BIAEX vs. DHMBX
Compare and contrast key facts about Brown Advisory Tax Exempt Bond Fund (BIAEX) and BNY Mellon High Yield Municipal Bond Fund (DHMBX).
BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012. DHMBX is managed by BNY Mellon. It was launched on Sep 29, 2005.
Performance
BIAEX vs. DHMBX - Performance Comparison
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BIAEX vs. DHMBX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIAEX Brown Advisory Tax Exempt Bond Fund | -0.69% | 5.50% | 2.08% | 6.43% | -9.75% | 2.39% | 3.65% | 7.48% | 2.19% | 4.12% |
DHMBX BNY Mellon High Yield Municipal Bond Fund | -0.39% | 2.64% | 4.41% | 6.50% | -17.25% | 5.58% | 2.85% | 10.76% | 1.64% | 12.78% |
Returns By Period
In the year-to-date period, BIAEX achieves a -0.69% return, which is significantly lower than DHMBX's -0.39% return. Over the past 10 years, BIAEX has underperformed DHMBX with an annualized return of 1.94%, while DHMBX has yielded a comparatively higher 2.36% annualized 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%
DHMBX
- 1D
- 0.19%
- 1M
- -3.14%
- YTD
- -0.39%
- 6M
- 1.31%
- 1Y
- 2.43%
- 3Y*
- 3.52%
- 5Y*
- -0.37%
- 10Y*
- 2.36%
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BIAEX vs. DHMBX - Expense Ratio Comparison
BIAEX has a 0.46% expense ratio, which is lower than DHMBX's 0.69% expense ratio.
Return for Risk
BIAEX vs. DHMBX — Risk / Return Rank
BIAEX
DHMBX
BIAEX vs. DHMBX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Tax Exempt Bond Fund (BIAEX) and BNY Mellon High Yield Municipal Bond Fund (DHMBX). 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 | DHMBX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.32 | 0.43 | +0.89 |
Sortino ratioReturn per unit of downside risk | 1.80 | 0.61 | +1.19 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.13 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 0.51 | +0.89 |
Martin ratioReturn relative to average drawdown | 5.25 | 1.33 | +3.92 |
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 | DHMBX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.32 | 0.43 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | -0.06 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.39 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.69 | -0.22 |
Correlation
The correlation between BIAEX and DHMBX is 0.78, 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
BIAEX vs. DHMBX - Dividend Comparison
BIAEX's dividend yield for the trailing twelve months is around 3.49%, less than DHMBX's 4.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
DHMBX BNY Mellon High Yield Municipal Bond Fund | 4.08% | 5.37% | 3.96% | 3.13% | 3.09% | 2.47% | 3.46% | 4.19% | 4.13% | 3.66% | 4.95% | 4.50% |
Drawdowns
BIAEX vs. DHMBX - Drawdown Comparison
The maximum BIAEX drawdown since its inception was -13.89%, smaller than the maximum DHMBX drawdown of -27.66%. Use the drawdown chart below to compare losses from any high point for BIAEX and DHMBX.
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Drawdown Indicators
| BIAEX | DHMBX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.89% | -27.66% | +13.77% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -7.49% | +3.52% |
Max Drawdown (5Y)Largest decline over 5 years | -13.89% | -22.90% | +9.01% |
Max Drawdown (10Y)Largest decline over 10 years | -13.89% | -22.90% | +9.01% |
Current DrawdownCurrent decline from peak | -2.71% | -6.30% | +3.59% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -4.88% | +2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 2.90% | -1.83% |
Volatility
BIAEX vs. DHMBX - Volatility Comparison
The current volatility for Brown Advisory Tax Exempt Bond Fund (BIAEX) is 0.97%, while BNY Mellon High Yield Municipal Bond Fund (DHMBX) has a volatility of 1.39%. This indicates that BIAEX experiences smaller price fluctuations and is considered to be less risky than DHMBX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIAEX | DHMBX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.97% | 1.39% | -0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 1.65% | 2.28% | -0.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.09% | 7.88% | -3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.37% | 6.11% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.58% | 6.04% | -2.46% |