Brown Advisory Flexible Equity ETF (BAFE) Performance
BAFE total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.3% since Dec 31, 2025
- 1 year
- +12.2% total return
- Since first price
- +20.5% since 2024
BAFE trailing returns vs SPY, QQQ, AGG
| Period | BAFE total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +1.7% | +1.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +5.4% | +5.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.4% | +8.4% | +7.8% | +8.4% | −1.5% |
| YTD | +10.3% | +10.3% | +12.3% | +15.1% | −1.0% |
| 1 year | +12.2% | +11.8% | +14.4% | +15.9% | −1.1% |
| Since inceptionNov 18, 2024 | +20.5% | +20.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BAFE vs SPY
From Nov 18, 2024: BAFE grew to $12,051, SPY to $13,220.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BAFE returns by calendar year
1 of 1 full years positive. Best 2025 (+9.8%), worst 2025 (+9.8%). 2026 is year to date.
BAFE annual returns table
| Year | BAFE | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.3% | −12.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +9.8% | −18.4% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BAFE largest drawdowns
Now 1.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 30, 2025 | −18.4% | Apr 8, 2025 | Jul 3, 2025 | 2 months | 5 months |
| Jan 9, 2026 | −12.7% | Mar 27, 2026 | Apr 24, 2026 | 3 months | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BAFE risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +7.8% |
| Volatility (annualized) | 13.5% |
| Sharpe ratio | 0.33 |
| Sortino ratio | 0.60 |
| Best month | +11.8% |
| Worst month | −5.3% |
| Best 12 months | +19.5% |
| Worst 12 months | +3.6% |
| Positive months | 55% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BAFE rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 12 | +3.6% | +10.3% | +19.5% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
BAFE performance overview
Brown Advisory Flexible Equity ETF (BAFE) returned +12.2% over the past year, with distributions reinvested. Since its first recorded price on Nov 18, 2024 it has returned +20.5%. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −18.4%, from Jan 30, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 13.5% a year.
Related: BAFE chart, BAFE holdings, BAFE dividends, BAFE valuation. See the BAFE overview for the latest quote and fund facts.
BAFE performance FAQ
What is the BAFE return over the past year?
BAFE returned +12.2% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 11.8%.
How much would $10,000 invested in BAFE be worth?
$10,000 invested in BAFE at its first recorded close on November 18, 2024 would be worth about $12,051 on October 23, 2026 with distributions reinvested.
What is the biggest drawdown of BAFE?
The largest peak-to-trough decline was −18.4% between January 30, 2025 and April 8, 2025. It recovered to the old high on July 3, 2025, 3 months after the bottom.
How volatile is BAFE?
Over the past history BAFE had an annualized volatility of 13.5% and a Sharpe ratio of 0.33 (excess return over 1–3 month T-bills per unit of risk).