BIAGX vs. BAFWX
BIAGX (Brown Advisory Growth Equity Fund) and BAFWX (Brown Advisory Sustainable Growth Fund Institutional Shares) are both Large Cap Growth Equities funds from Brown Advisory. Over the past 10 years, BIAGX returned 12.78%/yr vs 15.08%/yr for BAFWX. Their 0.95 correlation means they have historically moved very closely together. BIAGX charges 0.81%/yr vs 0.64%/yr for BAFWX.
Performance
BIAGX vs. BAFWX - Performance Comparison
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Returns By Period
In the year-to-date period, BIAGX achieves a 6.56% return, which is significantly higher than BAFWX's 4.69% return. Over the past 10 years, BIAGX has underperformed BAFWX with an annualized return of 12.78%, while BAFWX has yielded a comparatively higher 15.08% annualized return.
BIAGX
- 1D
- 0.52%
- 1M
- -3.33%
- 6M
- 11.25%
- YTD
- 6.56%
- 1Y
- -0.11%
- 3Y*
- 9.94%
- 5Y*
- 2.30%
- 10Y*
- 12.78%
- ALL TIME*
- 7.70%
BAFWX
- 1D
- 1.82%
- 1M
- -0.15%
- 6M
- 9.67%
- YTD
- 4.69%
- 1Y
- 3.16%
- 3Y*
- 11.69%
- 5Y*
- 6.14%
- 10Y*
- 15.08%
- ALL TIME*
- 15.30%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BIAGX vs. BAFWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIAGX Brown Advisory Growth Equity Fund | 6.56% | 0.61% | 16.60% | 33.90% | -33.60% | 18.56% | 32.41% | 47.97% | 4.66% | 30.37% |
BAFWX Brown Advisory Sustainable Growth Fund Institutional Shares | 4.69% | 3.35% | 20.35% | 39.07% | -30.90% | 30.01% | 39.09% | 36.09% | 4.51% | 28.10% |
Correlation
The correlation between BIAGX and BAFWX is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2012 | 0.95 |
The correlation between BIAGX and BAFWX has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
BIAGX vs. BAFWX — Risk / Return Rank
BIAGX
BAFWX
BIAGX vs. BAFWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Growth Equity Fund (BIAGX) and Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BIAGX | BAFWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.01 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | 0.00 | -0.11 |
| Martin ratioReturn relative to average drawdown | -0.27 | 0.00 | -0.27 |
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Drawdowns
BIAGX vs. BAFWX - Drawdown Comparison
The maximum BIAGX drawdown since its inception was -56.68%, which is greater than BAFWX's maximum drawdown of -36.86%. Use the drawdown chart below to compare losses from any high point for BIAGX and BAFWX.
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Drawdown Indicators
| BIAGX | BAFWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.68% | -36.86% | -19.82% |
Max Drawdown (1Y)Largest decline over 1 year | -20.12% | -19.93% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -56.68% | -25.03% | -31.65% |
Max Drawdown (5Y)Largest decline over 5 years | -56.68% | -36.86% | -19.82% |
Max Drawdown (10Y)Largest decline over 10 years | -56.68% | -36.86% | -19.82% |
Current DrawdownCurrent decline from peak | -44.20% | -2.39% | -41.81% |
Average DrawdownAverage peak-to-trough decline | -15.15% | -5.68% | -9.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.49% | 7.72% | +0.77% |
Volatility
BIAGX vs. BAFWX - Volatility Comparison
Brown Advisory Growth Equity Fund (BIAGX) and Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX) have volatilities of 3.82% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIAGX | BAFWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 3.92% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.76% | 14.24% | -1.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.80% | 17.53% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.33% | 22.77% | +24.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.35% | 21.55% | +14.80% |
BIAGX vs. BAFWX - Expense Ratio Comparison
BIAGX has a 0.81% expense ratio, which is higher than BAFWX's 0.64% expense ratio.
Dividends
BIAGX vs. BAFWX - Dividend Comparison
BIAGX's dividend yield for the trailing twelve months is around 81.18%, more than BAFWX's 22.76% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAFWX Brown Advisory Sustainable Growth Fund Institutional Shares | 22.76% | 23.83% | 5.23% | 0.01% | 0.00% | 1.82% | 0.00% | 1.48% | 3.71% | 1.70% | 0.71% | 4.73% |
BIAGX Brown Advisory Growth Equity Fund | 81.18% | 86.50% | 91.52% | 6.80% | 7.75% | 13.04% | 4.95% | 9.82% | 12.64% | 8.09% | 9.13% | 6.59% |
Frequently Asked Questions
With a correlation of 0.94, BIAGX and BAFWX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BAFWX has higher volatility (3.92%) compared to BIAGX (3.82%). In terms of maximum drawdown, BIAGX dropped -56.68% vs BAFWX's -36.86%.
BAFWX currently has the higher Sharpe Ratio (0.00 vs -0.14), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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