BBLIX vs. VTEAX

Last updated Apr 1, 2026

Compare and contrast key facts about BBH Select Series - Large Cap Fund (BBLIX) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX).

BBLIX is managed by BBH. It was launched on Sep 9, 2019. VTEAX is managed by Vanguard. It was launched on Aug 25, 2015.

Performance

BBLIX vs. VTEAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BBH Select Series - Large Cap Fund (BBLIX) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX). The values are adjusted to include any dividend payments, if applicable.

BBLIX vs. VTEAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BBLIX BBH Select Series - Large Cap Fund	1.58%	12.07%	15.83%	23.86%	-20.59%	27.23%	12.30%	3.63%
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares	-0.49%	3.67%	1.63%	6.39%	-8.21%	1.43%	4.97%	0.69%

Returns By Period

In the year-to-date period, BBLIX achieves a 1.58% return, which is significantly higher than VTEAX's -0.49% return.

BBLIX

• 1D: 0.00%
• 1M: 1.58%
• YTD: 1.58%
• 6M: -0.19%
• 1Y: 13.25%
• 3Y*: 15.61%
• 5Y*: 9.96%
• 10Y*: —

VTEAX

• 1D: 0.20%
• 1M: -2.46%
• YTD: -0.49%
• 6M: 1.05%
• 1Y: 3.84%
• 3Y*: 2.77%
• 5Y*: 0.85%
• 10Y*: 2.06%

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

BBLIX vs. VTEAX - Expense Ratio Comparison

BBLIX has a 0.70% expense ratio, which is higher than VTEAX's 0.09% expense ratio.

BBLIX

BBH Select Series - Large Cap Fund

VTEAX

Vanguard Tax-Exempt Bond Index Fund Admiral Shares

Return for Risk

BBLIX vs. VTEAX — Risk / Return Rank

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

BBLIX

BBLIX Risk / Return Rank: 55
BBLIX Sharpe Ratio Rank: 61
BBLIX Sortino Ratio Rank: 68
BBLIX Omega Ratio Rank: 76
BBLIX Calmar Ratio Rank: 34
BBLIX Martin Ratio Rank: 36

VTEAX

VTEAX Risk / Return Rank: 47
VTEAX Sharpe Ratio Rank: 51
VTEAX Sortino Ratio Rank: 41
VTEAX Omega Ratio Rank: 72
VTEAX Calmar Ratio Rank: 38
VTEAX Martin Ratio Rank: 31

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.

BBLIX vs. VTEAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BBH Select Series - Large Cap Fund (BBLIX) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX). 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.

	BBLIX	VTEAX	Difference
Sharpe ratio Return per unit of total volatility	1.10	0.95	+0.15
Sortino ratio Return per unit of downside risk	1.69	1.25	+0.44
Omega ratio Gain probability vs. loss probability	1.29	1.27	+0.02
Calmar ratio Return relative to maximum drawdown	0.94	0.99	-0.05
Martin ratio Return relative to average drawdown	3.81	3.27	+0.53
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BBLIX vs. VTEAX - Sharpe Ratio Comparison

The current BBLIX Sharpe Ratio is 1.10, which is comparable to the VTEAX Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of BBLIX and VTEAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BBLIX	VTEAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	0.95	+0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.24	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.65	-0.08

Correlation

The correlation between BBLIX and VTEAX is 0.07, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

BBLIX vs. VTEAX - Dividend Comparison

BBLIX's dividend yield for the trailing twelve months is around 9.39%, more than VTEAX's 3.06% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBLIX BBH Select Series - Large Cap Fund	9.39%	9.54%	4.20%	0.28%	1.45%	3.27%	0.34%	0.04%	0.00%	0.00%	0.00%	0.00%
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares	3.06%	3.26%	3.36%	2.98%	2.05%	1.60%	1.97%	2.27%	2.24%	1.95%	1.67%	0.59%

Drawdowns

BBLIX vs. VTEAX - Drawdown Comparison

The maximum BBLIX drawdown since its inception was -33.49%, which is greater than VTEAX's maximum drawdown of -12.75%. Use the drawdown chart below to compare losses from any high point for BBLIX and VTEAX.

Drawdown Indicators

	BBLIX	VTEAX	Difference
Max Drawdown Largest peak-to-trough decline	-33.49%	-12.75%	-20.74%
Max Drawdown (1Y) Largest decline over 1 year	-10.22%	-4.50%	-5.72%
Max Drawdown (5Y) Largest decline over 5 years	-28.06%	-12.75%	-15.31%
Max Drawdown (10Y) Largest decline over 10 years	—	-12.75%	—
Current Drawdown Current decline from peak	-1.80%	-2.46%	+0.66%
Average Drawdown Average peak-to-trough decline	-6.48%	-2.28%	-4.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.62%	1.36%	+2.26%

Volatility

BBLIX vs. VTEAX - Volatility Comparison

BBH Select Series - Large Cap Fund (BBLIX) has a higher volatility of 1.57% compared to Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) at 1.10%. This indicates that BBLIX's price experiences larger fluctuations and is considered to be riskier than VTEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BBLIX	VTEAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.57%	1.10%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	6.08%	1.47%	+4.61%
Volatility (1Y) Calculated over the trailing 1-year period	16.12%	4.36%	+11.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.08%	3.57%	+12.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	3.65%	+15.15%