Bushido Capital US Equity ETF
$46.03−0.42 (−0.90%)
- Expense ratio
- 0.71%
- Fund size
- $697M
- 1Y return
- +36.1%
- Yield · Last 12 months
- 0.82%
- Volume · 30D
- 0M sh
- NAV per share
- $46.75
- 52W range
The ETF.net SMRI Grade
Score 47 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 24Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 72Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 62Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 58Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 71Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 66Category rank
Our read on SMRI
CBushido runs a hands-on value book: fundamental stock picking that mixes quantitative screens with human judgment, in a corner of the market dominated by cheap rules-based factor products. Concentrated by design, and priced like the active fund it is.
The Fund seeks long-term capital appreciation.
Why people hold it
- Genuinely active, not an index in disguise: a fundamental value approach combining quantitative and qualitative analysis, run by sub-adviser Sepio Capital.etfarchitect.com
- Concentrated by design: a few dozen U.S. listed stocks rather than a sprawling factor sweep, so individual picks carry real weight in the portfolio.etfarchitect.comstockanalysis.com
- The portfolio matches the label closely: at least 80% in U.S. listed common stock, selected on profitability, quality and value. Income is paid quarterly.etfarchitect.com
Worth knowing
- 0.72% a year, above the 0.55% median for U.S. value peers and multiples of systematic options like AVLV (0.15%) and DFLV (0.21%). Active judgment is the thing you're paying for.
- Thinly traded. Limit orders and mid-session fills matter more here than with the household-name value funds.
- No industry concentration on paper, but the stock selection process can leave the book leaning on a small number of sectors, and those sectors shift over time.etfarchitect.com
SMRI Holdings
- Stocks
- —
- 26%
- MPC
Geography
- United States95.63%
- Ireland4.37%
SMRI Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | SMRI |
|---|---|
| Year to date | +28.9% |
| 1 month | −4.6% |
| 3 months | +13.8% |
| 1 year | +36.1% |
| 3 years | +25.2% |
| 5 years | — |
| 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 | SMRI |
|---|---|---|
| 2026 YTD | +28.9% | |
| 2025 | +17.4% | |
| 2024 | +19.2% | |
| 2023 | +5.1% |
SMRI in the news
ETF.net Research hasn’t filed on SMRI yet — coverage lands here as it’s written.
SMRI Dividends
- 0.82%
- $0.38
- $0.03 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 29, 2026 | Jun 30, 2026 | $0.03 |
| Mar 30, 2026 | Mar 31, 2026 | $0.07 |
| Dec 23, 2025 | Dec 24, 2025 | $0.13 |
| Sep 29, 2025 | Sep 30, 2025 | $0.15 |
| Jun 27, 2025 | Jun 30, 2025 | $0.06 |
| Mar 28, 2025 | Mar 31, 2025 | $0.14 |
| Dec 30, 2024 | Dec 31, 2024 | $0.31 |
| Dec 20, 2023 | Dec 22, 2023 | $0.12 |
SMRI Risk
- 15.3%
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.
- 1.41
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.
- −18.4%
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.
- 0.86
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
SMRI Cost
- The middle half of US Active Value funds
- Median 0.55%
49 of the 66 US Active Value funds charge less.