BCIIX vs. BCSVX

Last updated Jun 3, 2026

BCIIX (Brown Capital Management International Equity Fund) and BCSVX (Brown Capital Management International Small Company Fund) are both mutual funds - BCIIX is a Foreign Large Cap Equities fund managed by Brown Capital Management, while BCSVX is a Foreign Small & Mid Cap Equities fund managed by Brown Capital Management. Over the past 10 years, BCIIX returned 2.98%/yr vs 7.38%/yr for BCSVX. Their correlation of 0.84 suggests significant overlap in exposure. BCIIX charges 1.25%/yr vs 1.31%/yr for BCSVX.

Performance

BCIIX vs. BCSVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown Capital Management International Equity Fund (BCIIX) and Brown Capital Management International Small Company Fund (BCSVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BCIIX achieves a -8.07% return, which is significantly higher than BCSVX's -10.01% return. Over the past 10 years, BCIIX has underperformed BCSVX with an annualized return of 2.98%, while BCSVX has yielded a comparatively higher 7.38% annualized return.

BCIIX

• 1D: 1.53%
• 1M: 1.06%
• YTD: -8.07%
• 6M: -7.85%
• 1Y: -16.10%
• 3Y*: 1.25%
• 5Y*: -3.54%
• 10Y*: 2.98%

BCSVX

• 1D: 1.57%
• 1M: 2.60%
• YTD: -10.01%
• 6M: -10.72%
• 1Y: -18.84%
• 3Y*: 1.18%
• 5Y*: -3.36%
• 10Y*: 7.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BCIIX vs. BCSVX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCIIX Brown Capital Management International Equity Fund	-8.07%	-0.24%	-0.83%	28.36%	-31.37%	7.46%	24.49%	21.59%	-11.98%	23.62%
BCSVX Brown Capital Management International Small Company Fund	-10.01%	-2.30%	8.17%	20.04%	-31.56%	12.69%	44.75%	26.41%	-3.39%	36.56%

Correlation

The correlation between BCIIX and BCSVX is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.84
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016	0.84

The correlation between BCIIX and BCSVX has been stable across timeframes, ranging from 0.84 to 0.89 - a consistent structural relationship.

Return for Risk

BCIIX vs. BCSVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BCIIX

BCIIX Risk / Return Rank: 1
BCIIX Sharpe Ratio Rank: 1
BCIIX Sortino Ratio Rank: 1
BCIIX Omega Ratio Rank: 1
BCIIX Calmar Ratio Rank: 1
BCIIX Martin Ratio Rank: 1

BCSVX

BCSVX Risk / Return Rank: 1
BCSVX Sharpe Ratio Rank: 0
BCSVX Sortino Ratio Rank: 0
BCSVX Omega Ratio Rank: 1
BCSVX Calmar Ratio Rank: 1
BCSVX Martin Ratio Rank: 1

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BCIIX vs. BCSVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Capital Management International Equity Fund (BCIIX) and Brown Capital Management International Small Company Fund (BCSVX). 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.

	BCIIX	BCSVX	Difference
Sharpe ratio Return per unit of total volatility	-0.94	-1.08	+0.14
Sortino ratio Return per unit of downside risk	-1.24	-1.47	+0.22
Omega ratio Gain probability vs. loss probability	0.86	0.83	+0.03
Calmar ratio Return relative to maximum drawdown	-0.58	-0.55	-0.04
Martin ratio Return relative to average drawdown	-1.19	-1.06	-0.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BCIIX vs. BCSVX - Sharpe Ratio Comparison

The current BCIIX Sharpe Ratio is -0.94, which is comparable to the BCSVX Sharpe Ratio of -1.08. The chart below compares the historical Sharpe Ratios of BCIIX and BCSVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BCIIX	BCSVX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.94	-1.08	+0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.20	-0.18	-0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.18	0.43	-0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.21	0.45	-0.24

Drawdowns

BCIIX vs. BCSVX - Drawdown Comparison

The maximum BCIIX drawdown since its inception was -61.12%, which is greater than BCSVX's maximum drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for BCIIX and BCSVX.

Drawdown Indicators

	BCIIX	BCSVX	Difference
Max Drawdown Largest peak-to-trough decline	-61.12%	-43.93%	-17.19%
Max Drawdown (1Y) Largest decline over 1 year	-25.62%	-32.35%	+6.73%
Max Drawdown (3Y) Largest decline over 3 years	-25.62%	-32.35%	+6.73%
Max Drawdown (5Y) Largest decline over 5 years	-43.22%	-43.93%	+0.71%
Max Drawdown (10Y) Largest decline over 10 years	-43.22%	-43.93%	+0.71%
Current Drawdown Current decline from peak	-24.45%	-25.03%	+0.58%
Average Drawdown Average peak-to-trough decline	-16.15%	-12.11%	-4.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	12.55%	16.75%	-4.20%

Volatility

BCIIX vs. BCSVX - Volatility Comparison

The current volatility for Brown Capital Management International Equity Fund (BCIIX) is 3.95%, while Brown Capital Management International Small Company Fund (BCSVX) has a volatility of 4.48%. This indicates that BCIIX experiences smaller price fluctuations and is considered to be less risky than BCSVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BCIIX	BCSVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.95%	4.48%	-0.53%
Volatility (6M) Calculated over the trailing 6-month period	13.02%	13.78%	-0.76%
Volatility (1Y) Calculated over the trailing 1-year period	16.42%	16.86%	-0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.19%	18.65%	-0.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.25%	17.13%	-0.88%

BCIIX vs. BCSVX - Expense Ratio Comparison

BCIIX has a 1.25% expense ratio, which is lower than BCSVX's 1.31% expense ratio.

Dividends

BCIIX vs. BCSVX - Dividend Comparison

BCIIX has not paid dividends to shareholders, while BCSVX's dividend yield for the trailing twelve months is around 0.42%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCIIX Brown Capital Management International Equity Fund	0.00%	0.00%	0.00%	0.00%	1.18%	0.64%	2.99%	0.62%	0.80%	0.77%	1.84%	0.31%
BCSVX Brown Capital Management International Small Company Fund	0.42%	0.00%	0.00%	0.00%	0.00%	5.07%	0.74%	0.30%	0.31%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BCIIX and BCSVX in my portfolio?

BCIIX and BCSVX have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BCIIX or BCSVX?

BCSVX has higher volatility (4.48%) compared to BCIIX (3.95%). In terms of maximum drawdown, BCIIX dropped -61.12% vs BCSVX's -43.93%.

Which has better risk-adjusted returns?

BCIIX currently has the higher Sharpe Ratio (-0.94 vs -1.08), 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.