Category Review
US multifactor funds ran 30 points apart
Distillate U.S. Fundamental Stability & Value ETF
$65.88+0.23 (+0.35%)
- 0.39%
- $2.0B
- +17.1%
- 1.11%
- 0.1M sh
- $65.44
- low $56.08high $70.33
The ETF.net DSTL Grade
C
Score 50 out of 100
- 63 of 99
Score 50 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D34 out of 100Rank 64 of 99Mission
Whether the fund did what it promised, tested against its stated mandate.C50 out of 100Rank 80 of 86Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C52 out of 100Rank 46 of 97Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A74 out of 100Rank 17 of 99Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B62 out of 100Rank 37 of 98Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B57 out of 100Rank 45 of 99
Our read on DSTL
CValue, redefined by cash. DSTL screens large-cap America for low debt and steady cash flows, then buys the cheapest survivors on Distillate's normalized free-cash-flow measure rather than on P/E or book value.
The Fund seeks to track, before fees and expenses, the performance of the Distillate U.S. Fundamental Stability & Value Index.
Why people hold it
- Values companies on normalized free cash flow against enterprise value instead of P/E or book value, an approach aimed at a market full of intangible-heavy businesses.distillatecapital.com
- Quality gate comes first: it starts from roughly 500 profitable large caps, then screens out high debt and unstable cash flows before valuation enters the picture.distillatecapital.com
- Positions are weighted by free cash flow generation and rebalanced quarterly, so size follows cash produced rather than market cap. Distributions are paid quarterly.distillatecapital.com
- Live since 2018 and now a multi-billion-dollar fund, so the process has a real record rather than a backtest.
Worth knowing
- At 0.39% it costs more than plain-vanilla value funds such as VONV (0.06%) and VYM (0.04%). You are paying for the cash-flow research.
- The benchmark is Distillate's own index, so outcomes ride on one firm's proprietary cash-flow model rather than a widely used public rulebook.distillatecapital.com
- Concentrated by design: a slim slice of the large-cap universe, weighted by cash flow, so sector mix can look very different from the S&P 500.distillatecapital.com
DSTL Holdings
- Stocks
- 102
- 18%
- ABBV
Sectors
- Technology24.9%
- Health Care22.1%
- Consumer Discretionary11.4%
- Industrials11.3%
- Financials8.9%
- Communication5.9%
- Energy5.3%
- Consumer Staples5.0%
- Materials3.9%
- Utilities1.3%
Geography
- United States93.25%
- Ireland5.94%
- United Kingdom0.81%
DSTL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
DSTL$11,715
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DSTL |
|---|---|
| Year to date | +12.5% |
| 1 month | −2.1% |
| 3 months | +6.2% |
| 1 year | +17.1% |
| 3 years | +15.0% |
| 5 years | +11.2% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DSTL |
|---|---|---|
| 2026 YTD | +12.5% | |
| 2025 | +8.7% | |
| 2024 | +12.8% | |
| 2023 | +22.7% | |
| 2022 | −10.6% | |
| 2021 | +28.9% | |
| 2020 | +19.3% |
DSTL in the news
DSTL Dividends
- 1.11%
- $0.73
- $0.17 per share
- Quarterly
Distribution history
DSTL Risk
- 14.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.69
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −20.1%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.71
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DSTL Cost
0.39%
DSTL0.39%
- The middle half of US Multifactor funds
- Median 0.30%
63 of the 99 US Multifactor funds charge less.
Other funds in US Multifactor
- CBFORALPS ETF Trust - Barron's 400 ETFExpense ratio 0.65%1 year return +20.7%
- CGRPMInvesco S&P MidCap 400 GARP ETFExpense ratio 0.35%1 year return +21.4%
- CFTCSFirst Trust Capital Strength ETFExpense ratio 0.53%1 year return +5.6%
- CCPTLGlobal X Morningstar Capital Allocation Leaders ETFExpense ratio 0.35%1 year return —
- CJHSCJohn Hancock Investments - Multifactor Small Cap ETFExpense ratio 0.42%1 year return +15.0%