VTMGX vs. BAFWX
VTMGX (Vanguard Developed Markets Index Fund Admiral Shares) and BAFWX (Brown Advisory Sustainable Growth Fund Institutional Shares) are both mutual funds - VTMGX is a Foreign Large Cap Equities fund tracking the FTSE Developed All Cap ex US Index, while BAFWX is a Large Cap Growth Equities fund managed by Brown Advisory. Over the past 10 years, VTMGX returned 10.04%/yr vs 15.35%/yr for BAFWX. Their 0.70 correlation means they have sometimes moved together and sometimes differently. VTMGX charges 0.07%/yr vs 0.64%/yr for BAFWX.
Performance
VTMGX vs. BAFWX - Performance Comparison
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Returns By Period
In the year-to-date period, VTMGX achieves a 14.19% return, which is significantly higher than BAFWX's 6.60% return. Over the past 10 years, VTMGX has underperformed BAFWX with an annualized return of 10.04%, while BAFWX has yielded a comparatively higher 15.35% annualized return.
VTMGX
- 1D
- -0.35%
- 1M
- 0.40%
- 6M
- 7.44%
- YTD
- 14.19%
- 1Y
- 30.15%
- 3Y*
- 18.13%
- 5Y*
- 9.81%
- 10Y*
- 10.04%
- ALL TIME*
- 5.82%
BAFWX
- 1D
- 1.83%
- 1M
- 1.68%
- 6M
- 11.55%
- YTD
- 6.60%
- 1Y
- 5.05%
- 3Y*
- 12.48%
- 5Y*
- 6.52%
- 10Y*
- 15.35%
- ALL TIME*
- 15.45%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VTMGX vs. BAFWX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTMGX Vanguard Developed Markets Index Fund Admiral Shares | 14.19% | 35.17% | 3.03% | 17.65% | -15.33% | 11.39% | 10.25% | 22.04% | -14.48% | 26.39% |
BAFWX Brown Advisory Sustainable Growth Fund Institutional Shares | 6.60% | 3.35% | 20.35% | 39.07% | -30.90% | 30.01% | 39.09% | 36.09% | 4.51% | 28.10% |
Correlation
The correlation between VTMGX and BAFWX is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.61 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2012 | 0.70 |
The correlation between VTMGX and BAFWX has been stable across timeframes, ranging from 0.61 to 0.70 - a consistent structural relationship.
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Return for Risk
VTMGX vs. BAFWX — Risk / Return Rank
VTMGX
BAFWX
VTMGX vs. BAFWX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) and Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX). 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.
| VTMGX | BAFWX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.64 | ||
| Sortino ratioReturn per unit of downside risk | +2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.04 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 2.58 | 0.14 | +2.44 |
| Martin ratioReturn relative to average drawdown | 9.59 | 0.36 | +9.22 |
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Drawdowns
VTMGX vs. BAFWX - Drawdown Comparison
The maximum VTMGX drawdown since its inception was -60.58%, which is greater than BAFWX's maximum drawdown of -36.86%. Use the drawdown chart below to compare losses from any high point for VTMGX and BAFWX.
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Drawdown Indicators
| VTMGX | BAFWX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.58% | -36.86% | -23.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.67% | -19.93% | +8.26% |
Max Drawdown (3Y)Largest decline over 3 years | -13.18% | -25.03% | +11.85% |
Max Drawdown (5Y)Largest decline over 5 years | -29.71% | -36.86% | +7.15% |
Max Drawdown (10Y)Largest decline over 10 years | -35.68% | -36.86% | +1.18% |
Current DrawdownCurrent decline from peak | -2.02% | -0.61% | -1.41% |
Average DrawdownAverage peak-to-trough decline | -14.58% | -5.68% | -8.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 7.67% | -4.54% |
Volatility
VTMGX vs. BAFWX - Volatility Comparison
Vanguard Developed Markets Index Fund Admiral Shares (VTMGX) has a higher volatility of 5.52% compared to Brown Advisory Sustainable Growth Fund Institutional Shares (BAFWX) at 4.27%. This indicates that VTMGX's price experiences larger fluctuations and is considered to be riskier than BAFWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VTMGX | BAFWX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.52% | 4.27% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 14.78% | 14.22% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.78% | 17.62% | -0.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.20% | 22.78% | -6.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.41% | 21.55% | -5.14% |
VTMGX vs. BAFWX - Expense Ratio Comparison
VTMGX has a 0.07% expense ratio, which is lower than BAFWX's 0.64% expense ratio.
Dividends
VTMGX vs. BAFWX - Dividend Comparison
VTMGX's dividend yield for the trailing twelve months is around 2.54%, less than BAFWX's 22.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAFWX Brown Advisory Sustainable Growth Fund Institutional Shares | 22.36% | 23.83% | 5.23% | 0.01% | 0.00% | 1.82% | 0.00% | 1.48% | 3.71% | 1.70% | 0.71% | 4.73% |
VTMGX Vanguard Developed Markets Index Fund Admiral Shares | 2.54% | 3.20% | 3.34% | 3.14% | 2.88% | 3.14% | 2.02% | 3.03% | 3.33% | 2.77% | 3.06% | 2.91% |
Frequently Asked Questions
VTMGX and BAFWX have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VTMGX has higher volatility (5.52%) compared to BAFWX (4.27%). In terms of maximum drawdown, VTMGX dropped -60.58% vs BAFWX's -36.86%.
VTMGX currently has the higher Sharpe Ratio (1.80 vs 0.16), 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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