BAFE vs GAST
Brown Advisory Flexible Equity ETF vs Gabelli Automation ETF
Which is better, BAFE or GAST?
GAST has been ahead.
GAST has a lower expense ratio. GAST led over 1Y and the full window. GAST is less concentrated, with 44.1% 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 | GAST |
|---|---|---|
| Expense Ratio | 0.54% | 0.00%Best |
| AUM | $1.8B | $5M |
| Dividend Yield | 0.27% | 0.63% |
| Holdings | 90 | 49 |
| Volatility (annualized) | 12.0%Best | 15.9% |
| Max Drawdown | -18.4%Best | -21.5% |
| $10,000 over 1.1 years | $10,940 | $11,777Best |
| Top 10 Weight | 45.4% | 44.1%Best |
| Fund Family | Brown Advisory | Gabelli Funds |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 18, 2024 | Jan 5, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 306 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. BAFE has data through Oct 14, 2026 and GAST through Dec 12, 2025.
Volatility and max drawdown, and the $10,000 over 1.1 years row, are measured over the window both funds cover: Nov 18, 2024 to Dec 12, 2025 (1.1 years).
Risk: Volatility and Drawdowns
GAST has been the more volatile fund, with annualized monthly volatility of 15.9% compared with 12.0% 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 -21.5% for GAST. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.87. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BAFE charges 0.54% per year while GAST charges 0.00%. On a $10,000 position that is $54 vs $0 annually, a gap of $54 per year that compounds over a long holding period. On income, BAFE currently yields 0.27% against 0.63% for GAST.
Holdings Overlap
8.1% of BAFE's money is in holdings GAST also owns. 5.0% of GAST's money is in holdings BAFE also owns.
BAFE and GAST share little of their money.
The two holdings books were reported 366 days apart, BAFE as of Oct 1, 2026 and GAST as of Sep 30, 2025, so some of the difference between them is the time between the two reports rather than the funds.
2 positions in common, counted across the 42 positions we hold weights for in BAFE and 49 in GAST, against full books of 90 and 49.
What only one of them owns
Our book lists 40 positions for GAST that do not appear in our book for BAFE (79.3% of the fund), and 35 for BAFE that do not appear in GAST (74.7%).
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.
You are not choosing between two funds in isolation.
Whichever of BAFE and GAST 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 GAST?
BAFE has an expense ratio of 0.54% while GAST charges 0.00%. GAST is the cheaper option, by $54 a year on a $10,000 investment.
Which is riskier, BAFE or GAST?
GAST has been the more volatile fund at 15.9% annualized versus 12.0% for BAFE. Worst drawdown: BAFE -18.4% vs GAST -21.5%.
Should I hold both BAFE and GAST?
BAFE and GAST have a monthly-return correlation of 0.87, 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 GAST?
8.1% of BAFE's money is in holdings GAST also owns. 5.0% of GAST's is in holdings BAFE also owns. They hold 2 positions in common, counted across the 42 positions we hold weights for in BAFE and 49 in GAST.
Which pays a higher dividend, BAFE or GAST?
BAFE yields 0.27% while GAST yields 0.63%, so GAST currently pays the higher dividend yield.
Is GAST better than BAFE?
GAST has a lower expense ratio. GAST led over 1Y and the full window. GAST is less concentrated, with 44.1% 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.