ACVF vs BAFE
American Conservative Values ETF vs Brown Advisory Flexible Equity ETF
Which is better, ACVF or BAFE?
Each has led over a different period.
BAFE has a lower expense ratio. ACVF led over the full window, BAFE over 1Y. ACVF is less concentrated, with 28.8% 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 | ACVF | BAFE |
|---|---|---|
| Expense Ratio | 0.75% | 0.54%Best |
| AUM | $155M | $1.8B |
| Dividend Yield | 0.49% | 0.27% |
| Holdings | 778 | 90 |
| YTD Return | +11.40%Best | +9.97% |
| 1Y Return | +12.34% | +12.65%Best |
| 3Y Return (annualized) | +18.66% | - |
| 5Y Return (annualized) | +11.53% | - |
| Volatility (annualized) | 11.1%Best | 13.2% |
| Max Drawdown | -16.8%Best | -18.4% |
| $10,000 over 1.9 years | $12,405Best | $12,035 |
| Top 10 Weight | 28.8%Best | 45.4% |
| Fund Family | ACV ETFs | Brown Advisory |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 28, 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 14, 2026 (1.9 years).
ACVF 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.
ACVF vs BAFE Performance
American Conservative Values ETF (ACVF) is an ETF from ACV ETFs and Brown Advisory Flexible Equity ETF (BAFE) is an ETF from Brown Advisory. Over the past year ACVF returned +12.34% while BAFE returned +12.65%. Year to date, ACVF is up 11.40% versus a gain of 9.97% 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 13.2% compared with 11.1% for ACVF. 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 -16.8% for ACVF 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 0.88. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
ACVF charges 0.75% per year while BAFE charges 0.54%. On a $10,000 position that is $75 vs $54 annually, a gap of $21 per year that compounds over a long holding period. On income, ACVF currently yields 0.49% against 0.27% for BAFE.
Holdings Overlap
22.9% of ACVF's money is in holdings BAFE also owns. 45.1% of BAFE's money is in holdings ACVF also owns.
The two portfolios partly overlap.
21 positions in common, counted across the 387 positions we hold weights for in ACVF and 42 in BAFE, against full books of 778 and 90.
What only one of them owns
Our book lists 16 positions for BAFE that do not appear in our book for ACVF (37.7% of the fund), and 352 for ACVF that do not appear in BAFE (76.3%).
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 ACVF | Weight in BAFE | Difference |
|---|---|---|---|
| NVDANvidia Corp | 8.46% | 3.84% | 4.62% |
| MSFTMicrosoft Corp | 5.34% | 6.49% | 1.15% |
| MAMastercard Inc | 1.53% | 3.73% | 2.20% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 1.66% | 3.11% | 1.45% |
| KKRKkr & Co. Inc. Class a | 0.13% | 2.89% | 2.76% |
| KLACKla-tencor | 0.70% | 2.28% | 1.58% |
| BKNGBooking Holdings, Inc. | 0.70% | 2.04% | 1.34% |
| ADIAnalog Devices, Inc. | 0.64% | 1.99% | 1.35% |
| DHRDanaher Corporation | 0.23% | 2.35% | 2.12% |
| SCHWSchwab Strategic T | 0.22% | 2.09% | 1.87% |
45.1% of BAFE is already inside ACVF.
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, ACVF or BAFE?
ACVF has an expense ratio of 0.75% while BAFE charges 0.54%. BAFE is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, ACVF or BAFE?
Over the past year ACVF returned +12.34% vs +12.65% for BAFE, so BAFE leads on 1-year performance. Over the longest common window we track (2 years), ACVF annualized +12.01% vs +10.24% for BAFE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ACVF or BAFE?
BAFE has been the more volatile fund at 13.2% annualized versus 11.1% for ACVF. Worst drawdown: ACVF -16.8% vs BAFE -18.4%.
Should I hold both ACVF and BAFE?
ACVF and BAFE have a monthly-return correlation of 0.88, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ACVF and BAFE?
45.1% of BAFE's money is in holdings ACVF also owns. 45.1% of BAFE's is in holdings ACVF also owns. They hold 21 positions in common, counted across the 387 positions we hold weights for in ACVF and 42 in BAFE.
Which pays a higher dividend, ACVF or BAFE?
ACVF yields 0.49% while BAFE yields 0.27%, so ACVF currently pays the higher dividend yield.
Is BAFE better than ACVF?
BAFE has a lower expense ratio. ACVF led over the full window, BAFE over 1Y. ACVF is less concentrated, with 28.8% 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.