BSMC vs. FNK
Compare and contrast key facts about Brandes U.S. Small-Mid Cap Value ETF (BSMC) and First Trust Mid Cap Value AlphaDEX Fund (FNK).
BSMC and FNK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSMC is an actively managed fund by Brandes. It was launched on Oct 3, 2023. FNK is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX Mid Cap Value Index. It was launched on Apr 19, 2011.
Performance
BSMC vs. FNK - Performance Comparison
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BSMC vs. FNK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
BSMC Brandes U.S. Small-Mid Cap Value ETF | 4.40% | 15.52% | 10.21% | 11.69% |
FNK First Trust Mid Cap Value AlphaDEX Fund | 3.02% | 5.65% | 6.65% | 19.14% |
Returns By Period
In the year-to-date period, BSMC achieves a 4.40% return, which is significantly higher than FNK's 3.02% return.
BSMC
- 1D
- 1.95%
- 1M
- -6.11%
- YTD
- 4.40%
- 6M
- 9.05%
- 1Y
- 23.80%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FNK
- 1D
- 1.61%
- 1M
- -4.17%
- YTD
- 3.02%
- 6M
- 4.27%
- 1Y
- 15.07%
- 3Y*
- 11.24%
- 5Y*
- 7.47%
- 10Y*
- 9.15%
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BSMC vs. FNK - Expense Ratio Comparison
Both BSMC and FNK have an expense ratio of 0.70%.
Return for Risk
BSMC vs. FNK — Risk / Return Rank
BSMC
FNK
BSMC vs. FNK - 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 First Trust Mid Cap Value AlphaDEX Fund (FNK). 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 | FNK | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.24 | 0.69 | +0.55 |
Sortino ratioReturn per unit of downside risk | 1.86 | 1.13 | +0.72 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.16 | +0.09 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 0.99 | +0.92 |
Martin ratioReturn relative to average drawdown | 7.85 | 3.75 | +4.10 |
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
| BSMC | FNK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.24 | 0.69 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.36 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.39 | +0.68 |
Correlation
The correlation between BSMC and FNK is 0.90, 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
BSMC vs. FNK - Dividend Comparison
BSMC's dividend yield for the trailing twelve months is around 1.00%, less than FNK's 1.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMC Brandes U.S. Small-Mid Cap Value ETF | 1.00% | 1.17% | 1.02% | 0.15% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FNK First Trust Mid Cap Value AlphaDEX Fund | 1.63% | 1.53% | 1.63% | 1.76% | 1.66% | 1.27% | 1.61% | 1.82% | 1.76% | 1.40% | 1.38% | 1.45% |
Drawdowns
BSMC vs. FNK - Drawdown Comparison
The maximum BSMC drawdown since its inception was -19.15%, smaller than the maximum FNK drawdown of -50.70%. Use the drawdown chart below to compare losses from any high point for BSMC and FNK.
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Drawdown Indicators
| BSMC | FNK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.15% | -50.70% | +31.55% |
Max Drawdown (1Y)Largest decline over 1 year | -12.60% | -15.86% | +3.26% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.16% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.70% | — |
Current DrawdownCurrent decline from peak | -6.19% | -6.00% | -0.19% |
Average DrawdownAverage peak-to-trough decline | -2.70% | -6.89% | +4.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 4.20% | -1.13% |
Volatility
BSMC vs. FNK - Volatility Comparison
Brandes U.S. Small-Mid Cap Value ETF (BSMC) has a higher volatility of 5.58% compared to First Trust Mid Cap Value AlphaDEX Fund (FNK) at 4.49%. This indicates that BSMC's price experiences larger fluctuations and is considered to be riskier than FNK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSMC | FNK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.58% | 4.49% | +1.09% |
Volatility (6M)Calculated over the trailing 6-month period | 10.46% | 10.87% | -0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.31% | 22.08% | -2.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.27% | 21.11% | -4.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.27% | 23.89% | -7.62% |