peak-to-trough decline	-3.42%	-2.38%	-1.04%

Volatility

Volatility by Period

	BBHL	BBHM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	13.04%	18.60%	-5.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.04%	18.60%	-5.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.04%	18.60%	-5.56%