BCIIX vs. FHLFX

Last updated Aug 1, 2026

BCIIX (Brown Capital Management International Equity Fund) and FHLFX (Fidelity Series International Index Fund) are both Foreign Large Cap Equities funds. Their 0.74 correlation means they have sometimes moved together and sometimes differently. BCIIX charges 1.25%/yr vs 0.01%/yr for FHLFX.

Performance

BCIIX vs. FHLFX - Performance Comparison

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

Returns By Period

BCIIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FHLFX

• 1D: 2.59%
• 1M: 1.98%
• 6M: 7.18%
• YTD: 12.57%
• 1Y: 26.19%
• 3Y*: 16.52%
• 5Y*: 9.60%
• 10Y*: —
• ALL TIME*: 9.44%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FHLFX Fidelity Series International Index Fund	$0.00	$0.00	$0.00

BCIIX vs. FHLFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
BCIIX Brown Capital Management International Equity Fund	-13.18%	-0.24%	-0.83%	28.36%	-31.37%	7.46%	24.49%	21.59%	-15.44%
FHLFX Fidelity Series International Index Fund	12.57%	31.96%	3.67%	18.16%	-14.17%	11.23%	8.09%	21.66%	-10.70%

Correlation

The correlation between BCIIX and FHLFX is 0.70, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.70
Correlation (3Y) Balances recent behavior with more history.	0.75
Correlation (5Y) Shows whether the relationship held over a longer period.	0.76
Correlation (All Time) Calculated using the full available price history since Sep 4, 2018	0.74

The correlation between BCIIX and FHLFX has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.

Return for Risk

BCIIX vs. FHLFX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BCIIX

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

FHLFX

FHLFX Risk / Return Rank: 68
FHLFX Sharpe Ratio Rank: 70
FHLFX Sortino Ratio Rank: 68
FHLFX Omega Ratio Rank: 68
FHLFX Calmar Ratio Rank: 68
FHLFX Martin Ratio Rank: 68

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BCIIX vs. FHLFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Capital Management International Equity Fund (BCIIX) and Fidelity Series International Index Fund (FHLFX). 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.

	BCIIX	FHLFX	Difference
Sharpe ratio: Return per unit of total volatility	—	1.61	—
Sortino ratio: Return per unit of downside risk	—	2.29	—
Omega ratio: Gain probability vs. loss probability	—	1.29	—
Calmar ratio: Return relative to maximum drawdown	—	2.19	—
Martin ratio: Return relative to average drawdown	—	8.31	—

Drawdowns

Drawdown Indicators

	BCIIX	FHLFX	Difference
Max Drawdown Largest peak-to-trough decline	—	-33.58%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-11.37%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.62%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-29.36%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-6.01%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.00%	—

Volatility

Volatility by Period

	BCIIX	FHLFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	13.23%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.54%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	16.11%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	17.62%	—

BCIIX vs. FHLFX - Expense Ratio Comparison

BCIIX has a 1.25% expense ratio, which is higher than FHLFX's 0.01% expense ratio.

Dividends

BCIIX vs. FHLFX - Dividend Comparison

BCIIX has not paid dividends to shareholders, while FHLFX's dividend yield for the trailing twelve months is around 3.07%.

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%
FHLFX Fidelity Series International Index Fund	3.07%	3.46%	2.98%	2.86%	2.60%	2.47%	1.92%	1.95%	0.62%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both BCIIX and FHLFX in my portfolio?

BCIIX and FHLFX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.