BUSA vs. LGLV

Last updated Apr 2, 2026

Compare and contrast key facts about Brandes U.S. Value ETF (BUSA) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV).

BUSA and LGLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BUSA is an actively managed fund by Brandes. It was launched on Oct 3, 2023. LGLV is a passively managed fund by State Street that tracks the performance of the SSGA US Large Cap Low Volatility (TR). It was launched on Feb 20, 2013.

Performance

BUSA vs. LGLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brandes U.S. Value ETF (BUSA) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). The values are adjusted to include any dividend payments, if applicable.

BUSA vs. LGLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BUSA Brandes U.S. Value ETF	2.12%	17.56%	15.76%	10.65%
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	2.28%	8.37%	16.22%	10.17%

Returns By Period

In the year-to-date period, BUSA achieves a 2.12% return, which is significantly lower than LGLV's 2.28% return.

BUSA

• 1D: 0.46%
• 1M: -4.76%
• YTD: 2.12%
• 6M: 7.18%
• 1Y: 15.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —

LGLV

• 1D: 0.28%
• 1M: -5.25%
• YTD: 2.28%
• 6M: 1.83%
• 1Y: 4.62%
• 3Y*: 11.56%
• 5Y*: 9.31%
• 10Y*: 11.27%

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

BUSA vs. LGLV - Expense Ratio Comparison

BUSA has a 0.60% expense ratio, which is higher than LGLV's 0.12% expense ratio.

BUSA

Brandes U.S. Value ETF

LGLV

SPDR SSGA US Large Cap Low Volatility Index ETF

Return for Risk

BUSA vs. LGLV — Risk / Return Rank

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

BUSA

BUSA Risk / Return Rank: 49
BUSA Sharpe Ratio Rank: 51
BUSA Sortino Ratio Rank: 49
BUSA Omega Ratio Rank: 50
BUSA Calmar Ratio Rank: 45
BUSA Martin Ratio Rank: 48

LGLV

LGLV Risk / Return Rank: 22
LGLV Sharpe Ratio Rank: 22
LGLV Sortino Ratio Rank: 20
LGLV Omega Ratio Rank: 21
LGLV Calmar Ratio Rank: 23
LGLV Martin Ratio Rank: 26

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.

BUSA vs. LGLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brandes U.S. Value ETF (BUSA) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). 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.

	BUSA	LGLV	Difference
Sharpe ratio Return per unit of total volatility	0.96	0.36	+0.60
Sortino ratio Return per unit of downside risk	1.38	0.59	+0.78
Omega ratio Gain probability vs. loss probability	1.20	1.08	+0.12
Calmar ratio Return relative to maximum drawdown	1.24	0.49	+0.75
Martin ratio Return relative to average drawdown	4.85	2.04	+2.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUSA vs. LGLV - Sharpe Ratio Comparison

The current BUSA Sharpe Ratio is 0.96, which is higher than the LGLV Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of BUSA and LGLV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	BUSA	LGLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	0.36	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.72	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.38	0.78	+0.60

Correlation

The correlation between BUSA and LGLV is 0.82, 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

BUSA vs. LGLV - Dividend Comparison

BUSA's dividend yield for the trailing twelve months is around 1.55%, less than LGLV's 2.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BUSA Brandes U.S. Value ETF	1.55%	1.53%	1.37%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	2.01%	1.94%	1.93%	2.03%	1.95%	1.65%	1.98%	1.89%	2.09%	4.39%	2.54%	2.97%

Drawdowns

BUSA vs. LGLV - Drawdown Comparison

The maximum BUSA drawdown since its inception was -14.19%, smaller than the maximum LGLV drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for BUSA and LGLV.

Drawdown Indicators

	BUSA	LGLV	Difference
Max Drawdown Largest peak-to-trough decline	-14.19%	-36.64%	+22.45%
Max Drawdown (1Y) Largest decline over 1 year	-12.27%	-9.65%	-2.62%
Max Drawdown (5Y) Largest decline over 5 years	—	-17.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-36.64%	—
Current Drawdown Current decline from peak	-5.32%	-5.25%	-0.07%
Average Drawdown Average peak-to-trough decline	-2.17%	-3.19%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	2.33%	+0.81%

Volatility

BUSA vs. LGLV - Volatility Comparison

Brandes U.S. Value ETF (BUSA) has a higher volatility of 4.06% compared to SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) at 3.12%. This indicates that BUSA's price experiences larger fluctuations and is considered to be riskier than LGLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUSA	LGLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.06%	3.12%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	9.04%	6.61%	+2.43%
Volatility (1Y) Calculated over the trailing 1-year period	16.36%	12.73%	+3.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.84%	12.92%	+0.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.84%	16.10%	-2.26%