FSEU.L vs. BIAHX

Last updated Apr 2, 2026

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

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. BIAHX is managed by Brown Advisory Funds. It was launched on Oct 20, 2013.

Performance

FSEU.L vs. BIAHX - Performance Comparison

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

FSEU.L vs. BIAHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FSEU.L iShares Edge MSCI Europe Multifactor UCITS	4.35%	27.11%	9.24%	16.69%	-10.53%	18.42%	5.03%	18.30%	-10.14%	16.67%
BIAHX Brown Advisory - WMC Strategic European Equity Fund	-0.85%	36.77%	12.78%	13.39%	-1.48%	15.63%	8.07%	24.51%	-11.66%	20.92%

Different Trading Currencies

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

Returns By Period

In the year-to-date period, FSEU.L achieves a 4.35% return, which is significantly higher than BIAHX's -0.85% return. Over the past 10 years, FSEU.L has underperformed BIAHX with an annualized return of 10.50%, while BIAHX has yielded a comparatively higher 12.51% annualized return.

FSEU.L

• 1D: 2.45%
• 1M: -2.52%
• YTD: 4.35%
• 6M: 10.75%
• 1Y: 23.22%
• 3Y*: 16.00%
• 5Y*: 11.51%
• 10Y*: 10.50%

BIAHX

• 1D: 2.47%
• 1M: -5.33%
• YTD: -0.85%
• 6M: 2.83%
• 1Y: 20.71%
• 3Y*: 16.84%
• 5Y*: 13.99%
• 10Y*: 12.51%

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

FSEU.L vs. BIAHX - Expense Ratio Comparison

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

BIAHX

Brown Advisory - WMC Strategic European Equity Fund

FSEU.L

iShares Edge MSCI Europe Multifactor UCITS

Return for Risk

FSEU.L vs. BIAHX — Risk / Return Rank

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

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

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

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.

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

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

	FSEU.L	BIAHX	Difference
Sharpe ratio Return per unit of total volatility	1.72	1.68	+0.04
Sortino ratio Return per unit of downside risk	2.26	2.29	-0.03
Omega ratio Gain probability vs. loss probability	1.35	1.33	+0.01
Calmar ratio Return relative to maximum drawdown	2.79	1.80	+0.99
Martin ratio Return relative to average drawdown	10.07	7.79	+2.28
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FSEU.L vs. BIAHX - Sharpe Ratio Comparison

The current FSEU.L Sharpe Ratio is 1.72, which is comparable to the BIAHX Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of FSEU.L and BIAHX, 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

	FSEU.L	BIAHX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	1.68	+0.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	1.10	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.72	0.84	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.72	0.77	-0.05

Correlation

The correlation between FSEU.L and BIAHX is 0.74, 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

FSEU.L vs. BIAHX - Dividend Comparison

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

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
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%
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%

Drawdowns

FSEU.L vs. BIAHX - Drawdown Comparison

The maximum FSEU.L drawdown since its inception was -29.40%, which is greater than BIAHX's maximum drawdown of -27.23%. Use the drawdown chart below to compare losses from any high point for FSEU.L and BIAHX.

Drawdown Indicators

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

Volatility

FSEU.L vs. BIAHX - Volatility Comparison

iShares Edge MSCI Europe Multifactor UCITS (FSEU.L) and Brown Advisory - WMC Strategic European Equity Fund (BIAHX) have volatilities of 5.48% and 5.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FSEU.L	BIAHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.48%	5.58%	-0.10%
Volatility (6M) Calculated over the trailing 6-month period	9.06%	8.44%	+0.62%
Volatility (1Y) Calculated over the trailing 1-year period	13.49%	12.56%	+0.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.61%	12.78%	+0.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.61%	14.88%	-0.27%