ETEGX vs. BCSSX

Last updated Jun 25, 2026

ETEGX (Eaton Vance Small-Cap Fund) and BCSSX (Brown Capital Management Small Company Fund Institutional Shares) are both Small Cap Growth Equities funds. Over the past 10 years, ETEGX returned 9.00%/yr vs 5.58%/yr for BCSSX. A 0.77 correlation means they provide meaningful diversification when combined. ETEGX charges 1.21%/yr vs 1.12%/yr for BCSSX.

Performance

ETEGX vs. BCSSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Eaton Vance Small-Cap Fund (ETEGX) and Brown Capital Management Small Company Fund Institutional Shares (BCSSX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ETEGX achieves a 5.31% return, which is significantly higher than BCSSX's -6.46% return. Over the past 10 years, ETEGX has outperformed BCSSX with an annualized return of 9.00%, while BCSSX has yielded a comparatively lower 5.58% annualized return.

ETEGX

• 1D: -0.21%
• 1M: 3.84%
• YTD: 5.31%
• 6M: 2.85%
• 1Y: 1.22%
• 3Y*: 6.30%
• 5Y*: 2.48%
• 10Y*: 9.00%

BCSSX

• 1D: 0.17%
• 1M: 1.98%
• YTD: -6.46%
• 6M: -9.07%
• 1Y: -9.40%
• 3Y*: -1.56%
• 5Y*: -8.16%
• 10Y*: 5.58%

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

ETEGX vs. BCSSX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ETEGX Eaton Vance Small-Cap Fund	5.31%	-6.20%	14.65%	11.28%	-15.52%	21.45%	12.73%	27.57%	-6.00%	14.87%
BCSSX Brown Capital Management Small Company Fund Institutional Shares	-6.46%	-12.18%	10.05%	19.40%	-37.77%	-4.06%	45.51%	29.49%	-0.37%	29.16%

Correlation

The correlation between ETEGX and BCSSX is 0.53, 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	0.53
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Dec 15, 2011	0.77

Over the past year, the correlation between ETEGX and BCSSX has dropped to 0.53 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.

Return for Risk

ETEGX vs. BCSSX — Risk / Return Rank

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

ETEGX

ETEGX Risk / Return Rank: 4
ETEGX Sharpe Ratio Rank: 4
ETEGX Sortino Ratio Rank: 4
ETEGX Omega Ratio Rank: 4
ETEGX Calmar Ratio Rank: 4
ETEGX Martin Ratio Rank: 4

BCSSX

BCSSX Risk / Return Rank: 2
BCSSX Sharpe Ratio Rank: 2
BCSSX Sortino Ratio Rank: 2
BCSSX Omega Ratio Rank: 2
BCSSX Calmar Ratio Rank: 2
BCSSX Martin Ratio Rank: 2

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.

ETEGX vs. BCSSX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Small-Cap Fund (ETEGX) and Brown Capital Management Small Company Fund Institutional Shares (BCSSX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ETEGX	BCSSX	Difference
Sharpe ratio: Return per unit of total volatility	0.13	-0.36	+0.49
Sortino ratio: Return per unit of downside risk	0.32	-0.37	+0.69
Omega ratio: Gain probability vs. loss probability	1.03	0.96	+0.08
Calmar ratio: Return relative to maximum drawdown	0.16	-0.30	+0.46
Martin ratio: Return relative to average drawdown	0.36	-0.68	+1.04

ETEGX vs. BCSSX - Sharpe Ratio Comparison

The current ETEGX Sharpe Ratio is 0.13, which is higher than the BCSSX Sharpe Ratio of -0.36. The chart below compares the historical Sharpe Ratios of ETEGX and BCSSX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ETEGX vs. BCSSX - Drawdown Comparison

The maximum ETEGX drawdown since its inception was -67.58%, which is greater than BCSSX's maximum drawdown of -55.58%. Use the drawdown chart below to compare losses from any high point for ETEGX and BCSSX.

Drawdown Indicators

	ETEGX	BCSSX	Difference
Max Drawdown Largest peak-to-trough decline	-67.58%	-55.58%	-12.00%
Max Drawdown (1Y) Largest decline over 1 year	-13.05%	-26.75%	+13.70%
Max Drawdown (3Y) Largest decline over 3 years	-19.98%	-55.58%	+35.60%
Max Drawdown (5Y) Largest decline over 5 years	-24.30%	-55.58%	+31.28%
Max Drawdown (10Y) Largest decline over 10 years	-36.66%	-55.58%	+18.92%
Current Drawdown Current decline from peak	-7.01%	-46.45%	+39.44%
Average Drawdown Average peak-to-trough decline	-22.73%	-15.95%	-6.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.90%	11.61%	-5.71%

Volatility

ETEGX vs. BCSSX - Volatility Comparison

The current volatility for Eaton Vance Small-Cap Fund (ETEGX) is 4.55%, while Brown Capital Management Small Company Fund Institutional Shares (BCSSX) has a volatility of 6.03%. This indicates that ETEGX experiences smaller price fluctuations and is considered to be less risky than BCSSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ETEGX	BCSSX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.55%	6.03%	-1.48%
Volatility (6M) Calculated over the trailing 6-month period	11.40%	17.62%	-6.22%
Volatility (1Y) Calculated over the trailing 1-year period	16.25%	22.49%	-6.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.79%	37.40%	-18.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.83%	31.33%	-11.50%

ETEGX vs. BCSSX - Expense Ratio Comparison

ETEGX has a 1.21% expense ratio, which is higher than BCSSX's 1.12% expense ratio.

Dividends

ETEGX vs. BCSSX - Dividend Comparison

ETEGX's dividend yield for the trailing twelve months is around 7.81%, less than BCSSX's 101.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BCSSX Brown Capital Management Small Company Fund Institutional Shares	101.87%	95.29%	49.47%	8.99%	11.63%	9.04%	7.27%	8.43%	6.72%	5.85%	5.48%	9.07%
ETEGX Eaton Vance Small-Cap Fund	7.81%	8.23%	5.13%	0.68%	3.22%	13.87%	1.06%	7.19%	12.29%	11.02%	13.88%	23.25%

Frequently Asked Questions

Can I hold both ETEGX and BCSSX in my portfolio?

ETEGX and BCSSX have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ETEGX or BCSSX?

BCSSX has higher volatility (6.03%) compared to ETEGX (4.55%). In terms of maximum drawdown, ETEGX dropped -67.58% vs BCSSX's -55.58%.

Which has better risk-adjusted returns?

ETEGX currently has the higher Sharpe Ratio (0.13 vs -0.36), 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.