Brandes U.S. Small - Mid Cap Value ETF (BSMC) Performance
BSMC total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +16.4% since Dec 31, 2025
- 1 year
- +19.6% total return
- 3 years
- +19.1% a year
- Since first price
- +18.0% a year since 2023
BSMC trailing returns vs SPY, QQQ, AGG
| Period | BSMC total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +4.4% | +4.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.6% | +2.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.2% | +5.7% | +7.8% | +8.4% | −1.5% |
| YTD | +16.4% | +15.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +19.6% | +18.4% | +14.4% | +15.9% | −1.1% |
| 3 years | +69.1%+19.1%/yr | +63.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionOct 5, 2023 | +65.6%+18.0%/yr | +60.4% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: BSMC vs SPY
From Oct 5, 2023: BSMC grew to $16,556, SPY to $18,563.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BSMC returns by calendar year
2 of 2 full years positive. Best 2025 (+15.5%), worst 2024 (+10.2%). 2026 is year to date.
BSMC annual returns table
| Year | BSMC | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +16.4% | −9.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +15.5% | −17.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.2% | −6.6% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
BSMC largest drawdowns
Now 2.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 25, 2024 | −19.1% | Apr 8, 2025 | Jul 1, 2025 | 4 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
BSMC risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +17.3% |
| Volatility (annualized) | 14.0% |
| Sharpe ratio | 0.90 |
| Sortino ratio | 1.55 |
| Best month | +7.8% |
| Worst month | −6.7% |
| Best 12 months | +34.5% |
| Worst 12 months | +0.1% |
| Positive months | 66% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
BSMC rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 25 | +0.1% | +15.3% | +34.5% | 100% |
| 3-year (a year) | 1 | +19.2% | +19.2% | +19.2% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
BSMC performance overview
Brandes U.S. Small - Mid Cap Value ETF (BSMC) returned +19.6% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +18.0% a year, turning $10,000 into about $16,556. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.1%, from Nov 25, 2024 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 14.0% a year.
Related: BSMC chart, BSMC holdings, BSMC dividends, BSMC valuation. See the BSMC overview for the latest quote and fund facts.
BSMC performance FAQ
What is the BSMC return over the past year?
BSMC returned +19.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 18.4%.
How much would $10,000 invested in BSMC be worth?
$10,000 invested in BSMC at its first recorded close on October 5, 2023 would be worth about $16,556 on October 23, 2026 with distributions reinvested.
What was the worst year for BSMC?
The worst calendar year was 2024, with a total return of +10.2%. The best was 2025 at +15.5%.
What is the biggest drawdown of BSMC?
The largest peak-to-trough decline was −19.1% between November 25, 2024 and April 8, 2025. It recovered to the old high on July 1, 2025, 3 months after the bottom.
How volatile is BSMC?
Over the past history BSMC had an annualized volatility of 14.0% and a Sharpe ratio of 0.90 (excess return over 1–3 month T-bills per unit of risk).