BAFE vs TWOX
Brown Advisory Flexible Equity ETF vs iShares Large Cap Accelerated Outcome ETF
Which is better, BAFE or TWOX?
TWOX has been ahead.
TWOX has a lower expense ratio. TWOX led over 1Y and the full window.
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 | TWOX |
|---|---|---|
| Expense Ratio | 0.54% | 0.50%Best |
| AUM | $1.8B | $23M |
| Dividend Yield | 0.27% | 0.47% |
| Holdings | 90 | 7 |
| YTD Return | +9.97%Best | +8.35% |
| 1Y Return | +12.65% | +13.33%Best |
| Volatility (annualized) | 13.0% | 10.2%Best |
| Max Drawdown | -18.4%Best | -19.4% |
| $10,000 over 1.7 years | $11,801 | $12,132Best |
| Fund Family | Brown Advisory | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 18, 2024 | Jan 15, 2025 |
Not shown on this pair: 3Y Return (annualized), 5Y Return (annualized), Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 1.7 years row, are measured over the window both funds cover: Jan 16, 2025 to Oct 14, 2026 (1.7 years).
BAFE vs TWOX 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 1.7 years both funds cover.
BAFE vs TWOX Performance
Brown Advisory Flexible Equity ETF (BAFE) is an ETF from Brown Advisory and iShares Large Cap Accelerated Outcome ETF (TWOX) is an ETF from iShares by BlackRock (US). Over the past year BAFE returned +12.65% while TWOX returned +13.33%. Year to date, BAFE is up 9.97% versus a gain of 8.35% for TWOX.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
BAFE has been the more volatile fund, with annualized monthly volatility of 13.0% compared with 10.2% for TWOX. 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 -19.4% for TWOX. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.85. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
BAFE charges 0.54% per year while TWOX charges 0.50%. On a $10,000 position that is $54 vs $50 annually, a gap of $4 per year that compounds over a long holding period. On income, BAFE currently yields 0.27% against 0.47% for TWOX.
Holdings Overlap
We hold position weights for 42 holdings in BAFE and 3 in TWOX, totalling 98.4% and 102.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 42 positions we hold weights for in BAFE and 3 in TWOX, against full books of 90 and 7.
You are not choosing between two funds in isolation.
Whichever of BAFE and TWOX 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 TWOX?
BAFE has an expense ratio of 0.54% while TWOX charges 0.50%. TWOX is the cheaper option, by $4 a year on a $10,000 investment.
Which performed better, BAFE or TWOX?
Over the past year BAFE returned +12.65% vs +13.33% for TWOX, so TWOX leads on 1-year performance. Over the longest common window we track (2 years), BAFE annualized +10.23% vs +12.04% for TWOX. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BAFE or TWOX?
BAFE has been the more volatile fund at 13.0% annualized versus 10.2% for TWOX. Worst drawdown: BAFE -18.4% vs TWOX -19.4%.
Should I hold both BAFE and TWOX?
BAFE and TWOX have a monthly-return correlation of 0.85, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, BAFE or TWOX?
BAFE yields 0.27% while TWOX yields 0.47%, so TWOX currently pays the higher dividend yield.
Is TWOX better than BAFE?
TWOX has a lower expense ratio. TWOX led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.