LYLD vs. SMRI

Last updated Aug 1, 2026

LYLD (Cambria Large Cap Shareholder Yield ETF) and SMRI (Bushido Capital US Equity ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, LYLD returned 27.34% vs 40.59% for SMRI. Their 0.79 correlation means they have sometimes moved together and sometimes differently. LYLD charges 0.59%/yr vs 0.71%/yr for SMRI.

Performance

LYLD vs. SMRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cambria Large Cap Shareholder Yield ETF (LYLD) 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, LYLD achieves a 17.01% return, which is significantly lower than SMRI's 23.03% return.

LYLD

• 1D: -0.14%
• 1M: 5.96%
• 6M: 12.69%
• YTD: 17.01%
• 1Y: 27.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.21%

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)
LYLD Cambria Large Cap Shareholder Yield ETF	$18.64K	$15.81K	$24.70K
SMRI Bushido Capital US Equity ETF	$770.42K	$508.81K	$403.01K

LYLD vs. SMRI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
LYLD Cambria Large Cap Shareholder Yield ETF	17.01%	12.90%	1.20%
SMRI Bushido Capital US Equity ETF	23.03%	17.41%	9.87%

Correlation

The correlation between LYLD and SMRI is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (All Time) Calculated using the full available price history since Jul 12, 2024	0.79

The correlation between LYLD and SMRI has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.

Return for Risk

LYLD vs. SMRI — Risk / Return Rank

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

LYLD

LYLD Risk / Return Rank: 88
LYLD Sharpe Ratio Rank: 90
LYLD Sortino Ratio Rank: 92
LYLD Omega Ratio Rank: 88
LYLD Calmar Ratio Rank: 86
LYLD Martin Ratio Rank: 83

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.

LYLD vs. SMRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cambria Large Cap Shareholder Yield ETF (LYLD) 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.

	LYLD	SMRI	Difference
Sharpe ratio: Return per unit of total volatility	2.26	2.64	-0.37
Sortino ratio: Return per unit of downside risk	3.35	3.68	-0.33
Omega ratio: Gain probability vs. loss probability	1.40	1.47	-0.07
Calmar ratio: Return relative to maximum drawdown	3.35	5.75	-2.40
Martin ratio: Return relative to average drawdown	11.47	16.88	-5.41

LYLD vs. SMRI - Sharpe Ratio Comparison

The current LYLD Sharpe Ratio is 2.26, which is comparable to the SMRI Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of LYLD 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

LYLD vs. SMRI - Drawdown Comparison

The maximum LYLD drawdown since its inception was -18.64%, roughly equal to the maximum SMRI drawdown of -18.45%. Use the drawdown chart below to compare losses from any high point for LYLD and SMRI.

Drawdown Indicators

	LYLD	SMRI	Difference
Max Drawdown Largest peak-to-trough decline	-18.64%	-18.45%	-0.19%
Max Drawdown (1Y) Largest decline over 1 year	-7.70%	-6.80%	-0.90%
Current Drawdown Current decline from peak	-0.72%	-0.51%	-0.21%
Average Drawdown Average peak-to-trough decline	-3.45%	-2.72%	-0.73%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.25%	2.32%	-0.07%

Volatility

LYLD vs. SMRI - Volatility Comparison

Cambria Large Cap Shareholder Yield ETF (LYLD) and Bushido Capital US Equity ETF (SMRI) have volatilities of 3.48% and 3.61%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LYLD	SMRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	3.61%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	7.95%	11.80%	-3.85%
Volatility (1Y) Calculated over the trailing 1-year period	11.42%	15.09%	-3.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.35%	15.84%	-0.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.35%	15.84%	-0.49%

LYLD vs. SMRI - Expense Ratio Comparison

LYLD has a 0.59% expense ratio, which is lower than SMRI's 0.71% expense ratio.

Dividends

LYLD vs. SMRI - Dividend Comparison

LYLD's dividend yield for the trailing twelve months is around 2.00%, more than SMRI's 0.86% yield.

Position	TTM	2025	2024	2023
LYLD Cambria Large Cap Shareholder Yield ETF	2.00%	2.79%	0.72%	0.00%
SMRI Bushido Capital US Equity ETF	0.86%	1.32%	0.98%	0.45%

Frequently Asked Questions

Can I hold both LYLD and SMRI in my portfolio?

LYLD and SMRI have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LYLD or SMRI?

SMRI has higher volatility (3.61%) compared to LYLD (3.48%). In terms of maximum drawdown, LYLD dropped -18.64% vs SMRI's -18.45%.

Which ETF is better, LYLD or SMRI?

On 1-year performance, SMRI leads with 40.59% vs 27.34% for LYLD. On fees, LYLD is cheaper at 0.59% per year. On volatility, LYLD has been the lower-risk option at 3.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LYLD or SMRI?

Over the 1-year period, SMRI has performed better with a 40.59% return vs 27.34%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LYLD or SMRI?

LYLD is cheaper with a 0.59% expense ratio, compared with 0.71% for SMRI.

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

LYLD has the higher dividend yield at 2.00%, compared with 0.86% for SMRI.

What is the main difference between LYLD and SMRI?

They also come from different issuers: Cambria and Bushido. Their fees differ too: 0.59% for LYLD and 0.71% for SMRI.

Which has better risk-adjusted returns?

SMRI currently has the higher Sharpe Ratio (2.64 vs 2.26), 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.