BAFE vs CHGX
Brown Advisory Flexible Equity ETF vs Stance Sustainable Beta ETF
Which is better, BAFE or CHGX?
Each has led over a different period.
CHGX has a lower expense ratio. BAFE led over the full window, CHGX over 1Y. CHGX is less concentrated, with 11.8% 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 | CHGX |
|---|---|---|
| Expense Ratio | 0.54% | 0.49%Best |
| AUM | $1.8B | $179M |
| Dividend Yield | 0.27% | 0.55% |
| Holdings | 90 | 203 |
| YTD Return | +9.97% | +21.11%Best |
| 1Y Return | +12.65% | +20.36%Best |
| 3Y Return (annualized) | - | +3.83% |
| 5Y Return (annualized) | - | +0.53% |
| Volatility (annualized) | 13.2%Best | 30.4% |
| Max Drawdown | -18.4%Best | -47.3% |
| $10,000 over 1.9 years | $12,035Best | $8,581 |
| Top 10 Weight | 45.4% | 11.8%Best |
| Fund Family | Brown Advisory | STANCE Capital |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 18, 2024 | Nov 14, 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).
BAFE vs CHGX 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 CHGX Performance
Brown Advisory Flexible Equity ETF (BAFE) is an ETF from Brown Advisory and Stance Sustainable Beta ETF (CHGX) is an ETF from STANCE Capital. Over the past year BAFE returned +12.65% while CHGX returned +20.36%. Year to date, BAFE is up 9.97% versus a gain of 21.11% for CHGX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
CHGX has been the more volatile fund, with annualized monthly volatility of 30.4% 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 -47.3% for CHGX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.50. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BAFE charges 0.54% per year while CHGX charges 0.49%. On a $10,000 position that is $54 vs $49 annually, a gap of $5 per year that compounds over a long holding period. On income, BAFE currently yields 0.27% against 0.55% for CHGX.
Holdings Overlap
25.2% of BAFE's money is in holdings CHGX also owns. 10.8% of CHGX's money is in holdings BAFE also owns.
BAFE and CHGX share little of their money.
11 positions in common, counted across the 42 positions we hold weights for in BAFE and 101 in CHGX, against full books of 90 and 203.
What only one of them owns
Our book lists 90 positions for CHGX that do not appear in our book for BAFE (89.2% of the fund), and 26 for BAFE that do not appear in CHGX (57.7%).
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 CHGX | Difference |
|---|---|---|---|
| VVisa Inc Class A | 4.22% | 0.96% | 3.26% |
| NVDANvidia Corp | 3.84% | 1.04% | 2.80% |
| MAMastercard Inc | 3.73% | 0.95% | 2.78% |
| UNHUnitedhealth Group, Inc. | 2.82% | 0.92% | 1.90% |
| MRVLMarvell Technology Inc | 1.85% | 1.16% | 0.69% |
| SCHWSchwab Strategic T | 2.09% | 0.90% | 1.19% |
| AAPLApple, Inc | 1.90% | 0.99% | 0.91% |
| SPGIS&p Global Inc. | 1.35% | 0.93% | 0.42% |
| USFDUS Foods Holding Corp | 1.28% | 0.96% | 0.32% |
| PGRProgressive Corporation | 1.14% | 0.96% | 0.18% |
25.2% of BAFE is already inside CHGX.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, BAFE or CHGX?
BAFE has an expense ratio of 0.54% while CHGX charges 0.49%. CHGX is the cheaper option, by $5 a year on a $10,000 investment.
Which performed better, BAFE or CHGX?
Over the past year BAFE returned +12.65% vs +20.36% for CHGX, so CHGX leads on 1-year performance. Over the longest common window we track (2 years), BAFE annualized +10.24% vs -7.74% for CHGX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BAFE or CHGX?
CHGX has been the more volatile fund at 30.4% annualized versus 13.2% for BAFE. Worst drawdown: BAFE -18.4% vs CHGX -47.3%.
Should I hold both BAFE and CHGX?
BAFE and CHGX have a monthly-return correlation of 0.50, 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 CHGX?
25.2% of BAFE's money is in holdings CHGX also owns. 10.8% of CHGX's is in holdings BAFE also owns. They hold 11 positions in common, counted across the 42 positions we hold weights for in BAFE and 101 in CHGX.
Which pays a higher dividend, BAFE or CHGX?
BAFE yields 0.27% while CHGX yields 0.55%, so CHGX currently pays the higher dividend yield.
Is CHGX better than BAFE?
CHGX has a lower expense ratio. BAFE led over the full window, CHGX over 1Y. CHGX is less concentrated, with 11.8% 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.