DSTL vs. DSMC

Last updated Aug 2, 2026

DSTL (Distillate U.S. Fundamental Stability & Value ETF) and DSMC (Distillate Small/Mid Cash Flow ETF) are both exchange-traded funds - DSTL is a Large Cap Value Equities fund actively managed by Distillate, while DSMC is a Small Cap Value Equities fund actively managed by Distillate. Both are actively managed. Over the past 3 years, DSTL returned 13.05%/yr vs 11.31%/yr for DSMC. Their correlation of 0.85 means they have usually moved in the same direction. DSTL charges 0.39%/yr vs 0.55%/yr for DSMC.

Performance

DSTL vs. DSMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Distillate U.S. Fundamental Stability & Value ETF (DSTL) 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, DSTL achieves a 11.38% return, which is significantly lower than DSMC's 20.82% return.

DSTL

• 1D: -0.37%
• 1M: 5.06%
• 6M: 9.47%
• YTD: 11.38%
• 1Y: 21.28%
• 3Y*: 13.05%
• 5Y*: 10.39%
• 10Y*: —
• ALL TIME*: 14.47%

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%

*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	$4.23M	$3.71M	$4.59M

DSTL vs. DSMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DSTL Distillate U.S. Fundamental Stability & Value ETF	11.38%	8.71%	12.78%	22.71%	4.47%
DSMC Distillate Small/Mid Cash Flow ETF	20.82%	2.73%	2.81%	29.50%	8.50%

Correlation

The correlation between DSTL and DSMC is 0.81, 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.	0.81
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 DSTL and DSMC has been stable across timeframes, ranging from 0.81 to 0.85 - a consistent structural relationship.

DSTL vs. DSMC - Sectors Allocation Comparison

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

Return for Risk

DSTL vs. DSMC — Risk / Return Rank

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

DSTL

DSTL Risk / Return Rank: 68
DSTL Sharpe Ratio Rank: 68
DSTL Sortino Ratio Rank: 74
DSTL Omega Ratio Rank: 65
DSTL Calmar Ratio Rank: 71
DSTL Martin Ratio Rank: 60

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

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.

DSTL vs. DSMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Distillate U.S. Fundamental Stability & Value ETF (DSTL) 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.

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.

	DSTL	DSMC	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.75	-0.20
Sortino ratio: Return per unit of downside risk	2.37	2.64	-0.27
Omega ratio: Gain probability vs. loss probability	1.27	1.31	-0.03
Calmar ratio: Return relative to maximum drawdown	2.47	2.83	-0.36
Martin ratio: Return relative to average drawdown	7.12	9.69	-2.57

DSTL vs. DSMC - Sharpe Ratio Comparison

The current DSTL Sharpe Ratio is 1.55, which is comparable to the DSMC Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of DSTL 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.

Drawdowns

DSTL vs. DSMC - Drawdown Comparison

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

Drawdown Indicators

	DSTL	DSMC	Difference
Max Drawdown Largest peak-to-trough decline	-33.09%	-28.62%	-4.47%
Max Drawdown (1Y) Largest decline over 1 year	-8.30%	-10.33%	+2.03%
Max Drawdown (3Y) Largest decline over 3 years	-16.92%	-28.62%	+11.70%
Max Drawdown (5Y) Largest decline over 5 years	-20.10%	—	—
Current Drawdown Current decline from peak	-2.50%	-1.56%	-0.94%
Average Drawdown Average peak-to-trough decline	-4.11%	-5.79%	+1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	3.01%	-0.13%

Volatility

DSTL vs. DSMC - Volatility Comparison

Distillate U.S. Fundamental Stability & Value ETF (DSTL) has a higher volatility of 6.39% compared to Distillate Small/Mid Cash Flow ETF (DSMC) at 4.34%. This indicates that DSTL's price experiences larger fluctuations and is considered to be riskier than DSMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSTL	DSMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.39%	4.34%	+2.05%
Volatility (6M) Calculated over the trailing 6-month period	10.59%	10.47%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	13.36%	16.74%	-3.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	20.18%	-4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	20.18%	-0.79%

DSTL vs. DSMC - Expense Ratio Comparison

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

Dividends

DSTL vs. DSMC - Dividend Comparison

DSTL's dividend yield for the trailing twelve months is around 1.13%, more than DSMC's 1.09% 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 DSTL and DSMC in my portfolio?

DSTL and DSMC have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DSTL or DSMC?

DSTL has higher volatility (6.39%) compared to DSMC (4.34%). In terms of maximum drawdown, DSTL dropped -33.09% vs DSMC's -28.62%.

Which ETF is better, DSTL or DSMC?

On 3-year performance, DSTL leads with 13.05% 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, DSTL or DSMC?

Over the 3-year period, DSTL has performed better with a 13.05% return vs 11.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DSTL or DSMC?

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

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

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

What is the main difference between DSTL and DSMC?

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

Which has better risk-adjusted returns?

DSMC currently has the higher Sharpe Ratio (1.75 vs 1.55), 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.