DSTL vs. SMRI

Last updated Aug 2, 2026

DSTL (Distillate U.S. Fundamental Stability & Value ETF) and SMRI (Bushido Capital US Equity ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, DSTL returned 21.28% vs 40.59% for SMRI. Their correlation of 0.87 means they have usually moved in the same direction. DSTL charges 0.39%/yr vs 0.71%/yr for SMRI.

Performance

DSTL vs. SMRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Distillate U.S. Fundamental Stability & Value ETF (DSTL) and Bushido Capital US Equity ETF (SMRI). 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 SMRI's 23.03% 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%

SMRI

• 1D: 0.38%
• 1M: 5.51%
• 6M: 23.61%
• YTD: 23.03%
• 1Y: 40.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.95%

*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)
DSTL Distillate U.S. Fundamental Stability & Value ETF	$4.23M	$3.71M	$4.59M
SMRI Bushido Capital US Equity ETF	$770.42K	$508.81K	$403.01K

DSTL vs. SMRI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DSTL Distillate U.S. Fundamental Stability & Value ETF	11.38%	8.71%	12.78%	8.92%
SMRI Bushido Capital US Equity ETF	23.03%	17.41%	19.16%	5.27%

Correlation

The correlation between DSTL and SMRI is 0.85, 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.	0.85
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.87

The correlation between DSTL and SMRI has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

Return for Risk

DSTL vs. SMRI — 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

SMRI

SMRI Risk / Return Rank: 94
SMRI Sharpe Ratio Rank: 94
SMRI Sortino Ratio Rank: 94
SMRI Omega Ratio Rank: 92
SMRI Calmar Ratio Rank: 95
SMRI Martin Ratio Rank: 93

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. SMRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Distillate U.S. Fundamental Stability & Value ETF (DSTL) and Bushido Capital US Equity ETF (SMRI). 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	SMRI	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.64	-1.09
Sortino ratio: Return per unit of downside risk	2.37	3.68	-1.30
Omega ratio: Gain probability vs. loss probability	1.27	1.47	-0.19
Calmar ratio: Return relative to maximum drawdown	2.47	5.75	-3.28
Martin ratio: Return relative to average drawdown	7.12	16.88	-9.75

DSTL vs. SMRI - Sharpe Ratio Comparison

The current DSTL Sharpe Ratio is 1.55, which is lower than the SMRI Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of DSTL and SMRI, 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. SMRI - Drawdown Comparison

The maximum DSTL drawdown since its inception was -33.09%, which is greater than SMRI's maximum drawdown of -18.45%. Use the drawdown chart below to compare losses from any high point for DSTL and SMRI.

Drawdown Indicators

	DSTL	SMRI	Difference
Max Drawdown Largest peak-to-trough decline	-33.09%	-18.45%	-14.64%
Max Drawdown (1Y) Largest decline over 1 year	-8.30%	-6.80%	-1.50%
Max Drawdown (3Y) Largest decline over 3 years	-16.92%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-20.10%	—	—
Current Drawdown Current decline from peak	-2.50%	-0.51%	-1.99%
Average Drawdown Average peak-to-trough decline	-4.11%	-2.72%	-1.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.88%	2.32%	+0.56%

Volatility

DSTL vs. SMRI - Volatility Comparison

Distillate U.S. Fundamental Stability & Value ETF (DSTL) has a higher volatility of 6.39% compared to Bushido Capital US Equity ETF (SMRI) at 3.61%. This indicates that DSTL's price experiences larger fluctuations and is considered to be riskier than SMRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DSTL	SMRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.39%	3.61%	+2.78%
Volatility (6M) Calculated over the trailing 6-month period	10.59%	11.80%	-1.21%
Volatility (1Y) Calculated over the trailing 1-year period	13.36%	15.09%	-1.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.00%	15.84%	+0.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.39%	15.84%	+3.55%

DSTL vs. SMRI - Expense Ratio Comparison

DSTL has a 0.39% expense ratio, which is lower than SMRI's 0.71% expense ratio.

Dividends

DSTL vs. SMRI - Dividend Comparison

DSTL's dividend yield for the trailing twelve months is around 1.13%, more than SMRI's 0.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DSTL Distillate U.S. Fundamental Stability & Value ETF	1.13%	1.31%	1.34%	1.30%	1.35%	1.01%	0.83%	0.97%
SMRI Bushido Capital US Equity ETF	0.86%	1.32%	0.98%	0.45%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DSTL and SMRI in my portfolio?

DSTL and SMRI have a correlation of 0.85, 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 SMRI?

DSTL has higher volatility (6.39%) compared to SMRI (3.61%). In terms of maximum drawdown, DSTL dropped -33.09% vs SMRI's -18.45%.

Which ETF is better, DSTL or SMRI?

On 1-year performance, SMRI leads with 40.59% vs 21.28% for DSTL. On fees, DSTL is cheaper at 0.39% per year. On volatility, SMRI has been the lower-risk option at 3.61%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DSTL or SMRI?

Over the 1-year period, SMRI has performed better with a 40.59% return vs 21.28%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DSTL or SMRI?

DSTL is cheaper with a 0.39% expense ratio, compared with 0.71% for SMRI.

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

DSTL has the higher dividend yield at 1.13%, compared with 0.86% for SMRI.

What is the main difference between DSTL and SMRI?

They also come from different issuers: Distillate and Bushido. Their fees differ too: 0.39% for DSTL and 0.71% for SMRI.

Which has better risk-adjusted returns?

SMRI currently has the higher Sharpe Ratio (2.64 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.