Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
How It Works 
News - Chart
- Upturn Summary
- Fund Details
Upturn AI Summary
Bushido Capital US Equity ETF(SMRI)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for SMRI
10/28/2026: SMRI (2-star) is currently NOT-A-BUY. Pass it for now.
The Bushido Capital US Equity ETF (SMRI) is an actively managed fund that uses a quantitative, factor-based approach to select US equities. Its main strengths include a disciplined, emotion-free selection process that targets quality and momentum factors. It is best used as a core or satellite holding for investors seeking potential alpha over broad-market index funds. Investors must be aware of the risks associated with active management, including higher expense ratios, potential tracking error, and sector-specific concentration. It is most suitable for long-term growth-oriented investors who want exposure to a strategy that aims to outperform through systematic, rules-based equity selection.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The focus on quantitative factor selection often tilts the portfolio toward companies with strong growth signals. |
| Momentum investor | Strong fit while signal remains positive | The strategy incorporates momentum as a key factor when signals are positive. |
| Value investor | Mixed fit | While valuation is a consideration, the fund's strategy does not prioritize value over other factors. |
| Dividend/Income investor | Weak fit | The fund prioritizes capital appreciation over dividend yield generation. |
| Low-risk investor | Weak fit | The active, factor-tilted nature of the fund introduces higher volatility than a broad market index. |
Investor Profile
Ideal Investor Profile
The ideal investor is someone who believes in quantitative factor-based strategies and is looking for a core or satellite US equity holding that seeks to outperform passive benchmarks.
Suitability
The fund is best suited for long-term investors comfortable with the risks of active management, rather than active day traders or those seeking low-cost index tracking.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Medium / high | Active strategies can lead to periodic performance swings relative to the broader market. |
| Market risk | High | The fund is fully exposed to equity market downturns. |
| Concentration | Medium | Sector or factor tilts may lead to higher concentration than diversified indices. |
| Tracking/expense | Medium | Active management entails higher expense ratios and potential tracking error against benchmarks. |
| Liquidity | Medium | Lower trading volume may increase the cost of entering or exiting large positions. |
| Business/sector quality | Medium | The screening process relies on the quality of underlying company fundamentals. |
Risk Analysis
Volatility
SMRI historically exhibits volatility commensurate with its active factor tilts, often exceeding that of a market-cap-weighted index during market rotations.
Market Risk
The fund is subject to systemic risk associated with US equity markets, including economic downturns and geopolitical events that affect corporate valuations.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Market capitalization | US Large-Cap Equities | 75 | This provides core exposure to established US companies with potential for long-term growth. |
| Market capitalization | US Mid-Cap Equities | 20 | Mid-cap holdings offer a balance between growth potential and volatility compared to larger peers. |
| Cash/collateral | 5 | A small cash position is maintained to provide liquidity for rebalancing and operational needs. |
Price Behavior
Strong Uptrend
The stock has maintained a strong upward price trend across the last three quarters.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 55.43% | Avg. Invested days 85 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  5.0 | ETF Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/28/2026 |
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.
All company names, trademarks, logos, and brands are the property of their respective owners and are used for identification and informational purposes only. Use of these names, trademarks, and logos does not imply endorsement by their respective owners.