BAFE vs JPEF
Brown Advisory Flexible Equity ETF vs JPMorgan Equity Focus ETF
Which is better, BAFE or JPEF?
Each has led over a different period.
JPEF has a lower expense ratio. BAFE led over 1Y, JPEF over the full window. The two have moved almost in lockstep, correlation 0.92. BAFE is less concentrated, with 45.4% of the fund in its ten largest positions against 45.8%.
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 | JPEF |
|---|---|---|
| Expense Ratio | 0.54% | 0.44%Best |
| AUM | $1.8B | $2.1B |
| Dividend Yield | 0.27% | 0.64% |
| Holdings | 90 | 84 |
| YTD Return | +9.97%Best | +9.64% |
| 1Y Return | +12.65%Best | +11.56% |
| 3Y Return (annualized) | - | +19.60% |
| Volatility (annualized) | 13.2% | 11.2%Best |
| Max Drawdown | -18.4% | -18.1%Best |
| $10,000 over 1.9 years | $12,035 | $12,206Best |
| Top 10 Weight | 45.4%Best | 45.8% |
| Fund Family | Brown Advisory | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 18, 2024 | Mar 10, 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 JPEF 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 JPEF Performance
Brown Advisory Flexible Equity ETF (BAFE) is an ETF from Brown Advisory and JPMorgan Equity Focus ETF (JPEF) is an ETF from J.P. Morgan Asset Management. Over the past year BAFE returned +12.65% while JPEF returned +11.56%. Year to date, BAFE is up 9.97% versus a gain of 9.64% for JPEF.
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 11.2% for JPEF. 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 -18.1% for JPEF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.92. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
BAFE charges 0.54% per year while JPEF charges 0.44%. On a $10,000 position that is $54 vs $44 annually, a gap of $10 per year that compounds over a long holding period. On income, BAFE currently yields 0.27% against 0.64% for JPEF.
Holdings Overlap
33.1% of BAFE's money is in holdings JPEF also owns. 42.1% of JPEF's money is in holdings BAFE also owns.
The two portfolios partly overlap.
10 positions in common, counted across the 42 positions we hold weights for in BAFE and 41 in JPEF, against full books of 90 and 84.
What only one of them owns
Our book lists 30 positions for JPEF that do not appear in our book for BAFE (56.1% of the fund), and 27 for BAFE that do not appear in JPEF (49.8%).
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 JPEF | Difference |
|---|---|---|---|
| NVDANvidia Corp. | 3.84% | 9.59% | 5.75% |
| MSFTMicrosoft Corp_None_0 | 6.49% | 5.05% | 1.44% |
| GOOGAlphabet, Inc.- Cl C | 3.54% | 6.33% | 2.79% |
| AMZNAmazon.Com Inc | 4.42% | 4.50% | 0.08% |
| AAPLApple Inc | 1.90% | 5.69% | 3.79% |
| METAMeta Platforms, Inc. | 4.60% | 2.36% | 2.24% |
| URIUnited Rentals Inc. | 2.75% | 2.64% | 0.11% |
| ADIAnalog Devices, Inc. | 1.99% | 3.08% | 1.09% |
| COFCapital One Financial Corporation (usd) | 1.50% | 2.28% | 0.78% |
| BKNGBooking Holdings Inc | 2.04% | 0.63% | 1.41% |
42.1% of JPEF is already inside BAFE.
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 JPEF?
BAFE has an expense ratio of 0.54% while JPEF charges 0.44%. JPEF is the cheaper option, by $10 a year on a $10,000 investment.
Which performed better, BAFE or JPEF?
Over the past year BAFE returned +12.65% vs +11.56% for JPEF, so BAFE leads on 1-year performance. Over the longest common window we track (2 years), BAFE annualized +10.24% vs +11.06% for JPEF. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BAFE or JPEF?
BAFE has been the more volatile fund at 13.2% annualized versus 11.2% for JPEF. Worst drawdown: BAFE -18.4% vs JPEF -18.1%.
Should I hold both BAFE and JPEF?
BAFE and JPEF have a monthly-return correlation of 0.92, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between BAFE and JPEF?
42.1% of JPEF's money is in holdings BAFE also owns. 42.1% of JPEF's is in holdings BAFE also owns. They hold 10 positions in common, counted across the 42 positions we hold weights for in BAFE and 41 in JPEF.
Which pays a higher dividend, BAFE or JPEF?
BAFE yields 0.27% while JPEF yields 0.64%, so JPEF currently pays the higher dividend yield.
Is JPEF better than BAFE?
JPEF has a lower expense ratio. BAFE led over 1Y, JPEF over the full window. The two have moved almost in lockstep, correlation 0.92. BAFE is less concentrated, with 45.4% of the fund in its ten largest positions against 45.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.