VV vs. BIAWX

Last updated Jun 4, 2026

VV (Vanguard Large-Cap ETF) and BIAWX (Brown Advisory Sustainable Growth Fund) are both Large Cap Growth Equities funds. Over the past 10 years, VV returned 15.58%/yr vs 15.62%/yr for BIAWX. Their correlation of 0.90 suggests significant overlap in exposure. VV charges 0.04%/yr vs 0.78%/yr for BIAWX.

Performance

VV vs. BIAWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Large-Cap ETF (VV) and Brown Advisory Sustainable Growth Fund (BIAWX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VV achieves a 10.69% return, which is significantly higher than BIAWX's 7.00% return. Both investments have delivered pretty close results over the past 10 years, with VV having a 15.58% annualized return and BIAWX not far ahead at 15.62%.

VV

• 1D: -0.72%
• 1M: 5.19%
• YTD: 10.69%
• 6M: 10.54%
• 1Y: 27.77%
• 3Y*: 22.68%
• 5Y*: 13.54%
• 10Y*: 15.58%

BIAWX

• 1D: -0.17%
• 1M: 9.37%
• YTD: 7.00%
• 6M: 5.94%
• 1Y: 10.13%
• 3Y*: 15.17%
• 5Y*: 9.67%
• 10Y*: 15.62%

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

VV vs. BIAWX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
VV Vanguard Large-Cap ETF	10.69%	18.11%	25.25%	27.18%	-19.91%	27.41%	21.04%	31.25%	-4.46%	22.00%
BIAWX Brown Advisory Sustainable Growth Fund	7.00%	3.18%	20.20%	38.88%	-31.02%	29.83%	38.88%	35.93%	4.36%	27.89%

Correlation

The correlation between VV and BIAWX is 0.85, 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	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jul 2, 2012	0.90

The correlation between VV and BIAWX has been stable across timeframes, ranging from 0.85 to 0.91 - a consistent structural relationship.

Return for Risk

VV vs. BIAWX — Risk / Return Rank

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

VV

VV Risk / Return Rank: 67
VV Sharpe Ratio Rank: 69
VV Sortino Ratio Rank: 68
VV Omega Ratio Rank: 68
VV Calmar Ratio Rank: 60
VV Martin Ratio Rank: 72

BIAWX

BIAWX Risk / Return Rank: 7
BIAWX Sharpe Ratio Rank: 8
BIAWX Sortino Ratio Rank: 8
BIAWX Omega Ratio Rank: 8
BIAWX Calmar Ratio Rank: 5
BIAWX Martin Ratio Rank: 5

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.

VV vs. BIAWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Large-Cap ETF (VV) and Brown Advisory Sustainable Growth Fund (BIAWX). 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.

	VV	BIAWX	Difference
Sharpe ratio: Return per unit of total volatility	2.33	0.64	+1.69
Sortino ratio: Return per unit of downside risk	3.18	0.97	+2.22
Omega ratio: Gain probability vs. loss probability	1.42	1.12	+0.30
Calmar ratio: Return relative to maximum drawdown	3.03	0.53	+2.50
Martin ratio: Return relative to average drawdown	13.86	1.38	+12.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

VV vs. BIAWX - Sharpe Ratio Comparison

The current VV Sharpe Ratio is 2.33, which is higher than the BIAWX Sharpe Ratio of 0.64. The chart below compares the historical Sharpe Ratios of VV and BIAWX, 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

	VV	BIAWX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.33	0.64	+1.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	0.43	+0.36
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	0.73	+0.13
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.79	-0.20

Drawdowns

VV vs. BIAWX - Drawdown Comparison

The maximum VV drawdown since its inception was -54.81%, which is greater than BIAWX's maximum drawdown of -36.94%. Use the drawdown chart below to compare losses from any high point for VV and BIAWX.

Drawdown Indicators

	VV	BIAWX	Difference
Max Drawdown Largest peak-to-trough decline	-54.81%	-36.94%	-17.87%
Max Drawdown (1Y) Largest decline over 1 year	-9.21%	-19.97%	+10.76%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-25.06%	+6.09%
Max Drawdown (5Y) Largest decline over 5 years	-25.66%	-36.94%	+11.28%
Max Drawdown (10Y) Largest decline over 10 years	-34.28%	-36.94%	+2.66%
Current Drawdown Current decline from peak	-0.72%	-0.17%	-0.55%
Average Drawdown Average peak-to-trough decline	-6.84%	-5.74%	-1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	7.67%	-5.66%

Volatility

VV vs. BIAWX - Volatility Comparison

The current volatility for Vanguard Large-Cap ETF (VV) is 2.84%, while Brown Advisory Sustainable Growth Fund (BIAWX) has a volatility of 4.47%. This indicates that VV experiences smaller price fluctuations and is considered to be less risky than BIAWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	VV	BIAWX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.84%	4.47%	-1.63%
Volatility (6M) Calculated over the trailing 6-month period	8.98%	13.15%	-4.17%
Volatility (1Y) Calculated over the trailing 1-year period	11.99%	16.55%	-4.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	22.62%	-5.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.19%	21.50%	-3.31%

VV vs. BIAWX - Expense Ratio Comparison

VV has a 0.04% expense ratio, which is lower than BIAWX's 0.78% expense ratio.

Dividends

VV vs. BIAWX - Dividend Comparison

VV's dividend yield for the trailing twelve months is around 0.98%, less than BIAWX's 22.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BIAWX Brown Advisory Sustainable Growth Fund	22.92%	24.52%	5.34%	0.00%	0.00%	1.85%	0.00%	1.50%	3.75%	1.71%	0.72%	4.76%
VV Vanguard Large-Cap ETF	0.98%	1.08%	1.24%	1.41%	1.66%	1.19%	1.46%	1.81%	2.09%	1.75%	1.98%	1.96%

Frequently Asked Questions

Can I hold both VV and BIAWX in my portfolio?

VV and BIAWX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, VV or BIAWX?

BIAWX has higher volatility (4.47%) compared to VV (2.84%). In terms of maximum drawdown, VV dropped -54.81% vs BIAWX's -36.94%.

Which has better risk-adjusted returns?

VV currently has the higher Sharpe Ratio (2.33 vs 0.64), 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.