EBIT vs. SMCF

Last updated Jun 5, 2026

EBIT (Harbor AlphaEdge Small Cap Earners ETF) and SMCF (Themes US Small Cap Cash Flow Champions ETF) are both Small Cap Value Equities funds - EBIT tracks the Harbor AlphaEdge Small Cap Earners Index while SMCF tracks the Solactive US Small Cap Cash Flow Champions Index - Benchmark TR Gross. Both are passively managed. Over the past year, EBIT returned 29.56% vs 35.72% for SMCF. Their correlation of 0.91 suggests significant overlap in exposure. Both charge a 0.29% expense ratio.

Performance

EBIT vs. SMCF - Performance Comparison

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

Returns By Period

In the year-to-date period, EBIT achieves a 13.93% return, which is significantly lower than SMCF's 15.16% return.

EBIT

• 1D: 1.64%
• 1M: 0.55%
• YTD: 13.93%
• 6M: 12.68%
• 1Y: 29.56%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMCF

• 1D: 1.24%
• 1M: -1.23%
• YTD: 15.16%
• 6M: 14.89%
• 1Y: 35.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EBIT vs. SMCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024
EBIT Harbor AlphaEdge Small Cap Earners ETF	13.93%	6.85%	8.29%
SMCF Themes US Small Cap Cash Flow Champions ETF	15.16%	9.56%	10.59%

Correlation

The correlation between EBIT and SMCF is 0.90, 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	0.90
Correlation (All Time) Calculated using the full available price history since Jul 11, 2024	0.91

The correlation between EBIT and SMCF has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

EBIT vs. SMCF - Sectors Allocation Comparison

Sectors	EBIT	SMCF
Financial Services	25.5%	50.0%
Consumer Cyclical	14.4%	2.6%
Industrials	13.3%	9.8%
Energy	11.7%	18.2%
Technology	7.7%	11.0%
Real Estate	7.2%	0.5%
Healthcare	4.2%	4.4%
Communication Services	3.7%	1.5%
Basic Materials	3.6%	0.6%
Utilities	3.4%	-
Consumer Defensive	3.2%	1.4%

Return for Risk

EBIT vs. SMCF — Risk / Return Rank

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

EBIT

EBIT Risk / Return Rank: 58
EBIT Sharpe Ratio Rank: 51
EBIT Sortino Ratio Rank: 55
EBIT Omega Ratio Rank: 51
EBIT Calmar Ratio Rank: 73
EBIT Martin Ratio Rank: 59

SMCF

SMCF Risk / Return Rank: 74
SMCF Sharpe Ratio Rank: 69
SMCF Sortino Ratio Rank: 72
SMCF Omega Ratio Rank: 67
SMCF Calmar Ratio Rank: 88
SMCF Martin Ratio Rank: 72

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.

EBIT vs. SMCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor AlphaEdge Small Cap Earners ETF (EBIT) 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.

	EBIT	SMCF	Difference
Sharpe ratio: Return per unit of total volatility	1.73	2.23	-0.49
Sortino ratio: Return per unit of downside risk	2.59	3.18	-0.59
Omega ratio: Gain probability vs. loss probability	1.31	1.40	-0.09
Calmar ratio: Return relative to maximum drawdown	3.56	5.03	-1.47
Martin ratio: Return relative to average drawdown	10.21	13.54	-3.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EBIT vs. SMCF - Sharpe Ratio Comparison

The current EBIT Sharpe Ratio is 1.73, which is comparable to the SMCF Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of EBIT and SMCF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	EBIT	SMCF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.73	2.23	-0.49
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.94	-0.20

Drawdowns

EBIT vs. SMCF - Drawdown Comparison

The maximum EBIT drawdown since its inception was -26.64%, smaller than the maximum SMCF drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for EBIT and SMCF.

Drawdown Indicators

	EBIT	SMCF	Difference
Max Drawdown Largest peak-to-trough decline	-26.64%	-28.48%	+1.84%
Max Drawdown (1Y) Largest decline over 1 year	-8.34%	-7.13%	-1.21%
Current Drawdown Current decline from peak	0.00%	-1.23%	+1.23%
Average Drawdown Average peak-to-trough decline	-6.54%	-5.28%	-1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.90%	2.65%	+0.25%

Volatility

EBIT vs. SMCF - Volatility Comparison

Harbor AlphaEdge Small Cap Earners ETF (EBIT) has a higher volatility of 4.09% compared to Themes US Small Cap Cash Flow Champions ETF (SMCF) at 3.49%. This indicates that EBIT's price experiences larger fluctuations and is considered to be riskier than SMCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EBIT	SMCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	3.49%	+0.60%
Volatility (6M) Calculated over the trailing 6-month period	10.82%	10.06%	+0.76%
Volatility (1Y) Calculated over the trailing 1-year period	17.13%	16.13%	+1.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.25%	20.31%	+0.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.25%	20.31%	+0.94%

EBIT vs. SMCF - Expense Ratio Comparison

Both EBIT and SMCF have an expense ratio of 0.29%.

Dividends

EBIT vs. SMCF - Dividend Comparison

EBIT's dividend yield for the trailing twelve months is around 1.75%, less than SMCF's 3.40% yield.

Position	TTM	2025	2024
EBIT Harbor AlphaEdge Small Cap Earners ETF	1.75%	2.00%	2.40%
SMCF Themes US Small Cap Cash Flow Champions ETF	3.40%	3.91%	0.61%

Frequently Asked Questions

Can I hold both EBIT and SMCF in my portfolio?

EBIT and SMCF have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EBIT or SMCF?

EBIT has higher volatility (4.09%) compared to SMCF (3.49%). In terms of maximum drawdown, EBIT dropped -26.64% vs SMCF's -28.48%.

Which ETF is better, EBIT or SMCF?

On 1-year performance, SMCF leads with 35.72% vs 29.56% for EBIT. Both ETFs have the same 0.29% expense ratio. On volatility, SMCF has been the lower-risk option at 3.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EBIT or SMCF?

Over the 1-year period, SMCF has performed better with a 35.72% return vs 29.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EBIT or SMCF?

EBIT and SMCF have the same expense ratio: 0.29% per year.

Which ETF pays a higher dividend yield, EBIT or SMCF?

SMCF has the higher dividend yield at 3.40%, compared with 1.75% for EBIT.

What is the main difference between EBIT and SMCF?

EBIT tracks Harbor AlphaEdge Small Cap Earners Index, while SMCF tracks Solactive US Small Cap Cash Flow Champions Index - Benchmark TR Gross. They also come from different issuers: Harbor and Themes.

Which has better risk-adjusted returns?

SMCF currently has the higher Sharpe Ratio (2.23 vs 1.73), 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.