BAFE vs RVRB
Brown Advisory Flexible Equity ETF vs Reverb ETF
Which is better, BAFE or RVRB?
RVRB has been ahead.
RVRB has a lower expense ratio. RVRB led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. RVRB is less concentrated, with 38.2% 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 | RVRB |
|---|---|---|
| Expense Ratio | 0.54% | 0.30%Best |
| AUM | $1.8B | $5M |
| Dividend Yield | 0.27% | 0.86% |
| Holdings | 90 | 499 |
| Volatility (annualized) | 12.3% | 12.0%Best |
| Max Drawdown | -18.4%Best | -19.1% |
| $10,000 over 1.3 years | $10,013 | $11,079Best |
| Top 10 Weight | 45.4% | 38.2%Best |
| Fund Family | Brown Advisory | Reverb ETF |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 18, 2024 | Nov 3, 2022 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 202 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 RVRB through Mar 26, 2026.
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Nov 18, 2024 to Mar 26, 2026 (1.3 years).
Risk: Volatility and Drawdowns
BAFE has been the more volatile fund, with annualized monthly volatility of 12.3% compared with 12.0% for RVRB. 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 -19.1% for RVRB. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. 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 RVRB 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 RVRB.
Holdings Overlap
79.8% of BAFE's money is in holdings RVRB also owns. 39.3% of RVRB's money is in holdings BAFE also owns.
Most of BAFE is already inside RVRB. Owning both mostly buys the same companies twice.
The two holdings books were reported 274 days apart, BAFE as of Oct 1, 2026 and RVRB as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
34 positions in common, counted across the 42 positions we hold weights for in BAFE and 493 in RVRB, against full books of 90 and 499.
What only one of them owns
Our book lists 412 positions for RVRB that do not appear in our book for BAFE (56.8% of the fund), and 5 for BAFE that do not appear in RVRB (7.4%).
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 RVRB | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.49% | 5.92% | 0.57% |
| NVDANvidia Corp | 3.84% | 6.78% | 2.94% |
| GOOGLAlphabet Inc | 3.72% | 6.28% | 2.56% |
| AMZNAmazon.Com Inc | 4.42% | 4.24% | 0.18% |
| AAPLApple, Inc | 1.90% | 5.40% | 3.50% |
| METAMeta Platforms Inc | 4.60% | 2.13% | 2.47% |
| VVisa Inc Class A | 4.22% | 1.04% | 3.18% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 3.11% | 1.55% | 1.56% |
| MAMastercard Inc | 3.73% | 0.76% | 2.97% |
| UNHUnitedhealth Group, Inc. | 2.82% | 0.46% | 2.36% |
79.8% of BAFE is already inside RVRB.
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 RVRB?
BAFE has an expense ratio of 0.54% while RVRB charges 0.30%. RVRB is the cheaper option, by $24 a year on a $10,000 investment.
Which is riskier, BAFE or RVRB?
BAFE has been the more volatile fund at 12.3% annualized versus 12.0% for RVRB. Worst drawdown: BAFE -18.4% vs RVRB -19.1%.
Should I hold both BAFE and RVRB?
BAFE and RVRB have a monthly-return correlation of 0.90, 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 RVRB?
79.8% of BAFE's money is in holdings RVRB also owns. 39.3% of RVRB's is in holdings BAFE also owns. They hold 34 positions in common, counted across the 42 positions we hold weights for in BAFE and 493 in RVRB.
Which pays a higher dividend, BAFE or RVRB?
BAFE yields 0.27% while RVRB yields 0.86%, so RVRB currently pays the higher dividend yield.
Is RVRB better than BAFE?
RVRB has a lower expense ratio. RVRB led over 1Y and the full window. The two have moved almost in lockstep, correlation 0.90. RVRB is less concentrated, with 38.2% 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.