Correlation
The correlation between BIAEX and COLTX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
BIAEX vs. COLTX
Compare and contrast key facts about Brown Advisory Tax Exempt Bond Fund (BIAEX) and Columbia Tax-Exempt Fund (COLTX).
BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012. COLTX is managed by Columbia Threadneedle. It was launched on Nov 20, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIAEX or COLTX.
Performance
BIAEX vs. COLTX - Performance Comparison
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Key characteristics
BIAEX:
0.73
COLTX:
0.16
BIAEX:
0.91
COLTX:
0.17
BIAEX:
1.15
COLTX:
1.03
BIAEX:
0.67
COLTX:
0.08
BIAEX:
2.20
COLTX:
0.27
BIAEX:
1.36%
COLTX:
2.48%
BIAEX:
4.56%
COLTX:
7.32%
BIAEX:
-12.84%
COLTX:
-17.87%
BIAEX:
-2.13%
COLTX:
-6.50%
Returns By Period
In the year-to-date period, BIAEX achieves a -0.57% return, which is significantly higher than COLTX's -3.29% return. Over the past 10 years, BIAEX has outperformed COLTX with an annualized return of 2.29%, while COLTX has yielded a comparatively lower 1.71% annualized return.
BIAEX
-0.57%
-0.11%
-1.62%
3.33%
2.45%
1.63%
2.29%
COLTX
-3.29%
-1.48%
-5.08%
1.20%
1.09%
0.56%
1.71%
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BIAEX vs. COLTX - Expense Ratio Comparison
BIAEX has a 0.46% expense ratio, which is lower than COLTX's 0.73% expense ratio.
Risk-Adjusted Performance
BIAEX vs. COLTX — Risk-Adjusted Performance Rank
BIAEX
COLTX
BIAEX vs. COLTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Tax Exempt Bond Fund (BIAEX) and Columbia Tax-Exempt Fund (COLTX). 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.
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Dividends
BIAEX vs. COLTX - Dividend Comparison
BIAEX's dividend yield for the trailing twelve months is around 3.99%, more than COLTX's 3.88% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAEX Brown Advisory Tax Exempt Bond Fund | 3.99% | 3.98% | 3.82% | 2.99% | 2.96% | 2.55% | 1.65% | 3.27% | 3.08% | 2.81% | 2.00% | 1.95% |
COLTX Columbia Tax-Exempt Fund | 3.88% | 3.69% | 3.44% | 3.32% | 3.18% | 3.27% | 4.34% | 4.17% | 3.87% | 4.17% | 4.13% | 4.20% |
Drawdowns
BIAEX vs. COLTX - Drawdown Comparison
The maximum BIAEX drawdown since its inception was -12.84%, smaller than the maximum COLTX drawdown of -17.87%. Use the drawdown chart below to compare losses from any high point for BIAEX and COLTX.
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Volatility
BIAEX vs. COLTX - Volatility Comparison
The current volatility for Brown Advisory Tax Exempt Bond Fund (BIAEX) is 0.56%, while Columbia Tax-Exempt Fund (COLTX) has a volatility of 1.11%. This indicates that BIAEX experiences smaller price fluctuations and is considered to be less risky than COLTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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