BIAQX vs. BAFMX

Last updated Jun 3, 2026

BIAQX (Brown Advisory Emerging Markets Select Fund) and BAFMX (Brown Advisory Mid-Cap Growth Fund) are both mutual funds - BIAQX is a Emerging Markets Diversified fund managed by Brown Advisory Funds, while BAFMX is a Mid Cap Growth Equities fund managed by Brown Advisory Funds. A 0.59 correlation means they provide meaningful diversification when combined. BIAQX charges 1.25%/yr vs 0.79%/yr for BAFMX.

Performance

BIAQX vs. BAFMX - Performance Comparison

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

Returns By Period

BIAQX

• 1D: 2.53%
• 1M: 7.87%
• YTD: 23.69%
• 6M: 26.27%
• 1Y: 50.50%
• 3Y*: 22.59%
• 5Y*: 8.56%
• 10Y*: 9.35%

BAFMX

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

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

BIAQX vs. BAFMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BIAQX Brown Advisory Emerging Markets Select Fund	23.69%	29.80%	8.83%	10.55%	-15.20%	1.55%	18.34%	16.75%	-1.92%
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 BIAQX and BAFMX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.43
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.55
Correlation (All Time) Calculated using the full available price history since Nov 19, 2018	0.59

The correlation between BIAQX and BAFMX shifts across timeframes, from 0.43 (1 year) to 0.59 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BIAQX vs. BAFMX — Risk / Return Rank

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

BIAQX

BIAQX Risk / Return Rank: 83
BIAQX Sharpe Ratio Rank: 92
BIAQX Sortino Ratio Rank: 83
BIAQX Omega Ratio Rank: 85
BIAQX Calmar Ratio Rank: 79
BIAQX Martin Ratio Rank: 77

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.

BIAQX vs. BAFMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Emerging Markets Select Fund (BIAQX) 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.

	BIAQX	BAFMX	Difference
Sharpe ratio Return per unit of total volatility	3.07	—	—
Sortino ratio Return per unit of downside risk	3.92	—	—
Omega ratio Gain probability vs. loss probability	1.58	—	—
Calmar ratio Return relative to maximum drawdown	3.58	—	—
Martin ratio Return relative to average drawdown	14.48	—	—
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

	BIAQX	BAFMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.07	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	—	—

Drawdowns

Drawdown Indicators

	BIAQX	BAFMX	Difference
Max Drawdown Largest peak-to-trough decline	-40.55%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-13.93%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.23%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.22%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-40.55%	—	—
Current Drawdown Current decline from peak	0.00%	—	—
Average Drawdown Average peak-to-trough decline	-11.22%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	—	—

Volatility

Volatility by Period

	BIAQX	BAFMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.89%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.05%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.82%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.61%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.82%	—	—

BIAQX vs. BAFMX - Expense Ratio Comparison

BIAQX has a 1.25% expense ratio, which is higher than BAFMX's 0.79% expense ratio.

Dividends

BIAQX vs. BAFMX - Dividend Comparison

BIAQX's dividend yield for the trailing twelve months is around 1.29%, 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%
BIAQX Brown Advisory Emerging Markets Select Fund	1.29%	1.60%	1.87%	1.59%	1.13%	0.52%	0.44%	0.89%	3.75%	0.81%	1.17%	0.99%

Frequently Asked Questions

Can I hold both BIAQX and BAFMX in my portfolio?

BIAQX and BAFMX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.