BSMC vs. SMCF

Last updated Jun 24, 2026

BSMC (Brandes U.S. Small-Mid Cap Value ETF) and SMCF (Themes US Small Cap Cash Flow Champions ETF) are both Small Cap Value Equities funds. BSMC is actively managed, while SMCF is passively managed. Over the past year, BSMC returned 23.93% vs 32.62% for SMCF. A 0.79 correlation means they provide meaningful diversification when combined. BSMC charges 0.70%/yr vs 0.29%/yr for SMCF.

Performance

BSMC vs. SMCF - 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 Themes US Small Cap Cash Flow Champions ETF (SMCF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BSMC achieves a 9.66% return, which is significantly lower than SMCF's 17.06% return.

BSMC

• 1D: 0.45%
• 1M: 0.30%
• YTD: 9.66%
• 6M: 9.35%
• 1Y: 23.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMCF

• 1D: 0.74%
• 1M: 1.60%
• YTD: 17.06%
• 6M: 14.76%
• 1Y: 32.62%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

BSMC vs. SMCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
BSMC Brandes U.S. Small-Mid Cap Value ETF	9.66%	15.52%	10.21%	4.02%
SMCF Themes US Small Cap Cash Flow Champions ETF	17.06%	9.56%	16.30%	7.07%

Correlation

The correlation between BSMC and SMCF is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Dec 13, 2023	0.79

The correlation between BSMC and SMCF has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.

BSMC vs. SMCF - Sectors Allocation Comparison

Sectors	BSMC	SMCF
Healthcare	22.1%	4.8%
Industrials	19.1%	9.1%
Technology	15.8%	13.0%
Consumer Defensive	12.4%	1.3%
Financial Services	9.8%	48.8%
Energy	7.0%	17.1%
Consumer Cyclical	6.5%	3.1%
Basic Materials	3.7%	0.7%
Communication Services	3.5%	1.6%
Real Estate	-	0.5%
Utilities	-	-

Return for Risk

BSMC vs. SMCF — Risk / Return Rank

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

BSMC

BSMC Risk / Return Rank: 54
BSMC Sharpe Ratio Rank: 51
BSMC Sortino Ratio Rank: 55
BSMC Omega Ratio Rank: 48
BSMC Calmar Ratio Rank: 58
BSMC Martin Ratio Rank: 57

SMCF

SMCF Risk / Return Rank: 72
SMCF Sharpe Ratio Rank: 67
SMCF Sortino Ratio Rank: 69
SMCF Omega Ratio Rank: 64
SMCF Calmar Ratio Rank: 87
SMCF Martin Ratio Rank: 71

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. SMCF - 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 Themes US Small Cap Cash Flow Champions ETF (SMCF). 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.

	BSMC	SMCF	Difference
Sharpe ratio: Return per unit of total volatility	1.65	2.04	-0.39
Sortino ratio: Return per unit of downside risk	2.44	2.93	-0.49
Omega ratio: Gain probability vs. loss probability	1.28	1.36	-0.08
Calmar ratio: Return relative to maximum drawdown	2.66	4.60	-1.93
Martin ratio: Return relative to average drawdown	9.40	12.30	-2.90

BSMC vs. SMCF - Sharpe Ratio Comparison

The current BSMC Sharpe Ratio is 1.65, which is comparable to the SMCF Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of BSMC and SMCF, 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

BSMC vs. SMCF - Drawdown Comparison

The maximum BSMC drawdown since its inception was -19.15%, smaller than the maximum SMCF drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for BSMC and SMCF.

Drawdown Indicators

	BSMC	SMCF	Difference
Max Drawdown Largest peak-to-trough decline	-19.15%	-28.48%	+9.33%
Max Drawdown (1Y) Largest decline over 1 year	-9.02%	-7.13%	-1.89%
Current Drawdown Current decline from peak	-2.60%	0.00%	-2.60%
Average Drawdown Average peak-to-trough decline	-2.65%	-5.19%	+2.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	2.66%	-0.11%

Volatility

BSMC vs. SMCF - Volatility Comparison

Brandes U.S. Small-Mid Cap Value ETF (BSMC) has a higher volatility of 3.71% compared to Themes US Small Cap Cash Flow Champions ETF (SMCF) at 3.23%. This indicates that BSMC's price experiences larger fluctuations and is considered to be riskier than SMCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BSMC	SMCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.71%	3.23%	+0.48%
Volatility (6M) Calculated over the trailing 6-month period	10.29%	9.86%	+0.43%
Volatility (1Y) Calculated over the trailing 1-year period	14.63%	16.10%	-1.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.06%	20.21%	-4.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.06%	20.21%	-4.15%

BSMC vs. SMCF - Expense Ratio Comparison

BSMC has a 0.70% expense ratio, which is higher than SMCF's 0.29% expense ratio.

Dividends

BSMC vs. SMCF - Dividend Comparison

BSMC's dividend yield for the trailing twelve months is around 0.95%, less than SMCF's 3.34% yield.

Position	TTM	2025	2024	2023
BSMC Brandes U.S. Small-Mid Cap Value ETF	0.95%	1.17%	1.02%	0.15%
SMCF Themes US Small Cap Cash Flow Champions ETF	3.34%	3.91%	0.61%	0.00%

Frequently Asked Questions

Can I hold both BSMC and SMCF in my portfolio?

BSMC and SMCF have a correlation of 0.75, 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 SMCF?

BSMC has higher volatility (3.71%) compared to SMCF (3.23%). In terms of maximum drawdown, BSMC dropped -19.15% vs SMCF's -28.48%.

Which ETF is better, BSMC or SMCF?

On 1-year performance, SMCF leads with 32.62% vs 23.93% for BSMC. On fees, SMCF is cheaper at 0.29% per year. On volatility, SMCF has been the lower-risk option at 3.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BSMC or SMCF?

Over the 1-year period, SMCF has performed better with a 32.62% return vs 23.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BSMC or SMCF?

SMCF is cheaper with a 0.29% expense ratio, compared with 0.70% for BSMC.

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

SMCF has the higher dividend yield at 3.34%, compared with 0.95% for BSMC.

What is the main difference between BSMC and SMCF?

They also come from different issuers: Brandes and Themes. Their fees differ too: 0.70% for BSMC and 0.29% for SMCF.

Which has better risk-adjusted returns?

SMCF currently has the higher Sharpe Ratio (2.04 vs 1.65), 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.