BRSVX vs. BRUSX

Last updated Jun 5, 2026

BRSVX (Bridgeway Small Cap Value Fund) and BRUSX (Bridgeway Ultra Small Company Fund) are both Small Cap Value Equities funds from Bridgeway. Over the past 10 years, BRSVX returned 11.89%/yr vs 9.07%/yr for BRUSX. Their correlation of 0.86 suggests significant overlap in exposure. BRSVX charges 0.83%/yr vs 1.26%/yr for BRUSX.

Performance

BRSVX vs. BRUSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bridgeway Small Cap Value Fund (BRSVX) 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, BRSVX achieves a 13.88% return, which is significantly higher than BRUSX's 7.50% return. Over the past 10 years, BRSVX has outperformed BRUSX with an annualized return of 11.89%, while BRUSX has yielded a comparatively lower 9.07% annualized return.

BRSVX

• 1D: -1.30%
• 1M: -0.79%
• YTD: 13.88%
• 6M: 13.13%
• 1Y: 32.28%
• 3Y*: 10.94%
• 5Y*: 5.95%
• 10Y*: 11.89%

BRUSX

• 1D: -2.56%
• 1M: 0.12%
• YTD: 7.50%
• 6M: 8.02%
• 1Y: 25.77%
• 3Y*: 15.22%
• 5Y*: 2.01%
• 10Y*: 9.07%

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

BRSVX vs. BRUSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BRSVX Bridgeway Small Cap Value Fund	13.88%	5.51%	-0.22%	14.20%	-7.76%	67.87%	12.04%	15.00%	-13.09%	7.09%
BRUSX Bridgeway Ultra Small Company Fund	7.50%	7.13%	17.57%	18.14%	-10.99%	13.85%	33.43%	9.52%	-15.77%	3.86%

Correlation

The correlation between BRSVX and BRUSX is 0.79, 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	0.79
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Nov 4, 2003	0.86

The correlation between BRSVX and BRUSX has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.

Return for Risk

BRSVX vs. BRUSX — Risk / Return Rank

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

BRSVX

BRSVX Risk / Return Rank: 46
BRSVX Sharpe Ratio Rank: 34
BRSVX Sortino Ratio Rank: 36
BRSVX Omega Ratio Rank: 33
BRSVX Calmar Ratio Rank: 76
BRSVX Martin Ratio Rank: 50

BRUSX

BRUSX Risk / Return Rank: 21
BRUSX Sharpe Ratio Rank: 18
BRUSX Sortino Ratio Rank: 18
BRUSX Omega Ratio Rank: 16
BRUSX Calmar Ratio Rank: 30
BRUSX Martin Ratio Rank: 23

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.

BRSVX vs. BRUSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bridgeway Small Cap Value Fund (BRSVX) 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.

	BRSVX	BRUSX	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.19	+0.50
Sortino ratio: Return per unit of downside risk	2.51	1.72	+0.79
Omega ratio: Gain probability vs. loss probability	1.30	1.20	+0.10
Calmar ratio: Return relative to maximum drawdown	3.42	2.00	+1.42
Martin ratio: Return relative to average drawdown	10.24	5.60	+4.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BRSVX vs. BRUSX - Sharpe Ratio Comparison

The current BRSVX Sharpe Ratio is 1.69, which is higher than the BRUSX Sharpe Ratio of 1.19. The chart below compares the historical Sharpe Ratios of BRSVX 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

	BRSVX	BRUSX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	1.19	+0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.27	0.09	+0.18
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.39	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.51	-0.15

Drawdowns

BRSVX vs. BRUSX - Drawdown Comparison

The maximum BRSVX drawdown since its inception was -67.58%, which is greater than BRUSX's maximum drawdown of -60.38%. Use the drawdown chart below to compare losses from any high point for BRSVX and BRUSX.

Drawdown Indicators

	BRSVX	BRUSX	Difference
Max Drawdown Largest peak-to-trough decline	-67.58%	-60.38%	-7.20%
Max Drawdown (1Y) Largest decline over 1 year	-9.11%	-12.87%	+3.76%
Max Drawdown (3Y) Largest decline over 3 years	-30.52%	-27.73%	-2.79%
Max Drawdown (5Y) Largest decline over 5 years	-30.52%	-39.83%	+9.31%
Max Drawdown (10Y) Largest decline over 10 years	-51.67%	-55.77%	+4.10%
Current Drawdown Current decline from peak	-1.83%	-2.78%	+0.95%
Average Drawdown Average peak-to-trough decline	-13.65%	-13.55%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	4.58%	-1.55%

Volatility

BRSVX vs. BRUSX - Volatility Comparison

The current volatility for Bridgeway Small Cap Value Fund (BRSVX) is 4.98%, while Bridgeway Ultra Small Company Fund (BRUSX) has a volatility of 5.29%. This indicates that BRSVX 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

	BRSVX	BRUSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	5.29%	-0.31%
Volatility (6M) Calculated over the trailing 6-month period	12.91%	13.75%	-0.84%
Volatility (1Y) Calculated over the trailing 1-year period	18.46%	21.60%	-3.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.15%	23.26%	-1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.24%	23.36%	+0.88%

BRSVX vs. BRUSX - Expense Ratio Comparison

BRSVX has a 0.83% expense ratio, which is lower than BRUSX's 1.26% expense ratio.

Dividends

BRSVX vs. BRUSX - Dividend Comparison

BRSVX's dividend yield for the trailing twelve months is around 1.84%, less than BRUSX's 9.82% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BRSVX Bridgeway Small Cap Value Fund	1.84%	2.10%	3.35%	2.64%	0.96%	4.55%	0.84%	2.38%	21.58%	0.87%	0.97%	1.96%
BRUSX Bridgeway Ultra Small Company Fund	9.82%	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 BRSVX and BRUSX in my portfolio?

BRSVX and BRUSX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BRSVX or BRUSX?

BRUSX has higher volatility (5.29%) compared to BRSVX (4.98%). In terms of maximum drawdown, BRSVX dropped -67.58% vs BRUSX's -60.38%.

Which has better risk-adjusted returns?

BRSVX currently has the higher Sharpe Ratio (1.69 vs 1.19), 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.