BIAMX vs. BIAGX
BIAMX (Brown Advisory Maryland Bond Fund) and BIAGX (Brown Advisory Growth Equity Fund) are both mutual funds - BIAMX is a Municipal Bonds fund managed by Brown Advisory Funds, while BIAGX is a Large Cap Growth Equities fund managed by Brown Advisory Funds. Over the past 10 years, BIAMX returned 1.48%/yr vs 13.30%/yr for BIAGX. At a correlation of -0.06, they often move in opposite directions. BIAMX charges 0.47%/yr vs 0.81%/yr for BIAGX.
Performance
BIAMX vs. BIAGX - Performance Comparison
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Returns By Period
In the year-to-date period, BIAMX achieves a 1.50% return, which is significantly lower than BIAGX's 5.00% return. Over the past 10 years, BIAMX has underperformed BIAGX with an annualized return of 1.48%, while BIAGX has yielded a comparatively higher 13.30% annualized return.
BIAMX
- 1D
- 0.00%
- 1M
- 1.33%
- YTD
- 1.50%
- 6M
- 1.92%
- 1Y
- 6.60%
- 3Y*
- 3.79%
- 5Y*
- 0.94%
- 10Y*
- 1.48%
BIAGX
- 1D
- -1.15%
- 1M
- 0.11%
- YTD
- 5.00%
- 6M
- 3.96%
- 1Y
- 0.12%
- 3Y*
- 11.06%
- 5Y*
- 3.00%
- 10Y*
- 13.30%
BIAMX vs. BIAGX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIAMX Brown Advisory Maryland Bond Fund | 1.50% | 4.74% | 1.67% | 5.47% | -8.32% | 1.04% | 2.35% | 6.70% | 1.43% | 3.32% |
BIAGX Brown Advisory Growth Equity Fund | 5.00% | 0.61% | 16.60% | 33.90% | -33.60% | 18.56% | 32.41% | 47.97% | 4.66% | 30.37% |
Correlation
The correlation between BIAMX and BIAGX is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.16 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Dec 21, 2000 | -0.06 |
The correlation between BIAMX and BIAGX shifts across timeframes, from -0.06 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
BIAMX vs. BIAGX — Risk / Return Rank
BIAMX
BIAGX
BIAMX vs. BIAGX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Maryland Bond Fund (BIAMX) and Brown Advisory Growth Equity Fund (BIAGX). 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 | BIAGX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.56 | ||
| Sortino ratioReturn per unit of downside risk | +4.17 | ||
| Omega ratioGain probability vs. loss probability | 1.73 | 1.03 | +0.69 |
| Calmar ratioReturn relative to maximum drawdown | 2.38 | 0.09 | +2.29 |
| Martin ratioReturn relative to average drawdown | 8.36 | 0.22 | +8.14 |
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Drawdowns
BIAMX vs. BIAGX - Drawdown Comparison
The maximum BIAMX drawdown since its inception was -12.44%, smaller than the maximum BIAGX drawdown of -56.68%. Use the drawdown chart below to compare losses from any high point for BIAMX and BIAGX.
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Drawdown Indicators
| BIAMX | BIAGX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.44% | -56.68% | +44.24% |
Max Drawdown (1Y)Largest decline over 1 year | -2.78% | -20.56% | +17.78% |
Max Drawdown (3Y)Largest decline over 3 years | -4.55% | -56.68% | +52.13% |
Max Drawdown (5Y)Largest decline over 5 years | -12.44% | -56.68% | +44.24% |
Max Drawdown (10Y)Largest decline over 10 years | -12.44% | -56.68% | +44.24% |
Current DrawdownCurrent decline from peak | -0.49% | -45.02% | +44.53% |
Average DrawdownAverage peak-to-trough decline | -1.85% | -15.04% | +13.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.79% | 8.44% | -7.65% |
Volatility
BIAMX vs. BIAGX - Volatility Comparison
The current volatility for Brown Advisory Maryland Bond Fund (BIAMX) is 0.73%, while Brown Advisory Growth Equity Fund (BIAGX) has a volatility of 6.42%. This indicates that BIAMX experiences smaller price fluctuations and is considered to be less risky than BIAGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIAMX | BIAGX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.73% | 6.42% | -5.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.94% | 12.50% | -10.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.47% | 15.57% | -13.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.33% | 47.32% | -43.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.28% | 36.37% | -33.09% |
BIAMX vs. BIAGX - Expense Ratio Comparison
BIAMX has a 0.47% expense ratio, which is lower than BIAGX's 0.81% expense ratio.
Dividends
BIAMX vs. BIAGX - Dividend Comparison
BIAMX's dividend yield for the trailing twelve months is around 3.59%, less than BIAGX's 82.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAGX Brown Advisory Growth Equity Fund | 82.38% | 86.50% | 91.52% | 6.80% | 7.75% | 13.04% | 4.95% | 9.82% | 12.64% | 8.09% | 9.13% | 6.59% |
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
BIAMX and BIAGX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIAGX has higher volatility (6.42%) compared to BIAMX (0.73%). In terms of maximum drawdown, BIAMX dropped -12.44% vs BIAGX's -56.68%.
BIAMX currently has the higher Sharpe Ratio (2.68 vs 0.12), 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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