Brandes U.S. Value ETF (BUSA) Performance
BUSA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +15.4% since Dec 31, 2025
- 1 year
- +20.8% total return
- 3 years
- +20.9% a year
- Since first price
- +19.9% a year since 2023
BUSA trailing returns vs SPY, QQQ, AGG
| Period | BUSA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +4.5% | +4.1% | −1.0% | −5.0% | +0.9% |
| 3 months | +4.6% | +4.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.2% | +7.3% | +7.8% | +8.4% | −1.5% |
| YTD | +15.4% | +14.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +20.8% | +18.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +76.7%+20.9%/yr | +69.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionOct 5, 2023 | +73.8%+19.9%/yr | +66.3% | — | — | — |
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: BUSA vs SPY
From Oct 5, 2023: BUSA grew to $17,376, SPY to $18,563.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
BUSA returns by calendar year
2 of 2 full years positive. Best 2025 (+17.6%), worst 2024 (+15.8%). 2026 is year to date.
BUSA annual returns table
| Year | BUSA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +15.4% | −7.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +17.6% | −13.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +15.8% | −7.4% | +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.
BUSA largest drawdowns
Now 2.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 29, 2024 | −14.2% | 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.
BUSA risk statistics
| Statistic | Since 2023 |
|---|---|
| Annualized return | +19.1% |
| Volatility (annualized) | 13.1% |
| Sharpe ratio | 1.08 |
| Sortino ratio | 1.76 |
| Best month | +7.4% |
| Worst month | −6.8% |
| Best 12 months | +31.4% |
| Worst 12 months | +6.1% |
| 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.
BUSA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 25 | +6.1% | +16.2% | +31.4% | 100% |
| 3-year (a year) | 1 | +20.9% | +20.9% | +20.9% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
BUSA performance overview
Brandes U.S. Value ETF (BUSA) returned +20.8% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +19.9% a year, turning $10,000 into about $17,376. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −14.2%, from Nov 29, 2024 to Apr 8, 2025, and it took 3 months to get back to the old high. Volatility has been 13.1% a year.
Related: BUSA chart, BUSA holdings, BUSA dividends, BUSA valuation. See the BUSA overview for the latest quote and fund facts.
BUSA performance FAQ
What is the BUSA return over the past year?
BUSA returned +20.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 18.8%.
How much would $10,000 invested in BUSA be worth?
$10,000 invested in BUSA at its first recorded close on October 5, 2023 would be worth about $17,376 on October 23, 2026 with distributions reinvested.
What was the worst year for BUSA?
The worst calendar year was 2024, with a total return of +15.8%. The best was 2025 at +17.6%.
What is the biggest drawdown of BUSA?
The largest peak-to-trough decline was −14.2% between November 29, 2024 and April 8, 2025. It recovered to the old high on July 1, 2025, 3 months after the bottom.
How volatile is BUSA?
Over the past history BUSA had an annualized volatility of 13.1% and a Sharpe ratio of 1.08 (excess return over 1–3 month T-bills per unit of risk).