BRAGX vs. LLSCX

Last updated Jun 4, 2026

BRAGX (Bridgeway Aggressive Investors 1 Fund) and LLSCX (Longleaf Partners Small-Cap Fund) are both Mid Cap Blend Equities funds. Over the past 10 years, BRAGX returned 10.96%/yr vs 5.72%/yr for LLSCX. A 0.69 correlation means they provide meaningful diversification when combined. BRAGX charges 0.39%/yr vs 0.95%/yr for LLSCX.

Performance

BRAGX vs. LLSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bridgeway Aggressive Investors 1 Fund (BRAGX) and Longleaf Partners Small-Cap Fund (LLSCX). 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 LLSCX's -6.08% return. Over the past 10 years, BRAGX has outperformed LLSCX with an annualized return of 10.96%, while LLSCX has yielded a comparatively lower 5.72% 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%

LLSCX

• 1D: -0.58%
• 1M: -3.05%
• YTD: -6.08%
• 6M: -5.80%
• 1Y: -1.64%
• 3Y*: 8.14%
• 5Y*: 0.52%
• 10Y*: 5.72%

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

BRAGX vs. LLSCX - 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%
LLSCX Longleaf Partners Small-Cap Fund	-6.08%	7.56%	9.69%	20.17%	-19.25%	11.18%	4.17%	27.74%	-6.52%	9.07%

Correlation

The correlation between BRAGX and LLSCX is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.46
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.72
Correlation (All Time) Calculated using the full available price history since Aug 8, 1994	0.69

Over the past year, the correlation between BRAGX and LLSCX has dropped to 0.46 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

BRAGX vs. LLSCX — 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

LLSCX

LLSCX Risk / Return Rank: 2
LLSCX Sharpe Ratio Rank: 2
LLSCX Sortino Ratio Rank: 2
LLSCX Omega Ratio Rank: 2
LLSCX Calmar Ratio Rank: 2
LLSCX Martin Ratio Rank: 2

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. LLSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridgeway Aggressive Investors 1 Fund (BRAGX) and Longleaf Partners Small-Cap Fund (LLSCX). 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	LLSCX	Difference
Sharpe ratio: Return per unit of total volatility	2.01	-0.09	+2.10
Sortino ratio: Return per unit of downside risk	2.73	-0.04	+2.77
Omega ratio: Gain probability vs. loss probability	1.35	1.00	+0.36
Calmar ratio: Return relative to maximum drawdown	3.63	-0.10	+3.74
Martin ratio: Return relative to average drawdown	14.53	-0.26	+14.79
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. LLSCX - Sharpe Ratio Comparison

The current BRAGX Sharpe Ratio is 2.01, which is higher than the LLSCX Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of BRAGX and LLSCX, 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	LLSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	-0.09	+2.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.03	+0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.23	+0.28
Sharpe Ratio (All Time) Calculated using the full available price history	0.48	0.51	-0.03

Drawdowns

BRAGX vs. LLSCX - Drawdown Comparison

The maximum BRAGX drawdown since its inception was -67.04%, roughly equal to the maximum LLSCX drawdown of -63.97%. Use the drawdown chart below to compare losses from any high point for BRAGX and LLSCX.

Drawdown Indicators

	BRAGX	LLSCX	Difference
Max Drawdown Largest peak-to-trough decline	-67.04%	-63.97%	-3.07%
Max Drawdown (1Y) Largest decline over 1 year	-8.08%	-11.30%	+3.22%
Max Drawdown (3Y) Largest decline over 3 years	-23.53%	-15.40%	-8.13%
Max Drawdown (5Y) Largest decline over 5 years	-35.92%	-28.37%	-7.55%
Max Drawdown (10Y) Largest decline over 10 years	-46.74%	-42.23%	-4.51%
Current Drawdown Current decline from peak	0.00%	-10.22%	+10.22%
Average Drawdown Average peak-to-trough decline	-15.97%	-8.90%	-7.07%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	4.44%	-2.42%

Volatility

BRAGX vs. LLSCX - Volatility Comparison

Bridgeway Aggressive Investors 1 Fund (BRAGX) has a higher volatility of 3.59% compared to Longleaf Partners Small-Cap Fund (LLSCX) at 3.31%. This indicates that BRAGX's price experiences larger fluctuations and is considered to be riskier than LLSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BRAGX	LLSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.59%	3.31%	+0.28%
Volatility (6M) Calculated over the trailing 6-month period	10.82%	8.52%	+2.30%
Volatility (1Y) Calculated over the trailing 1-year period	14.60%	12.75%	+1.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.43%	16.97%	+3.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.39%	24.58%	-3.19%

BRAGX vs. LLSCX - Expense Ratio Comparison

BRAGX has a 0.39% expense ratio, which is lower than LLSCX's 0.95% expense ratio.

Dividends

BRAGX vs. LLSCX - Dividend Comparison

BRAGX's dividend yield for the trailing twelve months is around 16.63%, more than LLSCX's 1.25% 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%
LLSCX Longleaf Partners Small-Cap Fund	1.25%	1.17%	0.11%	0.94%	1.20%	0.82%	5.85%	14.89%	18.13%	8.43%	18.01%	5.91%

Frequently Asked Questions

Can I hold both BRAGX and LLSCX in my portfolio?

BRAGX and LLSCX have a correlation of 0.46, 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 LLSCX?

BRAGX has higher volatility (3.59%) compared to LLSCX (3.31%). In terms of maximum drawdown, BRAGX dropped -67.04% vs LLSCX's -63.97%.

Which has better risk-adjusted returns?

BRAGX currently has the higher Sharpe Ratio (2.01 vs -0.09), 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.