BSMC vs. BINV

Last updated Jun 3, 2026

BSMC (Brandes U.S. Small-Mid Cap Value ETF) and BINV (Brandes International ETF) are both exchange-traded funds - BSMC is a Small Cap Value Equities fund actively managed by Brandes, while BINV is a Foreign Large Cap Equities fund actively managed by Brandes. Both are actively managed. Over the past year, BSMC returned 26.47% vs 23.74% for BINV. A 0.68 correlation means they provide meaningful diversification when combined. Both charge a 0.70% expense ratio.

Performance

BSMC vs. BINV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brandes U.S. Small-Mid Cap Value ETF (BSMC) and Brandes International ETF (BINV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSMC achieves a 9.76% return, which is significantly higher than BINV's 6.74% return.

BSMC

• 1D: 0.43%
• 1M: -0.49%
• YTD: 9.76%
• 6M: 11.98%
• 1Y: 26.47%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BINV

• 1D: 0.07%
• 1M: 1.16%
• YTD: 6.74%
• 6M: 9.12%
• 1Y: 23.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSMC vs. BINV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BSMC Brandes U.S. Small-Mid Cap Value ETF	9.76%	15.52%	10.21%	11.69%
BINV Brandes International ETF	6.74%	37.84%	7.71%	12.66%

Correlation

The correlation between BSMC and BINV is 0.71, 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	0.71
Correlation (All Time) Calculated using the full available price history since Oct 6, 2023	0.68

The correlation between BSMC and BINV has been stable across timeframes, ranging from 0.68 to 0.71 - a consistent structural relationship.

BSMC vs. BINV - Sectors Allocation Comparison

Sectors	BSMC	BINV
Healthcare	21.3%	17.5%
Industrials	19.1%	10.7%
Technology	14.7%	11.3%
Consumer Defensive	13.0%	22.1%
Financial Services	10.4%	7.8%
Energy	7.5%	2.6%
Consumer Cyclical	6.6%	14.2%
Communication Services	3.9%	5.4%
Basic Materials	3.4%	4.8%
Real Estate	-	2.0%
Utilities	-	1.6%

Return for Risk

BSMC vs. BINV — Risk / Return Rank

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

BSMC

BSMC Risk / Return Rank: 54
BSMC Sharpe Ratio Rank: 53
BSMC Sortino Ratio Rank: 56
BSMC Omega Ratio Rank: 50
BSMC Calmar Ratio Rank: 56
BSMC Martin Ratio Rank: 57

BINV

BINV Risk / Return Rank: 47
BINV Sharpe Ratio Rank: 50
BINV Sortino Ratio Rank: 51
BINV Omega Ratio Rank: 48
BINV Calmar Ratio Rank: 42
BINV Martin Ratio Rank: 45

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.

BSMC vs. BINV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brandes U.S. Small-Mid Cap Value ETF (BSMC) and Brandes International ETF (BINV). 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.

	BSMC	BINV	Difference
Sharpe ratio Return per unit of total volatility	1.83	1.72	+0.11
Sortino ratio Return per unit of downside risk	2.69	2.48	+0.21
Omega ratio Gain probability vs. loss probability	1.32	1.30	+0.01
Calmar ratio Return relative to maximum drawdown	2.86	2.12	+0.73
Martin ratio Return relative to average drawdown	10.15	7.41	+2.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSMC vs. BINV - Sharpe Ratio Comparison

The current BSMC Sharpe Ratio is 1.83, which is comparable to the BINV Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of BSMC and BINV, 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

	BSMC	BINV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.83	1.72	+0.11
Sharpe Ratio (All Time) Calculated using the full available price history	1.14	1.67	-0.52

Drawdowns

BSMC vs. BINV - Drawdown Comparison

The maximum BSMC drawdown since its inception was -19.15%, which is greater than BINV's maximum drawdown of -14.91%. Use the drawdown chart below to compare losses from any high point for BSMC and BINV.

Drawdown Indicators

	BSMC	BINV	Difference
Max Drawdown Largest peak-to-trough decline	-19.15%	-14.91%	-4.24%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-11.50%	+2.48%
Current Drawdown Current decline from peak	-1.50%	-4.15%	+2.65%
Average Drawdown Average peak-to-trough decline	-2.68%	-2.43%	-0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	3.29%	-0.75%

Volatility

BSMC vs. BINV - Volatility Comparison

Brandes U.S. Small-Mid Cap Value ETF (BSMC) and Brandes International ETF (BINV) have volatilities of 4.19% and 4.01%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSMC	BINV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	4.01%	+0.18%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	10.91%	-0.85%
Volatility (1Y) Calculated over the trailing 1-year period	14.52%	13.84%	+0.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.10%	14.76%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.10%	14.76%	+1.34%

BSMC vs. BINV - Expense Ratio Comparison

Both BSMC and BINV have an expense ratio of 0.70%.

Dividends

BSMC vs. BINV - Dividend Comparison

BSMC's dividend yield for the trailing twelve months is around 0.95%, less than BINV's 2.05% yield.

Position	TTM	2025	2024	2023
BINV Brandes International ETF	2.05%	2.23%	2.40%	0.28%
BSMC Brandes U.S. Small-Mid Cap Value ETF	0.95%	1.17%	1.02%	0.15%

Frequently Asked Questions

Can I hold both BSMC and BINV in my portfolio?

BSMC and BINV have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSMC or BINV?

BSMC has higher volatility (4.19%) compared to BINV (4.01%). In terms of maximum drawdown, BSMC dropped -19.15% vs BINV's -14.91%.

Which ETF is better, BSMC or BINV?

On 1-year performance, BSMC leads with 26.47% vs 23.74% for BINV. Both ETFs have the same 0.70% expense ratio. On volatility, BINV has been the lower-risk option at 4.01%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSMC or BINV?

Over the 1-year period, BSMC has performed better with a 26.47% return vs 23.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSMC or BINV?

BSMC and BINV have the same expense ratio: 0.70% per year.

Which ETF pays a higher dividend yield, BSMC or BINV?

BINV has the higher dividend yield at 2.05%, compared with 0.95% for BSMC.

What is the main difference between BSMC and BINV?

BSMC is categorized as Small Cap Value Equities, while BINV is Foreign Large Cap Equities.

Which has better risk-adjusted returns?

BSMC currently has the higher Sharpe Ratio (1.83 vs 1.72), 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.