- Issuer
- Brandes
- Inception Date
- Oct 3, 2023
- Category
- Large Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $293M
Share Price Chart
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Performance
BUSA Performance Chart
Brandes U.S. Value ETF (BUSA) is up 7.0% since the beginning of the year. BUSA is currently trading at $39 per share.
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Returns By Period
Brandes U.S. Value ETF (BUSA) has returned 6.95% so far this year and 20.92% over the past 12 months.
Brandes U.S. Value ETF
- 1D
- -0.13%
- 1M
- 0.04%
- YTD
- 6.95%
- 6M
- 6.40%
- 1Y
- 20.92%
- 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%
BUSA Monthly Returns History
Based on dividend-adjusted daily data since Oct 5, 2023, BUSA's average daily return is +0.07%, while the average monthly return is +1.53%. At this rate, an investment would double in approximately 3.8 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2024 with a return of +7.4%, while the worst month was Dec 2024 at -6.4%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 2 months.
On a daily basis, BUSA closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +6.3%, while the worst single day was Apr 4, 2025 at -5.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.43% | 2.69% | -5.21% | 5.27% | -0.14% | 0.09% | 6.95% | ||||||
| 2025 | 4.95% | 1.16% | -1.89% | -4.88% | 3.08% | 4.51% | -1.26% | 5.09% | 0.82% | -0.69% | 3.63% | 2.29% | 17.56% |
| 2024 | 1.70% | 4.05% | 5.82% | -4.30% | 1.87% | -0.69% | 6.03% | 1.01% | -0.14% | -0.66% | 7.42% | -6.44% | 15.76% |
| 2023 | -1.49% | 6.02% | 6.21% | 10.92% |
Benchmark Metrics
Brandes U.S. Value ETF has an annualized alpha of 3.66%, beta of 0.69, and R2 of 0.60 versus S&P 500 Index. Calculated based on daily prices since October 05, 2023.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (79.42%) than losses (79.24%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 3.66% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.69 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 3.66%
- Beta
- 0.69
- R²
- 0.60
- Upside Capture
- 79.42%
- Downside Capture
- 79.24%
Expense Ratio
BUSA has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BUSA ranks 54 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. Value ETF (BUSA) 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.
| BUSA | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.24 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.76 | 2.78 | -0.02 |
| Martin ratioReturn relative to average drawdown | 9.33 | 12.44 | -3.11 |
Dividends
Dividend History
Brandes U.S. Value ETF provided a 1.48% dividend yield over the last twelve months, with an annual payout of $0.58 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.58 | $0.56 | $0.43 | $0.06 |
Dividend yield | 1.48% | 1.53% | 1.37% | 0.22% |
Monthly Dividends
The table displays the monthly dividend distributions for Brandes U.S. 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 | $0.13 | $0.00 | $0.00 | $0.00 | $0.13 | ||||||
| 2025 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.17 | $0.56 |
| 2024 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.15 | $0.43 |
| 2023 | $0.06 | $0.06 |
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. 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. Value ETF was 14.19%, occurring on Apr 8, 2025. Recovery took 57 trading sessions.
The current Brandes U.S. Value ETF drawdown is 2.92%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -14.19%Apr 2025 | 4mo 7d | 2mo 24d | 7mo 1dDec 2024 - Jul 2025 |
2026 pullback2026 | -7.61%Mar 2026 | 1mo 9d | 2mo 16d | 3mo 25dFeb 2026 - Jun 2026 |
2024 pullback2024 | -6.29%Aug 2024 | 5d | 24d | 29dJul 2024 - Aug 2024 |
2023 pullback2023 | -6.02%Oct 2023 | 9d | 18d | 27dOct 2023 - Nov 2023 |
2024 pullback2024 | -5.66%Apr 2024 | 16d | 3mo | 3mo 16dApr 2024 - Jul 2024 |
Drawdown Indicators
| BUSA | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.19% | -56.78% | +42.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.61% | -9.10% | +1.49% |
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 | -2.92% | -1.80% | -1.12% |
Average DrawdownAverage peak-to-trough decline | -2.12% | -10.71% | +8.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.25% | 2.03% | +0.22% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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