BIAEX vs. BVALX
Compare and contrast key facts about Brown Advisory Tax Exempt Bond Fund (BIAEX) and Brown Advisory - Beutel Goodman Large-Cap Value Fund (BVALX).
BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012. BVALX is managed by Brown Advisory Funds. It was launched on Feb 13, 2018.
Performance
BIAEX vs. BVALX - Performance Comparison
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BIAEX vs. BVALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BIAEX Brown Advisory Tax Exempt Bond Fund | -0.69% | 5.50% | 2.08% | 6.43% | -9.75% | 2.39% | 3.65% | 7.48% | 2.96% |
BVALX Brown Advisory - Beutel Goodman Large-Cap Value Fund | -5.38% | 5.26% | 11.49% | 12.30% | 2.07% | 14.73% | 11.54% | 31.28% | -7.81% |
Returns By Period
In the year-to-date period, BIAEX achieves a -0.69% return, which is significantly higher than BVALX's -5.38% return.
BIAEX
- 1D
- 0.11%
- 1M
- -2.71%
- YTD
- -0.69%
- 6M
- 1.12%
- 1Y
- 4.79%
- 3Y*
- 3.54%
- 5Y*
- 0.99%
- 10Y*
- 1.94%
BVALX
- 1D
- -0.51%
- 1M
- -9.49%
- YTD
- -5.38%
- 6M
- -3.04%
- 1Y
- 2.04%
- 3Y*
- 6.76%
- 5Y*
- 5.99%
- 10Y*
- —
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BIAEX vs. BVALX - Expense Ratio Comparison
BIAEX has a 0.46% expense ratio, which is lower than BVALX's 0.55% expense ratio.
Return for Risk
BIAEX vs. BVALX — Risk / Return Rank
BIAEX
BVALX
BIAEX vs. BVALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Tax Exempt Bond Fund (BIAEX) and Brown Advisory - Beutel Goodman Large-Cap Value Fund (BVALX). 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.
| BIAEX | BVALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 0.17 | +1.15 |
Sortino ratioReturn per unit of downside risk | 1.80 | 0.38 | +1.42 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.05 | +0.31 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 0.13 | +1.28 |
Martin ratioReturn relative to average drawdown | 5.25 | 0.49 | +4.76 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BIAEX | BVALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 0.17 | +1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.38 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.48 | -0.01 |
Correlation
The correlation between BIAEX and BVALX is 0.02, 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
BIAEX vs. BVALX - Dividend Comparison
BIAEX's dividend yield for the trailing twelve months is around 3.49%, less than BVALX's 6.84% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIAEX Brown Advisory Tax Exempt Bond Fund | 3.49% | 3.79% | 3.67% | 3.15% | 2.00% | 2.57% | 2.75% | 3.01% | 3.27% | 2.30% |
BVALX Brown Advisory - Beutel Goodman Large-Cap Value Fund | 6.84% | 6.47% | 8.20% | 1.78% | 3.62% | 9.06% | 3.14% | 2.95% | 2.13% | 0.00% |
Drawdowns
BIAEX vs. BVALX - Drawdown Comparison
The maximum BIAEX drawdown since its inception was -13.89%, smaller than the maximum BVALX drawdown of -32.88%. Use the drawdown chart below to compare losses from any high point for BIAEX and BVALX.
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Drawdown Indicators
| BIAEX | BVALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.89% | -32.88% | +18.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -12.19% | +8.22% |
Max Drawdown (5Y)Largest decline over 5 years | -13.89% | -19.90% | +6.01% |
Max Drawdown (10Y)Largest decline over 10 years | -13.89% | — | — |
Current DrawdownCurrent decline from peak | -2.71% | -10.09% | +7.38% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -4.32% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 3.32% | -2.25% |
Volatility
BIAEX vs. BVALX - Volatility Comparison
The current volatility for Brown Advisory Tax Exempt Bond Fund (BIAEX) is 0.97%, while Brown Advisory - Beutel Goodman Large-Cap Value Fund (BVALX) has a volatility of 3.95%. This indicates that BIAEX experiences smaller price fluctuations and is considered to be less risky than BVALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIAEX | BVALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 3.95% | -2.98% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 9.73% | -8.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.09% | 17.92% | -13.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.37% | 15.65% | -12.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.58% | 18.31% | -14.73% |