BIALX vs. BAFMX

Last updated Jun 5, 2026

BIALX (Brown Advisory Global Leaders Fund) and BAFMX (Brown Advisory Mid-Cap Growth Fund) are both mutual funds - BIALX is a Global Equities fund managed by Brown Advisory Funds, while BAFMX is a Mid Cap Growth Equities fund managed by Brown Advisory Funds. Their correlation of 0.86 suggests significant overlap in exposure. BIALX charges 0.90%/yr vs 0.79%/yr for BAFMX.

Performance

BIALX vs. BAFMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown Advisory Global Leaders Fund (BIALX) and Brown Advisory Mid-Cap Growth Fund (BAFMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BIALX

• 1D: -1.59%
• 1M: -3.19%
• YTD: -6.19%
• 6M: -5.35%
• 1Y: -2.24%
• 3Y*: 10.65%
• 5Y*: 5.79%
• 10Y*: 11.67%

BAFMX

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BIALX vs. BAFMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BIALX Brown Advisory Global Leaders Fund	-6.19%	14.96%	13.99%	26.00%	-19.66%	16.65%	20.26%	33.95%	-4.49%
BAFMX Brown Advisory Mid-Cap Growth Fund	-2.65%	3.70%	15.29%	23.21%	-28.12%	6.32%	32.56%	38.63%	-8.59%

Correlation

The correlation between BIALX and BAFMX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (All Time) Calculated using the full available price history since Nov 19, 2018	0.86

The correlation between BIALX and BAFMX shifts across timeframes, from 0.71 (1 year) to 0.86 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BIALX vs. BAFMX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BIALX

BIALX Risk / Return Rank: 2
BIALX Sharpe Ratio Rank: 2
BIALX Sortino Ratio Rank: 2
BIALX Omega Ratio Rank: 2
BIALX Calmar Ratio Rank: 2
BIALX Martin Ratio Rank: 2

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BIALX vs. BAFMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Global Leaders Fund (BIALX) and Brown Advisory Mid-Cap Growth Fund (BAFMX). 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.

	BIALX	BAFMX	Difference
Sharpe ratio: Return per unit of total volatility	-0.15	—	—
Sortino ratio: Return per unit of downside risk	-0.12	—	—
Omega ratio: Gain probability vs. loss probability	0.99	—	—
Calmar ratio: Return relative to maximum drawdown	-0.14	—	—
Martin ratio: Return relative to average drawdown	-0.48	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BIALX	BAFMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.15	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.35	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	—	—

Drawdowns

Drawdown Indicators

	BIALX	BAFMX	Difference
Max Drawdown Largest peak-to-trough decline	-32.45%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-12.77%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.71%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-32.45%	—	—
Current Drawdown Current decline from peak	-8.05%	—	—
Average Drawdown Average peak-to-trough decline	-4.86%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.84%	—	—

Volatility

Volatility by Period

	BIALX	BAFMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.11%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.35%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.56%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.46%	—	—

BIALX vs. BAFMX - Expense Ratio Comparison

BIALX has a 0.90% expense ratio, which is higher than BAFMX's 0.79% expense ratio.

Dividends

BIALX vs. BAFMX - Dividend Comparison

BIALX's dividend yield for the trailing twelve months is around 5.98%, less than BAFMX's 75.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BAFMX Brown Advisory Mid-Cap Growth Fund	75.00%	73.01%	0.00%	0.00%	6.85%	9.92%	0.00%	0.52%	1.14%	0.00%	0.00%
BIALX Brown Advisory Global Leaders Fund	5.98%	5.61%	0.36%	0.37%	0.51%	1.08%	0.10%	0.24%	0.26%	0.09%	0.18%

Frequently Asked Questions

Can I hold both BIALX and BAFMX in my portfolio?

BIALX and BAFMX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.