ACLC vs BAFE
American Century Large Cap Equity ETF vs Brown Advisory Flexible Equity ETF
Which is better, ACLC or BAFE?
Each has led over a different period.
ACLC has a lower expense ratio. ACLC led over the full window, BAFE over 1Y. The two have moved almost in lockstep, correlation 0.92. ACLC is less concentrated, with 38.7% of the fund in its ten largest positions against 45.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ACLC | BAFE |
|---|---|---|
| Expense Ratio | 0.39%Best | 0.54% |
| AUM | $336M | $1.8B |
| Dividend Yield | 0.56% | 0.27% |
| Holdings | 101 | 90 |
| YTD Return | +10.67% | +10.99%Best |
| 1Y Return | +13.39% | +13.45%Best |
| 3Y Return (annualized) | +17.64% | - |
| 5Y Return (annualized) | +9.72% | - |
| Volatility (annualized) | 13.2%Best | 13.3% |
| Max Drawdown | -20.5% | -18.4%Best |
| $10,000 over 1.9 years | $12,337Best | $12,143 |
| Top 10 Weight | 38.7%Best | 45.4% |
| Fund Family | American Century Investments | Brown Advisory |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jul 15, 2020 | Nov 18, 2024 |
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Nov 18, 2024 to Oct 15, 2026 (1.9 years).
ACLC vs BAFE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.9 years both funds cover.
ACLC vs BAFE Performance
American Century Large Cap Equity ETF (ACLC) is an ETF from American Century Investments and Brown Advisory Flexible Equity ETF (BAFE) is an ETF from Brown Advisory. Over the past year ACLC returned +13.39% while BAFE returned +13.45%. Year to date, ACLC is up 10.67% versus a gain of 10.99% for BAFE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BAFE has been the more volatile fund, with annualized monthly volatility of 13.3% compared with 13.2% for ACLC. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -20.5% for ACLC and -18.4% for BAFE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
ACLC charges 0.39% per year while BAFE charges 0.54%. On a $10,000 position that is $39 vs $54 annually, a gap of $15 per year that compounds over a long holding period. On income, ACLC currently yields 0.56% against 0.27% for BAFE.
Holdings Overlap
41.3% of ACLC's money is in holdings BAFE also owns. 61.2% of BAFE's money is in holdings ACLC also owns.
The two portfolios partly overlap.
20 positions in common, counted across the 100 positions we hold weights for in ACLC and 42 in BAFE, against full books of 101 and 90.
What only one of them owns
Our book lists 18 positions for BAFE that do not appear in our book for ACLC (29.4% of the fund), and 79 for ACLC that do not appear in BAFE (57.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ACLC | Weight in BAFE | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 5.54% | 6.49% | 0.95% |
| NVDANvidia Corp | 8.10% | 3.84% | 4.26% |
| GOOGLAlphabet Inc | 6.53% | 3.72% | 2.81% |
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 0.61% | 7.75% | 7.14% |
| AMZNAmazon.Com Inc | 3.41% | 4.42% | 1.01% |
| AAPLApple, Inc | 4.75% | 1.90% | 2.85% |
| METAMeta Platforms Inc | 1.52% | 4.60% | 3.08% |
| MAMastercard Inc | 1.50% | 3.73% | 2.23% |
| VVisa Inc Class A | 0.89% | 4.22% | 3.33% |
| ADIAnalog Devices, Inc. | 1.52% | 1.99% | 0.47% |
61.2% of BAFE is already inside ACLC.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, ACLC or BAFE?
ACLC has an expense ratio of 0.39% while BAFE charges 0.54%. ACLC is the cheaper option, by $15 a year on a $10,000 investment.
Which performed better, ACLC or BAFE?
Over the past year ACLC returned +13.39% vs +13.45% for BAFE, so BAFE leads on 1-year performance. Over the longest common window we track (2 years), ACLC annualized +11.69% vs +10.76% for BAFE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACLC or BAFE?
BAFE has been the more volatile fund at 13.3% annualized versus 13.2% for ACLC. Worst drawdown: ACLC -20.5% vs BAFE -18.4%.
Should I hold both ACLC and BAFE?
ACLC and BAFE have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between ACLC and BAFE?
61.2% of BAFE's money is in holdings ACLC also owns. 61.2% of BAFE's is in holdings ACLC also owns. They hold 20 positions in common, counted across the 100 positions we hold weights for in ACLC and 42 in BAFE.
Which pays a higher dividend, ACLC or BAFE?
ACLC yields 0.56% while BAFE yields 0.27%, so ACLC currently pays the higher dividend yield.
Is BAFE better than ACLC?
ACLC has a lower expense ratio. ACLC led over the full window, BAFE over 1Y. The two have moved almost in lockstep, correlation 0.92. ACLC is less concentrated, with 38.7% of the fund in its ten largest positions against 45.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.