OISVX vs. BSCMX

Last updated Jun 24, 2026

OISVX (Optimum Small-Mid Cap Value Fund) and BSCMX (Brandes Small Cap Value Fund) are both Small Cap Value Equities funds. Over the past 5 years, OISVX returned 5.70%/yr vs 15.98%/yr for BSCMX. Their correlation of 0.88 suggests significant overlap in exposure. OISVX charges 1.18%/yr vs 0.91%/yr for BSCMX.

Performance

OISVX vs. BSCMX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Optimum Small-Mid Cap Value Fund (OISVX) and Brandes Small Cap Value Fund (BSCMX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with OISVX having a 16.71% return and BSCMX slightly higher at 17.47%.

OISVX

• 1D: 0.31%
• 1M: 4.13%
• YTD: 16.71%
• 6M: 14.89%
• 1Y: 26.40%
• 3Y*: 14.10%
• 5Y*: 5.70%
• 10Y*: 8.46%

BSCMX

• 1D: -0.93%
• 1M: 3.38%
• YTD: 17.47%
• 6M: 15.36%
• 1Y: 42.48%
• 3Y*: 26.52%
• 5Y*: 15.98%
• 10Y*: —

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

OISVX vs. BSCMX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
OISVX Optimum Small-Mid Cap Value Fund	16.71%	2.64%	10.25%	10.56%	-14.06%	29.13%	2.28%	24.62%	-17.40%
BSCMX Brandes Small Cap Value Fund	17.47%	23.51%	24.77%	22.75%	-7.89%	27.61%	20.38%	12.82%	-12.23%

Correlation

The correlation between OISVX and BSCMX is 0.84, 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	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 8, 2018	0.88

The correlation between OISVX and BSCMX has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

Return for Risk

OISVX vs. BSCMX — Risk / Return Rank

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

OISVX

OISVX Risk / Return Rank: 42
OISVX Sharpe Ratio Rank: 39
OISVX Sortino Ratio Rank: 42
OISVX Omega Ratio Rank: 37
OISVX Calmar Ratio Rank: 53
OISVX Martin Ratio Rank: 42

BSCMX

BSCMX Risk / Return Rank: 83
BSCMX Sharpe Ratio Rank: 84
BSCMX Sortino Ratio Rank: 83
BSCMX Omega Ratio Rank: 69
BSCMX Calmar Ratio Rank: 92
BSCMX Martin Ratio Rank: 88

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.

OISVX vs. BSCMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Optimum Small-Mid Cap Value Fund (OISVX) and Brandes Small Cap Value Fund (BSCMX). 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.

	OISVX	BSCMX	Difference
Sharpe ratio: Return per unit of total volatility	1.68	2.52	-0.84
Sortino ratio: Return per unit of downside risk	2.52	3.62	-1.10
Omega ratio: Gain probability vs. loss probability	1.30	1.42	-0.12
Calmar ratio: Return relative to maximum drawdown	2.67	4.55	-1.89
Martin ratio: Return relative to average drawdown	8.43	15.61	-7.18

OISVX vs. BSCMX - Sharpe Ratio Comparison

The current OISVX Sharpe Ratio is 1.68, which is lower than the BSCMX Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of OISVX and BSCMX, 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

OISVX vs. BSCMX - Drawdown Comparison

The maximum OISVX drawdown since its inception was -63.10%, which is greater than BSCMX's maximum drawdown of -38.12%. Use the drawdown chart below to compare losses from any high point for OISVX and BSCMX.

Drawdown Indicators

	OISVX	BSCMX	Difference
Max Drawdown Largest peak-to-trough decline	-63.10%	-38.12%	-24.98%
Max Drawdown (1Y) Largest decline over 1 year	-10.40%	-9.65%	-0.75%
Max Drawdown (3Y) Largest decline over 3 years	-25.56%	-22.34%	-3.22%
Max Drawdown (5Y) Largest decline over 5 years	-25.56%	-22.34%	-3.22%
Max Drawdown (10Y) Largest decline over 10 years	-45.99%	—	—
Current Drawdown Current decline from peak	-0.31%	-1.79%	+1.48%
Average Drawdown Average peak-to-trough decline	-9.49%	-6.00%	-3.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.28%	2.81%	+0.47%

Volatility

OISVX vs. BSCMX - Volatility Comparison

Optimum Small-Mid Cap Value Fund (OISVX) has a higher volatility of 4.37% compared to Brandes Small Cap Value Fund (BSCMX) at 4.16%. This indicates that OISVX's price experiences larger fluctuations and is considered to be riskier than BSCMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OISVX	BSCMX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.37%	4.16%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	11.77%	11.84%	-0.07%
Volatility (1Y) Calculated over the trailing 1-year period	16.51%	17.45%	-0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.91%	17.93%	+1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.71%	20.58%	+1.13%

OISVX vs. BSCMX - Expense Ratio Comparison

OISVX has a 1.18% expense ratio, which is higher than BSCMX's 0.91% expense ratio.

Dividends

OISVX vs. BSCMX - Dividend Comparison

OISVX's dividend yield for the trailing twelve months is around 5.66%, more than BSCMX's 3.87% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSCMX Brandes Small Cap Value Fund	3.87%	4.54%	2.31%	3.50%	2.93%	4.38%	1.76%	1.11%	9.02%	0.00%	0.00%	0.00%
OISVX Optimum Small-Mid Cap Value Fund	5.66%	6.61%	8.59%	1.35%	9.04%	6.37%	4.97%	2.98%	8.55%	5.35%	0.54%	4.04%

Frequently Asked Questions

Can I hold both OISVX and BSCMX in my portfolio?

OISVX and BSCMX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OISVX or BSCMX?

OISVX has higher volatility (4.37%) compared to BSCMX (4.16%). In terms of maximum drawdown, OISVX dropped -63.10% vs BSCMX's -38.12%.

Which has better risk-adjusted returns?

BSCMX currently has the higher Sharpe Ratio (2.52 vs 1.68), 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.