BAFE vs GDE
Brown Advisory Flexible Equity ETF vs WisdomTree Efficient Gold Plus Equity Strategy Fund
Which is better, BAFE or GDE?
Each has led over a different period.
GDE has a lower expense ratio. BAFE led over 1Y, GDE over the full window. GDE is less concentrated, with 38.0% of the fund in its ten largest positions against 45.7%.
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 | GDE |
|---|---|---|
| Expense Ratio | 0.54% | 0.20%Best |
| AUM | $1.7B | $381M |
| Dividend Yield | 0.27% | 17.11% |
| Holdings | 87 | 1,017 |
| YTD Return | +10.96%Best | -15.20% |
| 1Y Return | +13.58%Best | -12.23% |
| 3Y Return (annualized) | - | +34.03% |
| Volatility (annualized) | 12.9%Best | 27.6% |
| Max Drawdown | -18.4%Best | -32.9% |
| $10,000 over 2 years | $12,173 | $14,918Best |
| Top 10 Weight | 45.7% | 38.0%Best |
| Fund Family | Brown Advisory | WisdomTree Investments |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Nov 18, 2024 | Mar 17, 2022 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 2 years row, are measured over the window both funds cover: Nov 18, 2024 to Nov 11, 2026 (2 years).
BAFE vs GDE 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 2 years both funds cover.
BAFE vs GDE Performance
Brown Advisory Flexible Equity ETF (BAFE) is an ETF from Brown Advisory and WisdomTree Efficient Gold Plus Equity Strategy Fund (GDE) is an ETF from WisdomTree Investments. Over the past year BAFE returned +13.58% while GDE returned -12.23%. Year to date, BAFE is up 10.96% versus a loss of 15.20% for GDE.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
GDE has been the more volatile fund, with annualized monthly volatility of 27.6% compared with 12.9% 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 -32.9% for GDE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.34. They move together some of the time, and apart the rest.
Fees and Cost Over Time
BAFE charges 0.54% per year while GDE charges 0.20%. On a $10,000 position that is $54 vs $20 annually, a gap of $34 per year that compounds over a long holding period. On income, BAFE currently yields 0.27% against 17.11% for GDE.
Holdings Overlap
61.9% of BAFE's money is in holdings GDE also owns. 33.8% of GDE's money is in holdings BAFE also owns.
The two portfolios partly overlap.
27 positions in common, counted across the 42 positions we hold weights for in BAFE and 492 in GDE, against full books of 87 and 1,017.
What only one of them owns
Our book lists 443 positions for GDE that do not appear in our book for BAFE (62.4% of the fund), and 10 for BAFE that do not appear in GDE (21.2%).
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 GDE | Difference |
|---|---|---|---|
| MSFTMicrosoft Corp | 6.70% | 6.08% | 0.62% |
| NVDANvidia Corp | 3.68% | 8.25% | 4.57% |
| AAPLApple Inc | 1.90% | 7.89% | 5.99% |
| AMZNAmazon.Com Inc | 4.46% | 3.99% | 0.47% |
| VVisa Inc Class A | 4.50% | 1.21% | 3.29% |
| MAMastercard Inc | 3.97% | 0.87% | 3.10% |
| BRK.BBerkshire Hathaway Inc Brk/B Us Equity | 2.53% | 1.72% | 0.81% |
| UNHUnitedhealth Group, Inc. | 2.82% | 0.53% | 2.29% |
| URIUnited Rentals Inc. | 2.73% | 0.11% | 2.62% |
| KKRKkr & Co. Inc. Class A | 2.67% | 0.11% | 2.56% |
61.9% of BAFE is already inside GDE.
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 GDE?
BAFE has an expense ratio of 0.54% while GDE charges 0.20%. GDE is the cheaper option, by $34 a year on a $10,000 investment.
Which performed better, BAFE or GDE?
Over the past year BAFE returned +13.58% vs -12.23% for GDE, so BAFE leads on 1-year performance. Over the longest common window we track (2 years), BAFE annualized +10.33% vs +22.14% for GDE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, BAFE or GDE?
GDE has been the more volatile fund at 27.6% annualized versus 12.9% for BAFE. Worst drawdown: BAFE -18.4% vs GDE -32.9%.
Should I hold both BAFE and GDE?
BAFE and GDE have a monthly-return correlation of 0.34, 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 GDE?
61.9% of BAFE's money is in holdings GDE also owns. 33.8% of GDE's is in holdings BAFE also owns. They hold 27 positions in common, counted across the 42 positions we hold weights for in BAFE and 492 in GDE.
Which pays a higher dividend, BAFE or GDE?
BAFE yields 0.27% while GDE yields 17.11%, so GDE currently pays the higher dividend yield.
Is GDE better than BAFE?
GDE has a lower expense ratio. BAFE led over 1Y, GDE over the full window. GDE is less concentrated, with 38.0% of the fund in its ten largest positions against 45.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.