BIAWX vs. ACVF

Last updated Aug 1, 2026

BIAWX (Brown Advisory Sustainable Growth Fund) and ACVF (American Conservative Values ETF) are both funds - BIAWX is a Large Cap Growth Equities fund managed by Brown Advisory, while ACVF is a Large Cap Blend Equities fund actively managed by Ridgeline. Over the past 5 years, BIAWX returned 5.97%/yr vs 11.45%/yr for ACVF. Their correlation of 0.87 means they have usually moved in the same direction. BIAWX charges 0.78%/yr vs 0.75%/yr for ACVF.

Performance

BIAWX vs. ACVF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown Advisory Sustainable Growth Fund (BIAWX) and American Conservative Values ETF (ACVF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BIAWX achieves a 4.58% return, which is significantly lower than ACVF's 9.63% return.

BIAWX

• 1D: 1.81%
• 1M: -0.17%
• 6M: 9.58%
• YTD: 4.58%
• 1Y: 2.98%
• 3Y*: 11.51%
• 5Y*: 5.97%
• 10Y*: 14.91%
• ALL TIME*: 15.13%

ACVF

• 1D: 0.55%
• 1M: 0.34%
• 6M: 8.47%
• YTD: 9.63%
• 1Y: 15.07%
• 3Y*: 16.46%
• 5Y*: 11.45%
• 10Y*: —
• ALL TIME*: 15.76%

*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)
ACVF American Conservative Values ETF	$235.19K	$229.31K	$299.06K
BIAWX Brown Advisory Sustainable Growth Fund	$0.00	$0.00	$0.00

BIAWX vs. ACVF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
BIAWX Brown Advisory Sustainable Growth Fund	4.58%	3.18%	20.20%	38.88%	-31.02%	29.83%	12.35%
ACVF American Conservative Values ETF	9.63%	13.67%	20.56%	23.81%	-15.74%	28.84%	14.93%

Correlation

The correlation between BIAWX and ACVF is 0.82, 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.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (5Y) Shows whether the relationship held over a longer period.	0.89
Correlation (All Time) Calculated using the full available price history since Oct 29, 2020	0.87

The correlation between BIAWX and ACVF has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.

Return for Risk

BIAWX vs. ACVF — Risk / Return Rank

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

BIAWX

BIAWX Risk / Return Rank: 5
BIAWX Sharpe Ratio Rank: 5
BIAWX Sortino Ratio Rank: 5
BIAWX Omega Ratio Rank: 5
BIAWX Calmar Ratio Rank: 5
BIAWX Martin Ratio Rank: 5

ACVF

ACVF Risk / Return Rank: 48
ACVF Sharpe Ratio Rank: 46
ACVF Sortino Ratio Rank: 44
ACVF Omega Ratio Rank: 43
ACVF Calmar Ratio Rank: 51
ACVF Martin Ratio Rank: 57

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.

BIAWX vs. ACVF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Sustainable Growth Fund (BIAWX) and American Conservative Values ETF (ACVF). 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.

	BIAWX	ACVF	Difference
Sharpe ratio: Return per unit of total volatility	-0.01	1.13	-1.14
Sortino ratio: Return per unit of downside risk	0.11	1.62	-1.51
Omega ratio: Gain probability vs. loss probability	1.01	1.20	-0.19
Calmar ratio: Return relative to maximum drawdown	-0.01	1.82	-1.82
Martin ratio: Return relative to average drawdown	-0.02	6.81	-6.83

BIAWX vs. ACVF - Sharpe Ratio Comparison

The current BIAWX Sharpe Ratio is -0.01, which is lower than the ACVF Sharpe Ratio of 1.13. The chart below compares the historical Sharpe Ratios of BIAWX and ACVF, 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

BIAWX vs. ACVF - Drawdown Comparison

The maximum BIAWX drawdown since its inception was -36.94%, which is greater than ACVF's maximum drawdown of -24.39%. Use the drawdown chart below to compare losses from any high point for BIAWX and ACVF.

Drawdown Indicators

	BIAWX	ACVF	Difference
Max Drawdown Largest peak-to-trough decline	-36.94%	-24.39%	-12.55%
Max Drawdown (1Y) Largest decline over 1 year	-19.97%	-7.70%	-12.27%
Max Drawdown (3Y) Largest decline over 3 years	-25.06%	-16.82%	-8.24%
Max Drawdown (5Y) Largest decline over 5 years	-36.94%	-24.39%	-12.55%
Max Drawdown (10Y) Largest decline over 10 years	-36.94%	—	—
Current Drawdown Current decline from peak	-2.42%	-1.39%	-1.03%
Average Drawdown Average peak-to-trough decline	-5.71%	-4.67%	-1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.75%	2.05%	+5.70%

Volatility

BIAWX vs. ACVF - Volatility Comparison

Brown Advisory Sustainable Growth Fund (BIAWX) has a higher volatility of 3.91% compared to American Conservative Values ETF (ACVF) at 3.37%. This indicates that BIAWX's price experiences larger fluctuations and is considered to be riskier than ACVF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIAWX	ACVF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.91%	3.37%	+0.54%
Volatility (6M) Calculated over the trailing 6-month period	14.23%	10.10%	+4.13%
Volatility (1Y) Calculated over the trailing 1-year period	17.52%	12.41%	+5.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.77%	16.35%	+6.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.53%	15.94%	+5.59%

BIAWX vs. ACVF - Expense Ratio Comparison

BIAWX has a 0.78% expense ratio, which is higher than ACVF's 0.75% expense ratio.

Dividends

BIAWX vs. ACVF - Dividend Comparison

BIAWX's dividend yield for the trailing twelve months is around 23.45%, more than ACVF's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ACVF American Conservative Values ETF	0.52%	0.59%	0.59%	0.82%	0.93%	0.61%	0.23%	0.00%	0.00%	0.00%	0.00%	0.00%
BIAWX Brown Advisory Sustainable Growth Fund	23.45%	24.52%	5.34%	0.00%	0.00%	1.85%	0.00%	1.50%	3.75%	1.71%	0.72%	4.76%

Frequently Asked Questions

Can I hold both BIAWX and ACVF in my portfolio?

BIAWX and ACVF have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BIAWX or ACVF?

BIAWX has higher volatility (3.91%) compared to ACVF (3.37%). In terms of maximum drawdown, BIAWX dropped -36.94% vs ACVF's -24.39%.

Which has better risk-adjusted returns?

ACVF currently has the higher Sharpe Ratio (1.13 vs -0.01), 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.