BINV vs. BSMC

Last updated Jun 4, 2026

BINV (Brandes International ETF) and BSMC (Brandes U.S. Small-Mid Cap Value ETF) are both exchange-traded funds - BINV is a Foreign Large Cap Equities fund actively managed by Brandes, while BSMC is a Small Cap Value Equities fund actively managed by Brandes. Both are actively managed. Over the past year, BINV returned 22.43% vs 24.26% for BSMC. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.70% expense ratio.

Performance

BINV vs. BSMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brandes International ETF (BINV) and Brandes U.S. Small-Mid Cap Value ETF (BSMC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BINV achieves a 5.45% return, which is significantly lower than BSMC's 9.25% return.

BINV

• 1D: -1.21%
• 1M: 0.62%
• YTD: 5.45%
• 6M: 7.37%
• 1Y: 22.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSMC

• 1D: -0.46%
• 1M: 0.43%
• YTD: 9.25%
• 6M: 9.99%
• 1Y: 24.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BINV vs. BSMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BINV Brandes International ETF	5.45%	37.84%	7.71%	12.66%
BSMC Brandes U.S. Small-Mid Cap Value ETF	9.25%	15.52%	10.21%	11.69%

Correlation

The correlation between BINV and BSMC is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.72
Correlation (All Time) Calculated using the full available price history since Oct 6, 2023	0.68

The correlation between BINV and BSMC has been stable across timeframes, ranging from 0.68 to 0.72 - a consistent structural relationship.

BINV vs. BSMC - Sectors Allocation Comparison

Sectors	BINV	BSMC
Consumer Defensive	22.1%	13.0%
Healthcare	17.5%	21.3%
Consumer Cyclical	14.2%	6.6%
Technology	11.3%	14.7%
Industrials	10.7%	19.1%
Financial Services	7.8%	10.4%
Communication Services	5.4%	3.9%
Basic Materials	4.8%	3.4%
Energy	2.6%	7.5%
Real Estate	2.0%	-
Utilities	1.6%	-

Return for Risk

BINV vs. BSMC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BINV

BINV Risk / Return Rank: 44
BINV Sharpe Ratio Rank: 46
BINV Sortino Ratio Rank: 47
BINV Omega Ratio Rank: 45
BINV Calmar Ratio Rank: 40
BINV Martin Ratio Rank: 42

BSMC

BSMC Risk / Return Rank: 52
BSMC Sharpe Ratio Rank: 49
BSMC Sortino Ratio Rank: 52
BSMC Omega Ratio Rank: 47
BSMC Calmar Ratio Rank: 55
BSMC Martin Ratio Rank: 56

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BINV vs. BSMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brandes International ETF (BINV) and Brandes U.S. Small-Mid Cap Value ETF (BSMC). 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.

	BINV	BSMC	Difference
Sharpe ratio Return per unit of total volatility	1.62	1.68	-0.06
Sortino ratio Return per unit of downside risk	2.35	2.50	-0.15
Omega ratio Gain probability vs. loss probability	1.29	1.29	-0.01
Calmar ratio Return relative to maximum drawdown	1.96	2.70	-0.74
Martin ratio Return relative to average drawdown	6.79	9.57	-2.78
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BINV vs. BSMC - Sharpe Ratio Comparison

The current BINV Sharpe Ratio is 1.62, which is comparable to the BSMC Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of BINV and BSMC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BINV	BSMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	1.68	-0.06
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	1.13	+0.49

Drawdowns

BINV vs. BSMC - Drawdown Comparison

The maximum BINV drawdown since its inception was -14.91%, smaller than the maximum BSMC drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for BINV and BSMC.

Drawdown Indicators

	BINV	BSMC	Difference
Max Drawdown Largest peak-to-trough decline	-14.91%	-19.15%	+4.24%
Max Drawdown (1Y) Largest decline over 1 year	-11.50%	-9.02%	-2.48%
Current Drawdown Current decline from peak	-5.31%	-1.95%	-3.36%
Average Drawdown Average peak-to-trough decline	-2.44%	-2.68%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.31%	2.54%	+0.77%

Volatility

BINV vs. BSMC - Volatility Comparison

Brandes International ETF (BINV) and Brandes U.S. Small-Mid Cap Value ETF (BSMC) have volatilities of 4.15% and 3.97%, 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.

Volatility by Period

	BINV	BSMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	3.97%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	10.97%	10.06%	+0.91%
Volatility (1Y) Calculated over the trailing 1-year period	13.89%	14.52%	-0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.77%	16.09%	-1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.77%	16.09%	-1.32%

BINV vs. BSMC - Expense Ratio Comparison

Both BINV and BSMC have an expense ratio of 0.70%.

Dividends

BINV vs. BSMC - Dividend Comparison

BINV's dividend yield for the trailing twelve months is around 2.08%, more than BSMC's 0.95% yield.

Position	TTM	2025	2024	2023
BINV Brandes International ETF	2.08%	2.23%	2.40%	0.28%
BSMC Brandes U.S. Small-Mid Cap Value ETF	0.95%	1.17%	1.02%	0.15%

Frequently Asked Questions

Can I hold both BINV and BSMC in my portfolio?

BINV and BSMC have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BINV or BSMC?

BINV has higher volatility (4.15%) compared to BSMC (3.97%). In terms of maximum drawdown, BINV dropped -14.91% vs BSMC's -19.15%.

Which ETF is better, BINV or BSMC?

On 1-year performance, BSMC leads with 24.26% vs 22.43% for BINV. Both ETFs have the same 0.70% expense ratio. On volatility, BSMC has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BINV or BSMC?

Over the 1-year period, BSMC has performed better with a 24.26% return vs 22.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BINV or BSMC?

BINV and BSMC have the same expense ratio: 0.70% per year.

Which ETF pays a higher dividend yield, BINV or BSMC?

BINV has the higher dividend yield at 2.08%, compared with 0.95% for BSMC.

What is the main difference between BINV and BSMC?

BINV is categorized as Foreign Large Cap Equities, while BSMC is Small Cap Value Equities.

Which has better risk-adjusted returns?

BSMC currently has the higher Sharpe Ratio (1.68 vs 1.62), 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.