BAFE vs GOP
Brown Advisory Flexible Equity ETF vs Subversive Congressional Republicans Trading ETF
Which is better, BAFE or GOP?
GOP has been ahead.
BAFE has a lower expense ratio. GOP led over 1Y and the full window. GOP is less concentrated, with 38.4% 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 | GOP |
|---|---|---|
| Expense Ratio | 0.54%Best | 0.73% |
| AUM | $1.8B | $94M |
| Dividend Yield | 0.27% | 0.56% |
| Holdings | 90 | 141 |
| YTD Return | +9.97% | +19.48%Best |
| 1Y Return | +12.65% | +22.08%Best |
| 3Y Return (annualized) | - | +21.66% |
| Volatility (annualized) | 13.2%Best | 13.7% |
| Max Drawdown | -18.4%Best | -20.7% |
| $10,000 over 1.9 years | $12,035 | $13,614Best |
| Top 10 Weight | 45.4% | 38.4%Best |
| Fund Family | Brown Advisory | Subversive Capital |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 18, 2024 | Feb 7, 2023 |
Not shown on this pair: 5Y Return (annualized).
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 GOP 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 GOP Performance
Brown Advisory Flexible Equity ETF (BAFE) is an ETF from Brown Advisory and Subversive Congressional Republicans Trading ETF (GOP) is an ETF from Subversive Capital. Over the past year BAFE returned +12.65% while GOP returned +22.08%. Year to date, BAFE is up 9.97% versus a gain of 19.48% for GOP.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GOP has been the more volatile fund, with annualized monthly volatility of 13.7% 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 -20.7% for GOP. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BAFE charges 0.54% per year while GOP charges 0.73%. On a $10,000 position that is $54 vs $73 annually, a gap of $19 per year that compounds over a long holding period. On income, BAFE currently yields 0.27% against 0.56% for GOP.
Holdings Overlap
45.2% of BAFE's money is in holdings GOP also owns. 9.7% of GOP's money is in holdings BAFE also owns.
The two portfolios partly overlap.
16 positions in common, counted across the 42 positions we hold weights for in BAFE and 135 in GOP, against full books of 90 and 141.
What only one of them owns
Our book lists 113 positions for GOP that do not appear in our book for BAFE (85.0% of the fund), and 22 for BAFE that do not appear in GOP (39.6%).
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 GOP | Difference |
|---|---|---|---|
| NVDANvidia Corp | 3.84% | 3.48% | 0.36% |
| MSFTMicrosoft Corp | 6.49% | 0.56% | 5.93% |
| METAMeta Platforms Inc | 4.60% | 0.59% | 4.01% |
| AMZNAmazon.Com Inc | 4.42% | 0.63% | 3.79% |
| VVisa Inc Class A | 4.22% | 0.56% | 3.66% |
| MAMastercard Inc | 3.73% | 0.46% | 3.27% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 3.11% | 0.76% | 2.35% |
| KLACKla-tencor | 2.28% | 0.25% | 2.03% |
| AAPLApple, Inc | 1.90% | 0.57% | 1.33% |
| ELVElevance Health Inc | 1.94% | 0.45% | 1.49% |
45.2% of BAFE is already inside GOP.
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 GOP?
BAFE has an expense ratio of 0.54% while GOP charges 0.73%. BAFE is the cheaper option, by $19 a year on a $10,000 investment.
Which performed better, BAFE or GOP?
Over the past year BAFE returned +12.65% vs +22.08% for GOP, so GOP leads on 1-year performance. Over the longest common window we track (2 years), BAFE annualized +10.24% vs +17.63% for GOP. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BAFE or GOP?
GOP has been the more volatile fund at 13.7% annualized versus 13.2% for BAFE. Worst drawdown: BAFE -18.4% vs GOP -20.7%.
Should I hold both BAFE and GOP?
BAFE and GOP have a monthly-return correlation of 0.85, 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 GOP?
45.2% of BAFE's money is in holdings GOP also owns. 9.7% of GOP's is in holdings BAFE also owns. They hold 16 positions in common, counted across the 42 positions we hold weights for in BAFE and 135 in GOP.
Which pays a higher dividend, BAFE or GOP?
BAFE yields 0.27% while GOP yields 0.56%, so GOP currently pays the higher dividend yield.
Is GOP better than BAFE?
BAFE has a lower expense ratio. GOP led over 1Y and the full window. GOP is less concentrated, with 38.4% 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.