- ISIN
- US1087474037
- CUSIP
- 108747403
- Issuer
- Bridgeway
- Inception Date
- Jul 31, 1997
- Category
- Small Cap Value Equities
- Min. Investment
- $2,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
BRSIX Performance Chart
Bridgeway Ultra Small Company Market Fund (BRSIX) is up 19.7% since the beginning of the year. BRSIX is currently trading at $18 per share. Investors who bought $1,000 worth of BRSIX shares 5 years ago would now be looking at an investment worth $1,021.
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Returns By Period
Bridgeway Ultra Small Company Market Fund (BRSIX) has returned 19.73% so far this year and 57.56% over the past 12 months. Over the last ten years, BRSIX has returned 8.54% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Bridgeway Ultra Small Company Market Fund
- 1D
- 2.05%
- 1M
- 1.88%
- YTD
- 19.73%
- 6M
- 17.66%
- 1Y
- 57.56%
- 3Y*
- 20.38%
- 5Y*
- 0.42%
- 10Y*
- 8.54%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
BRSIX Monthly Returns History
Based on dividend-adjusted daily data since Jul 31, 1997, BRSIX's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +24.9%, while the worst month was Mar 2020 at -26.3%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BRSIX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +9.3%, while the worst single day was Dec 15, 2021 at -19.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.45% | 1.38% | -5.21% | 12.70% | 7.09% | -0.22% | 19.73% | ||||||
| 2025 | -0.70% | -6.78% | -10.62% | -1.31% | 7.77% | 7.65% | 1.72% | 9.40% | 5.65% | 2.15% | 3.06% | 2.41% | 20.09% |
| 2024 | -2.03% | 7.67% | 2.18% | -9.35% | 3.08% | -4.92% | 11.17% | -2.66% | 0.17% | 0.26% | 14.19% | -3.30% | 14.92% |
| 2023 | 13.46% | -5.25% | -7.26% | -1.96% | 0.90% | 4.85% | 7.08% | -7.31% | -6.08% | -7.49% | 6.46% | 17.41% | 11.46% |
| 2022 | -6.07% | 0.16% | 1.87% | -8.24% | -2.66% | -7.44% | 3.88% | 0.71% | -11.47% | 6.68% | 0.28% | -2.45% | -23.43% |
| 2021 | 15.61% | 12.15% | 1.04% | -1.57% | 4.79% | 2.99% | -6.53% | 2.67% | -0.85% | -0.91% | -5.68% | -20.77% | -1.93% |
Benchmark Metrics
Bridgeway Ultra Small Company Market Fund has an annualized alpha of 4.00%, beta of 0.84, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since July 31, 1997.
- This fund captured 109.43% of S&P 500 Index gains but only 99.73% of its losses - a favorable profile for investors.
- This fund generated an annualized alpha of 4.00% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 4.00%
- Beta
- 0.84
- R²
- 0.56
- Upside Capture
- 109.43%
- Downside Capture
- 99.73%
Expense Ratio
BRSIX has an expense ratio of 0.78%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BRSIX ranks 76 for risk / return — better than 76% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Bridgeway Ultra Small Company Market Fund (BRSIX) and compare them to S&P 500 Index.
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.
| BRSIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.35 | ||
| Sortino ratioReturn per unit of downside risk | +0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.98 | 2.78 | +2.20 |
| Martin ratioReturn relative to average drawdown | 14.96 | 12.44 | +2.52 |
Dividends
Dividend History
Bridgeway Ultra Small Company Market Fund provided a 0.86% dividend yield over the last twelve months, with an annual payout of $0.16 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.16 | $0.16 | $0.08 | $0.10 | $0.22 | $0.18 | $0.49 | $0.15 | $1.65 | $1.96 | $1.19 | $1.65 |
Dividend yield | 0.86% | 1.03% | 0.62% | 0.89% | 2.12% | 1.32% | 3.46% | 1.30% | 16.12% | 13.71% | 8.25% | 12.77% |
Monthly Dividends
The table displays the monthly dividend distributions for Bridgeway Ultra Small Company Market Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.16 | $0.16 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.08 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | $0.10 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.22 | $0.22 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Bridgeway Ultra Small Company Market Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Bridgeway Ultra Small Company Market Fund was 61.79%, occurring on Mar 9, 2009. Recovery took 979 trading sessions.
The current Bridgeway Ultra Small Company Market Fund drawdown is 2.76%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -61.79%Mar 2009 | 1y 8mo | 3y 10mo | 5y 6moJul 2007 - Jan 2013 |
COVID crash2020 | -54.09%Mar 2020 | 1y 8mo | 8mo 24d | 2y 5moJul 2018 - Dec 2020 |
2023 bear market2023 | -54.05%Oct 2023 | 2y 7mo | — | 5y 3moMar 2021 - now |
1998 bear market1998 | -39.23%Oct 1998 | 5mo 6d | 1y 2mo | 1y 7moMay 1998 - Dec 1999 |
2016 bear market2016 | -25.76%Feb 2016 | 10mo 1d | 9mo 9d | 1y 7moApr 2015 - Nov 2016 |
Drawdown Indicators
| BRSIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -61.79% | -56.78% | -5.01% |
Max Drawdown (1Y)Largest decline over 1 year | -11.46% | -9.10% | -2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -30.80% | -18.90% | -11.90% |
Max Drawdown (5Y)Largest decline over 5 years | -53.66% | -25.43% | -28.23% |
Max Drawdown (10Y)Largest decline over 10 years | -54.09% | -33.92% | -20.17% |
Current DrawdownCurrent decline from peak | -2.76% | -1.80% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -15.62% | -10.71% | -4.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.81% | 2.03% | +1.78% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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