BIAGX vs. GQEPX

Last updated Aug 4, 2026

BIAGX (Brown Advisory Growth Equity Fund) and GQEPX (GQG Partners US Select Quality Equity Fund Investor Shares) are both mutual funds - BIAGX is a Large Cap Growth Equities fund managed by Brown Advisory, while GQEPX is a Quality Factor fund managed by GQG Partners. Over the past 5 years, BIAGX returned 2.53%/yr vs 9.28%/yr for GQEPX. Their 0.68 correlation means they have sometimes moved together and sometimes differently. BIAGX charges 0.81%/yr vs 0.59%/yr for GQEPX.

Performance

BIAGX vs. GQEPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown Advisory Growth Equity Fund (BIAGX) and GQG Partners US Select Quality Equity Fund Investor Shares (GQEPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIAGX achieves a 7.78% return, which is significantly higher than GQEPX's 6.74% return.

BIAGX

• 1D: 1.15%
• 1M: -2.22%
• 6M: 12.40%
• YTD: 7.78%
• 1Y: 1.03%
• 3Y*: 10.47%
• 5Y*: 2.53%
• 10Y*: 12.99%
• ALL TIME*: 7.75%

GQEPX

• 1D: 0.94%
• 1M: 1.28%
• 6M: 3.19%
• YTD: 6.74%
• 1Y: 7.22%
• 3Y*: 11.80%
• 5Y*: 9.28%
• 10Y*: —
• ALL TIME*: 13.06%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BIAGX Brown Advisory Growth Equity Fund	$0.00	$0.00	$0.00
GQEPX GQG Partners US Select Quality Equity Fund Investor Shares	$0.00	$0.00	$0.00

BIAGX vs. GQEPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BIAGX Brown Advisory Growth Equity Fund	7.78%	0.61%	16.60%	33.90%	-33.60%	18.56%	32.41%	47.97%	-13.61%
GQEPX GQG Partners US Select Quality Equity Fund Investor Shares	6.74%	-4.52%	28.99%	17.39%	-2.81%	19.90%	23.65%	27.21%	-7.67%

Correlation

The correlation between BIAGX and GQEPX is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.17
Correlation (3Y) Balances recent behavior with more history.	0.47
Correlation (5Y) Shows whether the relationship held over a longer period.	0.56
Correlation (All Time) Calculated using the full available price history since Oct 4, 2018	0.68

The correlation between BIAGX and GQEPX shifts across timeframes, from -0.17 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BIAGX vs. GQEPX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BIAGX

BIAGX Risk / Return Rank: 4
BIAGX Sharpe Ratio Rank: 4
BIAGX Sortino Ratio Rank: 4
BIAGX Omega Ratio Rank: 4
BIAGX Calmar Ratio Rank: 4
BIAGX Martin Ratio Rank: 4

GQEPX

GQEPX Risk / Return Rank: 14
GQEPX Sharpe Ratio Rank: 15
GQEPX Sortino Ratio Rank: 15
GQEPX Omega Ratio Rank: 14
GQEPX Calmar Ratio Rank: 15
GQEPX Martin Ratio Rank: 12

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BIAGX vs. GQEPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Growth Equity Fund (BIAGX) and GQG Partners US Select Quality Equity Fund Investor Shares (GQEPX). 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	GQEPX	Difference
Sharpe ratio: Return per unit of total volatility	-0.05	0.65	-0.70
Sortino ratio: Return per unit of downside risk	0.04	1.01	-0.97
Omega ratio: Gain probability vs. loss probability	1.01	1.12	-0.11
Calmar ratio: Return relative to maximum drawdown	-0.04	0.81	-0.85
Martin ratio: Return relative to average drawdown	-0.09	1.84	-1.93

BIAGX vs. GQEPX - Sharpe Ratio Comparison

The current BIAGX Sharpe Ratio is -0.05, which is lower than the GQEPX Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of BIAGX and GQEPX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BIAGX vs. GQEPX - Drawdown Comparison

The maximum BIAGX drawdown since its inception was -56.68%, which is greater than GQEPX's maximum drawdown of -28.45%. Use the drawdown chart below to compare losses from any high point for BIAGX and GQEPX.

Drawdown Indicators

	BIAGX	GQEPX	Difference
Max Drawdown Largest peak-to-trough decline	-56.68%	-28.45%	-28.23%
Max Drawdown (1Y) Largest decline over 1 year	-20.12%	-8.48%	-11.64%
Max Drawdown (3Y) Largest decline over 3 years	-56.68%	-18.97%	-37.71%
Max Drawdown (5Y) Largest decline over 5 years	-56.68%	-20.49%	-36.19%
Max Drawdown (10Y) Largest decline over 10 years	-56.68%	—	—
Current Drawdown Current decline from peak	-43.56%	-8.89%	-34.67%
Average Drawdown Average peak-to-trough decline	-15.16%	-5.90%	-9.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.27%	3.75%	+4.52%

Volatility

BIAGX vs. GQEPX - Volatility Comparison

Brown Advisory Growth Equity Fund (BIAGX) has a higher volatility of 3.89% compared to GQG Partners US Select Quality Equity Fund Investor Shares (GQEPX) at 2.81%. This indicates that BIAGX's price experiences larger fluctuations and is considered to be riskier than GQEPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIAGX	GQEPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.89%	2.81%	+1.08%
Volatility (6M) Calculated over the trailing 6-month period	12.75%	8.39%	+4.36%
Volatility (1Y) Calculated over the trailing 1-year period	15.84%	10.60%	+5.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	47.32%	15.89%	+31.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.35%	18.61%	+17.74%

BIAGX vs. GQEPX - Expense Ratio Comparison

BIAGX has a 0.81% expense ratio, which is higher than GQEPX's 0.59% expense ratio.

Dividends

BIAGX vs. GQEPX - Dividend Comparison

BIAGX's dividend yield for the trailing twelve months is around 80.26%, more than GQEPX's 6.54% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIAGX Brown Advisory Growth Equity Fund	80.26%	86.50%	91.52%	6.80%	7.75%	13.04%	4.95%	9.82%	12.64%	8.09%	9.13%	6.59%
GQEPX GQG Partners US Select Quality Equity Fund Investor Shares	6.54%	6.98%	5.30%	0.44%	4.46%	1.49%	0.61%	0.63%	0.09%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BIAGX and GQEPX in my portfolio?

BIAGX and GQEPX have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIAGX or GQEPX?

BIAGX has higher volatility (3.89%) compared to GQEPX (2.81%). In terms of maximum drawdown, BIAGX dropped -56.68% vs GQEPX's -28.45%.

Which has better risk-adjusted returns?

GQEPX currently has the higher Sharpe Ratio (0.65 vs -0.05), 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.