BBHLX vs. FAERX
BBHLX (BBH Partner Fund - International Equity) and FAERX (Fidelity Advisor Overseas Fund Class M) are both Foreign Large Cap Equities funds. Over the past 10 years, BBHLX returned 9.10%/yr vs 7.76%/yr for FAERX. A 0.75 correlation means they provide meaningful diversification when combined. BBHLX charges 0.68%/yr vs 1.65%/yr for FAERX.
Performance
BBHLX vs. FAERX - Performance Comparison
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Returns By Period
Over the past 10 years, BBHLX has outperformed FAERX with an annualized return of 9.10%, while FAERX has yielded a comparatively lower 7.76% annualized return.
BBHLX
- 1D
- 0.36%
- 1M
- 0.14%
- YTD
- 7.94%
- 6M
- 7.62%
- 1Y
- 15.49%
- 3Y*
- 15.58%
- 5Y*
- 3.79%
- 10Y*
- 9.10%
FAERX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- -1.83%
- 3Y*
- 8.72%
- 5Y*
- 2.85%
- 10Y*
- 7.76%
BBHLX vs. FAERX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBHLX BBH Partner Fund - International Equity | 7.94% | 26.19% | 7.97% | 14.37% | -24.22% | 1.76% | 24.07% | 30.02% | -9.65% | 20.49% |
FAERX Fidelity Advisor Overseas Fund Class M | 0.00% | 14.70% | 4.40% | 19.78% | -24.77% | 18.63% | 14.43% | 27.14% | -15.25% | 29.37% |
Correlation
The correlation between BBHLX and FAERX is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 3, 1995 | 0.75 |
Over the past year, the correlation between BBHLX and FAERX has dropped to 0.49 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
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Return for Risk
BBHLX vs. FAERX — Risk / Return Rank
BBHLX
FAERX
BBHLX vs. FAERX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BBH Partner Fund - International Equity (BBHLX) and Fidelity Advisor Overseas Fund Class M (FAERX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BBHLX | FAERX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.18 | ||
| Sortino ratioReturn per unit of downside risk | +1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.95 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.23 | -0.34 | +1.57 |
| Martin ratioReturn relative to average drawdown | 4.34 | -0.55 | +4.89 |
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Drawdowns
BBHLX vs. FAERX - Drawdown Comparison
The maximum BBHLX drawdown since its inception was -53.11%, smaller than the maximum FAERX drawdown of -60.14%. Use the drawdown chart below to compare losses from any high point for BBHLX and FAERX.
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Drawdown Indicators
| BBHLX | FAERX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.11% | -60.14% | +7.03% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -7.29% | -5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -16.89% | -14.00% | -2.89% |
Max Drawdown (5Y)Largest decline over 5 years | -40.57% | -36.62% | -3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -40.57% | -36.62% | -3.95% |
Current DrawdownCurrent decline from peak | -3.10% | -5.89% | +2.79% |
Average DrawdownAverage peak-to-trough decline | -13.10% | -14.36% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 4.19% | -0.69% |
Volatility
BBHLX vs. FAERX - Volatility Comparison
BBH Partner Fund - International Equity (BBHLX) has a higher volatility of 6.57% compared to Fidelity Advisor Overseas Fund Class M (FAERX) at 0.00%. This indicates that BBHLX's price experiences larger fluctuations and is considered to be riskier than FAERX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBHLX | FAERX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | 0.00% | +6.57% |
Volatility (6M)Calculated over the trailing 6-month period | 14.22% | 3.50% | +10.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.98% | 8.72% | +8.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.92% | 16.72% | +3.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.12% | 16.37% | +1.75% |
BBHLX vs. FAERX - Expense Ratio Comparison
BBHLX has a 0.68% expense ratio, which is lower than FAERX's 1.65% expense ratio.
Dividends
BBHLX vs. FAERX - Dividend Comparison
BBHLX's dividend yield for the trailing twelve months is around 1.59%, less than FAERX's 7.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBHLX BBH Partner Fund - International Equity | 1.59% | 1.72% | 0.96% | 0.89% | 0.49% | 12.97% | 2.79% | 1.63% | 7.98% | 7.98% | 1.98% | 2.03% |
FAERX Fidelity Advisor Overseas Fund Class M | 7.94% | 7.94% | 0.96% | 0.51% | 0.12% | 2.07% | 0.00% | 1.15% | 4.25% | 3.35% | 0.80% | 0.09% |
Frequently Asked Questions
BBHLX and FAERX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBHLX has higher volatility (6.57%) compared to FAERX (0.00%). In terms of maximum drawdown, BBHLX dropped -53.11% vs FAERX's -60.14%.
BBHLX currently has the higher Sharpe Ratio (0.90 vs -0.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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