BNIVX vs. FHLFX
BNIVX (Barrow Hanley International Value Fund) and FHLFX (Fidelity Series International Index Fund) are both Foreign Large Cap Equities funds. Over the past year, BNIVX returned 32.07% vs 25.40% for FHLFX. A 0.57 correlation means they provide meaningful diversification when combined. BNIVX charges 0.86%/yr vs 0.01%/yr for FHLFX.
Performance
BNIVX vs. FHLFX - Performance Comparison
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Returns By Period
In the year-to-date period, BNIVX achieves a 21.15% return, which is significantly higher than FHLFX's 10.59% return.
BNIVX
- 1D
- 0.27%
- 1M
- 2.82%
- YTD
- 21.15%
- 6M
- 21.84%
- 1Y
- 32.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FHLFX
- 1D
- 0.78%
- 1M
- 1.95%
- YTD
- 10.59%
- 6M
- 11.10%
- 1Y
- 25.40%
- 3Y*
- 16.36%
- 5Y*
- 9.45%
- 10Y*
- —
BNIVX vs. FHLFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BNIVX Barrow Hanley International Value Fund | 21.15% | 16.97% |
FHLFX Fidelity Series International Index Fund | 10.59% | 18.64% |
Correlation
The correlation between BNIVX and FHLFX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025 | 0.57 |
The correlation between BNIVX and FHLFX has been stable across timeframes, ranging from 0.57 to 0.60 - a consistent structural relationship.
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Return for Risk
BNIVX vs. FHLFX — Risk / Return Rank
BNIVX
FHLFX
BNIVX vs. FHLFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Barrow Hanley International Value Fund (BNIVX) 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.
| BNIVX | FHLFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.29 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 2.15 | +1.62 |
| Martin ratioReturn relative to average drawdown | 13.09 | 8.04 | +5.05 |
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Drawdowns
BNIVX vs. FHLFX - Drawdown Comparison
The maximum BNIVX drawdown since its inception was -10.94%, smaller than the maximum FHLFX drawdown of -33.58%. Use the drawdown chart below to compare losses from any high point for BNIVX and FHLFX.
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Drawdown Indicators
| BNIVX | FHLFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.94% | -33.58% | +22.64% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -11.37% | +0.43% |
Max Drawdown (3Y)Largest decline over 3 years | — | -13.62% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -29.36% | — |
Current DrawdownCurrent decline from peak | -1.71% | 0.00% | -1.71% |
Average DrawdownAverage peak-to-trough decline | -1.71% | -6.08% | +4.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.03% | — |
Volatility
BNIVX vs. FHLFX - Volatility Comparison
Barrow Hanley International Value Fund (BNIVX) has a higher volatility of 6.37% compared to Fidelity Series International Index Fund (FHLFX) at 4.91%. This indicates that BNIVX's price experiences larger fluctuations and is considered to be riskier than FHLFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BNIVX | FHLFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.37% | 4.91% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 14.62% | 12.74% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.87% | 15.27% | +2.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 16.06% | +1.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.13% | 17.65% | -0.52% |
BNIVX vs. FHLFX - Expense Ratio Comparison
BNIVX has a 0.86% expense ratio, which is higher than FHLFX's 0.01% expense ratio.
Dividends
BNIVX vs. FHLFX - Dividend Comparison
BNIVX has not paid dividends to shareholders, while FHLFX's dividend yield for the trailing twelve months is around 3.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
BNIVX Barrow Hanley International Value Fund | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FHLFX Fidelity Series International Index Fund | 3.13% | 3.46% | 2.98% | 2.86% | 2.60% | 2.47% | 1.92% | 1.95% | 0.62% |
Frequently Asked Questions
BNIVX and FHLFX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BNIVX has higher volatility (6.37%) compared to FHLFX (4.91%). In terms of maximum drawdown, BNIVX dropped -10.94% vs FHLFX's -33.58%.
BNIVX currently has the higher Sharpe Ratio (2.31 vs 1.60), 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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