FSEU.L vs. BIAHX
FSEU.L (iShares Edge MSCI Europe Multifactor UCITS) and BIAHX (Brown Advisory - WMC Strategic European Equity Fund) are both Europe Equities funds. Over the past 10 years, FSEU.L returned 10.82%/yr vs 12.41%/yr for BIAHX. A 0.74 correlation means they provide meaningful diversification when combined. FSEU.L charges 0.45%/yr vs 1.19%/yr for BIAHX.
Performance
FSEU.L vs. BIAHX - Performance Comparison
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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 9.29% return, which is significantly higher than BIAHX's 0.01% return. Over the past 10 years, FSEU.L has underperformed BIAHX with an annualized return of 10.82%, while BIAHX has yielded a comparatively higher 12.41% annualized return.
FSEU.L
- 1D
- 0.52%
- 1M
- 1.83%
- YTD
- 9.29%
- 6M
- 12.30%
- 1Y
- 23.28%
- 3Y*
- 18.33%
- 5Y*
- 10.74%
- 10Y*
- 10.82%
BIAHX
- 1D
- -0.87%
- 1M
- -0.21%
- YTD
- 0.01%
- 6M
- 1.14%
- 1Y
- 11.17%
- 3Y*
- 17.89%
- 5Y*
- 12.95%
- 10Y*
- 12.41%
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 | 9.29% | 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 | 0.01% | 36.77% | 12.78% | 13.39% | -1.48% | 15.63% | 8.07% | 24.51% | -11.66% | 20.92% |
Correlation
The correlation between FSEU.L and BIAHX is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Sep 9, 2015 | 0.74 |
The correlation between FSEU.L and BIAHX shifts across timeframes, from 0.64 (1 year) to 0.74 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FSEU.L vs. BIAHX — Risk / Return Rank
FSEU.L
BIAHX
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 ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.18 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 0.99 | +1.71 |
| Martin ratioReturn relative to average drawdown | 10.05 | 3.28 | +6.77 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FSEU.L | BIAHX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | 0.98 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.79 | 1.01 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.74 | 0.83 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.76 | -0.02 |
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.
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Drawdown Indicators
| FSEU.L | BIAHX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.40% | -27.23% | -2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -8.57% | -11.19% | +2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -12.08% | -11.19% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -20.33% | -15.53% | -4.80% |
Max Drawdown (10Y)Largest decline over 10 years | -29.40% | -27.23% | -2.17% |
Current DrawdownCurrent decline from peak | -0.47% | -6.48% | +6.01% |
Average DrawdownAverage peak-to-trough decline | -4.14% | -3.67% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 3.37% | -1.06% |
Volatility
FSEU.L vs. BIAHX - Volatility Comparison
The current volatility for iShares Edge MSCI Europe Multifactor UCITS (FSEU.L) is 3.39%, while Brown Advisory - WMC Strategic European Equity Fund (BIAHX) has a volatility of 3.98%. This indicates that FSEU.L experiences smaller price fluctuations and is considered to be less risky than BIAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FSEU.L | BIAHX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 3.98% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 9.44% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.53% | 11.36% | +0.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.57% | 12.91% | +0.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.65% | 14.95% | -0.30% |
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.
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 7.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
BIAHX Brown Advisory - WMC Strategic European Equity Fund | 7.63% | 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% |
Frequently Asked Questions
FSEU.L and BIAHX have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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