BBHLX vs. FAOAX
BBHLX (BBH Partner Fund - International Equity) and FAOAX (Fidelity Advisor Overseas Fund Class A) are both Foreign Large Cap Equities funds. Over the past 10 years, BBHLX returned 8.58%/yr vs 7.56%/yr for FAOAX. A 0.76 correlation means they provide meaningful diversification when combined. BBHLX charges 0.68%/yr vs 1.43%/yr for FAOAX.
Performance
BBHLX vs. FAOAX - Performance Comparison
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Returns By Period
Over the past 10 years, BBHLX has outperformed FAOAX with an annualized return of 8.58%, while FAOAX has yielded a comparatively lower 7.56% annualized return.
BBHLX
- 1D
- -0.22%
- 1M
- -1.10%
- 6M
- 4.51%
- YTD
- 9.44%
- 1Y
- 14.70%
- 3Y*
- 14.28%
- 5Y*
- 4.63%
- 10Y*
- 8.58%
FAOAX
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- 0.00%
- YTD
- 0.00%
- 1Y
- -3.21%
- 3Y*
- 7.55%
- 5Y*
- 3.13%
- 10Y*
- 7.56%
BBHLX vs. FAOAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BBHLX BBH Partner Fund - International Equity | 9.44% | 26.19% | 7.97% | 14.37% | -24.22% | 1.76% | 24.07% | 30.02% | -9.65% | 20.49% |
FAOAX Fidelity Advisor Overseas Fund Class A | 0.00% | 14.93% | 4.63% | 20.01% | -24.61% | 18.90% | 14.71% | 27.39% | -15.10% | 29.66% |
Correlation
The correlation between BBHLX and FAOAX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
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 | 0.76 |
Over the past year, the correlation between BBHLX and FAOAX has dropped to 0.46 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.
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Return for Risk
BBHLX vs. FAOAX — Risk / Return Rank
BBHLX
FAOAX
BBHLX vs. FAOAX - 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 A (FAOAX). 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 | FAOAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.28 | ||
| Sortino ratioReturn per unit of downside risk | +1.81 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 0.92 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | -0.41 | +1.69 |
| Martin ratioReturn relative to average drawdown | 4.47 | -0.63 | +5.10 |
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Drawdowns
BBHLX vs. FAOAX - Drawdown Comparison
The maximum BBHLX drawdown since its inception was -53.11%, smaller than the maximum FAOAX drawdown of -60.03%. Use the drawdown chart below to compare losses from any high point for BBHLX and FAOAX.
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Drawdown Indicators
| BBHLX | FAOAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.11% | -60.03% | +6.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.34% | -7.29% | -5.05% |
Max Drawdown (3Y)Largest decline over 3 years | -16.89% | -13.99% | -2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -40.57% | -36.50% | -4.07% |
Max Drawdown (10Y)Largest decline over 10 years | -40.57% | -36.50% | -4.07% |
Current DrawdownCurrent decline from peak | -2.39% | -5.87% | +3.48% |
Average DrawdownAverage peak-to-trough decline | -13.07% | -14.53% | +1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.53% | 4.37% | -0.84% |
Volatility
BBHLX vs. FAOAX - Volatility Comparison
BBH Partner Fund - International Equity (BBHLX) has a higher volatility of 5.05% compared to Fidelity Advisor Overseas Fund Class A (FAOAX) at 0.00%. This indicates that BBHLX's price experiences larger fluctuations and is considered to be riskier than FAOAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BBHLX | FAOAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.05% | 0.00% | +5.05% |
Volatility (6M)Calculated over the trailing 6-month period | 14.40% | 1.52% | +12.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 8.17% | +9.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.96% | 16.69% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 16.28% | +1.81% |
BBHLX vs. FAOAX - Expense Ratio Comparison
BBHLX has a 0.68% expense ratio, which is lower than FAOAX's 1.43% expense ratio.
Dividends
BBHLX vs. FAOAX - Dividend Comparison
BBHLX's dividend yield for the trailing twelve months is around 1.57%, less than FAOAX's 8.54% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BBHLX BBH Partner Fund - International Equity | 1.57% | 1.72% | 0.96% | 0.89% | 0.49% | 12.97% | 2.79% | 1.63% | 7.98% | 7.98% | 1.98% | 2.03% |
FAOAX Fidelity Advisor Overseas Fund Class A | 8.54% | 8.54% | 1.33% | 0.74% | 0.38% | 2.12% | 0.00% | 1.37% | 4.64% | 3.64% | 1.75% | 0.38% |
Frequently Asked Questions
BBHLX and FAOAX have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BBHLX has higher volatility (5.05%) compared to FAOAX (0.00%). In terms of maximum drawdown, BBHLX dropped -53.11% vs FAOAX's -60.03%.
BBHLX currently has the higher Sharpe Ratio (0.92 vs -0.36), 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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