SLYV vs. BSMC

Last updated Jun 4, 2026

SLYV (SPDR S&P 600 Small Cap Value ETF) and BSMC (Brandes U.S. Small-Mid Cap Value ETF) are both Small Cap Value Equities funds. SLYV is passively managed, while BSMC is actively managed. Over the past year, SLYV returned 37.01% vs 24.26% for BSMC. Their correlation of 0.91 suggests significant overlap in exposure. SLYV charges 0.15%/yr vs 0.70%/yr for BSMC.

Performance

SLYV vs. BSMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P 600 Small Cap Value ETF (SLYV) 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, SLYV achieves a 15.25% return, which is significantly higher than BSMC's 9.25% return.

SLYV

• 1D: -1.18%
• 1M: 2.30%
• YTD: 15.25%
• 6M: 14.70%
• 1Y: 37.01%
• 3Y*: 14.08%
• 5Y*: 5.66%
• 10Y*: 10.18%

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)

SLYV vs. BSMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SLYV SPDR S&P 600 Small Cap Value ETF	15.25%	6.54%	7.28%	20.01%
BSMC Brandes U.S. Small-Mid Cap Value ETF	9.25%	15.52%	10.21%	11.69%

Correlation

The correlation between SLYV and BSMC is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Oct 6, 2023	0.91

The correlation between SLYV and BSMC has been stable across timeframes, ranging from 0.88 to 0.91 - a consistent structural relationship.

SLYV vs. BSMC - Sectors Allocation Comparison

Sectors	SLYV	BSMC
Financial Services	19.8%	10.4%
Consumer Cyclical	15.9%	6.6%
Industrials	11.6%	19.1%
Technology	11.3%	14.7%
Real Estate	8.7%	-
Energy	7.6%	7.5%
Healthcare	7.5%	21.3%
Basic Materials	7.1%	3.4%
Communication Services	4.4%	3.9%
Consumer Defensive	3.8%	13.0%
Utilities	2.2%	-

Return for Risk

SLYV vs. BSMC — Risk / Return Rank

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

SLYV

SLYV Risk / Return Rank: 65
SLYV Sharpe Ratio Rank: 59
SLYV Sortino Ratio Rank: 62
SLYV Omega Ratio Rank: 56
SLYV Calmar Ratio Rank: 77
SLYV Martin Ratio Rank: 70

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.

SLYV vs. BSMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 600 Small Cap Value ETF (SLYV) 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.

	SLYV	BSMC	Difference
Sharpe ratio: Return per unit of total volatility	2.05	1.68	+0.36
Sortino ratio: Return per unit of downside risk	2.95	2.50	+0.45
Omega ratio: Gain probability vs. loss probability	1.35	1.29	+0.06
Calmar ratio: Return relative to maximum drawdown	3.97	2.70	+1.27
Martin ratio: Return relative to average drawdown	13.09	9.57	+3.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SLYV vs. BSMC - Sharpe Ratio Comparison

The current SLYV Sharpe Ratio is 2.05, which is comparable to the BSMC Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of SLYV 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

	SLYV	BSMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	1.68	+0.36
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.43	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	1.13	-0.67

Drawdowns

SLYV vs. BSMC - Drawdown Comparison

The maximum SLYV drawdown since its inception was -61.15%, which is greater than BSMC's maximum drawdown of -19.15%. Use the drawdown chart below to compare losses from any high point for SLYV and BSMC.

Drawdown Indicators

	SLYV	BSMC	Difference
Max Drawdown Largest peak-to-trough decline	-61.15%	-19.15%	-42.00%
Max Drawdown (1Y) Largest decline over 1 year	-9.36%	-9.02%	-0.34%
Max Drawdown (3Y) Largest decline over 3 years	-28.68%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.73%	—	—
Current Drawdown Current decline from peak	-1.18%	-1.95%	+0.77%
Average Drawdown Average peak-to-trough decline	-8.94%	-2.68%	-6.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	2.54%	+0.29%

Volatility

SLYV vs. BSMC - Volatility Comparison

SPDR S&P 600 Small Cap Value ETF (SLYV) has a higher volatility of 4.42% compared to Brandes U.S. Small-Mid Cap Value ETF (BSMC) at 3.97%. This indicates that SLYV's price experiences larger fluctuations and is considered to be riskier than BSMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SLYV	BSMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.42%	3.97%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	11.46%	10.06%	+1.40%
Volatility (1Y) Calculated over the trailing 1-year period	18.26%	14.52%	+3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.96%	16.09%	+5.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.96%	16.09%	+7.87%

SLYV vs. BSMC - Expense Ratio Comparison

SLYV has a 0.15% expense ratio, which is lower than BSMC's 0.70% expense ratio.

Dividends

SLYV vs. BSMC - Dividend Comparison

SLYV's dividend yield for the trailing twelve months is around 1.82%, more than BSMC's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BSMC Brandes U.S. Small-Mid Cap Value ETF	0.95%	1.17%	1.02%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SLYV SPDR S&P 600 Small Cap Value ETF	1.82%	2.02%	2.30%	2.11%	1.47%	1.94%	1.40%	1.67%	2.14%	5.53%	2.18%	6.55%

Frequently Asked Questions

Can I hold both SLYV and BSMC in my portfolio?

SLYV and BSMC have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SLYV or BSMC?

SLYV has higher volatility (4.42%) compared to BSMC (3.97%). In terms of maximum drawdown, SLYV dropped -61.15% vs BSMC's -19.15%.

Which ETF is better, SLYV or BSMC?

On 1-year performance, SLYV leads with 37.01% vs 24.26% for BSMC. On fees, SLYV is cheaper at 0.15% per year. On volatility, BSMC has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SLYV or BSMC?

Over the 1-year period, SLYV has performed better with a 37.01% return vs 24.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SLYV or BSMC?

SLYV is cheaper with a 0.15% expense ratio, compared with 0.70% for BSMC.

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

SLYV has the higher dividend yield at 1.82%, compared with 0.95% for BSMC.

What is the main difference between SLYV and BSMC?

They also come from different issuers: State Street and Brandes. Their fees differ too: 0.15% for SLYV and 0.70% for BSMC.

Which has better risk-adjusted returns?

SLYV currently has the higher Sharpe Ratio (2.05 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.