BIAEX vs. VWNDX
Compare and contrast key facts about Brown Advisory Tax Exempt Bond Fund (BIAEX) and Vanguard Windsor Fund Investor Shares (VWNDX).
BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012. VWNDX is managed by Vanguard. It was launched on Oct 23, 1958.
Performance
BIAEX vs. VWNDX - Performance Comparison
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BIAEX vs. VWNDX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIAEX Brown Advisory Tax Exempt Bond Fund | -0.48% | 5.50% | 2.08% | 6.43% | -9.75% | 2.39% | 3.65% | 7.48% | 2.19% | 4.12% |
VWNDX Vanguard Windsor Fund Investor Shares | -1.73% | 13.30% | 9.53% | 15.00% | -3.15% | 27.77% | 7.38% | 30.39% | -12.48% | 18.15% |
Returns By Period
In the year-to-date period, BIAEX achieves a -0.48% return, which is significantly higher than VWNDX's -1.73% return. Over the past 10 years, BIAEX has underperformed VWNDX with an annualized return of 1.97%, while VWNDX has yielded a comparatively higher 11.12% annualized return.
BIAEX
- 1D
- 0.21%
- 1M
- -2.20%
- YTD
- -0.48%
- 6M
- 1.23%
- 1Y
- 4.68%
- 3Y*
- 3.61%
- 5Y*
- 1.01%
- 10Y*
- 1.97%
VWNDX
- 1D
- 2.13%
- 1M
- -4.80%
- YTD
- -1.73%
- 6M
- 3.35%
- 1Y
- 11.50%
- 3Y*
- 10.87%
- 5Y*
- 8.81%
- 10Y*
- 11.12%
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BIAEX vs. VWNDX - Expense Ratio Comparison
BIAEX has a 0.46% expense ratio, which is higher than VWNDX's 0.30% expense ratio.
Return for Risk
BIAEX vs. VWNDX — Risk / Return Rank
BIAEX
VWNDX
BIAEX vs. VWNDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Tax Exempt Bond Fund (BIAEX) and Vanguard Windsor Fund Investor Shares (VWNDX). 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 | VWNDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 0.66 | +0.58 |
Sortino ratioReturn per unit of downside risk | 1.68 | 1.04 | +0.64 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.15 | +0.19 |
Calmar ratioReturn relative to maximum drawdown | 1.41 | 0.97 | +0.44 |
Martin ratioReturn relative to average drawdown | 5.19 | 4.02 | +1.17 |
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 | VWNDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.66 | +0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.51 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.57 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.47 | 0.00 |
Correlation
The correlation between BIAEX and VWNDX is -0.09. 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.
Dividends
BIAEX vs. VWNDX - Dividend Comparison
BIAEX's dividend yield for the trailing twelve months is around 3.48%, less than VWNDX's 7.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAEX Brown Advisory Tax Exempt Bond Fund | 3.48% | 3.79% | 3.67% | 3.15% | 2.00% | 2.57% | 2.75% | 3.01% | 3.27% | 2.30% | 0.00% | 0.00% |
VWNDX Vanguard Windsor Fund Investor Shares | 7.92% | 7.78% | 12.48% | 8.24% | 15.38% | 11.46% | 8.37% | 10.26% | 13.15% | 3.51% | 4.89% | 8.51% |
Drawdowns
BIAEX vs. VWNDX - Drawdown Comparison
The maximum BIAEX drawdown since its inception was -13.89%, smaller than the maximum VWNDX drawdown of -61.48%. Use the drawdown chart below to compare losses from any high point for BIAEX and VWNDX.
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Drawdown Indicators
| BIAEX | VWNDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.89% | -61.48% | +47.59% |
Max Drawdown (1Y)Largest decline over 1 year | -3.97% | -12.60% | +8.63% |
Max Drawdown (5Y)Largest decline over 5 years | -13.89% | -21.69% | +7.80% |
Max Drawdown (10Y)Largest decline over 10 years | -13.89% | -40.12% | +26.23% |
Current DrawdownCurrent decline from peak | -2.51% | -5.92% | +3.41% |
Average DrawdownAverage peak-to-trough decline | -2.85% | -8.94% | +6.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 3.05% | -1.97% |
Volatility
BIAEX vs. VWNDX - Volatility Comparison
The current volatility for Brown Advisory Tax Exempt Bond Fund (BIAEX) is 1.01%, while Vanguard Windsor Fund Investor Shares (VWNDX) has a volatility of 4.40%. This indicates that BIAEX experiences smaller price fluctuations and is considered to be less risky than VWNDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIAEX | VWNDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.01% | 4.40% | -3.39% |
Volatility (6M)Calculated over the trailing 6-month period | 1.66% | 9.50% | -7.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.09% | 17.45% | -13.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.37% | 17.37% | -14.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.58% | 19.67% | -16.09% |