VISVX vs. BIASX

Last updated Jun 4, 2026

VISVX (Vanguard Small Cap Value Index Fund) and BIASX (Brown Advisory Small-Cap Growth Fund) are both mutual funds - VISVX is a Small Cap Value Equities fund tracking the CRSP US Small Cap Value Index, while BIASX is a Small Cap Growth Equities fund managed by Brown Advisory Funds. Over the past 10 years, VISVX returned 10.33%/yr vs 9.21%/yr for BIASX. Their correlation of 0.85 suggests significant overlap in exposure. VISVX charges 0.19%/yr vs 1.11%/yr for BIASX.

Performance

VISVX vs. BIASX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Small Cap Value Index Fund (VISVX) and Brown Advisory Small-Cap Growth Fund (BIASX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VISVX achieves a 12.02% return, which is significantly higher than BIASX's 10.70% return. Over the past 10 years, VISVX has outperformed BIASX with an annualized return of 10.33%, while BIASX has yielded a comparatively lower 9.21% annualized return.

VISVX

• 1D: 0.86%
• 1M: 2.82%
• YTD: 12.02%
• 6M: 12.34%
• 1Y: 26.11%
• 3Y*: 16.22%
• 5Y*: 7.80%
• 10Y*: 10.33%

BIASX

• 1D: 0.14%
• 1M: 4.85%
• YTD: 10.70%
• 6M: 10.52%
• 1Y: 16.57%
• 3Y*: 7.69%
• 5Y*: 1.58%
• 10Y*: 9.21%

*Multi-year figures are annualized to reflect compound growth (CAGR)

VISVX vs. BIASX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VISVX Vanguard Small Cap Value Index Fund	12.02%	8.27%	11.21%	16.92%	-9.43%	27.97%	5.68%	22.61%	-12.35%	11.67%
BIASX Brown Advisory Small-Cap Growth Fund	10.70%	2.29%	4.29%	12.43%	-20.27%	7.31%	31.78%	36.26%	-4.47%	16.91%

Correlation

The correlation between VISVX and BIASX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jun 29, 1999	0.85

The correlation between VISVX and BIASX has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

Return for Risk

VISVX vs. BIASX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VISVX

VISVX Risk / Return Rank: 48
VISVX Sharpe Ratio Rank: 40
VISVX Sortino Ratio Rank: 41
VISVX Omega Ratio Rank: 36
VISVX Calmar Ratio Rank: 66
VISVX Martin Ratio Rank: 55

BIASX

BIASX Risk / Return Rank: 18
BIASX Sharpe Ratio Rank: 15
BIASX Sortino Ratio Rank: 16
BIASX Omega Ratio Rank: 14
BIASX Calmar Ratio Rank: 21
BIASX Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

VISVX vs. BIASX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Small Cap Value Index Fund (VISVX) and Brown Advisory Small-Cap Growth Fund (BIASX). 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.

	VISVX	BIASX	Difference
Sharpe ratio: Return per unit of total volatility	1.83	1.08	+0.75
Sortino ratio: Return per unit of downside risk	2.69	1.66	+1.03
Omega ratio: Gain probability vs. loss probability	1.32	1.19	+0.13
Calmar ratio: Return relative to maximum drawdown	3.14	1.69	+1.45
Martin ratio: Return relative to average drawdown	11.10	6.00	+5.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VISVX vs. BIASX - Sharpe Ratio Comparison

The current VISVX Sharpe Ratio is 1.83, which is higher than the BIASX Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of VISVX and BIASX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	VISVX	BIASX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	1.08	+0.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.08	+0.32
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.46	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.30	+0.10

Drawdowns

VISVX vs. BIASX - Drawdown Comparison

The maximum VISVX drawdown since its inception was -62.15%, smaller than the maximum BIASX drawdown of -73.26%. Use the drawdown chart below to compare losses from any high point for VISVX and BIASX.

Drawdown Indicators

	VISVX	BIASX	Difference
Max Drawdown Largest peak-to-trough decline	-62.15%	-73.26%	+11.11%
Max Drawdown (1Y) Largest decline over 1 year	-8.87%	-10.93%	+2.06%
Max Drawdown (3Y) Largest decline over 3 years	-24.60%	-24.98%	+0.38%
Max Drawdown (5Y) Largest decline over 5 years	-24.60%	-30.61%	+6.01%
Max Drawdown (10Y) Largest decline over 10 years	-45.39%	-38.04%	-7.35%
Current Drawdown Current decline from peak	0.00%	-0.33%	+0.33%
Average Drawdown Average peak-to-trough decline	-9.03%	-23.48%	+14.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	3.07%	-0.57%

Volatility

VISVX vs. BIASX - Volatility Comparison

The current volatility for Vanguard Small Cap Value Index Fund (VISVX) is 4.08%, while Brown Advisory Small-Cap Growth Fund (BIASX) has a volatility of 4.55%. This indicates that VISVX experiences smaller price fluctuations and is considered to be less risky than BIASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VISVX	BIASX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.08%	4.55%	-0.47%
Volatility (6M) Calculated over the trailing 6-month period	10.42%	12.44%	-2.02%
Volatility (1Y) Calculated over the trailing 1-year period	15.19%	17.07%	-1.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	19.79%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.83%	19.94%	+1.89%

VISVX vs. BIASX - Expense Ratio Comparison

VISVX has a 0.19% expense ratio, which is lower than BIASX's 1.11% expense ratio.

Dividends

VISVX vs. BIASX - Dividend Comparison

VISVX's dividend yield for the trailing twelve months is around 1.64%, less than BIASX's 17.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIASX Brown Advisory Small-Cap Growth Fund	17.72%	19.62%	5.78%	0.00%	8.22%	13.22%	0.78%	4.00%	5.17%	1.69%	3.50%	16.77%
VISVX Vanguard Small Cap Value Index Fund	1.64%	1.28%	1.86%	1.98%	1.90%	1.63%	1.58%	1.95%	2.20%	1.68%	1.42%	1.85%

Frequently Asked Questions

Can I hold both VISVX and BIASX in my portfolio?

VISVX and BIASX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VISVX or BIASX?

BIASX has higher volatility (4.55%) compared to VISVX (4.08%). In terms of maximum drawdown, VISVX dropped -62.15% vs BIASX's -73.26%.

Which has better risk-adjusted returns?

VISVX currently has the higher Sharpe Ratio (1.83 vs 1.08), 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.