ECML vs. SMCF

Last updated Jun 4, 2026

ECML (EA Series Trust - Euclidean Fundamental Value ETF) and SMCF (Themes US Small Cap Cash Flow Champions ETF) are both Small Cap Value Equities funds. ECML is actively managed, while SMCF is passively managed. Over the past year, ECML returned 26.84% vs 32.87% for SMCF. Their correlation of 0.87 suggests significant overlap in exposure. ECML charges 0.95%/yr vs 0.29%/yr for SMCF.

Performance

ECML vs. SMCF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in EA Series Trust - Euclidean Fundamental Value ETF (ECML) and Themes US Small Cap Cash Flow Champions ETF (SMCF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with ECML having a 14.39% return and SMCF slightly lower at 13.75%.

ECML

• 1D: 0.16%
• 1M: 1.49%
• YTD: 14.39%
• 6M: 14.23%
• 1Y: 26.84%
• 3Y*: 15.57%
• 5Y*: —
• 10Y*: —

SMCF

• 1D: -1.14%
• 1M: -1.09%
• YTD: 13.75%
• 6M: 13.63%
• 1Y: 32.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ECML vs. SMCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
ECML EA Series Trust - Euclidean Fundamental Value ETF	14.39%	6.82%	2.37%	6.55%
SMCF Themes US Small Cap Cash Flow Champions ETF	13.75%	9.56%	16.30%	4.47%

Correlation

The correlation between ECML and SMCF is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023	0.87

The correlation between ECML and SMCF has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

ECML vs. SMCF - Sectors Allocation Comparison

Sectors	ECML	SMCF
Consumer Cyclical	23.8%	2.6%
Healthcare	16.6%	4.4%
Industrials	14.2%	9.8%
Energy	13.2%	18.2%
Consumer Defensive	12.4%	1.4%
Basic Materials	10.6%	0.6%
Technology	5.3%	11.0%
Communication Services	3.9%	1.5%
Utilities	1.4%	-
Financial Services	-	50.0%
Real Estate	-	0.5%

Return for Risk

ECML vs. SMCF — Risk / Return Rank

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

ECML

ECML Risk / Return Rank: 61
ECML Sharpe Ratio Rank: 55
ECML Sortino Ratio Rank: 61
ECML Omega Ratio Rank: 53
ECML Calmar Ratio Rank: 77
ECML Martin Ratio Rank: 62

SMCF

SMCF Risk / Return Rank: 67
SMCF Sharpe Ratio Rank: 61
SMCF Sortino Ratio Rank: 63
SMCF Omega Ratio Rank: 59
SMCF Calmar Ratio Rank: 85
SMCF Martin Ratio Rank: 68

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.

ECML vs. SMCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for EA Series Trust - Euclidean Fundamental Value ETF (ECML) 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.

	ECML	SMCF	Difference
Sharpe ratio: Return per unit of total volatility	1.86	2.05	-0.20
Sortino ratio: Return per unit of downside risk	2.85	2.95	-0.11
Omega ratio: Gain probability vs. loss probability	1.32	1.36	-0.04
Calmar ratio: Return relative to maximum drawdown	3.85	4.63	-0.79
Martin ratio: Return relative to average drawdown	11.05	12.46	-1.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ECML vs. SMCF - Sharpe Ratio Comparison

The current ECML Sharpe Ratio is 1.86, which is comparable to the SMCF Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of ECML 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

	ECML	SMCF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	2.05	-0.20
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	0.91	-0.05

Drawdowns

ECML vs. SMCF - Drawdown Comparison

The maximum ECML drawdown since its inception was -24.66%, smaller than the maximum SMCF drawdown of -28.48%. Use the drawdown chart below to compare losses from any high point for ECML and SMCF.

Drawdown Indicators

	ECML	SMCF	Difference
Max Drawdown Largest peak-to-trough decline	-24.66%	-28.48%	+3.82%
Max Drawdown (1Y) Largest decline over 1 year	-7.01%	-7.13%	+0.12%
Max Drawdown (3Y) Largest decline over 3 years	-24.66%	—	—
Current Drawdown Current decline from peak	-0.27%	-2.44%	+2.17%
Average Drawdown Average peak-to-trough decline	-5.88%	-5.29%	-0.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.44%	2.65%	-0.21%

Volatility

ECML vs. SMCF - Volatility Comparison

EA Series Trust - Euclidean Fundamental Value ETF (ECML) has a higher volatility of 3.84% compared to Themes US Small Cap Cash Flow Champions ETF (SMCF) at 3.55%. This indicates that ECML'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

	ECML	SMCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	3.55%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	9.75%	10.00%	-0.25%
Volatility (1Y) Calculated over the trailing 1-year period	14.56%	16.18%	-1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.39%	20.31%	-1.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.39%	20.31%	-1.92%

ECML vs. SMCF - Expense Ratio Comparison

ECML has a 0.95% expense ratio, which is higher than SMCF's 0.29% expense ratio.

Dividends

ECML vs. SMCF - Dividend Comparison

ECML's dividend yield for the trailing twelve months is around 1.20%, less than SMCF's 3.44% yield.

Position	TTM	2025	2024	2023
ECML EA Series Trust - Euclidean Fundamental Value ETF	1.20%	1.38%	0.98%	0.77%
SMCF Themes US Small Cap Cash Flow Champions ETF	3.44%	3.91%	0.61%	0.00%

Frequently Asked Questions

Can I hold both ECML and SMCF in my portfolio?

ECML and SMCF have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ECML or SMCF?

ECML has higher volatility (3.84%) compared to SMCF (3.55%). In terms of maximum drawdown, ECML dropped -24.66% vs SMCF's -28.48%.

Which ETF is better, ECML or SMCF?

On 1-year performance, SMCF leads with 32.87% vs 26.84% for ECML. On fees, SMCF is cheaper at 0.29% per year. On volatility, SMCF has been the lower-risk option at 3.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ECML or SMCF?

Over the 1-year period, SMCF has performed better with a 32.87% return vs 26.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ECML or SMCF?

SMCF is cheaper with a 0.29% expense ratio, compared with 0.95% for ECML.

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

SMCF has the higher dividend yield at 3.44%, compared with 1.20% for ECML.

What is the main difference between ECML and SMCF?

They also come from different issuers: Euclidean and Themes. Their fees differ too: 0.95% for ECML and 0.29% for SMCF.

Which has better risk-adjusted returns?

SMCF currently has the higher Sharpe Ratio (2.05 vs 1.86), 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.