Correlation
The correlation between BIAEX and PTAEX 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. PTAEX
Compare and contrast key facts about Brown Advisory Tax Exempt Bond Fund (BIAEX) and Putnam Tax Exempt Income Fund (PTAEX).
BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012. PTAEX is managed by Putnam. It was launched on Dec 30, 1976.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIAEX or PTAEX.
Performance
BIAEX vs. PTAEX - Performance Comparison
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Key characteristics
BIAEX:
0.73
PTAEX:
0.19
BIAEX:
0.91
PTAEX:
0.20
BIAEX:
1.15
PTAEX:
1.03
BIAEX:
0.67
PTAEX:
0.11
BIAEX:
2.20
PTAEX:
0.37
BIAEX:
1.36%
PTAEX:
2.10%
BIAEX:
4.56%
PTAEX:
6.17%
BIAEX:
-12.84%
PTAEX:
-27.20%
BIAEX:
-2.13%
PTAEX:
-4.84%
Returns By Period
In the year-to-date period, BIAEX achieves a -0.57% return, which is significantly higher than PTAEX's -2.39% return. Over the past 10 years, BIAEX has outperformed PTAEX with an annualized return of 2.29%, while PTAEX has yielded a comparatively lower 1.98% annualized return.
BIAEX
-0.57%
-0.11%
-1.62%
3.33%
2.45%
1.63%
2.29%
PTAEX
-2.39%
-0.92%
-3.85%
1.16%
1.57%
0.83%
1.98%
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BIAEX vs. PTAEX - Expense Ratio Comparison
BIAEX has a 0.46% expense ratio, which is lower than PTAEX's 0.80% expense ratio.
Risk-Adjusted Performance
BIAEX vs. PTAEX — Risk-Adjusted Performance Rank
BIAEX
PTAEX
BIAEX vs. PTAEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Tax Exempt Bond Fund (BIAEX) and Putnam Tax Exempt Income Fund (PTAEX). 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. PTAEX - Dividend Comparison
BIAEX's dividend yield for the trailing twelve months is around 3.99%, more than PTAEX's 3.37% 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% |
PTAEX Putnam Tax Exempt Income Fund | 3.37% | 3.21% | 3.09% | 2.69% | 4.00% | 2.27% | 4.95% | 3.52% | 3.38% | 3.78% | 3.79% | 4.06% |
Drawdowns
BIAEX vs. PTAEX - Drawdown Comparison
The maximum BIAEX drawdown since its inception was -12.84%, smaller than the maximum PTAEX drawdown of -27.20%. Use the drawdown chart below to compare losses from any high point for BIAEX and PTAEX.
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Volatility
BIAEX vs. PTAEX - Volatility Comparison
The current volatility for Brown Advisory Tax Exempt Bond Fund (BIAEX) is 0.56%, while Putnam Tax Exempt Income Fund (PTAEX) has a volatility of 0.97%. This indicates that BIAEX experiences smaller price fluctuations and is considered to be less risky than PTAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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