BAFE vs SPIN
Brown Advisory Flexible Equity ETF vs State Street US Equity Premium Income ETF
Which is better, BAFE or SPIN?
BAFE has been ahead.
SPIN 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 47.1%.
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 | SPIN |
|---|---|---|
| Expense Ratio | 0.54% | 0.25%Best |
| AUM | $1.8B | $47M |
| Dividend Yield | 0.27% | 4.88% |
| Holdings | 90 | 101 |
| YTD Return | +9.97%Best | +3.68% |
| 1Y Return | +12.65%Best | +7.62% |
| Volatility (annualized) | 13.2% | 8.9%Best |
| Max Drawdown | -18.4% | -16.9%Best |
| $10,000 over 1.9 years | $12,035Best | $11,802 |
| Top 10 Weight | 45.4%Best | 47.1% |
| Fund Family | Brown Advisory | State Street Investment Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 18, 2024 | Sep 4, 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 SPIN 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 SPIN Performance
Brown Advisory Flexible Equity ETF (BAFE) is an ETF from Brown Advisory and State Street US Equity Premium Income ETF (SPIN) is an ETF from State Street Investment Management. Over the past year BAFE returned +12.65% while SPIN returned +7.62%. Year to date, BAFE is up 9.97% versus a gain of 3.68% for SPIN.
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 8.9% for SPIN. 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 -16.9% for SPIN. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BAFE charges 0.54% per year while SPIN charges 0.25%. On a $10,000 position that is $54 vs $25 annually, a gap of $29 per year that compounds over a long holding period. On income, BAFE currently yields 0.27% against 4.88% for SPIN.
Holdings Overlap
50.6% of BAFE's money is in holdings SPIN also owns. 46.3% of SPIN's money is in holdings BAFE also owns.
The two portfolios partly overlap.
17 positions in common, counted across the 42 positions we hold weights for in BAFE and 96 in SPIN, against full books of 90 and 101.
What only one of them owns
Our book lists 78 positions for SPIN that do not appear in our book for BAFE (52.9% of the fund), and 20 for BAFE that do not appear in SPIN (32.2%).
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 SPIN | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.49% | 7.24% | 0.75% |
| NVDANvidia Corp | 3.84% | 9.71% | 5.87% |
| AMZNAmazon.Com Inc | 4.42% | 4.93% | 0.51% |
| GOOGLAlphabet Inc | 3.72% | 5.48% | 1.76% |
| AAPLApple, Inc | 1.90% | 5.97% | 4.07% |
| METAMeta Platforms Inc | 4.60% | 3.07% | 1.53% |
| VVisa Inc Class A | 4.22% | 1.48% | 2.74% |
| MAMastercard Inc | 3.73% | 0.93% | 2.80% |
| GOOGAlphabet Inc. C | 3.54% | 0.81% | 2.73% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 3.11% | 1.05% | 2.06% |
50.6% of BAFE is already inside SPIN.
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 SPIN?
BAFE has an expense ratio of 0.54% while SPIN charges 0.25%. SPIN is the cheaper option, by $29 a year on a $10,000 investment.
Which performed better, BAFE or SPIN?
Over the past year BAFE returned +12.65% vs +7.62% for SPIN, so BAFE leads on 1-year performance. Over the longest common window we track (2 years), BAFE annualized +10.24% vs +9.11% for SPIN. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BAFE or SPIN?
BAFE has been the more volatile fund at 13.2% annualized versus 8.9% for SPIN. Worst drawdown: BAFE -18.4% vs SPIN -16.9%.
Should I hold both BAFE and SPIN?
BAFE and SPIN have a monthly-return correlation of 0.79, 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 SPIN?
50.6% of BAFE's money is in holdings SPIN also owns. 46.3% of SPIN's is in holdings BAFE also owns. They hold 17 positions in common, counted across the 42 positions we hold weights for in BAFE and 96 in SPIN.
Which pays a higher dividend, BAFE or SPIN?
BAFE yields 0.27% while SPIN yields 4.88%, so SPIN currently pays the higher dividend yield.
Is SPIN better than BAFE?
SPIN 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 47.1%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.