SMARX vs. WFSPX
Compare and contrast key facts about Brandes Separately Managed Account Reserve Trust (SMARX) and iShares S&P 500 Index Fund (WFSPX).
SMARX is managed by BlackRock. It was launched on Oct 3, 2005. WFSPX is a passively managed fund by BlackRock that tracks the performance of the S&P 500 Index. It was launched on Jul 30, 1993.
Performance
SMARX vs. WFSPX - Performance Comparison
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SMARX vs. WFSPX - 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% |
WFSPX iShares S&P 500 Index Fund | -4.63% | 17.83% | 24.94% | 26.25% | -18.14% | 28.63% | 18.43% | 31.45% | -4.83% | 21.27% |
Returns By Period
In the year-to-date period, SMARX achieves a -0.18% return, which is significantly higher than WFSPX's -4.63% return. Over the past 10 years, SMARX has underperformed WFSPX with an annualized return of 3.35%, while WFSPX has yielded a comparatively higher 13.92% 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%
WFSPX
- 1D
- 2.62%
- 1M
- -5.31%
- YTD
- -4.63%
- 6M
- -2.47%
- 1Y
- 16.96%
- 3Y*
- 18.15%
- 5Y*
- 11.69%
- 10Y*
- 13.92%
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SMARX vs. WFSPX - Expense Ratio Comparison
SMARX has a 0.00% expense ratio, which is lower than WFSPX's 0.03% 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. WFSPX — Risk / Return Rank
SMARX
WFSPX
SMARX vs. WFSPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Brandes Separately Managed Account Reserve Trust (SMARX) and iShares S&P 500 Index Fund (WFSPX). 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 | WFSPX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 0.96 | +0.08 |
Sortino ratioReturn per unit of downside risk | 1.48 | 1.47 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.22 | -0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 1.49 | +0.29 |
Martin ratioReturn relative to average drawdown | 5.69 | 7.15 | -1.46 |
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 | WFSPX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 0.96 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.38 | 0.70 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.77 | 0.78 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.13 | +0.28 |
Correlation
The correlation between SMARX and WFSPX is 0.05, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SMARX vs. WFSPX - Dividend Comparison
SMARX's dividend yield for the trailing twelve months is around 4.70%, more than WFSPX's 1.54% 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% |
WFSPX iShares S&P 500 Index Fund | 1.54% | 1.72% | 1.41% | 1.50% | 2.02% | 1.82% | 1.66% | 1.99% | 2.00% | 1.62% | 2.37% | 2.49% |
Drawdowns
SMARX vs. WFSPX - Drawdown Comparison
The maximum SMARX drawdown since its inception was -47.07%, smaller than the maximum WFSPX drawdown of -58.21%. Use the drawdown chart below to compare losses from any high point for SMARX and WFSPX.
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Drawdown Indicators
| SMARX | WFSPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.07% | -58.21% | +11.14% |
Max Drawdown (1Y)Largest decline over 1 year | -2.63% | -12.11% | +9.48% |
Max Drawdown (5Y)Largest decline over 5 years | -16.20% | -24.51% | +8.31% |
Max Drawdown (10Y)Largest decline over 10 years | -16.20% | -33.74% | +17.54% |
Current DrawdownCurrent decline from peak | -1.86% | -6.51% | +4.65% |
Average DrawdownAverage peak-to-trough decline | -7.02% | -12.84% | +5.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 2.53% | -1.70% |
Volatility
SMARX vs. WFSPX - Volatility Comparison
The current volatility for Brandes Separately Managed Account Reserve Trust (SMARX) is 1.66%, while iShares S&P 500 Index Fund (WFSPX) has a volatility of 5.17%. This indicates that SMARX experiences smaller price fluctuations and is considered to be less risky than WFSPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMARX | WFSPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.66% | 5.17% | -3.51% |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | 9.44% | -6.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.03% | 18.21% | -14.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.12% | 16.88% | -11.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.37% | 18.00% | -13.63% |