BSMCvsPAPIETF Comparison
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Brandes U.S. Small-Mid Cap Value ETF (BSMC) belongs to the US Multi-Factor segment. Parametric Equity Premium Income ETF (PAPI) is part of the Options Strategies segment. BSMC's top 3 sector exposures are Healthcare, Technology and Consumer Non-Cyclicals. In contrast, PAPI's top sector exposures are Technology, Non-Energy Materials and Healthcare. BSMC is more expensive with a Total Expense Ratio (TER) of 0.71%, versus 0.29% for PAPI. BSMC is up 12.36% year-to-date (YTD) with +$13M in YTD flows. PAPI performs worse with 10.5% YTD performance, and +$202M in YTD flows. Run a side-by-side ETF comparison of BSMC and PAPI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BSMC vs PAPI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/18/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMC PAPI | -3.81%-2.44% | +2.49%+4.43% | +12.36%+10.50% | +16.80%+12.73% | n/an/a | n/an/a |
| Flows | BSMC PAPI | +$2M+$40M | +$4M+$83M | +$13M+$202M | +$24M+$224M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMC PAPI | +12.37%+9.08% | +13.80%+9.86% | n/an/a | n/an/a |
| Max drawdown | BSMC PAPI | -6.19%-3.44% | -9.01%-6.88% | n/an/a | n/an/a |
| Max drawdown duration | BSMC PAPI | 45d25d | 101d135d | n/an/a | n/an/a |
Trading data
BSMC | PAPI | |
Last sale 9/21/2026 at 5:30 PM | $38.63 | $27.03 |
| Previous close 09/18/2026 | $38.66 | $27.22 |
| Consolidated volume 09/18/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/21/2026 at 5:30 PM
Live
Closed
BSMC | PAPI | |
|---|---|---|
| Last price | $38.63 | $27.03 |
| 1D performance | -0.08% | -0.70% |
| AuM | $169.69 M | $485.09 M |
| E/R | 0.71% | 0.29% |
Characteristics
BSMC | PAPI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Brandes | Morgan Stanley |
| Benchmark | - | - |
| N° of holdings | 71 | 189 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 3, 2023 | October 19, 2023 |
| ESG | No | No |
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Exposure
Countries
BSMC
USA
89.93%
Other
10.07%
PAPI
USA
94.78%
Other
5.22%
Sectors
BSMC
Healthcare
22.13%
Technology
15.87%
Consumer Non-Cycl.
12.06%
Industrials
11.66%
Finance
9.61%
Non-Energy Materi.
9.36%
Other
19.3%
PAPI
Technology
12.39%
Non-Energy Materi.
11.24%
Healthcare
10.69%
Consumer Non-Cycl.
10.45%
Finance
10.38%
Energy
10.23%
Other
34.62%
Diversification
BSMC
Total weight of top 15 holdings out of 15
37.95%
PAPI
Total weight of top 15 holdings out of 15
10.02%
Top 15 holdings
Data as of July 31, 2026
BSMC
JPMorgan US Treasury Plus Money Market Fund
4.01%
Dentsply Sirona, Inc.
2.89%
Innovex International, Inc.
2.86%
Ingles Markets, Inc.
2.77%
Elanco Animal Health, Inc.
2.75%
Amdocs Ltd.
2.66%
International Flavors & Fragrances, Inc.
2.62%
UniFirst Corp.
2.55%
Edgewell Personal Care Co.
2.51%
Zimmer Biomet Holdings, Inc.
2.29%
Citizens Financial Group, Inc. (Rhode Island)
2.14%
EPAM Systems, Inc.
2.04%
The Campbell's Co.
2.02%
NETGEAR, Inc.
1.99%
Omnicom Group, Inc.
1.86%
PAPI
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
1.26%
HF Sinclair Corp.
0.65%
Valero Energy Corp.
0.64%
International Seaways, Inc.
0.64%
Cisco Systems, Inc.
0.63%
TD SYNNEX Corp.
0.63%
Dolby Laboratories, Inc.
0.63%
Millicom International Cellular SA
0.62%
Cognizant Technology Solutions Corp.
0.62%
Microsoft Corp.
0.62%
Garmin Ltd.
0.62%
Royalty Pharma Plc
0.62%
Interparfums, Inc.
0.61%
ManpowerGroup, Inc.
0.61%
MSC Industrial Direct Co., Inc.
0.60%
Frequently asked questions about BSMC and PAPI
How have the BSMC and PAPI ETFs performed in 2026?
As of September 18, 2026, BSMC is up 12.36% year-to-date (YTD), while PAPI has returned 10.5%. That puts BSMC better performer ahead so far this year.
Which ETF is attracting more investor money: BSMC or PAPI?
Year-to-date, the BSMC ETF saw +$13M in flows, compared to +$202M for PAPI.
Which ETF is more volatile: BSMC or PAPI?
Over the past year, BSMC had a volatility of 13.8%, while PAPI experienced 9.86%.
Which ETF is bigger: BSMC or PAPI?
As of September 18, 2026, BSMC holds $169.69 M in assets under management (AUM), while PAPI manages $485.09 M.
What sectors do the BSMC and PAPI ETFs invest in?
BSMC leans toward sectors like Healthcare, Technology and Consumer Non-Cyclicals. Meanwhile, PAPI focuses on Technology, Non-Energy Materials and Healthcare.
What are the top holdings of the BSMC ETF and PAPI ETF?
BSMC top holdings include JPMorgan US Treasury Plus Money Market Fund, Dentsply Sirona, Inc. and Innovex International, Inc.. PAPI holds in its top three: Morgan Stanley Instl. Liquidity Funds - Government Portfolio, HF Sinclair Corp. and Valero Energy Corp..
Which ETF is more diversified: BSMC or PAPI?
BSMC holds 71 securities with 37.95% of its assets in the top 15. PAPI has 189 securities and a top 15 weight of 10.02%.
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