BIAHX vs. FSEU.L

Last updated Apr 2, 2026

Compare and contrast key facts about Brown Advisory - WMC Strategic European Equity Fund (BIAHX) and iShares Edge MSCI Europe Multifactor UCITS (FSEU.L).

BIAHX is managed by Brown Advisory Funds. It was launched on Oct 20, 2013. FSEU.L is a passively managed fund by iShares that tracks the performance of the MSCI Europe NR EUR. It was launched on Sep 4, 2015.

Performance

BIAHX vs. FSEU.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brown Advisory - WMC Strategic European Equity Fund (BIAHX) and iShares Edge MSCI Europe Multifactor UCITS (FSEU.L). The values are adjusted to include any dividend payments, if applicable.

BIAHX vs. FSEU.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BIAHX Brown Advisory - WMC Strategic European Equity Fund	-2.69%	47.26%	10.85%	19.36%	-11.95%	14.54%	11.34%	29.43%	-16.60%	32.37%
FSEU.L iShares Edge MSCI Europe Multifactor UCITS	3.18%	36.70%	7.42%	22.85%	-20.10%	17.34%	8.25%	23.04%	-15.23%	27.77%

Different Trading Currencies

BIAHX is traded in USD, while FSEU.L is traded in GBp. To make them comparable, the FSEU.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, BIAHX achieves a -2.69% return, which is significantly lower than FSEU.L's 3.18% return. Over the past 10 years, BIAHX has outperformed FSEU.L with an annualized return of 11.69%, while FSEU.L has yielded a comparatively lower 9.77% annualized return.

BIAHX

• 1D: 2.78%
• 1M: -6.61%
• YTD: -2.69%
• 6M: 0.89%
• 1Y: 23.54%
• 3Y*: 19.59%
• 5Y*: 12.97%
• 10Y*: 11.69%

FSEU.L

• 1D: 3.13%
• 1M: -3.25%
• YTD: 3.18%
• 6M: 9.34%
• 1Y: 26.86%
• 3Y*: 18.98%
• 5Y*: 10.65%
• 10Y*: 9.77%

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

BIAHX vs. FSEU.L - Expense Ratio Comparison

BIAHX has a 1.19% expense ratio, which is higher than FSEU.L's 0.45% expense ratio.

BIAHX

Brown Advisory - WMC Strategic European Equity Fund

FSEU.L

iShares Edge MSCI Europe Multifactor UCITS

Return for Risk

BIAHX vs. FSEU.L — Risk / Return Rank

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

BIAHX

BIAHX Risk / Return Rank: 75
BIAHX Sharpe Ratio Rank: 82
BIAHX Sortino Ratio Rank: 79
BIAHX Omega Ratio Rank: 78
BIAHX Calmar Ratio Rank: 70
BIAHX Martin Ratio Rank: 68

FSEU.L

FSEU.L Risk / Return Rank: 83
FSEU.L Sharpe Ratio Rank: 83
FSEU.L Sortino Ratio Rank: 82
FSEU.L Omega Ratio Rank: 84
FSEU.L Calmar Ratio Rank: 85
FSEU.L Martin Ratio Rank: 82

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.

BIAHX vs. FSEU.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brown Advisory - WMC Strategic European Equity Fund (BIAHX) and iShares Edge MSCI Europe Multifactor UCITS (FSEU.L). 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.

	BIAHX	FSEU.L	Difference
Sharpe ratio Return per unit of total volatility	1.58	1.62	-0.04
Sortino ratio Return per unit of downside risk	2.09	2.15	-0.06
Omega ratio Gain probability vs. loss probability	1.31	1.32	-0.01
Calmar ratio Return relative to maximum drawdown	1.74	2.63	-0.89
Martin ratio Return relative to average drawdown	6.91	9.56	-2.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BIAHX vs. FSEU.L - Sharpe Ratio Comparison

The current BIAHX Sharpe Ratio is 1.58, which is comparable to the FSEU.L Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of BIAHX and FSEU.L, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BIAHX	FSEU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.58	1.62	-0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.81	0.62	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.68	0.56	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.52	+0.05

Correlation

The correlation between BIAHX and FSEU.L is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

BIAHX vs. FSEU.L - Dividend Comparison

BIAHX's dividend yield for the trailing twelve months is around 7.81%, while FSEU.L has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BIAHX Brown Advisory - WMC Strategic European Equity Fund	7.81%	7.60%	5.16%	1.13%	2.66%	9.72%	6.39%	9.78%	12.12%	0.83%	1.19%
FSEU.L iShares Edge MSCI Europe Multifactor UCITS	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

BIAHX vs. FSEU.L - Drawdown Comparison

The maximum BIAHX drawdown since its inception was -34.90%, smaller than the maximum FSEU.L drawdown of -38.64%. Use the drawdown chart below to compare losses from any high point for BIAHX and FSEU.L.

Drawdown Indicators

	BIAHX	FSEU.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.90%	-29.40%	-5.50%
Max Drawdown (1Y) Largest decline over 1 year	-13.18%	-9.35%	-3.83%
Max Drawdown (5Y) Largest decline over 5 years	-30.95%	-20.33%	-10.62%
Max Drawdown (10Y) Largest decline over 10 years	-34.90%	-29.40%	-5.50%
Current Drawdown Current decline from peak	-10.18%	-4.32%	-5.86%
Average Drawdown Average peak-to-trough decline	-6.02%	-4.19%	-1.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	2.37%	+0.94%

Volatility

BIAHX vs. FSEU.L - Volatility Comparison

Brown Advisory - WMC Strategic European Equity Fund (BIAHX) has a higher volatility of 6.71% compared to iShares Edge MSCI Europe Multifactor UCITS (FSEU.L) at 6.14%. This indicates that BIAHX's price experiences larger fluctuations and is considered to be riskier than FSEU.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BIAHX	FSEU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.71%	6.14%	+0.57%
Volatility (6M) Calculated over the trailing 6-month period	9.78%	10.56%	-0.78%
Volatility (1Y) Calculated over the trailing 1-year period	15.19%	16.56%	-1.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.17%	17.05%	-0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.19%	17.61%	-0.42%