Performance analysis of SMRI (BUSHIDO CAPITAL US EQUITY ETF)
Annual Return
Since Sep 14, 2023, SMRI has had an average annual return of +22.78%, outperforming the benchmark SPY, which returned +22.77% annual.
| 2026 | 2025 | 2024 | 2023 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| +18.76% | +17.43% | +19.17% | +5.11% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.47% | +1.37% | -2.77% | +7.53% | +10.03% | +2.33% | +18.76% | ||||||
| 2025 | +3.51% | -0.71% | -3.29% | -2.36% | +3.80% | +5.55% | -2.23% | +5.86% | +1.88% | +0.77% | +3.13% | +0.78% | +17.43% |
| 2024 | +0.18% | +3.68% | +8.12% | -4.85% | +1.86% | -1.42% | +5.32% | +1.32% | +0.97% | -0.74% | +10.91% | -6.36% | +19.17% |
| 2023 | -3.31% | -2.43% | +6.05% | +5.06% | +5.11% |
Drawdown analysis of SMRI (BUSHIDO CAPITAL US EQUITY ETF)
The maximum drawdown for the SMRI was -18.43%, occurring on Apr 8, 2025. Recovery took 57 trading sessions.
The current SMRI drawdown is -1.02%.
Since Sep 14, 2023 SMRI has experienced the following drawdowns:
- 10% or more: 1 time
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -18.43% | Dec 6, 2024 | 82 | Apr 8, 2025 | 57 | Jul 1, 2025 | 139 |
| -6.88% | Sep 14, 2023 | 31 | Oct 27, 2023 | 23 | Nov 30, 2023 | 54 |
| -6.80% | Jan 9, 2026 | 54 | Mar 30, 2026 | 13 | Apr 17, 2026 | 67 |
| -6.18% | Mar 28, 2024 | 23 | May 1, 2024 | 51 | Jul 16, 2024 | 74 |
| -5.79% | Jul 30, 2024 | 4 | Aug 5, 2024 | 14 | Aug 23, 2024 | 18 |
| -5.71% | Jul 1, 2025 | 28 | Aug 11, 2025 | 9 | Aug 22, 2025 | 37 |
| -4.21% | Nov 12, 2025 | 6 | Nov 20, 2025 | 4 | Nov 26, 2025 | 10 |
| -4.15% | Aug 30, 2024 | 4 | Sep 6, 2024 | 9 | Sep 19, 2024 | 13 |
| -3.99% | Oct 6, 2025 | 4 | Oct 10, 2025 | 11 | Oct 27, 2025 | 15 |
| -3.33% | Oct 14, 2024 | 13 | Oct 31, 2024 | 4 | Nov 6, 2024 | 17 |
| -2.79% | Jan 2, 2024 | 10 | Jan 17, 2024 | 11 | Feb 1, 2024 | 21 |
| -2.68% | Jul 16, 2024 | 6 | Jul 24, 2024 | 4 | Jul 30, 2024 | 10 |
| -2.52% | Nov 11, 2024 | 4 | Nov 15, 2024 | 4 | Nov 21, 2024 | 8 |
| -1.96% | May 8, 2026 | 5 | May 15, 2026 | 5 | May 22, 2026 | 10 |
| -1.66% | Apr 22, 2026 | 1 | Apr 23, 2026 | 5 | Apr 30, 2026 | 6 |
| -1.62% | Dec 11, 2025 | 3 | Dec 16, 2025 | 13 | Jan 6, 2026 | 16 |
| -1.62% | Feb 12, 2024 | 1 | Feb 13, 2024 | 2 | Feb 15, 2024 | 3 |
| -1.57% | Oct 27, 2025 | 6 | Nov 4, 2025 | 5 | Nov 11, 2025 | 11 |
| -1.32% | Sep 11, 2025 | 2 | Sep 15, 2025 | 7 | Sep 24, 2025 | 9 |
| -1.32% | Dec 19, 2023 | 1 | Dec 20, 2023 | 2 | Dec 22, 2023 | 3 |
| -1.14% | Dec 1, 2023 | 3 | Dec 6, 2023 | 3 | Dec 11, 2023 | 6 |
| -1.02% | Jun 1, 2026 | 1 | Jun 2, 2026 | Ongoing | Ongoing | Ongoing |
| -1.02% | Feb 1, 2024 | 2 | Feb 5, 2024 | 5 | Feb 12, 2024 | 7 |
| -1.00% | Sep 19, 2024 | 4 | Sep 25, 2024 | 2 | Sep 27, 2024 | 6 |
| -0.80% | Dec 5, 2025 | 1 | Dec 8, 2025 | 2 | Dec 10, 2025 | 3 |