BAFE vs LBO
Brown Advisory Flexible Equity ETF vs WHITEWOLF Publicly Listed Private Equity ETF
Which is better, BAFE or LBO?
BAFE has been ahead.
BAFE has a lower expense ratio. BAFE led over 1Y and the full window. BAFE is less concentrated, with 45.4% of the fund in its ten largest positions against 69.2%.
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 | LBO |
|---|---|---|
| Expense Ratio | 0.54%Best | 6.53% |
| AUM | $1.8B | $6M |
| Dividend Yield | 0.27% | 6.27% |
| Holdings | 90 | 40 |
| YTD Return | +9.97%Best | -20.48% |
| 1Y Return | +12.65%Best | -18.75% |
| Volatility (annualized) | 13.2%Best | 21.6% |
| Max Drawdown | -18.4%Best | -32.9% |
| $10,000 over 1.9 years | $12,035Best | $7,441 |
| Top 10 Weight | 45.4%Best | 69.2% |
| Fund Family | Brown Advisory | White Wolf Capital Advisors |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 18, 2024 | Nov 30, 2023 |
Not shown on this pair: 3Y Return (annualized), 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 LBO 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 LBO Performance
Brown Advisory Flexible Equity ETF (BAFE) is an ETF from Brown Advisory and WHITEWOLF Publicly Listed Private Equity ETF (LBO) is an ETF from White Wolf Capital Advisors. Over the past year BAFE returned +12.65% while LBO returned -18.75%. Year to date, BAFE is up 9.97% versus a loss of 20.48% for LBO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
LBO has been the more volatile fund, with annualized monthly volatility of 21.6% 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 -32.9% for LBO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BAFE charges 0.54% per year while LBO charges 6.53%. On a $10,000 position that is $54 vs $653 annually, a gap of $599 per year that compounds over a long holding period. On income, BAFE currently yields 0.27% against 6.27% for LBO.
Holdings Overlap
2.9% of BAFE's money is in holdings LBO also owns. 7.4% of LBO's money is in holdings BAFE also owns.
LBO and BAFE share little of their money.
1 positions in common, counted across the 42 positions we hold weights for in BAFE and 38 in LBO, against full books of 90 and 40.
What only one of them owns
Our book lists 35 positions for LBO that do not appear in our book for BAFE (85.5% of the fund), and 36 for BAFE that do not appear in LBO (79.9%).
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 LBO | Difference |
|---|---|---|---|
| KKRKkr & Co. Inc. Class a | 2.89% | 7.37% | 4.48% |
You are not choosing between two funds in isolation.
Whichever of BAFE and LBO 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 LBO?
BAFE has an expense ratio of 0.54% while LBO charges 6.53%. BAFE is the cheaper option, by $599 a year on a $10,000 investment.
Which performed better, BAFE or LBO?
Over the past year BAFE returned +12.65% vs -18.75% for LBO, so BAFE leads on 1-year performance. Over the longest common window we track (2 years), BAFE annualized +10.24% vs -14.41% for LBO. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BAFE or LBO?
LBO has been the more volatile fund at 21.6% annualized versus 13.2% for BAFE. Worst drawdown: BAFE -18.4% vs LBO -32.9%.
Should I hold both BAFE and LBO?
BAFE and LBO have a monthly-return correlation of 0.63, 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 LBO?
7.4% of LBO's money is in holdings BAFE also owns. 7.4% of LBO'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 38 in LBO.
Which pays a higher dividend, BAFE or LBO?
BAFE yields 0.27% while LBO yields 6.27%, so LBO currently pays the higher dividend yield.
Is LBO better than BAFE?
BAFE has a lower expense ratio. BAFE led over 1Y and the full window. BAFE is less concentrated, with 45.4% of the fund in its ten largest positions against 69.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.