In recent years, there has been increased interest in studying cancer by using algorithmic methods to infer the evolutionary tree underlying a tumor's developmental history. Quantitative measures that compare such trees are then vital to benchmarking these algorithmic tree inference methods, understanding the structure of the space of possible trees for a given dataset, and clustering together similar trees in order to evaluate inheritance patterns. However, few appropriate distance measures exist, and those that do exist have low resolution for differentiating trees or do not fully account for the complex relationship between tree topology and how the mutations that label that topology are inherited. Here we present two novel distance measures, Common Ancestor Set distance (CASet) and Distinctly Inherited Set Comparison distance (DISC), that are specifically designed to account for the subclonal mutation inheritance patterns characteristic of tumor evolutionary trees. We apply CASet and DISC to two simulated and two breast cancer datasets and show that our distance measures allow for more nuanced and accurate delineation between tumor evolutionary trees than existing distance measures. Implementations of CASet and DISC are available at: https://bitbucket.org/oesperlab/stereodist.