SURE vs. SMRI

Last updated Aug 2, 2026

SURE (AdvisorShares Insider Advantage ETF) and SMRI (Bushido Capital US Equity ETF) are both Large Cap Value Equities funds. Both are actively managed. Over the past year, SURE returned 29.80% vs 40.59% for SMRI. Their correlation of 0.83 means they have usually moved in the same direction. SURE charges 0.90%/yr vs 0.71%/yr for SMRI.

Performance

SURE vs. SMRI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AdvisorShares Insider Advantage ETF (SURE) 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, SURE achieves a 16.92% return, which is significantly lower than SMRI's 23.03% return.

SURE

• 1D: 0.26%
• 1M: 0.00%
• 6M: 13.89%
• YTD: 16.92%
• 1Y: 29.80%
• 3Y*: 15.19%
• 5Y*: 10.67%
• 10Y*: 11.32%
• ALL TIME*: 13.42%

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)
SMRI Bushido Capital US Equity ETF	$770.42K	$508.81K	$403.01K
SURE AdvisorShares Insider Advantage ETF	$52.35K	$88.28K	$83.48K

SURE vs. SMRI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SURE AdvisorShares Insider Advantage ETF	16.92%	10.58%	12.17%	9.93%
SMRI Bushido Capital US Equity ETF	23.03%	17.41%	19.16%	5.27%

Correlation

The correlation between SURE and SMRI is 0.77, 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.	0.77
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.83

The correlation between SURE and SMRI has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.

Return for Risk

SURE vs. SMRI — Risk / Return Rank

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

SURE

SURE Risk / Return Rank: 89
SURE Sharpe Ratio Rank: 88
SURE Sortino Ratio Rank: 90
SURE Omega Ratio Rank: 85
SURE Calmar Ratio Rank: 91
SURE Martin Ratio Rank: 91

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.

SURE vs. SMRI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Insider Advantage ETF (SURE) 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.

	SURE	SMRI	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.64	-0.49
Sortino ratio: Return per unit of downside risk	3.12	3.68	-0.55
Omega ratio: Gain probability vs. loss probability	1.37	1.47	-0.10
Calmar ratio: Return relative to maximum drawdown	3.96	5.75	-1.80
Martin ratio: Return relative to average drawdown	15.12	16.88	-1.76

SURE vs. SMRI - Sharpe Ratio Comparison

The current SURE Sharpe Ratio is 2.14, which is comparable to the SMRI Sharpe Ratio of 2.64. The chart below compares the historical Sharpe Ratios of SURE 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

SURE vs. SMRI - Drawdown Comparison

The maximum SURE drawdown since its inception was -35.68%, which is greater than SMRI's maximum drawdown of -18.45%. Use the drawdown chart below to compare losses from any high point for SURE and SMRI.

Drawdown Indicators

	SURE	SMRI	Difference
Max Drawdown Largest peak-to-trough decline	-35.68%	-18.45%	-17.23%
Max Drawdown (1Y) Largest decline over 1 year	-7.10%	-6.80%	-0.30%
Max Drawdown (3Y) Largest decline over 3 years	-21.54%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.75%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.68%	—	—
Current Drawdown Current decline from peak	-0.80%	-0.51%	-0.29%
Average Drawdown Average peak-to-trough decline	-4.80%	-2.72%	-2.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.86%	2.32%	-0.46%

Volatility

SURE vs. SMRI - Volatility Comparison

The current volatility for AdvisorShares Insider Advantage ETF (SURE) is 3.02%, while Bushido Capital US Equity ETF (SMRI) has a volatility of 3.61%. This indicates that SURE experiences smaller price fluctuations and is considered to be less risky than SMRI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SURE	SMRI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.02%	3.61%	-0.59%
Volatility (6M) Calculated over the trailing 6-month period	9.42%	11.80%	-2.38%
Volatility (1Y) Calculated over the trailing 1-year period	13.19%	15.09%	-1.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.07%	15.84%	+1.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.50%	15.84%	+1.66%

SURE vs. SMRI - Expense Ratio Comparison

SURE has a 0.90% expense ratio, which is higher than SMRI's 0.71% expense ratio.

Dividends

SURE vs. SMRI - Dividend Comparison

SURE's dividend yield for the trailing twelve months is around 0.87%, more than SMRI's 0.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SMRI Bushido Capital US Equity ETF	0.86%	1.32%	0.98%	0.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SURE AdvisorShares Insider Advantage ETF	0.87%	1.01%	0.68%	1.11%	1.72%	1.08%	1.28%	1.09%	1.26%	0.65%	1.14%	0.77%

Frequently Asked Questions

Can I hold both SURE and SMRI in my portfolio?

SURE and SMRI 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, SURE or SMRI?

SMRI has higher volatility (3.61%) compared to SURE (3.02%). In terms of maximum drawdown, SURE dropped -35.68% vs SMRI's -18.45%.

Which ETF is better, SURE or SMRI?

On 1-year performance, SMRI leads with 40.59% vs 29.80% for SURE. On fees, SMRI is cheaper at 0.71% per year. On volatility, SURE has been the lower-risk option at 3.02%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SURE or SMRI?

Over the 1-year period, SMRI has performed better with a 40.59% return vs 29.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SURE or SMRI?

SMRI is cheaper with a 0.71% expense ratio, compared with 0.90% for SURE.

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

SURE and SMRI have nearly identical dividend yields, around 0.87%.

What is the main difference between SURE and SMRI?

They also come from different issuers: AdvisorShares and Bushido. Their fees differ too: 0.90% for SURE and 0.71% for SMRI.

Which has better risk-adjusted returns?

SMRI currently has the higher Sharpe Ratio (2.64 vs 2.14), 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.