BIAMX vs. BIAUX

Last updated Aug 1, 2026

BIAMX (Brown Advisory Maryland Bond Fund) and BIAUX (Brown Advisory Small-Cap Fundamental Value Fund) are both mutual funds - BIAMX is a Municipal Bonds fund managed by Brown Advisory, while BIAUX is a Small Cap Blend Equities fund managed by Brown Advisory. Over the past 10 years, BIAMX returned 1.36%/yr vs 10.36%/yr for BIAUX. Their -0.07 correlation means they have often moved in opposite directions in the past. BIAMX charges 0.47%/yr vs 1.10%/yr for BIAUX.

Performance

BIAMX vs. BIAUX - Performance Comparison

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

Returns By Period

In the year-to-date period, BIAMX achieves a 0.16% return, which is significantly lower than BIAUX's 21.68% return. Over the past 10 years, BIAMX has underperformed BIAUX with an annualized return of 1.36%, while BIAUX has yielded a comparatively higher 10.36% annualized return.

BIAMX

• 1D: -0.31%
• 1M: -1.91%
• 6M: -0.65%
• YTD: 0.16%
• 1Y: 4.54%
• 3Y*: 3.16%
• 5Y*: 0.49%
• 10Y*: 1.36%
• ALL TIME*: 2.31%

BIAUX

• 1D: -0.34%
• 1M: 0.59%
• 6M: 16.54%
• YTD: 21.68%
• 1Y: 32.78%
• 3Y*: 15.22%
• 5Y*: 10.52%
• 10Y*: 10.36%
• ALL TIME*: 12.52%

*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)
BIAMX Brown Advisory Maryland Bond Fund	$0.00	$0.00	$0.00
BIAUX Brown Advisory Small-Cap Fundamental Value Fund	$0.00	$0.00	$0.00

BIAMX vs. BIAUX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIAMX Brown Advisory Maryland Bond Fund	0.16%	4.74%	1.67%	5.47%	-8.32%	1.04%	2.35%	6.70%	1.43%	3.32%
BIAUX Brown Advisory Small-Cap Fundamental Value Fund	21.68%	5.71%	11.73%	16.16%	-8.74%	31.11%	-5.69%	29.85%	-13.48%	12.17%

Correlation

The correlation between BIAMX and BIAUX is 0.23, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.23
Correlation (3Y) Balances recent behavior with more history.	0.14
Correlation (5Y) Shows whether the relationship held over a longer period.	0.11
Correlation (10Y) Provides a long-term view across more market conditions.	0.01
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009	-0.07

The correlation between BIAMX and BIAUX shifts across timeframes, from -0.07 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BIAMX vs. BIAUX — Risk / Return Rank

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

BIAMX

BIAMX Risk / Return Rank: 70
BIAMX Sharpe Ratio Rank: 84
BIAMX Sortino Ratio Rank: 86
BIAMX Omega Ratio Rank: 91
BIAMX Calmar Ratio Rank: 49
BIAMX Martin Ratio Rank: 42

BIAUX

BIAUX Risk / Return Rank: 81
BIAUX Sharpe Ratio Rank: 77
BIAUX Sortino Ratio Rank: 79
BIAUX Omega Ratio Rank: 72
BIAUX Calmar Ratio Rank: 92
BIAUX Martin Ratio Rank: 85

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.

BIAMX vs. BIAUX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Maryland Bond Fund (BIAMX) and Brown Advisory Small-Cap Fundamental Value Fund (BIAUX). 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	BIAUX	Difference
Sharpe ratio: Return per unit of total volatility	2.04	1.81	+0.23
Sortino ratio: Return per unit of downside risk	3.18	2.73	+0.45
Omega ratio: Gain probability vs. loss probability	1.51	1.32	+0.19
Calmar ratio: Return relative to maximum drawdown	1.91	3.69	-1.78
Martin ratio: Return relative to average drawdown	6.34	10.89	-4.55

BIAMX vs. BIAUX - Sharpe Ratio Comparison

The current BIAMX Sharpe Ratio is 2.04, which is comparable to the BIAUX Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of BIAMX and BIAUX, 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

BIAMX vs. BIAUX - Drawdown Comparison

The maximum BIAMX drawdown since its inception was -12.44%, smaller than the maximum BIAUX drawdown of -45.55%. Use the drawdown chart below to compare losses from any high point for BIAMX and BIAUX.

Drawdown Indicators

	BIAMX	BIAUX	Difference
Max Drawdown Largest peak-to-trough decline	-12.44%	-45.55%	+33.11%
Max Drawdown (1Y) Largest decline over 1 year	-2.78%	-8.22%	+5.44%
Max Drawdown (3Y) Largest decline over 3 years	-4.55%	-25.16%	+20.61%
Max Drawdown (5Y) Largest decline over 5 years	-12.44%	-25.16%	+12.72%
Max Drawdown (10Y) Largest decline over 10 years	-12.44%	-45.55%	+33.11%
Current Drawdown Current decline from peak	-1.91%	-2.03%	+0.12%
Average Drawdown Average peak-to-trough decline	-1.84%	-6.14%	+4.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	2.78%	-1.94%

Volatility

BIAMX vs. BIAUX - Volatility Comparison

The current volatility for Brown Advisory Maryland Bond Fund (BIAMX) is 0.87%, while Brown Advisory Small-Cap Fundamental Value Fund (BIAUX) has a volatility of 4.00%. This indicates that BIAMX experiences smaller price fluctuations and is considered to be less risky than BIAUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIAMX	BIAUX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.87%	4.00%	-3.13%
Volatility (6M) Calculated over the trailing 6-month period	2.12%	10.98%	-8.86%
Volatility (1Y) Calculated over the trailing 1-year period	2.60%	16.80%	-14.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.36%	19.66%	-16.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.29%	21.53%	-18.24%

BIAMX vs. BIAUX - Expense Ratio Comparison

BIAMX has a 0.47% expense ratio, which is lower than BIAUX's 1.10% expense ratio.

Dividends

BIAMX vs. BIAUX - Dividend Comparison

BIAMX's dividend yield for the trailing twelve months is around 3.34%, less than BIAUX's 11.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIAMX Brown Advisory Maryland Bond Fund	3.34%	3.55%	3.28%	2.73%	1.69%	1.69%	2.48%	2.71%	2.56%	1.65%	0.37%	0.48%
BIAUX Brown Advisory Small-Cap Fundamental Value Fund	11.08%	13.49%	16.54%	5.94%	6.16%	0.48%	0.47%	9.38%	14.31%	4.11%	0.34%	2.41%

Frequently Asked Questions

Can I hold both BIAMX and BIAUX in my portfolio?

BIAMX and BIAUX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIAMX or BIAUX?

BIAUX has higher volatility (4.00%) compared to BIAMX (0.87%). In terms of maximum drawdown, BIAMX dropped -12.44% vs BIAUX's -45.55%.

Which has better risk-adjusted returns?

BIAMX currently has the higher Sharpe Ratio (2.04 vs 1.81), 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.