DSMC vs. SMCF

Last updated Apr 1, 2026

Compare and contrast key facts about Distillate Small/Mid Cash Flow ETF (DSMC) and Themes US Small Cap Cash Flow Champions ETF (SMCF).

DSMC and SMCF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DSMC is an actively managed fund by Distillate. It was launched on Oct 5, 2022. SMCF is a passively managed fund by Themes that tracks the performance of the Solactive US Small Cap Cash Flow Champions Index - Benchmark TR Gross. It was launched on Dec 12, 2023.

Performance

DSMC vs. SMCF - Performance Comparison

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

DSMC vs. SMCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DSMC Distillate Small/Mid Cash Flow ETF	5.80%	2.73%	2.81%	4.98%
SMCF Themes US Small Cap Cash Flow Champions ETF	6.42%	9.56%	16.30%	4.47%

Returns By Period

In the year-to-date period, DSMC achieves a 5.80% return, which is significantly lower than SMCF's 6.42% return.

DSMC

• 1D: 1.08%
• 1M: -0.69%
• YTD: 5.80%
• 6M: 5.03%
• 1Y: 20.16%
• 3Y*: 10.77%
• 5Y*: —
• 10Y*: —

SMCF

• 1D: 1.46%
• 1M: -0.04%
• YTD: 6.42%
• 6M: 8.57%
• 1Y: 25.49%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DSMC vs. SMCF - Expense Ratio Comparison

DSMC has a 0.55% expense ratio, which is higher than SMCF's 0.29% expense ratio.

DSMC

Distillate Small/Mid Cash Flow ETF

SMCF

Themes US Small Cap Cash Flow Champions ETF

Return for Risk

DSMC vs. SMCF — Risk / Return Rank

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

DSMC

DSMC Risk / Return Rank: 49
DSMC Sharpe Ratio Rank: 48
DSMC Sortino Ratio Rank: 53
DSMC Omega Ratio Rank: 47
DSMC Calmar Ratio Rank: 50
DSMC Martin Ratio Rank: 49

SMCF

SMCF Risk / Return Rank: 63
SMCF Sharpe Ratio Rank: 63
SMCF Sortino Ratio Rank: 62
SMCF Omega Ratio Rank: 64
SMCF Calmar Ratio Rank: 62
SMCF Martin Ratio Rank: 62

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. SMCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Distillate Small/Mid Cash Flow ETF (DSMC) 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.

	DSMC	SMCF	Difference
Sharpe ratio Return per unit of total volatility	0.87	1.09	-0.22
Sortino ratio Return per unit of downside risk	1.40	1.58	-0.18
Omega ratio Gain probability vs. loss probability	1.18	1.23	-0.05
Calmar ratio Return relative to maximum drawdown	1.29	1.55	-0.27
Martin ratio Return relative to average drawdown	4.73	6.16	-1.43
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DSMC vs. SMCF - Sharpe Ratio Comparison

The current DSMC Sharpe Ratio is 0.87, which is comparable to the SMCF Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of DSMC and SMCF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DSMC	SMCF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.87	1.09	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.79	-0.12

Correlation

The correlation between DSMC and SMCF is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DSMC vs. SMCF - Dividend Comparison

DSMC's dividend yield for the trailing twelve months is around 1.20%, less than SMCF's 3.68% yield.

	TTM	2025	2024	2023	2022
DSMC Distillate Small/Mid Cash Flow ETF	1.20%	1.18%	1.31%	1.02%	0.27%
SMCF Themes US Small Cap Cash Flow Champions ETF	3.68%	3.91%	0.61%	0.00%	0.00%

Drawdowns

DSMC vs. SMCF - Drawdown Comparison

The maximum DSMC drawdown since its inception was -28.62%, roughly equal to the maximum SMCF drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for DSMC and SMCF.

Drawdown Indicators

	DSMC	SMCF	Difference
Max Drawdown Largest peak-to-trough decline	-28.62%	-28.48%	-0.14%
Max Drawdown (1Y) Largest decline over 1 year	-15.50%	-16.56%	+1.06%
Current Drawdown Current decline from peak	-3.70%	-3.37%	-0.33%
Average Drawdown Average peak-to-trough decline	-6.23%	-5.61%	-0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.21%	4.17%	+0.04%

Volatility

DSMC vs. SMCF - Volatility Comparison

Distillate Small/Mid Cash Flow ETF (DSMC) and Themes US Small Cap Cash Flow Champions ETF (SMCF) have volatilities of 4.09% and 4.02%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSMC	SMCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	4.02%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	12.06%	11.96%	+0.10%
Volatility (1Y) Calculated over the trailing 1-year period	23.31%	23.41%	-0.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.70%	20.84%	-0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.70%	20.84%	-0.14%