BIAQX vs. LVAZX

Last updated Aug 1, 2026

BIAQX (Brown Advisory Emerging Markets Select Fund) and LVAZX (LSV Emerging Markets Equity Fund) are both Emerging Markets Equities funds. Over the past 5 years, BIAQX returned 8.69%/yr vs 14.83%/yr for LVAZX. Their correlation of 0.86 means they have usually moved in the same direction. BIAQX charges 1.25%/yr vs 1.45%/yr for LVAZX.

Performance

BIAQX vs. LVAZX - Performance Comparison

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

Returns By Period

In the year-to-date period, BIAQX achieves a 14.73% return, which is significantly lower than LVAZX's 24.39% return.

BIAQX

• 1D: 3.36%
• 1M: -1.00%
• 6M: 4.90%
• YTD: 14.73%
• 1Y: 33.93%
• 3Y*: 16.09%
• 5Y*: 8.69%
• 10Y*: 7.82%
• ALL TIME*: 5.07%

LVAZX

• 1D: 3.05%
• 1M: -1.28%
• 6M: 13.15%
• YTD: 24.39%
• 1Y: 46.61%
• 3Y*: 25.42%
• 5Y*: 14.83%
• 10Y*: —
• ALL TIME*: 12.92%

*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)
BIAQX Brown Advisory Emerging Markets Select Fund	$0.00	$0.00	$0.00
LVAZX LSV Emerging Markets Equity Fund	$0.00	$0.00	$0.00

BIAQX vs. LVAZX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
BIAQX Brown Advisory Emerging Markets Select Fund	14.73%	29.80%	8.83%	10.55%	-15.20%	1.55%	18.34%	10.70%
LVAZX LSV Emerging Markets Equity Fund	24.39%	39.90%	7.26%	21.26%	-13.03%	13.77%	5.03%	5.91%

Correlation

The correlation between BIAQX and LVAZX is 0.94, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.94
Correlation (3Y) Balances recent behavior with more history.	0.88
Correlation (5Y) Shows whether the relationship held over a longer period.	0.86
Correlation (All Time) Calculated using the full available price history since Jan 25, 2019	0.86

The correlation between BIAQX and LVAZX has been stable across timeframes, ranging from 0.86 to 0.94 - a consistent structural relationship.

Return for Risk

BIAQX vs. LVAZX — Risk / Return Rank

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

BIAQX

BIAQX Risk / Return Rank: 55
BIAQX Sharpe Ratio Rank: 56
BIAQX Sortino Ratio Rank: 49
BIAQX Omega Ratio Rank: 60
BIAQX Calmar Ratio Rank: 63
BIAQX Martin Ratio Rank: 49

LVAZX

LVAZX Risk / Return Rank: 86
LVAZX Sharpe Ratio Rank: 88
LVAZX Sortino Ratio Rank: 79
LVAZX Omega Ratio Rank: 84
LVAZX Calmar Ratio Rank: 93
LVAZX Martin Ratio Rank: 87

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.

BIAQX vs. LVAZX - Risk-Adjusted Trends Comparison

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

	BIAQX	LVAZX	Difference
Sharpe ratio: Return per unit of total volatility	1.48	2.18	-0.70
Sortino ratio: Return per unit of downside risk	1.98	2.75	-0.77
Omega ratio: Gain probability vs. loss probability	1.28	1.41	-0.13
Calmar ratio: Return relative to maximum drawdown	2.20	3.76	-1.56
Martin ratio: Return relative to average drawdown	7.12	11.29	-4.17

BIAQX vs. LVAZX - Sharpe Ratio Comparison

The current BIAQX Sharpe Ratio is 1.48, which is lower than the LVAZX Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of BIAQX and LVAZX, 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

BIAQX vs. LVAZX - Drawdown Comparison

The maximum BIAQX drawdown since its inception was -40.55%, which is greater than LVAZX's maximum drawdown of -37.87%. Use the drawdown chart below to compare losses from any high point for BIAQX and LVAZX.

Drawdown Indicators

	BIAQX	LVAZX	Difference
Max Drawdown Largest peak-to-trough decline	-40.55%	-37.87%	-2.68%
Max Drawdown (1Y) Largest decline over 1 year	-13.93%	-11.58%	-2.35%
Max Drawdown (3Y) Largest decline over 3 years	-17.23%	-15.02%	-2.21%
Max Drawdown (5Y) Largest decline over 5 years	-31.03%	-27.07%	-3.96%
Max Drawdown (10Y) Largest decline over 10 years	-40.55%	—	—
Current Drawdown Current decline from peak	-8.50%	-8.88%	+0.38%
Average Drawdown Average peak-to-trough decline	-11.15%	-6.76%	-4.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.30%	3.85%	+0.45%

Volatility

BIAQX vs. LVAZX - Volatility Comparison

Brown Advisory Emerging Markets Select Fund (BIAQX) and LSV Emerging Markets Equity Fund (LVAZX) have volatilities of 8.35% and 8.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIAQX	LVAZX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.35%	8.31%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	18.51%	18.28%	+0.23%
Volatility (1Y) Calculated over the trailing 1-year period	20.66%	19.93%	+0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.39%	15.34%	+2.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.12%	16.41%	+0.71%

BIAQX vs. LVAZX - Expense Ratio Comparison

BIAQX has a 1.25% expense ratio, which is lower than LVAZX's 1.45% expense ratio.

Dividends

BIAQX vs. LVAZX - Dividend Comparison

BIAQX's dividend yield for the trailing twelve months is around 1.39%, less than LVAZX's 4.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIAQX Brown Advisory Emerging Markets Select Fund	1.39%	1.60%	1.87%	1.59%	1.13%	0.52%	0.44%	0.89%	3.75%	0.81%	1.17%	0.99%
LVAZX LSV Emerging Markets Equity Fund	4.12%	5.12%	1.39%	4.58%	3.14%	8.50%	2.54%	2.99%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BIAQX and LVAZX in my portfolio?

With a correlation of 0.94, BIAQX and LVAZX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, BIAQX or LVAZX?

BIAQX has higher volatility (8.35%) compared to LVAZX (8.31%). In terms of maximum drawdown, BIAQX dropped -40.55% vs LVAZX's -37.87%.

Which has better risk-adjusted returns?

LVAZX currently has the higher Sharpe Ratio (2.18 vs 1.48), 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.