BGVIX vs. BISAX
BGVIX (Brandes Global Equity Fund) and BISAX (Brandes International Small Cap Equity Fund) are both mutual funds - BGVIX is a Global Equities fund managed by Brandes, while BISAX is a Foreign Small & Mid Cap Equities fund managed by Brandes. Over the past 10 years, BGVIX returned 11.72%/yr vs 11.60%/yr for BISAX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. BGVIX charges 1.00%/yr vs 1.36%/yr for BISAX.
Performance
BGVIX vs. BISAX - Performance Comparison
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Returns By Period
In the year-to-date period, BGVIX achieves a 7.31% return, which is significantly lower than BISAX's 7.90% return. Both investments have delivered pretty close results over the past 10 years, with BGVIX having a 11.72% annualized return and BISAX not far behind at 11.60%.
BGVIX
- 1D
- -0.19%
- 1M
- 3.09%
- 6M
- 3.35%
- YTD
- 7.31%
- 1Y
- 25.22%
- 3Y*
- 19.77%
- 5Y*
- 13.81%
- 10Y*
- 11.72%
- ALL TIME*
- 9.26%
BISAX
- 1D
- 1.47%
- 1M
- 7.60%
- 6M
- 3.33%
- YTD
- 7.90%
- 1Y
- 14.05%
- 3Y*
- 28.43%
- 5Y*
- 19.03%
- 10Y*
- 11.60%
- ALL TIME*
- 11.22%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
BGVIX vs. BISAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BGVIX Brandes Global Equity Fund | 7.31% | 33.72% | 12.53% | 21.71% | -5.97% | 21.20% | 1.97% | 17.38% | -10.39% | 16.23% |
BISAX Brandes International Small Cap Equity Fund | 7.90% | 45.50% | 23.18% | 39.03% | -8.68% | 18.39% | 4.62% | 6.80% | -20.13% | 11.52% |
Correlation
The correlation between BGVIX and BISAX is 0.76, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.76 |
Correlation (3Y) Balances recent behavior with more history. | 0.76 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.80 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2012 | 0.79 |
The correlation between BGVIX and BISAX has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.
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Return for Risk
BGVIX vs. BISAX — Risk / Return Rank
BGVIX
BISAX
BGVIX vs. BISAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes Global Equity Fund (BGVIX) and Brandes International Small Cap Equity Fund (BISAX). 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.
| BGVIX | BISAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.75 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.20 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.47 | 1.20 | +1.27 |
| Martin ratioReturn relative to average drawdown | 8.21 | 2.77 | +5.43 |
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Drawdowns
BGVIX vs. BISAX - Drawdown Comparison
The maximum BGVIX drawdown since its inception was -41.16%, smaller than the maximum BISAX drawdown of -47.30%. Use the drawdown chart below to compare losses from any high point for BGVIX and BISAX.
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Drawdown Indicators
| BGVIX | BISAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.16% | -47.30% | +6.14% |
Max Drawdown (1Y)Largest decline over 1 year | -9.03% | -11.63% | +2.60% |
Max Drawdown (3Y)Largest decline over 3 years | -14.22% | -11.63% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -25.37% | -31.44% | +6.07% |
Max Drawdown (10Y)Largest decline over 10 years | -41.16% | -47.30% | +6.14% |
Current DrawdownCurrent decline from peak | -0.19% | -1.00% | +0.81% |
Average DrawdownAverage peak-to-trough decline | -6.28% | -8.04% | +1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 5.03% | -2.30% |
Volatility
BGVIX vs. BISAX - Volatility Comparison
Brandes Global Equity Fund (BGVIX) and Brandes International Small Cap Equity Fund (BISAX) have volatilities of 3.32% and 3.44%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BGVIX | BISAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 3.44% | -0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.23% | 10.76% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.18% | 12.86% | -0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.07% | 13.89% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.18% | 14.13% | +3.05% |
BGVIX vs. BISAX - Expense Ratio Comparison
BGVIX has a 1.00% expense ratio, which is lower than BISAX's 1.36% expense ratio.
Dividends
BGVIX vs. BISAX - Dividend Comparison
BGVIX's dividend yield for the trailing twelve months is around 11.56%, more than BISAX's 3.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BGVIX Brandes Global Equity Fund | 11.56% | 12.41% | 9.13% | 4.80% | 3.31% | 6.00% | 2.98% | 2.46% | 6.99% | 4.02% | 2.07% | 8.51% |
BISAX Brandes International Small Cap Equity Fund | 3.41% | 3.23% | 3.06% | 2.81% | 3.87% | 3.46% | 0.81% | 0.66% | 3.88% | 8.33% | 4.00% | 3.44% |
Frequently Asked Questions
BGVIX and BISAX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BISAX has higher volatility (3.44%) compared to BGVIX (3.32%). In terms of maximum drawdown, BGVIX dropped -41.16% vs BISAX's -47.30%.
BGVIX currently has the higher Sharpe Ratio (1.84 vs 1.09), 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.
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