BITEX vs. BIAEX
Compare and contrast key facts about Brown Advisory Tax-Exempt Sustainable Bond Fund (BITEX) and Brown Advisory Tax Exempt Bond Fund (BIAEX).
BITEX is managed by Brown Advisory Funds. It was launched on Dec 1, 2019. BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012.
Performance
BITEX vs. BIAEX - Performance Comparison
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BITEX vs. BIAEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BITEX Brown Advisory Tax-Exempt Sustainable Bond Fund | -0.44% | 4.27% | 2.02% | 4.35% | -9.40% | 2.21% | 2.08% | 0.19% |
BIAEX Brown Advisory Tax Exempt Bond Fund | -0.48% | 5.50% | 2.08% | 6.43% | -9.75% | 2.39% | 3.65% | 0.42% |
Returns By Period
In the year-to-date period, BITEX achieves a -0.44% return, which is significantly higher than BIAEX's -0.48% return.
BITEX
- 1D
- 0.22%
- 1M
- -1.95%
- YTD
- -0.44%
- 6M
- 1.12%
- 1Y
- 3.68%
- 3Y*
- 2.78%
- 5Y*
- 0.48%
- 10Y*
- —
BIAEX
- 1D
- 0.21%
- 1M
- -2.20%
- YTD
- -0.48%
- 6M
- 1.23%
- 1Y
- 4.68%
- 3Y*
- 3.61%
- 5Y*
- 1.01%
- 10Y*
- 1.97%
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BITEX vs. BIAEX - Expense Ratio Comparison
BITEX has a 0.49% expense ratio, which is higher than BIAEX's 0.46% expense ratio.
Return for Risk
BITEX vs. BIAEX — Risk / Return Rank
BITEX
BIAEX
BITEX vs. BIAEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Advisory Tax-Exempt Sustainable Bond Fund (BITEX) and Brown Advisory Tax Exempt Bond Fund (BIAEX). 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.
| BITEX | BIAEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 1.24 | -0.23 |
Sortino ratioReturn per unit of downside risk | 1.39 | 1.68 | -0.29 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.34 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 1.41 | -0.22 |
Martin ratioReturn relative to average drawdown | 4.28 | 5.19 | -0.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BITEX | BIAEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 1.24 | -0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.30 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.55 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.48 | -0.30 |
Correlation
The correlation between BITEX and BIAEX is 0.86, 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
BITEX vs. BIAEX - Dividend Comparison
BITEX's dividend yield for the trailing twelve months is around 3.27%, less than BIAEX's 3.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BITEX Brown Advisory Tax-Exempt Sustainable Bond Fund | 3.27% | 3.25% | 3.32% | 2.78% | 1.25% | 2.00% | 1.45% | 0.09% | 0.00% | 0.00% |
BIAEX Brown Advisory Tax Exempt Bond Fund | 3.48% | 3.79% | 3.67% | 3.15% | 2.00% | 2.57% | 2.75% | 3.01% | 3.27% | 2.30% |
Drawdowns
BITEX vs. BIAEX - Drawdown Comparison
The maximum BITEX drawdown since its inception was -13.06%, smaller than the maximum BIAEX drawdown of -13.89%. Use the drawdown chart below to compare losses from any high point for BITEX and BIAEX.
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Drawdown Indicators
| BITEX | BIAEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.06% | -13.89% | +0.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -3.97% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -13.06% | -13.89% | +0.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -13.89% | — |
Current DrawdownCurrent decline from peak | -2.27% | -2.51% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -2.85% | -1.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.07% | 1.08% | -0.01% |
Volatility
BITEX vs. BIAEX - Volatility Comparison
The current volatility for Brown Advisory Tax-Exempt Sustainable Bond Fund (BITEX) is 0.93%, while Brown Advisory Tax Exempt Bond Fund (BIAEX) has a volatility of 1.01%. This indicates that BITEX experiences smaller price fluctuations and is considered to be less risky than BIAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BITEX | BIAEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.93% | 1.01% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 1.60% | 1.66% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 4.09% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.24% | 3.37% | -0.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.07% | 3.58% | +0.49% |