BAFE vs IVV
BAFE vs IVV
Brown Advisory Flexible Equity ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | BAFE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.54% | 0.03% | |
| AUM | $1.7B | $865.2B | |
| Dividend Yield | 0.28% | 1.09% | |
| Holdings | 45 | 508 | |
| YTD Return | +10.94% | +13.80% | |
| 1Y Return | +17.25% | +23.70% | |
| 3Y Return (annualized) | - | +21.49% | |
| 5Y Return (annualized) | - | +13.43% | |
| Volatility (annualized) | 13.8% | 15.1% | |
| Max Drawdown | -18.4% | -56.5% | |
| Fund Family | Brown Advisory | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Nov 18, 2024 | May 15, 2000 |
BAFE vs IVV Performance
Brown Advisory Flexible Equity ETF (BAFE) is a ETF from Brown Advisory and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year BAFE returned +17.25% while IVV returned +23.70%. Year to date, BAFE is up 10.94% versus a gain of 13.80% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 13.8% 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 -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
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 IVV charges 0.03%. On a $10,000 position that is $54 vs $3 annually, a gap of $51 per year that compounds over a long holding period. On income, BAFE currently yields 0.28% against 1.09% for IVV.
Holdings Overlap
BAFE and IVV share 34 holdings out of 515 unique holdings combined, representing a 29.7% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in BAFE | Weight in IVV | Difference |
|---|---|---|---|
| NVDA | 3.22% | 7.76% | 4.54% |
| MSFT | 5.04% | 4.57% | 0.47% |
| AAPL | 1.97% | 7.44% | 5.47% |
| AMZN | Pro | Pro | Pro |
| GOOGL | Pro | Pro | Pro |
| META | Pro | Pro | Pro |
| GOOG | Pro | Pro | Pro |
| V | Pro | Pro | Pro |
| BRK.B | Pro | Pro | Pro |
| MA | Pro | Pro | Pro |
See all 10 holdings BAFE shares with IVV Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, BAFE or IVV?
BAFE has an expense ratio of 0.54% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $51 per year of difference.
Which performed better, BAFE or IVV?
Over the past year BAFE returned +17.25% vs +23.70% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), BAFE annualized +11.99% vs +7.05% for IVV. Past performance does not guarantee future results.
Which is riskier, BAFE or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 13.8% for BAFE. Worst drawdown: BAFE -18.4% vs IVV -56.5%.
Should I hold both BAFE and IVV?
BAFE and IVV have a monthly-return correlation of 0.90, so they move almost identically. Holding both adds little diversification - most investors pick one, usually on fees or the specific index tracked.
What is the holdings overlap between BAFE and IVV?
BAFE and IVV share 34 common holdings with a 29.7% weight overlap. Combined, they hold 515 unique securities.
Which pays a higher dividend, BAFE or IVV?
BAFE yields 0.28% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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