SMRI vs. SEIV

Last updated Jun 4, 2026

SMRI (Bushido Capital US Equity ETF) and SEIV (SEI Enhanced US Large Cap Value Factor ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, SMRI returned 35.67% vs 44.72% for SEIV. Their correlation of 0.82 suggests significant overlap in exposure. SMRI charges 0.71%/yr vs 0.15%/yr for SEIV.

Performance

SMRI vs. SEIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bushido Capital US Equity ETF (SMRI) and SEI Enhanced US Large Cap Value Factor ETF (SEIV). 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 SMRI having a 18.58% return and SEIV slightly lower at 18.28%.

SMRI

• 1D: -0.15%
• 1M: 11.41%
• YTD: 18.58%
• 6M: 18.82%
• 1Y: 35.67%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SEIV

• 1D: -0.85%
• 1M: 10.69%
• YTD: 18.28%
• 6M: 21.23%
• 1Y: 44.72%
• 3Y*: 27.80%
• 5Y*: —
• 10Y*: —

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

SMRI vs. SEIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SMRI Bushido Capital US Equity ETF	18.58%	17.41%	19.16%	5.11%
SEIV SEI Enhanced US Large Cap Value Factor ETF	18.28%	27.43%	19.73%	9.39%

Correlation

The correlation between SMRI and SEIV is 0.77, 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	0.77
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.82

The correlation between SMRI and SEIV has been stable across timeframes, ranging from 0.77 to 0.82 - a consistent structural relationship.

Return for Risk

SMRI vs. SEIV — Risk / Return Rank

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

SMRI

SMRI Risk / Return Rank: 80
SMRI Sharpe Ratio Rank: 77
SMRI Sortino Ratio Rank: 79
SMRI Omega Ratio Rank: 74
SMRI Calmar Ratio Rank: 89
SMRI Martin Ratio Rank: 83

SEIV

SEIV Risk / Return Rank: 93
SEIV Sharpe Ratio Rank: 93
SEIV Sortino Ratio Rank: 94
SEIV Omega Ratio Rank: 93
SEIV Calmar Ratio Rank: 92
SEIV Martin Ratio Rank: 94

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. SEIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bushido Capital US Equity ETF (SMRI) and SEI Enhanced US Large Cap Value Factor ETF (SEIV). 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.

	SMRI	SEIV	Difference
Sharpe ratio: Return per unit of total volatility	2.46	3.60	-1.14
Sortino ratio: Return per unit of downside risk	3.53	4.91	-1.38
Omega ratio: Gain probability vs. loss probability	1.44	1.64	-0.20
Calmar ratio: Return relative to maximum drawdown	5.27	6.47	-1.20
Martin ratio: Return relative to average drawdown	16.62	26.41	-9.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMRI vs. SEIV - Sharpe Ratio Comparison

The current SMRI Sharpe Ratio is 2.46, which is lower than the SEIV Sharpe Ratio of 3.60. The chart below compares the historical Sharpe Ratios of SMRI and SEIV, 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

	SMRI	SEIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	3.60	-1.14
Sharpe Ratio (All Time) Calculated using the full available price history	1.44	1.23	+0.21

Drawdowns

SMRI vs. SEIV - Drawdown Comparison

The maximum SMRI drawdown since its inception was -18.45%, roughly equal to the maximum SEIV drawdown of -18.18%. Use the drawdown chart below to compare losses from any high point for SMRI and SEIV.

Drawdown Indicators

	SMRI	SEIV	Difference
Max Drawdown Largest peak-to-trough decline	-18.45%	-18.18%	-0.27%
Max Drawdown (1Y) Largest decline over 1 year	-6.80%	-6.95%	+0.15%
Max Drawdown (3Y) Largest decline over 3 years	—	-17.71%	—
Current Drawdown Current decline from peak	-1.17%	-0.85%	-0.32%
Average Drawdown Average peak-to-trough decline	-2.71%	-3.48%	+0.77%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.15%	1.70%	+0.45%

Volatility

SMRI vs. SEIV - Volatility Comparison

Bushido Capital US Equity ETF (SMRI) has a higher volatility of 5.42% compared to SEI Enhanced US Large Cap Value Factor ETF (SEIV) at 4.10%. This indicates that SMRI's price experiences larger fluctuations and is considered to be riskier than SEIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMRI	SEIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.42%	4.10%	+1.32%
Volatility (6M) Calculated over the trailing 6-month period	10.94%	9.08%	+1.86%
Volatility (1Y) Calculated over the trailing 1-year period	14.63%	12.49%	+2.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.84%	16.68%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.84%	16.68%	-0.84%

SMRI vs. SEIV - Expense Ratio Comparison

SMRI has a 0.71% expense ratio, which is higher than SEIV's 0.15% expense ratio.

Dividends

SMRI vs. SEIV - Dividend Comparison

SMRI's dividend yield for the trailing twelve months is around 0.95%, less than SEIV's 1.34% yield.

Position	TTM	2025	2024	2023	2022
SEIV SEI Enhanced US Large Cap Value Factor ETF	1.34%	1.51%	1.66%	2.08%	1.63%
SMRI Bushido Capital US Equity ETF	0.95%	1.32%	0.98%	0.45%	0.00%

Frequently Asked Questions

Can I hold both SMRI and SEIV in my portfolio?

SMRI and SEIV have a correlation of 0.77, 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 SEIV?

SMRI has higher volatility (5.42%) compared to SEIV (4.10%). In terms of maximum drawdown, SMRI dropped -18.45% vs SEIV's -18.18%.

Which ETF is better, SMRI or SEIV?

On 1-year performance, SEIV leads with 44.72% vs 35.67% for SMRI. On fees, SEIV is cheaper at 0.15% per year. On volatility, SEIV has been the lower-risk option at 4.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SMRI or SEIV?

Over the 1-year period, SEIV has performed better with a 44.72% return vs 35.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SMRI or SEIV?

SEIV is cheaper with a 0.15% expense ratio, compared with 0.71% for SMRI.

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

SEIV has the higher dividend yield at 1.34%, compared with 0.95% for SMRI.

What is the main difference between SMRI and SEIV?

They also come from different issuers: Bushido and SEI. Their fees differ too: 0.71% for SMRI and 0.15% for SEIV.

Which has better risk-adjusted returns?

SEIV currently has the higher Sharpe Ratio (3.60 vs 2.46), 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.