BIAZX vs. PRGMX
Compare and contrast key facts about Brown Advisory Mortgage Securities Fund (BIAZX) and T. Rowe Price GNMA Fund (PRGMX).
BIAZX is managed by Brown Advisory Funds. It was launched on Dec 25, 2013. PRGMX is managed by T. Rowe Price. It was launched on Nov 25, 1985.
Performance
BIAZX vs. PRGMX - Performance Comparison
Loading graphics...
BIAZX vs. PRGMX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BIAZX Brown Advisory Mortgage Securities Fund | -0.12% | 7.99% | 1.28% | 4.34% | -10.64% | -0.30% | 5.49% | 6.93% | 0.72% | 2.35% |
PRGMX T. Rowe Price GNMA Fund | 0.87% | 10.46% | 0.92% | 5.62% | -11.45% | -2.18% | 4.21% | 5.18% | 0.58% | 1.23% |
Returns By Period
In the year-to-date period, BIAZX achieves a -0.12% return, which is significantly lower than PRGMX's 0.87% return. Over the past 10 years, BIAZX has outperformed PRGMX with an annualized return of 1.55%, while PRGMX has yielded a comparatively lower 1.40% annualized return.
BIAZX
- 1D
- -0.11%
- 1M
- -1.83%
- YTD
- -0.12%
- 6M
- 1.17%
- 1Y
- 4.56%
- 3Y*
- 3.63%
- 5Y*
- 0.34%
- 10Y*
- 1.55%
PRGMX
- 1D
- 0.24%
- 1M
- -1.44%
- YTD
- 0.87%
- 6M
- 2.89%
- 1Y
- 7.97%
- 3Y*
- 4.79%
- 5Y*
- 0.72%
- 10Y*
- 1.40%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BIAZX vs. PRGMX - Expense Ratio Comparison
BIAZX has a 0.49% expense ratio, which is lower than PRGMX's 0.58% expense ratio.
Return for Risk
BIAZX vs. PRGMX — Risk / Return Rank
BIAZX
PRGMX
BIAZX vs. PRGMX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Mortgage Securities Fund (BIAZX) and T. Rowe Price GNMA Fund (PRGMX). 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.
| BIAZX | PRGMX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.07 | 1.77 | -0.69 |
Sortino ratioReturn per unit of downside risk | 1.54 | 2.53 | -1.00 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.33 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.82 | 3.01 | -1.20 |
Martin ratioReturn relative to average drawdown | 5.02 | 8.77 | -3.75 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BIAZX | PRGMX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.07 | 1.77 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | 0.11 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.30 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.94 | -0.45 |
Correlation
The correlation between BIAZX and PRGMX is 0.82, 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.
Dividends
BIAZX vs. PRGMX - Dividend Comparison
BIAZX's dividend yield for the trailing twelve months is around 4.14%, less than PRGMX's 6.90% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BIAZX Brown Advisory Mortgage Securities Fund | 4.14% | 4.43% | 4.43% | 3.65% | 2.33% | 0.75% | 0.98% | 2.12% | 2.77% | 2.03% | 2.82% | 3.59% |
PRGMX T. Rowe Price GNMA Fund | 6.90% | 6.52% | 3.54% | 3.54% | 1.38% | 0.59% | 1.44% | 2.39% | 2.78% | 2.98% | 2.88% | 3.12% |
Drawdowns
BIAZX vs. PRGMX - Drawdown Comparison
The maximum BIAZX drawdown since its inception was -15.95%, smaller than the maximum PRGMX drawdown of -18.22%. Use the drawdown chart below to compare losses from any high point for BIAZX and PRGMX.
Loading graphics...
Drawdown Indicators
| BIAZX | PRGMX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.95% | -18.22% | +2.27% |
Max Drawdown (1Y)Largest decline over 1 year | -2.79% | -2.93% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -15.95% | -17.70% | +1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -15.95% | -18.22% | +2.27% |
Current DrawdownCurrent decline from peak | -2.25% | -1.91% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -2.86% | -2.25% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.01% | 1.00% | +0.01% |
Volatility
BIAZX vs. PRGMX - Volatility Comparison
Brown Advisory Mortgage Securities Fund (BIAZX) and T. Rowe Price GNMA Fund (PRGMX) have volatilities of 1.73% and 1.74%, 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.
Loading graphics...
Volatility by Period
| BIAZX | PRGMX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.73% | 1.74% | -0.01% |
Volatility (6M)Calculated over the trailing 6-month period | 2.66% | 2.76% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.59% | 4.77% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.76% | 6.33% | -0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.41% | 4.73% | -0.32% |