IAF vs. BNIVX

Last updated Aug 1, 2026

IAF (Abrdn Australia Equity Fund Inc) and BNIVX (Barrow Hanley International Value Fund) are both Foreign Large Cap Equities funds. Over the past year, IAF returned 7.12% vs 29.36% for BNIVX. Their 0.45 correlation means their historical movements had little consistent relationship. IAF charges 0.02%/yr vs 0.92%/yr for BNIVX.

Performance

IAF vs. BNIVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Abrdn Australia Equity Fund Inc (IAF) and Barrow Hanley International Value Fund (BNIVX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IAF achieves a 4.40% return, which is significantly lower than BNIVX's 20.34% return.

IAF

• 1D: -0.85%
• 1M: 3.23%
• 6M: -3.45%
• YTD: 4.40%
• 1Y: 7.12%
• 3Y*: 10.18%
• 5Y*: 2.81%
• 10Y*: 8.06%
• ALL TIME*: 5.78%

BNIVX

• 1D: 2.91%
• 1M: -0.13%
• 6M: 11.49%
• YTD: 20.34%
• 1Y: 29.36%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.34%

*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)
BNIVX Barrow Hanley International Value Fund	$0.00	$0.00	$0.00
IAF Abrdn Australia Equity Fund Inc	$158.87K	$172.86K	$233.82K

IAF vs. BNIVX - Yearly Performance Comparison

	2026 (YTD)	2025
IAF Abrdn Australia Equity Fund Inc	4.40%	13.72%
BNIVX Barrow Hanley International Value Fund	20.34%	16.97%

Correlation

The correlation between IAF and BNIVX is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (All Time) Calculated using the full available price history since Apr 28, 2025	0.45

Return for Risk

IAF vs. BNIVX — Risk / Return Rank

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

IAF

IAF Risk / Return Rank: 9
IAF Sharpe Ratio Rank: 9
IAF Sortino Ratio Rank: 9
IAF Omega Ratio Rank: 9
IAF Calmar Ratio Rank: 9
IAF Martin Ratio Rank: 8

BNIVX

BNIVX Risk / Return Rank: 79
BNIVX Sharpe Ratio Rank: 79
BNIVX Sortino Ratio Rank: 73
BNIVX Omega Ratio Rank: 75
BNIVX Calmar Ratio Rank: 88
BNIVX Martin Ratio Rank: 83

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.

IAF vs. BNIVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abrdn Australia Equity Fund Inc (IAF) and Barrow Hanley International Value Fund (BNIVX). 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.

	IAF	BNIVX	Difference
Sharpe ratio: Return per unit of total volatility	0.38	1.91	-1.53
Sortino ratio: Return per unit of downside risk	0.64	2.56	-1.92
Omega ratio: Gain probability vs. loss probability	1.08	1.34	-0.26
Calmar ratio: Return relative to maximum drawdown	0.43	3.21	-2.79
Martin ratio: Return relative to average drawdown	0.99	10.61	-9.61

IAF vs. BNIVX - Sharpe Ratio Comparison

The current IAF Sharpe Ratio is 0.38, which is lower than the BNIVX Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of IAF and BNIVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IAF vs. BNIVX - Drawdown Comparison

The maximum IAF drawdown since its inception was -67.68%, which is greater than BNIVX's maximum drawdown of -10.94%. Use the drawdown chart below to compare losses from any high point for IAF and BNIVX.

Drawdown Indicators

	IAF	BNIVX	Difference
Max Drawdown Largest peak-to-trough decline	-67.68%	-10.94%	-56.74%
Max Drawdown (1Y) Largest decline over 1 year	-16.18%	-10.94%	-5.24%
Max Drawdown (3Y) Largest decline over 3 years	-23.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.95%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-43.93%	—	—
Current Drawdown Current decline from peak	-6.85%	-2.37%	-4.48%
Average Drawdown Average peak-to-trough decline	-22.76%	-1.88%	-20.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.94%	3.07%	+3.87%

Volatility

IAF vs. BNIVX - Volatility Comparison

The current volatility for Abrdn Australia Equity Fund Inc (IAF) is 3.83%, while Barrow Hanley International Value Fund (BNIVX) has a volatility of 5.05%. This indicates that IAF experiences smaller price fluctuations and is considered to be less risky than BNIVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IAF	BNIVX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.83%	5.05%	-1.22%
Volatility (6M) Calculated over the trailing 6-month period	14.91%	14.22%	+0.69%
Volatility (1Y) Calculated over the trailing 1-year period	18.25%	18.50%	-0.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.67%	17.37%	+5.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.63%	17.37%	+5.26%

IAF vs. BNIVX - Expense Ratio Comparison

IAF has a 0.02% expense ratio, which is lower than BNIVX's 0.92% expense ratio.

Dividends

IAF vs. BNIVX - Dividend Comparison

IAF's dividend yield for the trailing twelve months is around 11.42%, while BNIVX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BNIVX Barrow Hanley International Value Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
IAF Abrdn Australia Equity Fund Inc	11.42%	11.30%	11.69%	11.32%	12.53%	10.25%	9.68%	10.54%	13.26%	10.05%	11.99%	14.31%

Frequently Asked Questions

Can I hold both IAF and BNIVX in my portfolio?

IAF and BNIVX have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IAF or BNIVX?

BNIVX has higher volatility (5.05%) compared to IAF (3.83%). In terms of maximum drawdown, IAF dropped -67.68% vs BNIVX's -10.94%.

Which has better risk-adjusted returns?

BNIVX currently has the higher Sharpe Ratio (1.91 vs 0.38), 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.