Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in US Small-Cap ETFs and Mutual Funds, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.
Loading graphics...
The earliest data available for this chart is Jul 9, 2013, corresponding to the inception date of SPSM
Returns By Period
As of Apr 4, 2026, the US Small-Cap ETFs and Mutual Funds returned 3.52% Year-To-Date and 10.37% of annualized return in the last 10 years.
| 1D | 1M | YTD | 6M | 1Y | 3Y* | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|---|---|
Benchmark S&P 500 Index | 0.11% | -4.18% | -3.84% | -1.98% | 21.98% | 16.86% | 10.37% | 12.29% |
Portfolio US Small-Cap ETFs and Mutual Funds | 0.45% | -3.44% | 3.52% | 4.10% | 29.03% | 12.52% | 4.90% | 10.37% |
| Portfolio components: | ||||||||
IJR iShares Core S&P Small-Cap ETF | 0.41% | -3.30% | 4.53% | 5.11% | 28.56% | 10.79% | 4.27% | 10.05% |
IWM iShares Russell 2000 ETF | 0.69% | -3.83% | 2.27% | 2.75% | 33.93% | 13.42% | 3.61% | 10.00% |
VB Vanguard Small-Cap ETF | 0.47% | -3.54% | 2.99% | 3.39% | 27.26% | 13.45% | 5.57% | 10.71% |
VBR Vanguard Small-Cap Value ETF | 0.20% | -3.60% | 3.80% | 4.63% | 25.96% | 13.63% | 7.68% | 10.27% |
VBK Vanguard Small-Cap Growth ETF | 0.82% | -3.48% | 1.84% | 1.87% | 28.84% | 13.10% | 2.50% | 10.71% |
SCHA Schwab U.S. Small-Cap ETF | 0.58% | -2.80% | 3.79% | 5.07% | 34.68% | 13.69% | 4.61% | 10.10% |
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 0.33% | -3.27% | 4.51% | 5.07% | 28.80% | 10.87% | 4.36% | 10.19% |
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares | 0.78% | -3.50% | 1.93% | 1.78% | 28.71% | 13.12% | 2.51% | 10.71% |
VSMSX Vanguard S&P Small-Cap 600 Index Fund Institutional Shares | 0.38% | -3.34% | 4.48% | 5.09% | 28.72% | 10.82% | 4.31% | 10.10% |
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 0.17% | -3.65% | 3.74% | 4.58% | 25.96% | 13.60% | 7.69% | 10.28% |
Monthly Returns
Based on dividend-adjusted daily data since Jul 10, 2013, US Small-Cap ETFs and Mutual Funds's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, your investment would double in approximately 6.4 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +16.9%, while the worst month was Mar 2020 at -22.0%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, US Small-Cap ETFs and Mutual Funds closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +9.6%, while the worst single day was Mar 16, 2020 at -13.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.11% | 2.26% | -4.73% | 1.09% | 3.52% | ||||||||
| 2025 | 3.35% | -5.27% | -6.40% | -3.04% | 5.50% | 4.39% | 1.48% | 5.82% | 1.28% | 0.01% | 1.91% | -0.09% | 8.37% |
| 2024 | -3.63% | 4.83% | 3.79% | -6.20% | 4.50% | -1.60% | 8.69% | -0.78% | 1.34% | -1.46% | 10.84% | -7.73% | 11.40% |
| 2023 | 9.89% | -1.72% | -4.24% | -1.88% | -1.71% | 8.46% | 5.24% | -4.00% | -5.77% | -5.97% | 8.88% | 11.81% | 17.90% |
| 2022 | -8.08% | 1.05% | 0.89% | -8.38% | 0.64% | -8.85% | 10.39% | -3.16% | -9.63% | 10.92% | 3.99% | -6.26% | -17.72% |
| 2021 | 4.02% | 6.86% | 2.44% | 2.88% | 0.83% | 1.08% | -2.05% | 2.05% | -2.80% | 4.34% | -3.54% | 3.71% | 21.07% |
Benchmark Metrics
US Small-Cap ETFs and Mutual Funds has an annualized alpha of -1.91%, beta of 1.07, and R² of 0.78 versus S&P 500 Index. Calculated based on daily prices since July 10, 2013.
- This portfolio participated in 113.72% of S&P 500 Index downside but only 103.94% of its upside — more exposed to losses than it benefited from rallies.
- With beta of 1.07 and R² of 0.78, this portfolio moves broadly in line with S&P 500 Index — much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.91%
- Beta
- 1.07
- R²
- 0.78
- Upside Capture
- 103.94%
- Downside Capture
- 113.72%
Expense Ratio
US Small-Cap ETFs and Mutual Funds has an expense ratio of 0.09%, which is considered low. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.
Top 10 holdings
Return for Risk
Risk / Return Rank
US Small-Cap ETFs and Mutual Funds ranks 25 for risk / return — below 25% of portfolios on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
| Portfolio | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 0.88 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.37 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.21 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.53 | 1.39 | +0.14 |
Martin ratioReturn relative to average drawdown | 6.40 | 6.43 | -0.03 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.
| Risk / Return Rank | Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Martin ratio | |
|---|---|---|---|---|---|---|
IJR iShares Core S&P Small-Cap ETF | 44 | 0.87 | 1.36 | 1.18 | 1.44 | 5.78 |
IWM iShares Russell 2000 ETF | 58 | 1.10 | 1.64 | 1.21 | 1.99 | 7.27 |
VB Vanguard Small-Cap ETF | 45 | 0.86 | 1.35 | 1.18 | 1.44 | 6.15 |
VBR Vanguard Small-Cap Value ETF | 43 | 0.86 | 1.33 | 1.18 | 1.37 | 5.57 |
VBK Vanguard Small-Cap Growth ETF | 44 | 0.83 | 1.31 | 1.17 | 1.52 | 6.01 |
SCHA Schwab U.S. Small-Cap ETF | 60 | 1.11 | 1.67 | 1.22 | 1.90 | 7.87 |
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 44 | 0.87 | 1.36 | 1.18 | 1.44 | 5.78 |
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares | 37 | 0.83 | 1.31 | 1.17 | 1.53 | 6.05 |
VSMSX Vanguard S&P Small-Cap 600 Index Fund Institutional Shares | 37 | 0.87 | 1.35 | 1.18 | 1.44 | 5.79 |
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 35 | 0.85 | 1.33 | 1.18 | 1.36 | 5.55 |
Loading graphics...
Dividends
Dividend yield
US Small-Cap ETFs and Mutual Funds provided a 1.24% dividend yield over the last twelve months.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 1.24% | 1.29% | 1.41% | 1.52% | 1.72% | 1.61% | 1.10% | 1.52% | 1.85% | 1.55% | 1.49% | 1.90% |
| Portfolio components: | ||||||||||||
IJR iShares Core S&P Small-Cap ETF | 1.27% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
IWM iShares Russell 2000 ETF | 1.01% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
VB Vanguard Small-Cap ETF | 1.32% | 1.33% | 1.30% | 1.55% | 1.59% | 1.24% | 1.14% | 1.39% | 1.67% | 1.35% | 1.50% | 1.48% |
VBR Vanguard Small-Cap Value ETF | 1.89% | 1.95% | 1.98% | 2.12% | 2.03% | 1.75% | 1.68% | 2.06% | 2.35% | 1.79% | 1.77% | 1.99% |
VBK Vanguard Small-Cap Growth ETF | 0.52% | 0.54% | 0.54% | 0.68% | 0.55% | 0.36% | 0.44% | 0.57% | 0.79% | 0.82% | 1.08% | 0.98% |
SCHA Schwab U.S. Small-Cap ETF | 1.15% | 1.26% | 1.51% | 1.42% | 1.37% | 1.19% | 1.05% | 1.39% | 1.58% | 1.24% | 1.50% | 1.48% |
SPSM SPDR Portfolio S&P 600 Small Cap ETF | 1.57% | 1.62% | 1.85% | 1.61% | 1.38% | 1.40% | 1.34% | 1.58% | 1.82% | 1.51% | 1.49% | 2.37% |
VSGIX Vanguard Small-Cap Growth Index Fund Institutional Shares | 0.52% | 0.55% | 0.55% | 0.68% | 0.56% | 0.37% | 0.45% | 0.58% | 0.80% | 0.82% | 1.09% | 0.98% |
VSMSX Vanguard S&P Small-Cap 600 Index Fund Institutional Shares | 1.33% | 1.39% | 1.49% | 1.47% | 1.52% | 1.17% | 1.10% | 1.38% | 1.39% | 1.11% | 1.00% | 1.33% |
VSIIX Vanguard Small-Cap Value Index Fund Institutional Shares | 1.90% | 1.96% | 1.99% | 2.10% | 2.04% | 1.76% | 1.69% | 2.07% | 2.36% | 1.80% | 1.77% | 1.99% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading graphics...
Worst Drawdowns
The table below displays the maximum drawdowns of the US Small-Cap ETFs and Mutual Funds. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the US Small-Cap ETFs and Mutual Funds was 41.93%, occurring on Mar 23, 2020. Recovery took 162 trading sessions.
The current US Small-Cap ETFs and Mutual Funds drawdown is 4.85%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -41.93% | Jan 17, 2020 | 45 | Mar 23, 2020 | 162 | Nov 10, 2020 | 207 |
| -28.01% | Nov 9, 2021 | 221 | Sep 26, 2022 | 452 | Jul 16, 2024 | 673 |
| -26.66% | Nov 26, 2024 | 90 | Apr 8, 2025 | 165 | Dec 3, 2025 | 255 |
| -25.96% | Sep 4, 2018 | 78 | Dec 24, 2018 | 266 | Jan 15, 2020 | 344 |
| -22.96% | Jun 24, 2015 | 161 | Feb 11, 2016 | 134 | Aug 23, 2016 | 295 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading graphics...
Diversification
Diversification Metrics
Number of Effective Assets
The portfolio contains 12 assets, with an effective number of assets of 12.00, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.
Asset Correlations Table
| Benchmark | VBK | VSGIX | SPSM | VBR | VSIIX | IJR | VTSIX | VSMSX | DFSTX | IWM | VB | SCHA | Portfolio | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Benchmark | 1.00 | 0.85 | 0.85 | 0.78 | 0.81 | 0.81 | 0.80 | 0.80 | 0.80 | 0.81 | 0.82 | 0.86 | 0.84 | 0.84 |
| VBK | 0.85 | 1.00 | 1.00 | 0.88 | 0.86 | 0.86 | 0.88 | 0.89 | 0.89 | 0.89 | 0.94 | 0.95 | 0.95 | 0.94 |
| VSGIX | 0.85 | 1.00 | 1.00 | 0.88 | 0.86 | 0.87 | 0.89 | 0.89 | 0.89 | 0.89 | 0.94 | 0.96 | 0.95 | 0.94 |
| SPSM | 0.78 | 0.88 | 0.88 | 1.00 | 0.95 | 0.95 | 0.97 | 0.97 | 0.97 | 0.96 | 0.95 | 0.95 | 0.96 | 0.97 |
| VBR | 0.81 | 0.86 | 0.86 | 0.95 | 1.00 | 1.00 | 0.97 | 0.97 | 0.97 | 0.97 | 0.95 | 0.97 | 0.96 | 0.97 |
| VSIIX | 0.81 | 0.86 | 0.87 | 0.95 | 1.00 | 1.00 | 0.97 | 0.97 | 0.97 | 0.97 | 0.95 | 0.97 | 0.96 | 0.97 |
| IJR | 0.80 | 0.88 | 0.89 | 0.97 | 0.97 | 0.97 | 1.00 | 1.00 | 1.00 | 0.99 | 0.97 | 0.96 | 0.97 | 0.99 |
| VTSIX | 0.80 | 0.89 | 0.89 | 0.97 | 0.97 | 0.97 | 1.00 | 1.00 | 1.00 | 0.99 | 0.97 | 0.96 | 0.97 | 0.99 |
| VSMSX | 0.80 | 0.89 | 0.89 | 0.97 | 0.97 | 0.97 | 1.00 | 1.00 | 1.00 | 0.99 | 0.97 | 0.96 | 0.97 | 0.99 |
| DFSTX | 0.81 | 0.89 | 0.89 | 0.96 | 0.97 | 0.97 | 0.99 | 0.99 | 0.99 | 1.00 | 0.97 | 0.97 | 0.98 | 0.99 |
| IWM | 0.82 | 0.94 | 0.94 | 0.95 | 0.95 | 0.95 | 0.97 | 0.97 | 0.97 | 0.97 | 1.00 | 0.98 | 0.99 | 0.99 |
| VB | 0.86 | 0.95 | 0.96 | 0.95 | 0.97 | 0.97 | 0.96 | 0.96 | 0.96 | 0.97 | 0.98 | 1.00 | 0.99 | 0.99 |
| SCHA | 0.84 | 0.95 | 0.95 | 0.96 | 0.96 | 0.96 | 0.97 | 0.97 | 0.97 | 0.98 | 0.99 | 0.99 | 1.00 | 0.99 |
| Portfolio | 0.84 | 0.94 | 0.94 | 0.97 | 0.97 | 0.97 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 1.00 |