BSMC vs. DSMC

Last updated Jun 4, 2026

BSMC (Brandes U.S. Small-Mid Cap Value ETF) and DSMC (Distillate Small/Mid Cash Flow ETF) are both Small Cap Value Equities funds. Both are actively managed. Over the past year, BSMC returned 24.26% vs 27.29% for DSMC. Their correlation of 0.87 suggests significant overlap in exposure. BSMC charges 0.70%/yr vs 0.55%/yr for DSMC.

Performance

BSMC vs. DSMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Brandes U.S. Small-Mid Cap Value ETF (BSMC) and Distillate Small/Mid Cash Flow ETF (DSMC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSMC achieves a 9.25% return, which is significantly lower than DSMC's 12.84% return.

BSMC

• 1D: -0.46%
• 1M: 0.43%
• YTD: 9.25%
• 6M: 9.99%
• 1Y: 24.26%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DSMC

• 1D: -1.10%
• 1M: 1.55%
• YTD: 12.84%
• 6M: 12.14%
• 1Y: 27.29%
• 3Y*: 13.36%
• 5Y*: —
• 10Y*: —

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

BSMC vs. DSMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BSMC Brandes U.S. Small-Mid Cap Value ETF	9.25%	15.52%	10.21%	11.69%
DSMC Distillate Small/Mid Cash Flow ETF	12.84%	2.73%	2.81%	16.90%

Correlation

The correlation between BSMC and DSMC is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Oct 6, 2023	0.87

The correlation between BSMC and DSMC has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.

BSMC vs. DSMC - Sectors Allocation Comparison

Sectors	BSMC	DSMC
Healthcare	21.3%	5.0%
Industrials	19.1%	17.8%
Technology	14.7%	21.5%
Consumer Defensive	13.0%	4.8%
Financial Services	10.4%	4.1%
Energy	7.5%	17.0%
Consumer Cyclical	6.6%	19.9%
Communication Services	3.9%	6.0%
Basic Materials	3.4%	3.5%
Real Estate	-	0.4%
Utilities	-	-

Return for Risk

BSMC vs. DSMC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BSMC

BSMC Risk / Return Rank: 52
BSMC Sharpe Ratio Rank: 49
BSMC Sortino Ratio Rank: 52
BSMC Omega Ratio Rank: 47
BSMC Calmar Ratio Rank: 55
BSMC Martin Ratio Rank: 56

DSMC

DSMC Risk / Return Rank: 49
DSMC Sharpe Ratio Rank: 46
DSMC Sortino Ratio Rank: 49
DSMC Omega Ratio Rank: 44
DSMC Calmar Ratio Rank: 54
DSMC Martin Ratio Rank: 52

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BSMC vs. DSMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Brandes U.S. Small-Mid Cap Value ETF (BSMC) and Distillate Small/Mid Cash Flow ETF (DSMC). 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.

	BSMC	DSMC	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.59	+0.09
Sortino ratio: Return per unit of downside risk	2.50	2.41	+0.09
Omega ratio: Gain probability vs. loss probability	1.29	1.28	+0.01
Calmar ratio: Return relative to maximum drawdown	2.70	2.65	+0.05
Martin ratio: Return relative to average drawdown	9.57	8.82	+0.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BSMC vs. DSMC - Sharpe Ratio Comparison

The current BSMC Sharpe Ratio is 1.68, which is comparable to the DSMC Sharpe Ratio of 1.59. The chart below compares the historical Sharpe Ratios of BSMC and DSMC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BSMC	DSMC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.68	1.59	+0.09
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.75	+0.38

Drawdowns

BSMC vs. DSMC - Drawdown Comparison

The maximum BSMC drawdown since its inception was -19.15%, smaller than the maximum DSMC drawdown of -28.62%. Use the drawdown chart below to compare losses from any high point for BSMC and DSMC.

Drawdown Indicators

	BSMC	DSMC	Difference
Max Drawdown Largest peak-to-trough decline	-19.15%	-28.62%	+9.47%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-10.33%	+1.31%
Max Drawdown (3Y) Largest decline over 3 years	—	-28.62%	—
Current Drawdown Current decline from peak	-1.95%	-1.66%	-0.29%
Average Drawdown Average peak-to-trough decline	-2.68%	-6.00%	+3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	3.10%	-0.56%

Volatility

BSMC vs. DSMC - Volatility Comparison

The current volatility for Brandes U.S. Small-Mid Cap Value ETF (BSMC) is 3.97%, while Distillate Small/Mid Cash Flow ETF (DSMC) has a volatility of 4.40%. This indicates that BSMC experiences smaller price fluctuations and is considered to be less risky than DSMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSMC	DSMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	4.40%	-0.43%
Volatility (6M) Calculated over the trailing 6-month period	10.06%	10.54%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	14.52%	17.33%	-2.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.09%	20.39%	-4.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.09%	20.39%	-4.30%

BSMC vs. DSMC - Expense Ratio Comparison

BSMC has a 0.70% expense ratio, which is higher than DSMC's 0.55% expense ratio.

Dividends

BSMC vs. DSMC - Dividend Comparison

BSMC's dividend yield for the trailing twelve months is around 0.95%, less than DSMC's 1.13% yield.

Position	TTM	2025	2024	2023	2022
BSMC Brandes U.S. Small-Mid Cap Value ETF	0.95%	1.17%	1.02%	0.15%	0.00%
DSMC Distillate Small/Mid Cash Flow ETF	1.13%	1.18%	1.31%	1.02%	0.27%

Frequently Asked Questions

Can I hold both BSMC and DSMC in my portfolio?

BSMC and DSMC have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BSMC or DSMC?

DSMC has higher volatility (4.40%) compared to BSMC (3.97%). In terms of maximum drawdown, BSMC dropped -19.15% vs DSMC's -28.62%.

Which ETF is better, BSMC or DSMC?

On 1-year performance, DSMC leads with 27.29% vs 24.26% for BSMC. On fees, DSMC is cheaper at 0.55% per year. On volatility, BSMC has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSMC or DSMC?

Over the 1-year period, DSMC has performed better with a 27.29% return vs 24.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSMC or DSMC?

DSMC is cheaper with a 0.55% expense ratio, compared with 0.70% for BSMC.

Which ETF pays a higher dividend yield, BSMC or DSMC?

DSMC has the higher dividend yield at 1.13%, compared with 0.95% for BSMC.

What is the main difference between BSMC and DSMC?

They also come from different issuers: Brandes and Distillate. Their fees differ too: 0.70% for BSMC and 0.55% for DSMC.

Which has better risk-adjusted returns?

BSMC currently has the higher Sharpe Ratio (1.68 vs 1.59), 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.