Elena Khoziaeva's story is basically a masterclass in staying somewhere because it's actually good. Khoziaeva, CFA, shared her journey from Belarus to a Houston master's degree, from walking into Bridgeway in 1998 as partner number six to 25-plus years later as the Co-CIO of a firm now running roughly $5 billion on the latest Behind the Ticker episode with host Brad Roth, founder and CIO of Thor Funds. What makes Bridgeway drastically different than your average shop was baked in from the very beginning of the firm. It gives away half its profits to a foundation fighting genocide, caps pay so no partner earns more than 7x the lowest-paid employee, and runs on a research culture where being wrong in a meeting isn't a career risk but half the point. Khoziaeva calls the approach systematic rather than quantitative, but it all comes down to trusting the process, being open to arguments internally to shape better strategies, and not getting defensive when the model's wrong.
Then there's BSVO, the EA Bridgeway Omni Small-Cap Value ETF, one of the more interesting products in a crowded category. It's got a real 15-year track record (born as a mutual fund in 2010, wrapped as an ETF in 2023), holds roughly 600 names instead of the usual sub-200, and deliberately goes smaller and cheaper than the Russell 2000 Value benchmark, with an average market cap under $3 billion. The value screen runs across the whole universe rather than sector-by-sector, which is why it naturally tilts toward financials and energy and away from healthcare currently, not because anyone's trying to time sectors, but because that's just where the cheapest stuff happens to sit.
The bigger picture Khoziaeva paints is a valuation gap that's stretched further than usual, with small value trading around a 14-15 P/E while large growth sits in the 30s, and the book-to-market gap versus the S&P 500 is nearly double its historical norm. Her line for advisors is memorable: "the tighter the spring, the more powerful the release"and Q1 2026 proved it, with small value up 5% while large growth dropped 10%. Her advice isn't to time it, though but to hold the allocation, stay systematic, and let the spring do what springs do.
To learn more about Bridgeway Capital Management, go here.
Disclaimer: The market insights, projections, and investment strategies expressed in this article are solely those of the contributor and do not necessarily reflect the views or opinions of ETF.com. This content is provided for informational purposes only and does not constitute financial, investment, or legal advice.
#market #partner #firm #average
Then there's BSVO, the EA Bridgeway Omni Small-Cap Value ETF, one of the more interesting products in a crowded category. It's got a real 15-year track record (born as a mutual fund in 2010, wrapped as an ETF in 2023), holds roughly 600 names instead of the usual sub-200, and deliberately goes smaller and cheaper than the Russell 2000 Value benchmark, with an average market cap under $3 billion. The value screen runs across the whole universe rather than sector-by-sector, which is why it naturally tilts toward financials and energy and away from healthcare currently, not because anyone's trying to time sectors, but because that's just where the cheapest stuff happens to sit.
The bigger picture Khoziaeva paints is a valuation gap that's stretched further than usual, with small value trading around a 14-15 P/E while large growth sits in the 30s, and the book-to-market gap versus the S&P 500 is nearly double its historical norm. Her line for advisors is memorable: "the tighter the spring, the more powerful the release"and Q1 2026 proved it, with small value up 5% while large growth dropped 10%. Her advice isn't to time it, though but to hold the allocation, stay systematic, and let the spring do what springs do.
To learn more about Bridgeway Capital Management, go here.
Disclaimer: The market insights, projections, and investment strategies expressed in this article are solely those of the contributor and do not necessarily reflect the views or opinions of ETF.com. This content is provided for informational purposes only and does not constitute financial, investment, or legal advice.
#market #partner #firm #average
2 months ago
