BSCMX vs. SPY
Compare and contrast key facts about Brandes Small Cap Value Fund (BSCMX) and State Street SPDR S&P 500 ETF (SPY).
BSCMX is managed by Brandes. It was launched on Jan 2, 2018. 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
BSCMX vs. SPY - Performance Comparison
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BSCMX vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BSCMX Brandes Small Cap Value Fund | 8.18% | 23.51% | 24.77% | 22.75% | -7.89% | 27.61% | 20.38% | 12.82% | -12.23% |
SPY State Street SPDR S&P 500 ETF | -3.65% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -7.03% |
Returns By Period
In the year-to-date period, BSCMX achieves a 8.18% return, which is significantly higher than SPY's -3.65% return.
BSCMX
- 1D
- 1.69%
- 1M
- -7.43%
- YTD
- 8.18%
- 6M
- 13.76%
- 1Y
- 42.61%
- 3Y*
- 23.39%
- 5Y*
- 15.29%
- 10Y*
- —
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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BSCMX vs. SPY - Expense Ratio Comparison
BSCMX has a 0.91% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
BSCMX vs. SPY — Risk / Return Rank
BSCMX
SPY
BSCMX vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes Small Cap Value Fund (BSCMX) 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.
| BSCMX | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.96 | 0.96 | +1.00 |
Sortino ratioReturn per unit of downside risk | 2.74 | 1.49 | +1.25 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.23 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 3.06 | 1.53 | +1.53 |
Martin ratioReturn relative to average drawdown | 12.65 | 7.27 | +5.38 |
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
| BSCMX | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 0.96 | +1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.86 | 0.70 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.66 | 0.56 | +0.10 |
Correlation
The correlation between BSCMX and SPY is 0.71, 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
BSCMX vs. SPY - Dividend Comparison
BSCMX's dividend yield for the trailing twelve months is around 4.20%, more than SPY's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSCMX Brandes Small Cap Value Fund | 4.20% | 4.54% | 2.31% | 3.50% | 2.93% | 4.38% | 1.76% | 1.11% | 9.02% | 0.00% | 0.00% | 0.00% |
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
BSCMX vs. SPY - Drawdown Comparison
The maximum BSCMX drawdown since its inception was -38.12%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for BSCMX and SPY.
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Drawdown Indicators
| BSCMX | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.12% | -55.19% | +17.07% |
Max Drawdown (1Y)Largest decline over 1 year | -13.85% | -12.05% | -1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -22.34% | -24.50% | +2.16% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -7.43% | -5.53% | -1.90% |
Average DrawdownAverage peak-to-trough decline | -6.10% | -9.09% | +2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.35% | 2.54% | +0.81% |
Volatility
BSCMX vs. SPY - Volatility Comparison
Brandes Small Cap Value Fund (BSCMX) has a higher volatility of 5.72% compared to State Street SPDR S&P 500 ETF (SPY) at 5.35%. This indicates that BSCMX'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
| BSCMX | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 5.35% | +0.37% |
Volatility (6M)Calculated over the trailing 6-month period | 12.37% | 9.50% | +2.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.03% | 19.06% | +2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 17.06% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.69% | 17.92% | +2.77% |