BAFE vs LCDS
Brown Advisory Flexible Equity ETF vs JPMorgan Fundamental Data Science Large Core ETF
Which is better, BAFE or LCDS?
LCDS has been ahead.
LCDS has a lower expense ratio. LCDS led over 1Y and the full window. LCDS is less concentrated, with 44.3% 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 | LCDS |
|---|---|---|
| Expense Ratio | 0.54% | 0.30%Best |
| AUM | $1.8B | $17M |
| Dividend Yield | 0.27% | 0.86% |
| Holdings | 90 | 230 |
| YTD Return | +9.97% | +13.43%Best |
| 1Y Return | +12.65% | +18.13%Best |
| Volatility (annualized) | 13.2% | 12.2%Best |
| Max Drawdown | -18.4%Tie | -18.4%Tie |
| $10,000 over 1.9 years | $12,035 | $13,230Best |
| Top 10 Weight | 45.4% | 44.3%Best |
| Fund Family | Brown Advisory | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 18, 2024 | Aug 7, 2024 |
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 LCDS 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 LCDS Performance
Brown Advisory Flexible Equity ETF (BAFE) is an ETF from Brown Advisory and JPMorgan Fundamental Data Science Large Core ETF (LCDS) is an ETF from J.P. Morgan Asset Management. Over the past year BAFE returned +12.65% while LCDS returned +18.13%. Year to date, BAFE is up 9.97% versus a gain of 13.43% for LCDS.
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 12.2% for LCDS. 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 -18.4% for LCDS. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BAFE charges 0.54% per year while LCDS charges 0.30%. On a $10,000 position that is $54 vs $30 annually, a gap of $24 per year that compounds over a long holding period. On income, BAFE currently yields 0.27% against 0.86% for LCDS.
Holdings Overlap
43.0% of BAFE's money is in holdings LCDS also owns. 42.7% of LCDS'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 113 in LCDS, against full books of 90 and 230.
What only one of them owns
Our book lists 94 positions for LCDS that do not appear in our book for BAFE (56.6% of the fund), and 20 for BAFE that do not appear in LCDS (39.9%).
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 LCDS | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.49% | 6.60% | 0.11% |
| NVDANvidia Corp | 3.84% | 9.22% | 5.38% |
| AAPLApple, Inc | 1.90% | 7.46% | 5.56% |
| GOOGLAlphabet Inc | 3.72% | 4.95% | 1.23% |
| AMZNAmazon.Com Inc | 4.42% | 4.19% | 0.23% |
| METAMeta Platforms Inc | 4.60% | 3.02% | 1.58% |
| MAMastercard Inc | 3.73% | 1.63% | 2.10% |
| UNHUnitedhealth Group, Inc. | 2.82% | 0.87% | 1.95% |
| SCHWSchwab Strategic T | 2.09% | 0.69% | 1.40% |
| ADIAnalog Devices, Inc. | 1.99% | 0.63% | 1.36% |
43.0% of BAFE is already inside LCDS.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, BAFE or LCDS?
BAFE has an expense ratio of 0.54% while LCDS charges 0.30%. LCDS is the cheaper option, by $24 a year on a $10,000 investment.
Which performed better, BAFE or LCDS?
Over the past year BAFE returned +12.65% vs +18.13% for LCDS, so LCDS leads on 1-year performance. Over the longest common window we track (2 years), BAFE annualized +10.24% vs +15.87% for LCDS. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BAFE or LCDS?
BAFE has been the more volatile fund at 13.2% annualized versus 12.2% for LCDS. Worst drawdown: BAFE -18.4% vs LCDS -18.4%.
Should I hold both BAFE and LCDS?
BAFE and LCDS have a monthly-return correlation of 0.89, 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 LCDS?
43.0% of BAFE's money is in holdings LCDS also owns. 42.7% of LCDS'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 113 in LCDS.
Which pays a higher dividend, BAFE or LCDS?
BAFE yields 0.27% while LCDS yields 0.86%, so LCDS currently pays the higher dividend yield.
Is LCDS better than BAFE?
LCDS has a lower expense ratio. LCDS led over 1Y and the full window. LCDS is less concentrated, with 44.3% 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.