Correlation
The correlation between BIAEX and DHMBX 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. 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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIAEX or DHMBX.
Performance
BIAEX vs. DHMBX - Performance Comparison
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Key characteristics
BIAEX:
0.73
DHMBX:
0.00
BIAEX:
0.91
DHMBX:
-0.02
BIAEX:
1.15
DHMBX:
1.00
BIAEX:
0.67
DHMBX:
-0.03
BIAEX:
2.20
DHMBX:
-0.15
BIAEX:
1.36%
DHMBX:
3.06%
BIAEX:
4.56%
DHMBX:
8.23%
BIAEX:
-12.84%
DHMBX:
-27.66%
BIAEX:
-2.13%
DHMBX:
-11.18%
Returns By Period
In the year-to-date period, BIAEX achieves a -0.57% return, which is significantly higher than DHMBX's -4.26% return. Over the past 10 years, BIAEX has underperformed DHMBX with an annualized return of 2.29%, while DHMBX has yielded a comparatively higher 2.67% annualized return.
BIAEX
-0.57%
-0.11%
-1.62%
3.33%
2.45%
1.63%
2.29%
DHMBX
-4.26%
-1.15%
-6.35%
0.00%
0.12%
1.20%
2.67%
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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.
Risk-Adjusted Performance
BIAEX vs. DHMBX — Risk-Adjusted Performance Rank
BIAEX
DHMBX
BIAEX vs. DHMBX - Risk-Adjusted Performance 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.
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Dividends
BIAEX vs. DHMBX - Dividend Comparison
BIAEX's dividend yield for the trailing twelve months is around 3.99%, less than DHMBX's 4.14% 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% |
DHMBX BNY Mellon High Yield Municipal Bond Fund | 4.14% | 3.91% | 3.79% | 3.69% | 2.98% | 3.45% | 3.62% | 4.15% | 3.65% | 4.98% | 4.52% | 4.57% |
Drawdowns
BIAEX vs. DHMBX - Drawdown Comparison
The maximum BIAEX drawdown since its inception was -12.84%, 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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Volatility
BIAEX vs. DHMBX - Volatility Comparison
The current volatility for Brown Advisory Tax Exempt Bond Fund (BIAEX) is 0.56%, while BNY Mellon High Yield Municipal Bond Fund (DHMBX) has a volatility of 1.18%. 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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