BRSVX vs. SPY
Compare and contrast key facts about Bridgeway Small Cap Value Fund (BRSVX) and State Street SPDR S&P 500 ETF (SPY).
BRSVX is managed by Bridgeway. It was launched on Oct 31, 2003. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
BRSVX vs. SPY - Performance Comparison
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BRSVX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BRSVX Bridgeway Small Cap Value Fund | 4.35% | 5.51% | -0.22% | 14.20% | -7.76% | 67.87% | 12.04% | 15.00% | -13.09% | 7.09% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, BRSVX achieves a 4.35% return, which is significantly higher than SPY's -3.65% return. Over the past 10 years, BRSVX has underperformed SPY with an annualized return of 11.32%, while SPY has yielded a comparatively higher 14.06% annualized return.
BRSVX
- 1D
- 2.21%
- 1M
- -4.21%
- YTD
- 4.35%
- 6M
- 6.46%
- 1Y
- 21.24%
- 3Y*
- 7.21%
- 5Y*
- 6.28%
- 10Y*
- 11.32%
SPY
- 1D
- 0.75%
- 1M
- -4.28%
- YTD
- -3.65%
- 6M
- -1.42%
- 1Y
- 18.14%
- 3Y*
- 18.48%
- 5Y*
- 11.86%
- 10Y*
- 14.06%
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BRSVX vs. SPY - Expense Ratio Comparison
BRSVX has a 0.83% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
BRSVX vs. SPY — Risk / Return Rank
BRSVX
SPY
BRSVX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Bridgeway Small Cap Value Fund (BRSVX) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.98 | 0.96 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.51 | 1.49 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.20 | 1.23 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.68 | 1.53 | +0.15 |
Martin ratioReturn relative to average drawdown | 5.65 | 7.27 | -1.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BRSVX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 0.96 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.70 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.79 | -0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.56 | -0.22 |
Correlation
The correlation between BRSVX and SPY is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BRSVX vs. SPY - Dividend Comparison
BRSVX's dividend yield for the trailing twelve months is around 2.01%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BRSVX Bridgeway Small Cap Value Fund | 2.01% | 2.10% | 3.35% | 2.64% | 0.96% | 4.55% | 0.84% | 2.38% | 21.58% | 0.87% | 0.97% | 1.96% |
SPY State Street SPDR S&P 500 ETF | 1.13% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
BRSVX vs. SPY - Drawdown Comparison
The maximum BRSVX drawdown since its inception was -67.58%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BRSVX and SPY.
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Drawdown Indicators
| BRSVX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.58% | -55.19% | -12.39% |
Max Drawdown (1Y)Largest decline over 1 year | -12.94% | -12.05% | -0.89% |
Max Drawdown (5Y)Largest decline over 5 years | -30.52% | -24.50% | -6.02% |
Max Drawdown (10Y)Largest decline over 10 years | -51.67% | -33.72% | -17.95% |
Current DrawdownCurrent decline from peak | -5.91% | -5.53% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -13.74% | -9.09% | -4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 2.54% | +1.31% |
Volatility
BRSVX vs. SPY - Volatility Comparison
Bridgeway Small Cap Value Fund (BRSVX) has a higher volatility of 5.84% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that BRSVX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BRSVX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.84% | 5.35% | +0.49% |
Volatility (6M)Calculated over the trailing 6-month period | 13.50% | 9.50% | +4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.22% | 19.06% | +3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.38% | 17.06% | +5.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.23% | 17.92% | +6.31% |