BCSIX vs. SPY
Compare and contrast key facts about Brown Capital Management Small Company Fund (BCSIX) and State Street SPDR S&P 500 ETF (SPY).
BCSIX is managed by BlackRock. It was launched on Jul 23, 1992. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
BCSIX vs. SPY - Performance Comparison
Loading graphics...
BCSIX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BCSIX Brown Capital Management Small Company Fund | -21.99% | -57.15% | 9.86% | 19.16% | -37.85% | -4.26% | 45.23% | 29.22% | -0.57% | 28.90% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, BCSIX achieves a -21.99% return, which is significantly lower than SPY's -4.37% return. Over the past 10 years, BCSIX has underperformed SPY with an annualized return of -3.29%, while SPY has yielded a comparatively higher 13.98% annualized return.
BCSIX
- 1D
- 0.59%
- 1M
- -8.96%
- YTD
- -21.99%
- 6M
- -62.81%
- 1Y
- -60.19%
- 3Y*
- -26.21%
- 5Y*
- -22.62%
- 10Y*
- -3.29%
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BCSIX vs. SPY - Expense Ratio Comparison
BCSIX has a 1.25% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
BCSIX vs. SPY — Risk / Return Rank
BCSIX
SPY
BCSIX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brown Capital Management Small Company Fund (BCSIX) and State Street SPDR S&P 500 ETF (SPY). 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.
| BCSIX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -1.06 | 0.93 | -1.98 |
Sortino ratioReturn per unit of downside risk | -1.26 | 1.45 | -2.71 |
Omega ratioGain probability vs. loss probability | 0.65 | 1.22 | -0.57 |
Calmar ratioReturn relative to maximum drawdown | -0.95 | 1.53 | -2.48 |
Martin ratioReturn relative to average drawdown | -1.98 | 7.30 | -9.28 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BCSIX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -1.06 | 0.93 | -1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.50 | 0.69 | -1.19 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | 0.78 | -0.87 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.56 | -0.32 |
Correlation
The correlation between BCSIX and SPY is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BCSIX vs. SPY - Dividend Comparison
BCSIX has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.14%.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCSIX Brown Capital Management Small Company Fund | 0.00% | 0.00% | 52.70% | 9.36% | 12.04% | 9.32% | 7.46% | 8.62% | 6.85% | 5.94% | 5.54% | 9.15% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
BCSIX vs. SPY - Drawdown Comparison
The maximum BCSIX drawdown since its inception was -79.03%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BCSIX and SPY.
Loading graphics...
Drawdown Indicators
| BCSIX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.03% | -55.19% | -23.84% |
Max Drawdown (1Y)Largest decline over 1 year | -64.24% | -12.05% | -52.19% |
Max Drawdown (5Y)Largest decline over 5 years | -79.03% | -24.50% | -54.53% |
Max Drawdown (10Y)Largest decline over 10 years | -79.03% | -33.72% | -45.31% |
Current DrawdownCurrent decline from peak | -78.90% | -6.24% | -72.66% |
Average DrawdownAverage peak-to-trough decline | -13.57% | -9.09% | -4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 30.84% | 2.52% | +28.32% |
Volatility
BCSIX vs. SPY - Volatility Comparison
Brown Capital Management Small Company Fund (BCSIX) has a higher volatility of 6.52% compared to State Street SPDR S&P 500 ETF (SPY) at 5.31%. This indicates that BCSIX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| BCSIX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.52% | 5.31% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 75.03% | 9.47% | +65.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 58.33% | 19.05% | +39.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.44% | 17.06% | +28.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.22% | 17.92% | +18.30% |