FAOSX vs. BCIIX

Last updated Aug 1, 2026

FAOSX (Fidelity Advisor Overseas Fund Class Z) and BCIIX (Brown Capital Management International Equity Fund) are both Foreign Large Cap Equities funds. Their 0.78 correlation means they have sometimes moved together and sometimes differently. FAOSX charges 1.02%/yr vs 1.25%/yr for BCIIX.

Performance

FAOSX vs. BCIIX - Performance Comparison

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

Returns By Period

FAOSX

• 1D: 0.00%
• 1M: 0.00%
• 6M: 0.00%
• YTD: 0.00%
• 1Y: -0.26%
• 3Y*: 7.96%
• 5Y*: 2.86%
• 10Y*: —
• ALL TIME*: 8.10%

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)
FAOSX Fidelity Advisor Overseas Fund Class Z	$0.00	$0.00	$0.00

FAOSX vs. BCIIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FAOSX Fidelity Advisor Overseas Fund Class Z	0.00%	15.36%	5.06%	20.52%	-24.31%	19.42%	15.17%	27.96%	-14.73%	26.25%
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%	21.01%

Correlation

The correlation between FAOSX and BCIIX is 0.39, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.39
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.77
Correlation (All Time) Calculated using the full available price history since Feb 1, 2017	0.78

Over the past year, the correlation between FAOSX and BCIIX has dropped to 0.39 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.

Return for Risk

FAOSX vs. BCIIX — Risk / Return Rank

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

FAOSX

FAOSX Risk / Return Rank: 2
FAOSX Sharpe Ratio Rank: 2
FAOSX Sortino Ratio Rank: 2
FAOSX Omega Ratio Rank: 1
FAOSX Calmar Ratio Rank: 2
FAOSX Martin Ratio Rank: 3

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.

FAOSX vs. BCIIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Advisor Overseas Fund Class Z (FAOSX) 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.

	FAOSX	BCIIX	Difference
Sharpe ratio: Return per unit of total volatility	-0.30	—	—
Sortino ratio: Return per unit of downside risk	-0.37	—	—
Omega ratio: Gain probability vs. loss probability	0.93	—	—
Calmar ratio: Return relative to maximum drawdown	-0.32	—	—
Martin ratio: Return relative to average drawdown	-0.48	—	—

Drawdowns

Drawdown Indicators

	FAOSX	BCIIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.24%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-7.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.24%	—	—
Current Drawdown Current decline from peak	-5.86%	—	—
Average Drawdown Average peak-to-trough decline	-7.90%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	4.48%	—	—

Volatility

Volatility by Period

	FAOSX	BCIIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.00%	—	—
Volatility (6M) Calculated over the trailing 6-month period	0.00%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	7.68%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.65%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.56%	—	—

FAOSX vs. BCIIX - Expense Ratio Comparison

FAOSX has a 1.02% expense ratio, which is lower than BCIIX's 1.25% expense ratio.

Dividends

FAOSX vs. BCIIX - Dividend Comparison

FAOSX's dividend yield for the trailing twelve months is around 8.67%, 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%
FAOSX Fidelity Advisor Overseas Fund Class Z	8.67%	8.67%	1.80%	1.12%	0.85%	2.07%	0.00%	1.70%	5.30%	3.93%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FAOSX and BCIIX in my portfolio?

FAOSX and BCIIX have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.