BIAHX vs. BIAYX

Last updated Aug 4, 2026

BIAHX (Brown Advisory - WMC Strategic European Equity Fund) and BIAYX (Brown Advisory Sustainable Small-Cap Core Fund) are both mutual funds - BIAHX is a Europe Equities fund managed by Brown Advisory, while BIAYX is a Small Cap Blend Equities fund managed by Brown Advisory. Over the past 3 years, BIAHX returned 20.84%/yr vs 12.37%/yr for BIAYX. Their 0.66 correlation means they have sometimes moved together and sometimes differently. BIAHX charges 1.19%/yr vs 1.08%/yr for BIAYX.

Performance

BIAHX vs. BIAYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown Advisory - WMC Strategic European Equity Fund (BIAHX) and Brown Advisory Sustainable Small-Cap Core Fund (BIAYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIAHX achieves a 4.03% return, which is significantly lower than BIAYX's 16.21% return.

BIAHX

• 1D: -0.91%
• 1M: 2.37%
• 6M: -2.11%
• YTD: 4.03%
• 1Y: 11.96%
• 3Y*: 20.84%
• 5Y*: 12.30%
• 10Y*: 12.16%
• ALL TIME*: 9.75%

BIAYX

• 1D: -0.40%
• 1M: -2.52%
• 6M: 11.11%
• YTD: 16.21%
• 1Y: 24.01%
• 3Y*: 12.37%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 5.37%

*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)
BIAHX Brown Advisory - WMC Strategic European Equity Fund	$0.00	$0.00	$0.00
BIAYX Brown Advisory Sustainable Small-Cap Core Fund	$0.00	$0.00	$0.00

BIAHX vs. BIAYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
BIAHX Brown Advisory - WMC Strategic European Equity Fund	4.03%	47.26%	10.85%	19.36%	-11.95%	4.02%
BIAYX Brown Advisory Sustainable Small-Cap Core Fund	16.21%	9.44%	6.80%	17.39%	-20.21%	1.09%

Correlation

The correlation between BIAHX and BIAYX is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (All Time) Calculated using the full available price history since Oct 8, 2021	0.66

The correlation between BIAHX and BIAYX has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

Return for Risk

BIAHX vs. BIAYX — Risk / Return Rank

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

BIAHX

BIAHX Risk / Return Rank: 21
BIAHX Sharpe Ratio Rank: 22
BIAHX Sortino Ratio Rank: 24
BIAHX Omega Ratio Rank: 23
BIAHX Calmar Ratio Rank: 18
BIAHX Martin Ratio Rank: 16

BIAYX

BIAYX Risk / Return Rank: 43
BIAYX Sharpe Ratio Rank: 39
BIAYX Sortino Ratio Rank: 43
BIAYX Omega Ratio Rank: 35
BIAYX Calmar Ratio Rank: 52
BIAYX Martin Ratio Rank: 47

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.

BIAHX vs. BIAYX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Advisory - WMC Strategic European Equity Fund (BIAHX) and Brown Advisory Sustainable Small-Cap Core Fund (BIAYX). 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.

	BIAHX	BIAYX	Difference
Sharpe ratio: Return per unit of total volatility	0.87	1.30	-0.42
Sortino ratio: Return per unit of downside risk	1.36	1.99	-0.63
Omega ratio: Gain probability vs. loss probability	1.16	1.23	-0.06
Calmar ratio: Return relative to maximum drawdown	0.94	2.07	-1.13
Martin ratio: Return relative to average drawdown	2.47	7.08	-4.61

BIAHX vs. BIAYX - Sharpe Ratio Comparison

The current BIAHX Sharpe Ratio is 0.87, which is lower than the BIAYX Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of BIAHX and BIAYX, 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

BIAHX vs. BIAYX - Drawdown Comparison

The maximum BIAHX drawdown since its inception was -34.90%, which is greater than BIAYX's maximum drawdown of -31.81%. Use the drawdown chart below to compare losses from any high point for BIAHX and BIAYX.

Drawdown Indicators

	BIAHX	BIAYX	Difference
Max Drawdown Largest peak-to-trough decline	-34.90%	-31.81%	-3.09%
Max Drawdown (1Y) Largest decline over 1 year	-13.18%	-11.02%	-2.16%
Max Drawdown (3Y) Largest decline over 3 years	-13.18%	-23.51%	+10.33%
Max Drawdown (5Y) Largest decline over 5 years	-30.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.90%	—	—
Current Drawdown Current decline from peak	-3.98%	-3.13%	-0.85%
Average Drawdown Average peak-to-trough decline	-6.03%	-12.41%	+6.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.01%	3.22%	+1.79%

Volatility

BIAHX vs. BIAYX - Volatility Comparison

Brown Advisory - WMC Strategic European Equity Fund (BIAHX) and Brown Advisory Sustainable Small-Cap Core Fund (BIAYX) have volatilities of 4.23% and 4.36%, 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.

Volatility by Period

	BIAHX	BIAYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	4.36%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	12.17%	12.98%	-0.81%
Volatility (1Y) Calculated over the trailing 1-year period	14.21%	17.61%	-3.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.40%	20.57%	-4.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.89%	20.57%	-3.68%

BIAHX vs. BIAYX - Expense Ratio Comparison

BIAHX has a 1.19% expense ratio, which is higher than BIAYX's 1.08% expense ratio.

Dividends

BIAHX vs. BIAYX - Dividend Comparison

BIAHX's dividend yield for the trailing twelve months is around 7.31%, more than BIAYX's 3.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BIAHX Brown Advisory - WMC Strategic European Equity Fund	7.31%	7.60%	5.16%	1.13%	2.66%	9.72%	6.39%	9.78%	12.12%	0.83%	1.19%
BIAYX Brown Advisory Sustainable Small-Cap Core Fund	3.76%	4.37%	0.73%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BIAHX and BIAYX in my portfolio?

BIAHX and BIAYX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIAHX or BIAYX?

BIAYX has higher volatility (4.36%) compared to BIAHX (4.23%). In terms of maximum drawdown, BIAHX dropped -34.90% vs BIAYX's -31.81%.

Which has better risk-adjusted returns?

BIAYX currently has the higher Sharpe Ratio (1.30 vs 0.87), 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.