EBIT vs. BSMC

Last updated Jun 4, 2026

EBIT (Harbor AlphaEdge Small Cap Earners ETF) and BSMC (Brandes U.S. Small-Mid Cap Value ETF) are both Small Cap Value Equities funds. EBIT is passively managed, while BSMC is actively managed. Over the past year, EBIT returned 26.62% vs 24.26% for BSMC. Their correlation of 0.89 suggests significant overlap in exposure. EBIT charges 0.29%/yr vs 0.70%/yr for BSMC.

Performance

EBIT vs. BSMC - Performance Comparison

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

Returns By Period

In the year-to-date period, EBIT achieves a 12.09% return, which is significantly higher than BSMC's 9.25% return.

EBIT

• 1D: -1.12%
• 1M: 0.30%
• YTD: 12.09%
• 6M: 10.33%
• 1Y: 26.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BSMC

• 1D: -0.46%
• 1M: 0.43%
• YTD: 9.25%
• 6M: 9.99%
• 1Y: 24.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EBIT vs. BSMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EBIT Harbor AlphaEdge Small Cap Earners ETF	12.09%	6.85%	8.29%
BSMC Brandes U.S. Small-Mid Cap Value ETF	9.25%	15.52%	6.71%

Correlation

The correlation between EBIT and BSMC is 0.86, 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	0.87
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024	0.89

The correlation between EBIT and BSMC has been stable across timeframes, ranging from 0.86 to 0.89 - a consistent structural relationship.

EBIT vs. BSMC - Sectors Allocation Comparison

Sectors	EBIT	BSMC
Financial Services	25.5%	10.4%
Consumer Cyclical	14.4%	6.6%
Industrials	13.3%	19.1%
Energy	11.7%	7.5%
Technology	7.7%	14.7%
Real Estate	7.2%	-
Healthcare	4.2%	21.3%
Communication Services	3.7%	3.9%
Basic Materials	3.6%	3.4%
Utilities	3.4%	-
Consumer Defensive	3.2%	13.0%

Return for Risk

EBIT vs. BSMC — Risk / Return Rank

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

EBIT

EBIT Risk / Return Rank: 52
EBIT Sharpe Ratio Rank: 45
EBIT Sortino Ratio Rank: 49
EBIT Omega Ratio Rank: 45
EBIT Calmar Ratio Rank: 65
EBIT Martin Ratio Rank: 54

BSMC

BSMC Risk / Return Rank: 52
BSMC Sharpe Ratio Rank: 49
BSMC Sortino Ratio Rank: 52
BSMC Omega Ratio Rank: 47
BSMC Calmar Ratio Rank: 55
BSMC Martin Ratio Rank: 56

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.

EBIT vs. BSMC - Risk-Adjusted Trends Comparison

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

	EBIT	BSMC	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.68	-0.12
Sortino ratio: Return per unit of downside risk	2.37	2.50	-0.13
Omega ratio: Gain probability vs. loss probability	1.28	1.29	-0.01
Calmar ratio: Return relative to maximum drawdown	3.21	2.70	+0.50
Martin ratio: Return relative to average drawdown	9.20	9.57	-0.38
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBIT vs. BSMC - Sharpe Ratio Comparison

The current EBIT Sharpe Ratio is 1.57, which is comparable to the BSMC Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of EBIT and BSMC, 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

	EBIT	BSMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.68	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.70	1.13	-0.43

Drawdowns

EBIT vs. BSMC - Drawdown Comparison

The maximum EBIT drawdown since its inception was -26.64%, which is greater than BSMC's maximum drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for EBIT and BSMC.

Drawdown Indicators

	EBIT	BSMC	Difference
Max Drawdown Largest peak-to-trough decline	-26.64%	-19.15%	-7.49%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-9.02%	+0.68%
Current Drawdown Current decline from peak	-1.34%	-1.95%	+0.61%
Average Drawdown Average peak-to-trough decline	-6.55%	-2.68%	-3.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.54%	+0.36%

Volatility

EBIT vs. BSMC - Volatility Comparison

Harbor AlphaEdge Small Cap Earners ETF (EBIT) and Brandes U.S. Small-Mid Cap Value ETF (BSMC) have volatilities of 3.99% and 3.97%, 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

	EBIT	BSMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	3.97%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	10.71%	10.06%	+0.65%
Volatility (1Y) Calculated over the trailing 1-year period	17.13%	14.52%	+2.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.24%	16.09%	+5.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.24%	16.09%	+5.15%

EBIT vs. BSMC - Expense Ratio Comparison

EBIT has a 0.29% expense ratio, which is lower than BSMC's 0.70% expense ratio.

Dividends

EBIT vs. BSMC - Dividend Comparison

EBIT's dividend yield for the trailing twelve months is around 1.78%, more than BSMC's 0.95% yield.

Position	TTM	2025	2024	2023
BSMC Brandes U.S. Small-Mid Cap Value ETF	0.95%	1.17%	1.02%	0.15%
EBIT Harbor AlphaEdge Small Cap Earners ETF	1.78%	2.00%	2.40%	0.00%

Frequently Asked Questions

Can I hold both EBIT and BSMC in my portfolio?

EBIT and BSMC have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EBIT or BSMC?

EBIT has higher volatility (3.99%) compared to BSMC (3.97%). In terms of maximum drawdown, EBIT dropped -26.64% vs BSMC's -19.15%.

Which ETF is better, EBIT or BSMC?

On 1-year performance, EBIT leads with 26.62% vs 24.26% for BSMC. On fees, EBIT is cheaper at 0.29% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EBIT or BSMC?

Over the 1-year period, EBIT has performed better with a 26.62% return vs 24.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EBIT or BSMC?

EBIT is cheaper with a 0.29% expense ratio, compared with 0.70% for BSMC.

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

EBIT has the higher dividend yield at 1.78%, compared with 0.95% for BSMC.

What is the main difference between EBIT and BSMC?

They also come from different issuers: Harbor and Brandes. Their fees differ too: 0.29% for EBIT and 0.70% for BSMC.

Which has better risk-adjusted returns?

BSMC currently has the higher Sharpe Ratio (1.68 vs 1.57), 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.