BRAGX vs. BRUSX

Last updated Jun 4, 2026

BRAGX (Bridgeway Aggressive Investors 1 Fund) and BRUSX (Bridgeway Ultra Small Company Fund) are both mutual funds - BRAGX is a Mid Cap Blend Equities fund managed by Bridgeway, while BRUSX is a Small Cap Value Equities fund managed by Bridgeway. Over the past 10 years, BRAGX returned 10.96%/yr vs 9.35%/yr for BRUSX. A 0.76 correlation means they provide meaningful diversification when combined. BRAGX charges 0.39%/yr vs 1.26%/yr for BRUSX.

Performance

BRAGX vs. BRUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bridgeway Aggressive Investors 1 Fund (BRAGX) and Bridgeway Ultra Small Company Fund (BRUSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BRAGX achieves a 13.63% return, which is significantly higher than BRUSX's 10.33% return. Over the past 10 years, BRAGX has outperformed BRUSX with an annualized return of 10.96%, while BRUSX has yielded a comparatively lower 9.35% annualized return.

BRAGX

• 1D: 0.86%
• 1M: 4.93%
• YTD: 13.63%
• 6M: 14.90%
• 1Y: 28.19%
• 3Y*: 28.17%
• 5Y*: 11.49%
• 10Y*: 10.96%

BRUSX

• 1D: 0.26%
• 1M: 3.14%
• YTD: 10.33%
• 6M: 10.83%
• 1Y: 28.90%
• 3Y*: 16.22%
• 5Y*: 2.63%
• 10Y*: 9.35%

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

BRAGX vs. BRUSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRAGX Bridgeway Aggressive Investors 1 Fund	13.63%	18.09%	35.79%	23.13%	-22.41%	10.96%	14.35%	21.86%	-22.42%	18.44%
BRUSX Bridgeway Ultra Small Company Fund	10.33%	7.13%	17.57%	18.14%	-10.99%	13.85%	33.43%	9.52%	-15.77%	3.86%

Correlation

The correlation between BRAGX and BRUSX is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (10Y) Calculated over the trailing 10-year period	0.74
Correlation (All Time) Calculated using the full available price history since Aug 8, 1994	0.76

The correlation between BRAGX and BRUSX has been stable across timeframes, ranging from 0.70 to 0.76 - a consistent structural relationship.

Return for Risk

BRAGX vs. BRUSX — Risk / Return Rank

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

BRAGX

BRAGX Risk / Return Rank: 58
BRAGX Sharpe Ratio Rank: 47
BRAGX Sortino Ratio Rank: 43
BRAGX Omega Ratio Rank: 43
BRAGX Calmar Ratio Rank: 80
BRAGX Martin Ratio Rank: 77

BRUSX

BRUSX Risk / Return Rank: 28
BRUSX Sharpe Ratio Rank: 26
BRUSX Sortino Ratio Rank: 24
BRUSX Omega Ratio Rank: 21
BRUSX Calmar Ratio Rank: 41
BRUSX Martin Ratio Rank: 29

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.

BRAGX vs. BRUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridgeway Aggressive Investors 1 Fund (BRAGX) and Bridgeway Ultra Small Company Fund (BRUSX). 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.

	BRAGX	BRUSX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.45	+0.56
Sortino ratio: Return per unit of downside risk	2.73	2.04	+0.69
Omega ratio: Gain probability vs. loss probability	1.35	1.24	+0.11
Calmar ratio: Return relative to maximum drawdown	3.63	2.42	+1.22
Martin ratio: Return relative to average drawdown	14.53	6.78	+7.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRAGX vs. BRUSX - Sharpe Ratio Comparison

The current BRAGX Sharpe Ratio is 2.01, which is higher than the BRUSX Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of BRAGX and BRUSX, 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

	BRAGX	BRUSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.45	+0.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.11	+0.45
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.40	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.51	-0.03

Drawdowns

BRAGX vs. BRUSX - Drawdown Comparison

The maximum BRAGX drawdown since its inception was -67.04%, which is greater than BRUSX's maximum drawdown of -60.38%. Use the drawdown chart below to compare losses from any high point for BRAGX and BRUSX.

Drawdown Indicators

	BRAGX	BRUSX	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-60.38%	-6.66%
Max Drawdown (1Y) Largest decline over 1 year	-8.08%	-12.87%	+4.79%
Max Drawdown (3Y) Largest decline over 3 years	-23.53%	-27.73%	+4.20%
Max Drawdown (5Y) Largest decline over 5 years	-35.92%	-39.83%	+3.91%
Max Drawdown (10Y) Largest decline over 10 years	-46.74%	-55.77%	+9.03%
Current Drawdown Current decline from peak	0.00%	-0.23%	+0.23%
Average Drawdown Average peak-to-trough decline	-15.97%	-13.55%	-2.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	4.58%	-2.56%

Volatility

BRAGX vs. BRUSX - Volatility Comparison

The current volatility for Bridgeway Aggressive Investors 1 Fund (BRAGX) is 3.59%, while Bridgeway Ultra Small Company Fund (BRUSX) has a volatility of 4.57%. This indicates that BRAGX experiences smaller price fluctuations and is considered to be less risky than BRUSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRAGX	BRUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	4.57%	-0.98%
Volatility (6M) Calculated over the trailing 6-month period	10.82%	13.57%	-2.75%
Volatility (1Y) Calculated over the trailing 1-year period	14.60%	21.43%	-6.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.43%	23.23%	-2.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.39%	23.35%	-1.96%

BRAGX vs. BRUSX - Expense Ratio Comparison

BRAGX has a 0.39% expense ratio, which is lower than BRUSX's 1.26% expense ratio.

Dividends

BRAGX vs. BRUSX - Dividend Comparison

BRAGX's dividend yield for the trailing twelve months is around 16.63%, more than BRUSX's 9.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRAGX Bridgeway Aggressive Investors 1 Fund	16.63%	18.90%	3.19%	0.88%	1.46%	1.18%	1.01%	1.30%	11.62%	0.00%	0.56%	0.05%
BRUSX Bridgeway Ultra Small Company Fund	9.57%	10.56%	2.46%	4.97%	18.41%	7.70%	1.53%	1.14%	13.87%	1.99%	1.12%	1.03%

Frequently Asked Questions

Can I hold both BRAGX and BRUSX in my portfolio?

BRAGX and BRUSX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRAGX or BRUSX?

BRUSX has higher volatility (4.57%) compared to BRAGX (3.59%). In terms of maximum drawdown, BRAGX dropped -67.04% vs BRUSX's -60.38%.

Which has better risk-adjusted returns?

BRAGX currently has the higher Sharpe Ratio (2.01 vs 1.45), 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.