BAFE vs BGY
Brown Advisory Flexible Equity ETF vs BlackRock Enhanced International Dividend Trust
Which is better, BAFE or BGY?
BAFE has been ahead.
BAFE has a lower expense ratio. BAFE led over 1Y and the full window. BGY is less concentrated, with 35.8% 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 | BAFE | BGY |
|---|---|---|
| Expense Ratio | 0.54%Best | 0.99% |
| AUM | $1.8B | $569M |
| Dividend Yield | 0.27% | 8.03% |
| Holdings | 90 | 127 |
| YTD Return | +9.97%Best | +0.81% |
| 1Y Return | +12.65%Best | +5.95% |
| 3Y Return (annualized) | - | +13.04% |
| 5Y Return (annualized) | - | +5.86% |
| Volatility (annualized) | 13.2%Best | 13.4% |
| Max Drawdown | -18.4% | -15.5%Best |
| $10,000 over 1.9 years | $12,035Best | $12,014 |
| Top 10 Weight | 45.4% | 35.8%Best |
| Fund Family | Brown Advisory | BlackRock, Inc. (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 18, 2024 | May 25, 2007 |
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).
BAFE vs BGY 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.
BAFE vs BGY Performance
Brown Advisory Flexible Equity ETF (BAFE) is an ETF from Brown Advisory and BlackRock Enhanced International Dividend Trust (BGY) is an ETF from BlackRock, Inc. (US). Over the past year BAFE returned +12.65% while BGY returned +5.95%. Year to date, BAFE is up 9.97% versus a gain of 0.81% for BGY.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BGY has been the more volatile fund, with annualized monthly volatility of 13.4% compared with 13.2% for BAFE. 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 -18.4% for BAFE and -15.5% for BGY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BAFE charges 0.54% per year while BGY charges 0.99%. On a $10,000 position that is $54 vs $99 annually, a gap of $45 per year that compounds over a long holding period. On income, BAFE currently yields 0.27% against 8.03% for BGY.
Holdings Overlap
7.8% of BAFE's money is in holdings BGY also owns. 7.5% of BGY's money is in holdings BAFE also owns.
BAFE and BGY share little of their money.
The two holdings books were reported 93 days apart, BAFE as of Oct 1, 2026 and BGY as of Jun 30, 2026, so some of the difference between them is the time between the two reports rather than the funds.
1 positions in common, counted across the 42 positions we hold weights for in BAFE and 47 in BGY, against full books of 90 and 127.
What only one of them owns
Our book lists 1 positions for BGY that do not appear in our book for BAFE (0.3% of the fund), and 37 for BAFE that do not appear in BGY (82.8%).
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 BAFE | Weight in BGY | Difference |
|---|---|---|---|
| 2330:TWTaiwan Semiconductor Manufacturing Co Ltd | 7.75% | 7.53% | 0.22% |
You are not choosing between two funds in isolation.
Whichever of BAFE and BGY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BAFE or BGY?
BAFE has an expense ratio of 0.54% while BGY charges 0.99%. BAFE is the cheaper option, by $45 a year on a $10,000 investment.
Which performed better, BAFE or BGY?
Over the past year BAFE returned +12.65% vs +5.95% for BGY, so BAFE leads on 1-year performance. Over the longest common window we track (2 years), BAFE annualized +10.24% vs +10.14% for BGY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BAFE or BGY?
BGY has been the more volatile fund at 13.4% annualized versus 13.2% for BAFE. Worst drawdown: BAFE -18.4% vs BGY -15.5%.
Should I hold both BAFE and BGY?
BAFE and BGY have a monthly-return correlation of 0.61, 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 BAFE and BGY?
7.8% of BAFE's money is in holdings BGY also owns. 7.5% of BGY's is in holdings BAFE also owns. They hold 1 positions in common, counted across the 42 positions we hold weights for in BAFE and 47 in BGY.
Which pays a higher dividend, BAFE or BGY?
BAFE yields 0.27% while BGY yields 8.03%, so BGY currently pays the higher dividend yield.
Is BGY better than BAFE?
BAFE has a lower expense ratio. BAFE led over 1Y and the full window. BGY is less concentrated, with 35.8% 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.