BDIV vs. SMRI

Last updated Aug 2, 2026

BDIV (AAM Brentview Dividend Growth ETF) and SMRI (Bushido Capital US Equity ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, BDIV returned 20.14% vs 40.59% for SMRI. Their 0.64 correlation means they have sometimes moved together and sometimes differently. BDIV charges 0.49%/yr vs 0.71%/yr for SMRI.

Performance

BDIV vs. SMRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AAM Brentview Dividend Growth ETF (BDIV) and Bushido Capital US Equity ETF (SMRI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BDIV achieves a 10.04% return, which is significantly lower than SMRI's 23.03% return.

BDIV

• 1D: -0.08%
• 1M: 1.31%
• 6M: 7.69%
• YTD: 10.04%
• 1Y: 20.14%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.95%

SMRI

• 1D: 0.38%
• 1M: 5.51%
• 6M: 23.61%
• YTD: 23.03%
• 1Y: 40.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.95%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BDIV AAM Brentview Dividend Growth ETF	$66.95K	$59.67K	$64.41K
SMRI Bushido Capital US Equity ETF	$770.42K	$508.81K	$403.01K

BDIV vs. SMRI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
BDIV AAM Brentview Dividend Growth ETF	10.04%	18.59%	3.01%
SMRI Bushido Capital US Equity ETF	23.03%	17.41%	5.33%

Correlation

The correlation between BDIV and SMRI is 0.49, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.49
Correlation (All Time) Calculated using the full available price history since Jul 31, 2024	0.64

The correlation between BDIV and SMRI shifts across timeframes, from 0.49 (1 year) to 0.64 (all time), reflecting how their relationship changes across market environments.

Return for Risk

BDIV vs. SMRI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BDIV

BDIV Risk / Return Rank: 83
BDIV Sharpe Ratio Rank: 85
BDIV Sortino Ratio Rank: 86
BDIV Omega Ratio Rank: 83
BDIV Calmar Ratio Rank: 77
BDIV Martin Ratio Rank: 82

SMRI

SMRI Risk / Return Rank: 94
SMRI Sharpe Ratio Rank: 94
SMRI Sortino Ratio Rank: 94
SMRI Omega Ratio Rank: 92
SMRI Calmar Ratio Rank: 95
SMRI Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BDIV vs. SMRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AAM Brentview Dividend Growth ETF (BDIV) and Bushido Capital US Equity ETF (SMRI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	BDIV	SMRI	Difference
Sharpe ratio: Return per unit of total volatility	2.00	2.64	-0.64
Sortino ratio: Return per unit of downside risk	2.90	3.68	-0.78
Omega ratio: Gain probability vs. loss probability	1.36	1.47	-0.11
Calmar ratio: Return relative to maximum drawdown	2.75	5.75	-3.00
Martin ratio: Return relative to average drawdown	10.97	16.88	-5.91

BDIV vs. SMRI - Sharpe Ratio Comparison

The current BDIV Sharpe Ratio is 2.00, which is comparable to the SMRI Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of BDIV and SMRI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

BDIV vs. SMRI - Drawdown Comparison

The maximum BDIV drawdown since its inception was -14.98%, smaller than the maximum SMRI drawdown of -18.45%. Use the drawdown chart below to compare losses from any high point for BDIV and SMRI.

Drawdown Indicators

	BDIV	SMRI	Difference
Max Drawdown Largest peak-to-trough decline	-14.98%	-18.45%	+3.47%
Max Drawdown (1Y) Largest decline over 1 year	-7.01%	-6.80%	-0.21%
Current Drawdown Current decline from peak	-0.32%	-0.51%	+0.19%
Average Drawdown Average peak-to-trough decline	-1.87%	-2.72%	+0.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.76%	2.32%	-0.56%

Volatility

BDIV vs. SMRI - Volatility Comparison

The current volatility for AAM Brentview Dividend Growth ETF (BDIV) is 2.46%, while Bushido Capital US Equity ETF (SMRI) has a volatility of 3.61%. This indicates that BDIV experiences smaller price fluctuations and is considered to be less risky than SMRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BDIV	SMRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.46%	3.61%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	7.15%	11.80%	-4.65%
Volatility (1Y) Calculated over the trailing 1-year period	9.69%	15.09%	-5.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.06%	15.84%	-2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.06%	15.84%	-2.78%

BDIV vs. SMRI - Expense Ratio Comparison

BDIV has a 0.49% expense ratio, which is lower than SMRI's 0.71% expense ratio.

Dividends

BDIV vs. SMRI - Dividend Comparison

BDIV's dividend yield for the trailing twelve months is around 1.55%, more than SMRI's 0.86% yield.

Position	TTM	2025	2024	2023
BDIV AAM Brentview Dividend Growth ETF	1.55%	1.14%	0.62%	0.00%
SMRI Bushido Capital US Equity ETF	0.86%	1.32%	0.98%	0.45%

Frequently Asked Questions

Can I hold both BDIV and SMRI in my portfolio?

BDIV and SMRI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BDIV or SMRI?

SMRI has higher volatility (3.61%) compared to BDIV (2.46%). In terms of maximum drawdown, BDIV dropped -14.98% vs SMRI's -18.45%.

Which ETF is better, BDIV or SMRI?

On 1-year performance, SMRI leads with 40.59% vs 20.14% for BDIV. On fees, BDIV is cheaper at 0.49% per year. On volatility, BDIV has been the lower-risk option at 2.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BDIV or SMRI?

Over the 1-year period, SMRI has performed better with a 40.59% return vs 20.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BDIV or SMRI?

BDIV is cheaper with a 0.49% expense ratio, compared with 0.71% for SMRI.

Which ETF pays a higher dividend yield, BDIV or SMRI?

BDIV has the higher dividend yield at 1.55%, compared with 0.86% for SMRI.

What is the main difference between BDIV and SMRI?

They also come from different issuers: AAM and Bushido. Their fees differ too: 0.49% for BDIV and 0.71% for SMRI.

Which has better risk-adjusted returns?

SMRI currently has the higher Sharpe Ratio (2.64 vs 2.00), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.