BIAWX vs. SPY
Compare and contrast key facts about Brown Advisory Sustainable Growth Fund (BIAWX) and SPDR S&P 500 ETF (SPY).
BIAWX is managed by Brown Advisory Funds. It was launched on Jun 29, 2012. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BIAWX or SPY.
Key characteristics
| BIAWX | SPY | |
|---|---|---|
| YTD Return | 7.18% | 6.27% |
| 1Y Return | 30.13% | 23.40% |
| 3Y Return (Ann) | 7.38% | 8.07% |
| 5Y Return (Ann) | 15.63% | 13.52% |
| 10Y Return (Ann) | 15.80% | 12.48% |
| Sharpe Ratio | 1.93 | 2.05 |
| Daily Std Dev | 15.75% | 11.65% |
| Max Drawdown | -36.94% | -55.19% |
| Current Drawdown | -3.86% | -3.75% |
Correlation
The correlation between BIAWX and SPY is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BIAWX vs. SPY - Performance Comparison
In the year-to-date period, BIAWX achieves a 7.18% return, which is significantly higher than SPY's 6.27% return. Over the past 10 years, BIAWX has outperformed SPY with an annualized return of 15.80%, while SPY has yielded a comparatively lower 12.48% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BIAWX vs. SPY - Expense Ratio Comparison
Risk-Adjusted Performance
BIAWX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Sustainable Growth Fund (BIAWX) and SPDR S&P 500 ETF (SPY). 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.
Dividends
BIAWX vs. SPY - Dividend Comparison
BIAWX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.34%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAWX Brown Advisory Sustainable Growth Fund | 0.00% | 0.00% | 0.00% | 1.85% | 0.00% | 0.75% | 3.75% | 1.71% | 0.72% | 4.76% | 2.10% | 1.03% |
SPY SPDR S&P 500 ETF | 1.34% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
BIAWX vs. SPY - Drawdown Comparison
The maximum BIAWX drawdown since its inception was -36.94%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BIAWX and SPY. For additional features, visit the drawdowns tool.
Volatility
BIAWX vs. SPY - Volatility Comparison
Brown Advisory Sustainable Growth Fund (BIAWX) has a higher volatility of 3.95% compared to SPDR S&P 500 ETF (SPY) at 3.33%. This indicates that BIAWX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.