BIAMX vs. BAFMX

Last updated Jun 24, 2026

BIAMX (Brown Advisory Maryland Bond Fund) and BAFMX (Brown Advisory Mid-Cap Growth Fund) are both mutual funds - BIAMX is a Municipal Bonds fund managed by Brown Advisory Funds, while BAFMX is a Mid Cap Growth Equities fund managed by Brown Advisory Funds. At a 0.09 correlation, their price movements are largely independent. BIAMX charges 0.47%/yr vs 0.79%/yr for BAFMX.

Performance

BIAMX vs. BAFMX - Performance Comparison

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

Returns By Period

BIAMX

• 1D: -0.10%
• 1M: 1.33%
• YTD: 1.50%
• 6M: 1.92%
• 1Y: 6.60%
• 3Y*: 3.79%
• 5Y*: 0.94%
• 10Y*: 1.48%

BAFMX

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

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

BIAMX vs. BAFMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BIAMX Brown Advisory Maryland Bond Fund	1.50%	4.74%	1.67%	5.47%	-8.32%	1.04%	2.35%	6.70%	1.62%
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 BIAMX and BAFMX is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.12
Correlation (3Y) Calculated over the trailing 3-year period	0.14
Correlation (5Y) Calculated over the trailing 5-year period	0.14
Correlation (All Time) Calculated using the full available price history since Nov 16, 2018	0.09

Return for Risk

BIAMX vs. BAFMX — Risk / Return Rank

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

BIAMX

BIAMX Risk / Return Rank: 73
BIAMX Sharpe Ratio Rank: 90
BIAMX Sortino Ratio Rank: 94
BIAMX Omega Ratio Rank: 95
BIAMX Calmar Ratio Rank: 44
BIAMX Martin Ratio Rank: 42

BAFMX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

BIAMX vs. BAFMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Maryland Bond Fund (BIAMX) 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.

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.

	BIAMX	BAFMX	Difference
Sharpe ratio: Return per unit of total volatility	2.72	—	—
Sortino ratio: Return per unit of downside risk	4.51	—	—
Omega ratio: Gain probability vs. loss probability	1.74	—	—
Calmar ratio: Return relative to maximum drawdown	2.42	—	—
Martin ratio: Return relative to average drawdown	8.51	—	—

Drawdowns

Drawdown Indicators

	BIAMX	BAFMX	Difference
Max Drawdown Largest peak-to-trough decline	-12.44%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-4.55%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-12.44%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-12.44%	—	—
Current Drawdown Current decline from peak	-0.49%	—	—
Average Drawdown Average peak-to-trough decline	-1.85%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.79%	—	—

Volatility

Volatility by Period

	BIAMX	BAFMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.73%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.95%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.48%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.33%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.29%	—	—

BIAMX vs. BAFMX - Expense Ratio Comparison

BIAMX has a 0.47% expense ratio, which is lower than BAFMX's 0.79% expense ratio.

Dividends

BIAMX vs. BAFMX - Dividend Comparison

BIAMX's dividend yield for the trailing twelve months is around 3.59%, less than BAFMX's 75.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
BIAMX Brown Advisory Maryland Bond Fund	3.59%	3.55%	3.28%	2.73%	1.69%	1.69%	2.48%	2.71%	2.56%	1.65%	0.37%	0.48%

Frequently Asked Questions

Can I hold both BIAMX and BAFMX in my portfolio?

BIAMX and BAFMX have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.