Correlation
The correlation between BIAEX and WMFAX is -0.05. 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. WMFAX
Compare and contrast key facts about Brown Advisory Tax Exempt Bond Fund (BIAEX) and Allspring Municipal Bond Fund (WMFAX).
BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012. WMFAX is managed by Allspring Global Investments. It was launched on Apr 7, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIAEX or WMFAX.
Performance
BIAEX vs. WMFAX - Performance Comparison
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Key characteristics
BIAEX:
0.73
WMFAX:
0.36
BIAEX:
0.91
WMFAX:
0.41
BIAEX:
1.15
WMFAX:
1.07
BIAEX:
0.67
WMFAX:
0.28
BIAEX:
2.20
WMFAX:
0.90
BIAEX:
1.36%
WMFAX:
1.58%
BIAEX:
4.56%
WMFAX:
4.90%
BIAEX:
-12.84%
WMFAX:
-14.91%
BIAEX:
-2.13%
WMFAX:
-3.17%
Returns By Period
In the year-to-date period, BIAEX achieves a -0.57% return, which is significantly higher than WMFAX's -1.84% return. Both investments have delivered pretty close results over the past 10 years, with BIAEX having a 2.29% annualized return and WMFAX not far behind at 2.25%.
BIAEX
-0.57%
-0.11%
-1.62%
3.33%
2.45%
1.63%
2.29%
WMFAX
-1.84%
-0.63%
-2.88%
1.74%
1.81%
0.84%
2.25%
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BIAEX vs. WMFAX - Expense Ratio Comparison
BIAEX has a 0.46% expense ratio, which is lower than WMFAX's 0.74% expense ratio.
Risk-Adjusted Performance
BIAEX vs. WMFAX — Risk-Adjusted Performance Rank
BIAEX
WMFAX
BIAEX vs. WMFAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Tax Exempt Bond Fund (BIAEX) and Allspring Municipal Bond Fund (WMFAX). 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. WMFAX - Dividend Comparison
BIAEX's dividend yield for the trailing twelve months is around 3.99%, more than WMFAX's 3.72% 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% |
WMFAX Allspring Municipal Bond Fund | 3.72% | 4.33% | 2.84% | 2.48% | 2.15% | 2.29% | 2.68% | 3.10% | 3.41% | 3.74% | 3.40% | 3.66% |
Drawdowns
BIAEX vs. WMFAX - Drawdown Comparison
The maximum BIAEX drawdown since its inception was -12.84%, smaller than the maximum WMFAX drawdown of -14.91%. Use the drawdown chart below to compare losses from any high point for BIAEX and WMFAX.
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Volatility
BIAEX vs. WMFAX - Volatility Comparison
The current volatility for Brown Advisory Tax Exempt Bond Fund (BIAEX) is 0.56%, while Allspring Municipal Bond Fund (WMFAX) has a volatility of 0.59%. This indicates that BIAEX experiences smaller price fluctuations and is considered to be less risky than WMFAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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