BIAWX vs. BRK-B
BIAWX (Brown Advisory Sustainable Growth Fund) is Large Cap Growth Equities fund managed by Brown Advisory Funds, while BRK-B (Berkshire Hathaway Inc.) is a stock. Over the past 10 years, BIAWX returned 15.22%/yr vs 13.03%/yr for BRK-B. At a 0.50 correlation, their price movements are largely independent.
Performance
BIAWX vs. BRK-B - Performance Comparison
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Returns By Period
In the year-to-date period, BIAWX achieves a 5.99% return, which is significantly higher than BRK-B's -1.15% return. Over the past 10 years, BIAWX has outperformed BRK-B with an annualized return of 15.22%, while BRK-B has yielded a comparatively lower 13.03% annualized return.
BIAWX
- 1D
- 0.04%
- 1M
- 4.06%
- 6M
- 4.68%
- YTD
- 5.99%
- 1Y
- 3.96%
- 3Y*
- 13.50%
- 5Y*
- 6.98%
- 10Y*
- 15.22%
BRK-B
- 1D
- 0.64%
- 1M
- 1.55%
- 6M
- -0.36%
- YTD
- -1.15%
- 1Y
- 4.41%
- 3Y*
- 13.36%
- 5Y*
- 12.29%
- 10Y*
- 13.03%
BIAWX vs. BRK-B - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIAWX Brown Advisory Sustainable Growth Fund | 5.99% | 3.18% | 20.20% | 38.88% | -31.02% | 29.83% | 38.88% | 35.93% | 4.36% | 27.89% |
BRK-B Berkshire Hathaway Inc. | -1.15% | 10.89% | 27.09% | 15.46% | 3.31% | 28.95% | 2.37% | 10.93% | 3.01% | 21.62% |
Correlation
The correlation between BIAWX and BRK-B is 0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.38 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2012 | 0.50 |
Over the past year, the correlation between BIAWX and BRK-B has dropped to 0.06 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
BIAWX vs. BRK-B — Risk / Return Rank
BIAWX
BRK-B
BIAWX vs. BRK-B - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Sustainable Growth Fund (BIAWX) and Berkshire Hathaway Inc. (BRK-B). 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 | BRK-B | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.06 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 0.17 | 0.47 | -0.30 |
| Martin ratioReturn relative to average drawdown | 0.43 | 0.99 | -0.56 |
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Drawdowns
BIAWX vs. BRK-B - Drawdown Comparison
The maximum BIAWX drawdown since its inception was -36.94%, smaller than the maximum BRK-B drawdown of -53.86%. Use the drawdown chart below to compare losses from any high point for BIAWX and BRK-B.
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Drawdown Indicators
| BIAWX | BRK-B | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.94% | -53.86% | +16.92% |
Max Drawdown (1Y)Largest decline over 1 year | -19.97% | -9.42% | -10.55% |
Max Drawdown (3Y)Largest decline over 3 years | -25.06% | -14.95% | -10.11% |
Max Drawdown (5Y)Largest decline over 5 years | -36.94% | -26.58% | -10.36% |
Max Drawdown (10Y)Largest decline over 10 years | -36.94% | -29.57% | -7.37% |
Current DrawdownCurrent decline from peak | -1.11% | -7.96% | +6.85% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -11.06% | +5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.78% | 4.45% | +3.33% |
Volatility
BIAWX vs. BRK-B - Volatility Comparison
Brown Advisory Sustainable Growth Fund (BIAWX) has a higher volatility of 5.47% compared to Berkshire Hathaway Inc. (BRK-B) at 4.39%. This indicates that BIAWX's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BIAWX | BRK-B | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 4.39% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 14.23% | 10.97% | +3.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.31% | 14.54% | +2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.74% | 17.11% | +5.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 19.40% | +2.11% |
Dividends
BIAWX vs. BRK-B - Dividend Comparison
BIAWX's dividend yield for the trailing twelve months is around 23.14%, while BRK-B has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAWX Brown Advisory Sustainable Growth Fund | 23.14% | 24.52% | 5.34% | 0.00% | 0.00% | 1.85% | 0.00% | 1.50% | 3.75% | 1.71% | 0.72% | 4.76% |
BRK-B Berkshire Hathaway Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BIAWX and BRK-B have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BIAWX has higher volatility (5.47%) compared to BRK-B (4.39%). In terms of maximum drawdown, BIAWX dropped -36.94% vs BRK-B's -53.86%.
BRK-B currently has the higher Sharpe Ratio (0.31 vs 0.19), 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.
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