DSMC vs. SFLO

Last updated Jun 24, 2026

DSMC (Distillate Small/Mid Cash Flow ETF) and SFLO (Victoryshares Small Cap Free Cash Flow ETF) are both exchange-traded funds - DSMC is a Small Cap Value Equities fund actively managed by Distillate, while SFLO is a Small Cap Blend Equities fund tracking the Victory US Small Cap Free Cash Flow Index. DSMC is actively managed, while SFLO is passively managed. Over the past year, DSMC returned 24.54% vs 28.87% for SFLO. Their correlation of 0.92 suggests significant overlap in exposure. DSMC charges 0.55%/yr vs 0.49%/yr for SFLO.

Performance

DSMC vs. SFLO - Performance Comparison

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

Returns By Period

In the year-to-date period, DSMC achieves a 11.65% return, which is significantly lower than SFLO's 12.77% return.

DSMC

• 1D: 0.60%
• 1M: 0.03%
• YTD: 11.65%
• 6M: 10.44%
• 1Y: 24.54%
• 3Y*: 12.32%
• 5Y*: —
• 10Y*: —

SFLO

• 1D: 0.86%
• 1M: 0.50%
• YTD: 12.77%
• 6M: 11.84%
• 1Y: 28.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DSMC vs. SFLO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DSMC Distillate Small/Mid Cash Flow ETF	11.65%	2.73%	2.81%	1.45%
SFLO Victoryshares Small Cap Free Cash Flow ETF	12.77%	11.88%	6.54%	0.27%

Correlation

The correlation between DSMC and SFLO is 0.88, 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	0.88
Correlation (All Time) Calculated using the full available price history since Dec 21, 2023	0.92

The correlation between DSMC and SFLO has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

DSMC vs. SFLO - Sectors Allocation Comparison

Sectors	DSMC	SFLO
Consumer Cyclical	18.7%	17.2%
Technology	18.0%	28.1%
Industrials	16.6%	9.1%
Energy	14.4%	13.4%
Healthcare	11.0%	18.9%
Consumer Defensive	9.0%	4.4%
Communication Services	5.8%	7.0%
Basic Materials	3.4%	1.7%
Financial Services	3.0%	0.2%
Real Estate	0.4%	0.1%
Utilities	-	0.1%

Return for Risk

DSMC vs. SFLO — Risk / Return Rank

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

DSMC

DSMC Risk / Return Rank: 47
DSMC Sharpe Ratio Rank: 44
DSMC Sortino Ratio Rank: 48
DSMC Omega Ratio Rank: 41
DSMC Calmar Ratio Rank: 52
DSMC Martin Ratio Rank: 49

SFLO

SFLO Risk / Return Rank: 60
SFLO Sharpe Ratio Rank: 52
SFLO Sortino Ratio Rank: 54
SFLO Omega Ratio Rank: 48
SFLO Calmar Ratio Rank: 77
SFLO Martin Ratio Rank: 69

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.

DSMC vs. SFLO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Distillate Small/Mid Cash Flow ETF (DSMC) and Victoryshares Small Cap Free Cash Flow ETF (SFLO). 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	SFLO	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.67	-0.24
Sortino ratio: Return per unit of downside risk	2.19	2.43	-0.24
Omega ratio: Gain probability vs. loss probability	1.25	1.29	-0.04
Calmar ratio: Return relative to maximum drawdown	2.39	3.72	-1.33
Martin ratio: Return relative to average drawdown	7.88	11.95	-4.07

DSMC vs. SFLO - Sharpe Ratio Comparison

The current DSMC Sharpe Ratio is 1.43, which is comparable to the SFLO Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of DSMC and SFLO, 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. SFLO - Drawdown Comparison

The maximum DSMC drawdown since its inception was -28.62%, which is greater than SFLO's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for DSMC and SFLO.

Drawdown Indicators

	DSMC	SFLO	Difference
Max Drawdown Largest peak-to-trough decline	-28.62%	-26.63%	-1.99%
Max Drawdown (1Y) Largest decline over 1 year	-10.33%	-7.80%	-2.53%
Max Drawdown (3Y) Largest decline over 3 years	-28.62%	—	—
Current Drawdown Current decline from peak	-3.13%	-3.39%	+0.26%
Average Drawdown Average peak-to-trough decline	-5.94%	-4.29%	-1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	2.42%	+0.70%

Volatility

DSMC vs. SFLO - Volatility Comparison

The current volatility for Distillate Small/Mid Cash Flow ETF (DSMC) is 4.34%, while Victoryshares Small Cap Free Cash Flow ETF (SFLO) has a volatility of 5.20%. This indicates that DSMC experiences smaller price fluctuations and is considered to be less risky than SFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSMC	SFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.34%	5.20%	-0.86%
Volatility (6M) Calculated over the trailing 6-month period	10.50%	11.67%	-1.17%
Volatility (1Y) Calculated over the trailing 1-year period	17.21%	17.37%	-0.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.30%	20.45%	-0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.30%	20.45%	-0.15%

DSMC vs. SFLO - Expense Ratio Comparison

DSMC has a 0.55% expense ratio, which is higher than SFLO's 0.49% expense ratio.

Dividends

DSMC vs. SFLO - Dividend Comparison

DSMC's dividend yield for the trailing twelve months is around 1.14%, more than SFLO's 0.82% yield.

Position	TTM	2025	2024	2023	2022
DSMC Distillate Small/Mid Cash Flow ETF	1.14%	1.18%	1.31%	1.02%	0.27%
SFLO Victoryshares Small Cap Free Cash Flow ETF	0.82%	1.04%	1.28%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DSMC and SFLO in my portfolio?

DSMC and SFLO have a correlation of 0.88, 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 SFLO?

SFLO has higher volatility (5.20%) compared to DSMC (4.34%). In terms of maximum drawdown, DSMC dropped -28.62% vs SFLO's -26.63%.

Which ETF is better, DSMC or SFLO?

On 1-year performance, SFLO leads with 28.87% vs 24.54% for DSMC. On fees, SFLO is cheaper at 0.49% 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 SFLO?

Over the 1-year period, SFLO has performed better with a 28.87% return vs 24.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DSMC or SFLO?

SFLO is cheaper with a 0.49% expense ratio, compared with 0.55% for DSMC.

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

DSMC has the higher dividend yield at 1.14%, compared with 0.82% for SFLO.

What is the main difference between DSMC and SFLO?

DSMC is categorized as Small Cap Value Equities, while SFLO is Small Cap Blend Equities. They also come from different issuers: Distillate and Victory. Their fees differ too: 0.55% for DSMC and 0.49% for SFLO.

Which has better risk-adjusted returns?

SFLO currently has the higher Sharpe Ratio (1.67 vs 1.43), 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.