- Issuer
- Brandes
- Inception Date
- Oct 3, 2023
- Category
- Small Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Value
- Assets Under Management
- $162M
Share Price Chart
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Performance
BSMC Performance Chart
Brandes U.S. Small-Mid Cap Value ETF (BSMC) is up 9.2% since the beginning of the year. BSMC is currently trading at $38 per share.
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Returns By Period
Brandes U.S. Small-Mid Cap Value ETF (BSMC) has returned 9.16% so far this year and 24.47% over the past 12 months.
Brandes U.S. Small-Mid Cap Value ETF
- 1D
- -0.33%
- 1M
- -0.15%
- YTD
- 9.16%
- 6M
- 8.80%
- 1Y
- 24.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
BSMC Monthly Returns History
Based on dividend-adjusted daily data since Oct 5, 2023, BSMC's average daily return is +0.07%, while the average monthly return is +1.42%. At this rate, an investment would double in approximately 4.1 years.
Historically, 64% of months were positive and 36% were negative. The best month was Jul 2024 with a return of +7.8%, while the worst month was Mar 2026 at -6.1%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, BSMC closed higher 53% of trading days. The best single day was Apr 9, 2025 with a return of +8.2%, while the worst single day was Apr 3, 2025 at -5.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.72% | 5.18% | -6.11% | 5.90% | -1.31% | 0.05% | 9.16% | ||||||
| 2025 | 2.86% | -1.57% | -3.79% | -2.56% | 6.21% | 3.43% | -0.84% | 6.71% | 0.24% | 0.17% | 2.60% | 1.63% | 15.52% |
| 2024 | -1.65% | 4.12% | 4.79% | -4.05% | 2.48% | -2.34% | 7.82% | 0.49% | 1.40% | -3.08% | 5.40% | -4.72% | 10.21% |
| 2023 | -2.27% | 6.42% | 7.39% | 11.69% |
Benchmark Metrics
Brandes U.S. Small-Mid Cap Value ETF has an annualized alpha of -0.08%, beta of 0.80, and R2 of 0.59 versus S&P 500 Index. Calculated based on daily prices since October 05, 2023.
- This ETF participated in 88.95% of S&P 500 Index downside but only 77.66% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.08%
- Beta
- 0.80
- R²
- 0.59
- Upside Capture
- 77.66%
- Downside Capture
- 88.95%
Expense Ratio
BSMC has an expense ratio of 0.70%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BSMC ranks 52 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Brandes U.S. Small-Mid Cap Value ETF (BSMC) 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.
| BSMC | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.35 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.72 | 2.78 | -0.06 |
| Martin ratioReturn relative to average drawdown | 9.63 | 12.44 | -2.80 |
Dividends
Dividend History
Brandes U.S. Small-Mid Cap Value ETF provided a 0.95% dividend yield over the last twelve months, with an annual payout of $0.36 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.36 | $0.41 | $0.31 | $0.04 |
Dividend yield | 0.95% | 1.17% | 1.02% | 0.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Brandes U.S. Small-Mid Cap Value ETF. 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 | $0.08 | $0.00 | $0.00 | $0.00 | $0.08 | ||||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.12 | $0.41 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.09 | $0.31 |
| 2023 | $0.04 | $0.04 |
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 Brandes U.S. Small-Mid Cap Value ETF. 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 Brandes U.S. Small-Mid Cap Value ETF was 19.15%, occurring on Apr 8, 2025. Recovery took 57 trading sessions.
The current Brandes U.S. Small-Mid Cap Value ETF drawdown is 3.03%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -19.15%Apr 2025 | 4mo 13d | 2mo 24d | 7mo 7dNov 2024 - Jul 2025 |
2026 pullback2026 | -9.02%Mar 2026 | 17d | 1mo 17d | 2mo 4dMar 2026 - May 2026 |
2024 pullback2024 | -6.64%Aug 2024 | 4d | 24d | 28dAug 2024 - Aug 2024 |
2024 pullback2024 | -5.98%Apr 2024 | 16d | 29d | 1mo 15dApr 2024 - May 2024 |
2023 pullback2023 | -5.35%Oct 2023 | 9d | 18d | 27dOct 2023 - Nov 2023 |
Drawdown Indicators
| BSMC | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.15% | -56.78% | +37.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.02% | -9.10% | +0.08% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.03% | -1.80% | -1.23% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -10.71% | +8.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 2.03% | +0.52% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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