Bushido Capital US Equity ETF
$46.19+0.13 (+0.27%)
- 0.71%
- $689M
- +39.2%
- 1.45%
- 0M sh
- $46.01
- low $33.88high $50.48
The ETF.net SMRI Grade
C
Score 47 out of 100
- 36 of 66
Score 47 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.F24 out of 100Rank 50 of 66Mission
Whether the fund did what it promised, tested against its stated mandate.A74 out of 100Rank 15 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B55 out of 100Rank 32 of 63Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B63 out of 100Rank 15 of 66Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A75 out of 100Rank 14 of 66Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B66 out of 100Rank 20 of 66
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
- 52
- 22%
- VST
Geography
- United States95.90%
- Ireland4.10%
SMRI 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.Not enough history yet.
SMRI$13,918
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 | SMRI |
|---|---|
| Year to date | +29.0% |
| 1 month | −2.4% |
| 3 months | +9.9% |
| 1 year | +39.2% |
| 3 years | +25.4% |
| 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 | +29.0% | |
| 2025 | +17.4% | |
| 2024 | +19.2% | |
| 2023 | +5.1% |
SMRI in the news
SMRI Dividends
- 1.45%
- $0.67
- $0.44 per share
- Quarterly
Distribution history
SMRI Risk
- 16.1%
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.
- 1.14
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.
- 0.90
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
0.71%
SMRI0.71%
- The middle half of US Active Value funds
- Median 0.55%
49 of the 66 US Active Value funds charge less.
Other funds in US Active Value
- CJDVLJohn Hancock Exchange Traded Fund Trust - John Hancock Discipline Value Select ETFExpense ratio 0.56%1 year return +25.7%
- CDUSADavis Select U.S. Equity ETFExpense ratio 0.59%1 year return +21.5%
- CTAXEA Series Trust - Cambria Tax Aware ETFExpense ratio 0.54%1 year return +13.1%
- COAKMOakmark U.S. Large Cap ETFExpense ratio 0.64%1 year return +18.8%
- CMDLVMorgan Dempsey Large Cap Value ETFExpense ratio 0.58%1 year return +15.1%