BCSSX vs. BCIIX

Last updated Aug 1, 2026

BCSSX (Brown Capital Management Small Company Fund Institutional Shares) and BCIIX (Brown Capital Management International Equity Fund) are both mutual funds - BCSSX is a Small Cap Growth Equities fund actively managed by Brown Capital Management, while BCIIX is a Foreign Large Cap Equities fund managed by Brown Capital Management. Their 0.56 correlation means they have sometimes moved together and sometimes differently. BCSSX charges 1.12%/yr vs 1.25%/yr for BCIIX.

Performance

BCSSX vs. BCIIX - Performance Comparison

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

Returns By Period

BCSSX

• 1D: 0.50%
• 1M: 1.70%
• 6M: 14.43%
• YTD: 6.02%
• 1Y: 3.27%
• 3Y*: -0.50%
• 5Y*: -5.96%
• 10Y*: 6.20%
• ALL TIME*: 9.58%

BCIIX

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

*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)
BCSSX Brown Capital Management Small Company Fund Institutional Shares	$0.00	$0.00	$0.00

BCSSX vs. BCIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BCSSX Brown Capital Management Small Company Fund Institutional Shares	6.02%	-12.18%	10.05%	19.40%	-37.77%	-4.06%	45.51%	29.49%	-0.37%	29.16%
BCIIX Brown Capital Management International Equity Fund	-13.18%	-0.24%	-0.83%	28.36%	-31.37%	7.46%	24.49%	21.59%	-11.98%	23.62%

Correlation

The correlation between BCSSX and BCIIX is 0.62, 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.	0.62
Correlation (3Y) Balances recent behavior with more history.	0.67
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (10Y) Provides a long-term view across more market conditions.	0.58
Correlation (All Time) Calculated using the full available price history since Dec 15, 2011	0.56

The correlation between BCSSX and BCIIX shifts across timeframes, from 0.56 (all time) to 0.67 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

BCSSX vs. BCIIX — Risk / Return Rank

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

BCSSX

BCSSX Risk / Return Rank: 5
BCSSX Sharpe Ratio Rank: 5
BCSSX Sortino Ratio Rank: 5
BCSSX Omega Ratio Rank: 5
BCSSX Calmar Ratio Rank: 5
BCSSX Martin Ratio Rank: 5

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

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.

BCSSX vs. BCIIX - Risk-Adjusted Trends Comparison

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

	BCSSX	BCIIX	Difference
Sharpe ratio: Return per unit of total volatility	0.07	—	—
Sortino ratio: Return per unit of downside risk	0.27	—	—
Omega ratio: Gain probability vs. loss probability	1.03	—	—
Calmar ratio: Return relative to maximum drawdown	0.06	—	—
Martin ratio: Return relative to average drawdown	0.15	—	—

Drawdowns

Drawdown Indicators

	BCSSX	BCIIX	Difference
Max Drawdown Largest peak-to-trough decline	-55.58%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-26.65%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-55.58%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-55.58%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-55.58%	—	—
Current Drawdown Current decline from peak	-39.30%	—	—
Average Drawdown Average peak-to-trough decline	-16.12%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	11.56%	—	—

Volatility

Volatility by Period

	BCSSX	BCIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.16%	—	—
Volatility (6M) Calculated over the trailing 6-month period	18.17%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	23.02%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.49%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.36%	—	—

BCSSX vs. BCIIX - Expense Ratio Comparison

BCSSX has a 1.12% expense ratio, which is lower than BCIIX's 1.25% expense ratio.

Dividends

BCSSX vs. BCIIX - Dividend Comparison

BCSSX's dividend yield for the trailing twelve months is around 89.88%, while BCIIX has not paid dividends to shareholders.

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%
BCSSX Brown Capital Management Small Company Fund Institutional Shares	89.88%	95.29%	49.47%	8.99%	11.63%	9.04%	7.27%	8.43%	6.72%	5.85%	5.48%	9.07%

Frequently Asked Questions

Can I hold both BCSSX and BCIIX in my portfolio?

BCSSX and BCIIX have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.