SMRI vs. BASV

Last updated Jul 12, 2026

SMRI (Bushido Capital US Equity ETF) and BASV (Brown Advisory Sustainable Value ETF) are both Large Cap Value Equities funds. Over the past year, SMRI returned 28.45% vs 19.15% for BASV. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.71% expense ratio.

Performance

SMRI vs. BASV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bushido Capital US Equity ETF (SMRI) and Brown Advisory Sustainable Value ETF (BASV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMRI achieves a 17.45% return, which is significantly higher than BASV's 11.61% return.

SMRI

• 1D: 0.05%
• 1M: 2.01%
• 6M: 14.27%
• YTD: 17.45%
• 1Y: 28.45%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BASV

• 1D: 0.28%
• 1M: 2.35%
• 6M: 8.72%
• YTD: 11.61%
• 1Y: 19.15%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMRI vs. BASV - Yearly Performance Comparison

	2026 (YTD)	2025
SMRI Bushido Capital US Equity ETF	17.45%	13.44%
BASV Brown Advisory Sustainable Value ETF	11.61%	10.32%

Correlation

The correlation between SMRI and BASV is 0.73, 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	0.73
Correlation (All Time) Calculated using the full available price history since Jun 16, 2025	0.73

The correlation between SMRI and BASV has been stable across timeframes, ranging from 0.73 to 0.73 - a consistent structural relationship.

Return for Risk

SMRI vs. BASV — Risk / Return Rank

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

SMRI

SMRI Risk / Return Rank: 74
SMRI Sharpe Ratio Rank: 70
SMRI Sortino Ratio Rank: 71
SMRI Omega Ratio Rank: 67
SMRI Calmar Ratio Rank: 88
SMRI Martin Ratio Rank: 74

BASV

BASV Risk / Return Rank: 49
BASV Sharpe Ratio Rank: 48
BASV Sortino Ratio Rank: 49
BASV Omega Ratio Rank: 47
BASV Calmar Ratio Rank: 49
BASV Martin Ratio Rank: 52

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.

SMRI vs. BASV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bushido Capital US Equity ETF (SMRI) and Brown Advisory Sustainable Value ETF (BASV). 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.

	SMRI	BASV	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.34	+0.45
Sortino ratio: Return per unit of downside risk	2.56	1.97	+0.60
Omega ratio: Gain probability vs. loss probability	1.32	1.24	+0.08
Calmar ratio: Return relative to maximum drawdown	4.02	1.97	+2.05
Martin ratio: Return relative to average drawdown	10.88	6.97	+3.91

SMRI vs. BASV - Sharpe Ratio Comparison

The current SMRI Sharpe Ratio is 1.80, which is higher than the BASV Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of SMRI and BASV, 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

SMRI vs. BASV - Drawdown Comparison

The maximum SMRI drawdown since its inception was -18.45%, which is greater than BASV's maximum drawdown of -9.43%. Use the drawdown chart below to compare losses from any high point for SMRI and BASV.

Drawdown Indicators

	SMRI	BASV	Difference
Max Drawdown Largest peak-to-trough decline	-18.45%	-9.43%	-9.02%
Max Drawdown (1Y) Largest decline over 1 year	-6.80%	-9.43%	+2.63%
Current Drawdown Current decline from peak	-2.12%	0.00%	-2.12%
Average Drawdown Average peak-to-trough decline	-2.75%	-1.60%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	2.66%	-0.13%

Volatility

SMRI vs. BASV - Volatility Comparison

Bushido Capital US Equity ETF (SMRI) has a higher volatility of 4.64% compared to Brown Advisory Sustainable Value ETF (BASV) at 3.93%. This indicates that SMRI's price experiences larger fluctuations and is considered to be riskier than BASV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMRI	BASV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	3.93%	+0.71%
Volatility (6M) Calculated over the trailing 6-month period	11.85%	10.85%	+1.00%
Volatility (1Y) Calculated over the trailing 1-year period	15.19%	13.80%	+1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.90%	13.56%	+2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.90%	13.56%	+2.34%

SMRI vs. BASV - Expense Ratio Comparison

Both SMRI and BASV have an expense ratio of 0.71%.

Dividends

SMRI vs. BASV - Dividend Comparison

SMRI's dividend yield for the trailing twelve months is around 0.90%, more than BASV's 0.37% yield.

Position	TTM	2025	2024	2023
BASV Brown Advisory Sustainable Value ETF	0.37%	0.41%	0.00%	0.00%
SMRI Bushido Capital US Equity ETF	0.90%	1.32%	0.98%	0.45%

Frequently Asked Questions

Can I hold both SMRI and BASV in my portfolio?

SMRI and BASV have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SMRI or BASV?

SMRI has higher volatility (4.64%) compared to BASV (3.93%). In terms of maximum drawdown, SMRI dropped -18.45% vs BASV's -9.43%.

Which ETF is better, SMRI or BASV?

On 1-year performance, SMRI leads with 28.45% vs 19.15% for BASV. Both ETFs have the same 0.71% expense ratio. On volatility, BASV has been the lower-risk option at 3.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SMRI or BASV?

Over the 1-year period, SMRI has performed better with a 28.45% return vs 19.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SMRI or BASV?

SMRI and BASV have the same expense ratio: 0.71% per year.

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

SMRI has the higher dividend yield at 0.90%, compared with 0.37% for BASV.

What is the main difference between SMRI and BASV?

They also come from different issuers: Bushido and Brown Advisory.

Which has better risk-adjusted returns?

SMRI currently has the higher Sharpe Ratio (1.80 vs 1.34), 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.