DVGR vs. SMRI

Last updated Aug 2, 2026

DVGR (DAC 3D Dividend Growth ETF) and SMRI (Bushido Capital US Equity ETF) are both Large Cap Value Equities funds. Both are actively managed. Their 0.64 correlation means they have sometimes moved together and sometimes differently. DVGR charges 0.65%/yr vs 0.71%/yr for SMRI.

Performance

DVGR vs. SMRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in DAC 3D Dividend Growth ETF (DVGR) 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, DVGR achieves a 9.35% return, which is significantly lower than SMRI's 23.03% return.

DVGR

• 1D: -0.19%
• 1M: 2.76%
• 6M: 6.96%
• YTD: 9.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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)
DVGR DAC 3D Dividend Growth ETF	$154.80K	$105.54K	$58.19K
SMRI Bushido Capital US Equity ETF	$770.42K	$508.81K	$403.01K

DVGR vs. SMRI - Yearly Performance Comparison

	2026 (YTD)	2025
DVGR DAC 3D Dividend Growth ETF	9.35%	-0.69%
SMRI Bushido Capital US Equity ETF	23.03%	0.14%

Correlation

The correlation between DVGR and SMRI is 0.64, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 5, 2025	0.64

Return for Risk

DVGR vs. SMRI — Risk / Return Rank

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

DVGR

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

DVGR vs. SMRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for DAC 3D Dividend Growth ETF (DVGR) 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.

	DVGR	SMRI	Difference
Sharpe ratio: Return per unit of total volatility	—	2.64	—
Sortino ratio: Return per unit of downside risk	—	3.68	—
Omega ratio: Gain probability vs. loss probability	—	1.47	—
Calmar ratio: Return relative to maximum drawdown	—	5.75	—
Martin ratio: Return relative to average drawdown	—	16.88	—

Drawdowns

DVGR vs. SMRI - Drawdown Comparison

The maximum DVGR drawdown since its inception was -8.19%, smaller than the maximum SMRI drawdown of -18.45%. Use the drawdown chart below to compare losses from any high point for DVGR and SMRI.

Drawdown Indicators

	DVGR	SMRI	Difference
Max Drawdown Largest peak-to-trough decline	-8.19%	-18.45%	+10.26%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.80%	—
Current Drawdown Current decline from peak	-0.19%	-0.51%	+0.32%
Average Drawdown Average peak-to-trough decline	-1.86%	-2.72%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.32%	—

Volatility

Volatility by Period

	DVGR	SMRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.61%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.80%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.83%	15.09%	-2.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.83%	15.84%	-3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.83%	15.84%	-3.01%

DVGR vs. SMRI - Expense Ratio Comparison

DVGR has a 0.65% expense ratio, which is lower than SMRI's 0.71% expense ratio.

Dividends

DVGR vs. SMRI - Dividend Comparison

DVGR's dividend yield for the trailing twelve months is around 0.60%, less than SMRI's 0.86% yield.

Position	TTM	2025	2024	2023
DVGR DAC 3D Dividend Growth ETF	0.60%	0.05%	0.00%	0.00%
SMRI Bushido Capital US Equity ETF	0.86%	1.32%	0.98%	0.45%

Frequently Asked Questions

Can I hold both DVGR and SMRI in my portfolio?

DVGR and SMRI have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DVGR or SMRI?

On fees, DVGR is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DVGR or SMRI?

DVGR is cheaper with a 0.65% expense ratio, compared with 0.71% for SMRI.

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

SMRI has the higher dividend yield at 0.86%, compared with 0.60% for DVGR.

What is the main difference between DVGR and SMRI?

They also come from different issuers: DAC and Bushido. Their fees differ too: 0.65% for DVGR and 0.71% for SMRI.