SMARX vs. VICSX
Compare and contrast key facts about Brandes Separately Managed Account Reserve Trust (SMARX) and Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX).
SMARX is managed by BlackRock. It was launched on Oct 3, 2005. VICSX is managed by Vanguard. It was launched on Mar 2, 2010.
Performance
SMARX vs. VICSX - Performance Comparison
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SMARX vs. VICSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMARX Brandes Separately Managed Account Reserve Trust | -0.18% | 6.91% | 3.73% | 9.76% | -11.77% | 0.76% | 6.55% | 7.77% | -1.13% | 4.75% |
VICSX Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares | -0.54% | 9.36% | 3.66% | 8.88% | -14.09% | -1.56% | 9.52% | 13.99% | -1.73% | 5.47% |
Returns By Period
In the year-to-date period, SMARX achieves a -0.18% return, which is significantly higher than VICSX's -0.54% return. Over the past 10 years, SMARX has outperformed VICSX with an annualized return of 3.35%, while VICSX has yielded a comparatively lower 3.09% annualized return.
SMARX
- 1D
- 0.13%
- 1M
- -1.62%
- YTD
- -0.18%
- 6M
- 0.37%
- 1Y
- 3.86%
- 3Y*
- 5.23%
- 5Y*
- 1.94%
- 10Y*
- 3.35%
VICSX
- 1D
- 0.40%
- 1M
- -1.59%
- YTD
- -0.54%
- 6M
- 0.37%
- 1Y
- 5.75%
- 3Y*
- 5.73%
- 5Y*
- 1.50%
- 10Y*
- 3.09%
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SMARX vs. VICSX - Expense Ratio Comparison
SMARX has a 0.00% expense ratio, which is lower than VICSX's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Return for Risk
SMARX vs. VICSX — Risk / Return Rank
SMARX
VICSX
SMARX vs. VICSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes Separately Managed Account Reserve Trust (SMARX) and Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX). 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.
| SMARX | VICSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.37 | -0.33 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.94 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.00 | -0.22 |
Martin ratioReturn relative to average drawdown | 5.69 | 7.25 | -1.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMARX | VICSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.37 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.25 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.58 | +0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.85 | -0.44 |
Correlation
The correlation between SMARX and VICSX is 0.72, 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
SMARX vs. VICSX - Dividend Comparison
SMARX's dividend yield for the trailing twelve months is around 4.70%, more than VICSX's 4.31% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMARX Brandes Separately Managed Account Reserve Trust | 4.70% | 5.02% | 4.07% | 3.85% | 3.53% | 2.57% | 3.35% | 4.19% | 4.55% | 4.20% | 4.87% | 5.24% |
VICSX Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares | 4.31% | 4.59% | 4.77% | 3.70% | 3.00% | 2.76% | 2.77% | 3.35% | 3.62% | 3.22% | 3.03% | 3.36% |
Drawdowns
SMARX vs. VICSX - Drawdown Comparison
The maximum SMARX drawdown since its inception was -47.07%, which is greater than VICSX's maximum drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for SMARX and VICSX.
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Drawdown Indicators
| SMARX | VICSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.07% | -20.53% | -26.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -3.07% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -16.20% | -20.53% | +4.33% |
Max Drawdown (10Y)Largest decline over 10 years | -16.20% | -20.53% | +4.33% |
Current DrawdownCurrent decline from peak | -1.86% | -2.06% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -3.18% | -3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 0.85% | -0.02% |
Volatility
SMARX vs. VICSX - Volatility Comparison
The current volatility for Brandes Separately Managed Account Reserve Trust (SMARX) is 1.66%, while Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX) has a volatility of 1.84%. This indicates that SMARX experiences smaller price fluctuations and is considered to be less risky than VICSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMARX | VICSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 1.84% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 2.66% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 4.39% | -0.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.12% | 6.15% | -1.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 5.34% | -0.97% |