BSMIX vs. FNDA
BSMIX (iShares Russell Small/Mid-Cap Index Fund) and FNDA (Schwab Fundamental US Small Co. Index ETF) are both Small Cap Blend Equities funds. Over the past 10 years, BSMIX returned 11.77%/yr vs 10.87%/yr for FNDA. With a 0.96 correlation, they move nearly in lockstep. BSMIX charges 0.12%/yr vs 0.25%/yr for FNDA.
Performance
BSMIX vs. FNDA - Performance Comparison
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Returns By Period
In the year-to-date period, BSMIX achieves a 19.06% return, which is significantly higher than FNDA's 14.87% return. Over the past 10 years, BSMIX has outperformed FNDA with an annualized return of 11.77%, while FNDA has yielded a comparatively lower 10.87% annualized return.
BSMIX
- 1D
- 0.93%
- 1M
- 5.13%
- YTD
- 19.06%
- 6M
- 18.96%
- 1Y
- 36.89%
- 3Y*
- 18.79%
- 5Y*
- 7.82%
- 10Y*
- 11.77%
FNDA
- 1D
- -1.01%
- 1M
- 2.29%
- YTD
- 14.87%
- 6M
- 14.27%
- 1Y
- 30.96%
- 3Y*
- 15.77%
- 5Y*
- 7.06%
- 10Y*
- 10.87%
BSMIX vs. FNDA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BSMIX iShares Russell Small/Mid-Cap Index Fund | 19.06% | 11.92% | 12.04% | 17.15% | -18.39% | 18.00% | 20.28% | 27.62% | -10.22% | 16.75% |
FNDA Schwab Fundamental US Small Co. Index ETF | 14.87% | 7.44% | 9.00% | 20.29% | -14.83% | 31.12% | 8.44% | 24.34% | -12.12% | 12.68% |
Correlation
The correlation between BSMIX and FNDA is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jan 5, 2016 | 0.96 |
The correlation between BSMIX and FNDA has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
BSMIX vs. FNDA — Risk / Return Rank
BSMIX
FNDA
BSMIX vs. FNDA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell Small/Mid-Cap Index Fund (BSMIX) and Schwab Fundamental US Small Co. Index ETF (FNDA). 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.
| BSMIX | FNDA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.32 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.15 | 3.32 | +0.82 |
| Martin ratioReturn relative to average drawdown | 15.76 | 10.73 | +5.03 |
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
| BSMIX | FNDA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 1.82 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.34 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.49 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.49 | +0.07 |
Drawdowns
BSMIX vs. FNDA - Drawdown Comparison
The maximum BSMIX drawdown since its inception was -41.32%, smaller than the maximum FNDA drawdown of -44.64%. Use the drawdown chart below to compare losses from any high point for BSMIX and FNDA.
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Drawdown Indicators
| BSMIX | FNDA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.32% | -44.64% | +3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.39% | -9.36% | -0.03% |
Max Drawdown (3Y)Largest decline over 3 years | -25.49% | -25.92% | +0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -28.33% | -25.92% | -2.41% |
Max Drawdown (10Y)Largest decline over 10 years | -41.32% | -44.64% | +3.32% |
Current DrawdownCurrent decline from peak | 0.00% | -1.01% | +1.01% |
Average DrawdownAverage peak-to-trough decline | -7.41% | -6.69% | -0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 2.89% | -0.42% |
Volatility
BSMIX vs. FNDA - Volatility Comparison
iShares Russell Small/Mid-Cap Index Fund (BSMIX) has a higher volatility of 5.13% compared to Schwab Fundamental US Small Co. Index ETF (FNDA) at 4.38%. This indicates that BSMIX's price experiences larger fluctuations and is considered to be riskier than FNDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSMIX | FNDA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.13% | 4.38% | +0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 12.67% | 11.79% | +0.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.21% | 17.13% | +0.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.18% | 20.89% | +0.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.71% | 22.37% | -0.66% |
BSMIX vs. FNDA - Expense Ratio Comparison
BSMIX has a 0.12% expense ratio, which is lower than FNDA's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
BSMIX vs. FNDA - Dividend Comparison
BSMIX's dividend yield for the trailing twelve months is around 2.43%, more than FNDA's 1.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BSMIX iShares Russell Small/Mid-Cap Index Fund | 2.43% | 2.90% | 2.04% | 1.37% | 4.94% | 4.77% | 4.42% | 2.83% | 4.33% | 2.83% | 1.45% | 0.00% |
FNDA Schwab Fundamental US Small Co. Index ETF | 1.09% | 1.22% | 1.53% | 1.37% | 1.38% | 1.15% | 1.31% | 1.38% | 1.64% | 1.30% | 1.18% | 1.33% |
Frequently Asked Questions
With a correlation of 0.95, BSMIX and FNDA move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
BSMIX has higher volatility (5.13%) compared to FNDA (4.38%). In terms of maximum drawdown, BSMIX dropped -41.32% vs FNDA's -44.64%.
BSMIX currently has the higher Sharpe Ratio (2.26 vs 1.82), 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.
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