DSMC vs. DSTL

Last updated Aug 2, 2026

DSMC (Distillate Small/Mid Cash Flow ETF) and DSTL (Distillate U.S. Fundamental Stability & Value ETF) are both exchange-traded funds - DSMC is a Small Cap Value Equities fund actively managed by Distillate, while DSTL is a Large Cap Value Equities fund actively managed by Distillate. Both are actively managed. Over the past 3 years, DSMC returned 11.31%/yr vs 13.93%/yr for DSTL. Their correlation of 0.85 means they have usually moved in the same direction. DSMC charges 0.55%/yr vs 0.39%/yr for DSTL.

Performance

DSMC vs. DSTL - Performance Comparison

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

Returns By Period

In the year-to-date period, DSMC achieves a 20.82% return, which is significantly higher than DSTL's 12.17% return.

DSMC

• 1D: -0.24%
• 1M: 3.93%
• 6M: 13.71%
• YTD: 20.82%
• 1Y: 31.37%
• 3Y*: 11.31%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.53%

DSTL

• 1D: 0.71%
• 1M: 5.80%
• 6M: 9.62%
• YTD: 12.17%
• 1Y: 22.14%
• 3Y*: 13.93%
• 5Y*: 10.62%
• 10Y*: —
• ALL TIME*: 14.56%

*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)
DSMC Distillate Small/Mid Cash Flow ETF	$134.46K	$196.71K	$205.16K
DSTL Distillate U.S. Fundamental Stability & Value ETF	$4.24M	$3.68M	$4.46M

DSMC vs. DSTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DSMC Distillate Small/Mid Cash Flow ETF	20.82%	2.73%	2.81%	29.50%	8.50%
DSTL Distillate U.S. Fundamental Stability & Value ETF	12.17%	8.71%	12.78%	22.71%	4.47%

Correlation

The correlation between DSMC and DSTL is 0.80, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022	0.85

The correlation between DSMC and DSTL has been stable across timeframes, ranging from 0.80 to 0.85 - a consistent structural relationship.

DSMC vs. DSTL - Sectors Allocation Comparison

Sectors	DSMC	DSTL
Consumer Cyclical	16.9%	12.4%
Industrials	16.8%	13.4%
Technology	16.0%	28.6%
Energy	13.4%	5.3%
Healthcare	11.7%	22.6%
Consumer Defensive	9.8%	2.8%
Basic Materials	5.2%	0.6%
Communication Services	4.9%	6.0%
Financial Services	4.2%	7.5%
Real Estate	0.4%	-
Utilities	-	1.0%

Return for Risk

DSMC vs. DSTL — Risk / Return Rank

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

DSMC

DSMC Risk / Return Rank: 77
DSMC Sharpe Ratio Rank: 77
DSMC Sortino Ratio Rank: 81
DSMC Omega Ratio Rank: 73
DSMC Calmar Ratio Rank: 79
DSMC Martin Ratio Rank: 76

DSTL

DSTL Risk / Return Rank: 71
DSTL Sharpe Ratio Rank: 72
DSTL Sortino Ratio Rank: 77
DSTL Omega Ratio Rank: 69
DSTL Calmar Ratio Rank: 74
DSTL Martin Ratio Rank: 62

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.

DSMC vs. DSTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Distillate Small/Mid Cash Flow ETF (DSMC) and Distillate U.S. Fundamental Stability & Value ETF (DSTL). 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.

	DSMC	DSTL	Difference
Sharpe ratio: Return per unit of total volatility	1.75	1.68	+0.07
Sortino ratio: Return per unit of downside risk	2.64	2.55	+0.09
Omega ratio: Gain probability vs. loss probability	1.31	1.30	+0.01
Calmar ratio: Return relative to maximum drawdown	2.83	2.68	+0.15
Martin ratio: Return relative to average drawdown	9.69	7.71	+1.98

DSMC vs. DSTL - Sharpe Ratio Comparison

The current DSMC Sharpe Ratio is 1.75, which is comparable to the DSTL Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of DSMC and DSTL, 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

DSMC vs. DSTL - Drawdown Comparison

The maximum DSMC drawdown since its inception was -28.62%, smaller than the maximum DSTL drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for DSMC and DSTL.

Drawdown Indicators

	DSMC	DSTL	Difference
Max Drawdown Largest peak-to-trough decline	-28.62%	-33.09%	+4.47%
Max Drawdown (1Y) Largest decline over 1 year	-10.33%	-8.30%	-2.03%
Max Drawdown (3Y) Largest decline over 3 years	-28.62%	-16.92%	-11.70%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.10%	—
Current Drawdown Current decline from peak	-1.56%	-1.81%	+0.25%
Average Drawdown Average peak-to-trough decline	-5.79%	-4.11%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	2.88%	+0.13%

Volatility

DSMC vs. DSTL - Volatility Comparison

The current volatility for Distillate Small/Mid Cash Flow ETF (DSMC) is 4.34%, while Distillate U.S. Fundamental Stability & Value ETF (DSTL) has a volatility of 6.13%. This indicates that DSMC experiences smaller price fluctuations and is considered to be less risky than DSTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSMC	DSTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	6.13%	-1.79%
Volatility (6M) Calculated over the trailing 6-month period	10.47%	10.61%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	16.74%	13.26%	+3.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.18%	16.00%	+4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.18%	19.39%	+0.79%

DSMC vs. DSTL - Expense Ratio Comparison

DSMC has a 0.55% expense ratio, which is higher than DSTL's 0.39% expense ratio.

Dividends

DSMC vs. DSTL - Dividend Comparison

DSMC's dividend yield for the trailing twelve months is around 1.09%, less than DSTL's 1.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DSMC Distillate Small/Mid Cash Flow ETF	1.09%	1.18%	1.31%	1.02%	0.27%	0.00%	0.00%	0.00%
DSTL Distillate U.S. Fundamental Stability & Value ETF	1.13%	1.31%	1.34%	1.30%	1.35%	1.01%	0.83%	0.97%

Frequently Asked Questions

Can I hold both DSMC and DSTL in my portfolio?

DSMC and DSTL have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSMC or DSTL?

DSTL has higher volatility (6.13%) compared to DSMC (4.34%). In terms of maximum drawdown, DSMC dropped -28.62% vs DSTL's -33.09%.

Which ETF is better, DSMC or DSTL?

On 3-year performance, DSTL leads with 13.93% vs 11.31% for DSMC. On fees, DSTL is cheaper at 0.39% per year. On volatility, DSMC has been the lower-risk option at 4.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DSMC or DSTL?

Over the 3-year period, DSTL has performed better with a 13.93% return vs 11.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DSMC or DSTL?

DSTL is cheaper with a 0.39% expense ratio, compared with 0.55% for DSMC.

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

DSTL has the higher dividend yield at 1.13%, compared with 1.09% for DSMC.

What is the main difference between DSMC and DSTL?

DSMC is categorized as Small Cap Value Equities, while DSTL is Large Cap Value Equities. Their fees differ too: 0.55% for DSMC and 0.39% for DSTL.

Which has better risk-adjusted returns?

DSMC currently has the higher Sharpe Ratio (1.75 vs 1.68), 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.