BIAUX vs. BAFMX

Last updated Jun 3, 2026

BIAUX (Brown Advisory Small-Cap Fundamental Value Fund) and BAFMX (Brown Advisory Mid-Cap Growth Fund) are both mutual funds - BIAUX is a Small Cap Blend Equities fund managed by Brown Advisory Funds, while BAFMX is a Mid Cap Growth Equities fund managed by Brown Advisory Funds. A 0.70 correlation means they provide meaningful diversification when combined. BIAUX charges 1.10%/yr vs 0.79%/yr for BAFMX.

Performance

BIAUX vs. BAFMX - Performance Comparison

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

Returns By Period

BIAUX

• 1D: -0.67%
• 1M: -1.10%
• YTD: 11.88%
• 6M: 12.78%
• 1Y: 30.43%
• 3Y*: 15.57%
• 5Y*: 7.53%
• 10Y*: 9.79%

BAFMX

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

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

BIAUX vs. BAFMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BIAUX Brown Advisory Small-Cap Fundamental Value Fund	11.88%	5.71%	11.73%	16.16%	-8.74%	31.11%	-5.69%	29.85%	-11.40%
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 BIAUX and BAFMX is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Nov 19, 2018	0.70

The correlation between BIAUX and BAFMX has been stable across timeframes, ranging from 0.64 to 0.71 - a consistent structural relationship.

Return for Risk

BIAUX vs. BAFMX — Risk / Return Rank

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

BIAUX

BIAUX Risk / Return Rank: 46
BIAUX Sharpe Ratio Rank: 36
BIAUX Sortino Ratio Rank: 38
BIAUX Omega Ratio Rank: 33
BIAUX Calmar Ratio Rank: 76
BIAUX Martin Ratio Rank: 49

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.

BIAUX vs. BAFMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Small-Cap Fundamental Value Fund (BIAUX) 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.

	BIAUX	BAFMX	Difference
Sharpe ratio Return per unit of total volatility	1.74	—	—
Sortino ratio Return per unit of downside risk	2.58	—	—
Omega ratio Gain probability vs. loss probability	1.30	—	—
Calmar ratio Return relative to maximum drawdown	3.48	—	—
Martin ratio Return relative to average drawdown	10.15	—	—
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

	BIAUX	BAFMX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	—	—

Drawdowns

Drawdown Indicators

	BIAUX	BAFMX	Difference
Max Drawdown Largest peak-to-trough decline	-45.55%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-8.22%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.16%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.16%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.55%	—	—
Current Drawdown Current decline from peak	-1.59%	—	—
Average Drawdown Average peak-to-trough decline	-6.19%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	—	—

Volatility

Volatility by Period

	BIAUX	BAFMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.19%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.02%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.78%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.56%	—	—

BIAUX vs. BAFMX - Expense Ratio Comparison

BIAUX has a 1.10% expense ratio, which is higher than BAFMX's 0.79% expense ratio.

Dividends

BIAUX vs. BAFMX - Dividend Comparison

BIAUX's dividend yield for the trailing twelve months is around 12.05%, 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%
BIAUX Brown Advisory Small-Cap Fundamental Value Fund	12.05%	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 BIAUX and BAFMX in my portfolio?

BIAUX and BAFMX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.