BBHL vs. BBHM

Last updated Jun 3, 2026

BBHL (BBH Select Large Cap ETF) and BBHM (BBH Select Mid Cap ETF) are both exchange-traded funds - BBHL is a Large Cap Growth Equities fund tracking the Actively Managed, while BBHM is a Mid Cap Growth Equities fund tracking the Actively Managed. Both are passively managed. A 0.74 correlation means they provide meaningful diversification when combined. BBHL charges 0.71%/yr vs 0.81%/yr for BBHM.

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.

Returns By Period

In the year-to-date period, BBHL achieves a 5.80% return, which is significantly higher than BBHM's 2.14% return.

BBHL

• 1D: -0.15%
• 1M: 3.93%
• YTD: 5.80%
• 6M: 6.10%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

BBHM

• 1D: 0.28%
• 1M: -2.79%
• YTD: 2.14%
• 6M: 0.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BBHL vs. BBHM - Yearly Performance Comparison

	2026 (YTD)	2025
BBHL BBH Select Large Cap ETF	5.80%	2.72%
BBHM BBH Select Mid Cap ETF	2.14%	2.74%

Correlation

The correlation between BBHL and BBHM is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.74

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	1.34	0.54	+0.79

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	-0.15%	-4.95%	+4.80%
Average Drawdown Average peak-to-trough decline	-3.02%	-2.69%	-0.33%

Volatility

Volatility by Period

	BBHL	BBHM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.73%	17.52%	-4.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.73%	17.52%	-4.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.73%	17.52%	-4.79%

BBHL vs. BBHM - Expense Ratio Comparison

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

Dividends

BBHL vs. BBHM - Dividend Comparison

Neither BBHL nor BBHM has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both BBHL and BBHM in my portfolio?

BBHL and BBHM have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BBHL or BBHM?

On fees, BBHL is cheaper at 0.71% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBHL or BBHM?

BBHL is cheaper with a 0.71% expense ratio, compared with 0.81% for BBHM.

Which ETF pays a higher dividend yield, BBHL or BBHM?

BBHL and BBHM have nearly identical dividend yields, around 0.00%.

What is the main difference between BBHL and BBHM?

BBHL is categorized as Large Cap Growth Equities, while BBHM is Mid Cap Growth Equities. Both ETFs track Actively Managed. Their fees differ too: 0.71% for BBHL and 0.81% for BBHM.