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S&P Small-Cap 600 Index (^SML)
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

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^SML vs. SMLF ^SML vs. SAA
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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in S&P Small-Cap 600 Index, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


1,000.00%1,100.00%1,200.00%1,300.00%1,400.00%December2025FebruaryMarchAprilMay
1,141.52%
1,107.26%
^SML (S&P Small-Cap 600 Index)
Benchmark (^GSPC)

Returns By Period

S&P Small-Cap 600 Index (^SML) returned -11.83% year-to-date (YTD) and -5.77% over the past 12 months. Over the past 10 years, ^SML returned 5.76% annually, underperforming the S&P 500 benchmark at 10.43%.


^SML

YTD

-11.83%

1M

8.88%

6M

-17.84%

1Y

-5.77%

5Y*

10.03%

10Y*

5.76%

^GSPC (Benchmark)

YTD

-3.70%

1M

13.67%

6M

-5.18%

1Y

9.18%

5Y*

14.14%

10Y*

10.43%

*Annualized

Monthly Returns

The table below presents the monthly returns of ^SML, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20252.85%-5.84%-6.36%-4.28%1.57%-11.83%
2024-4.03%3.15%3.03%-5.71%4.87%-2.46%10.71%-1.62%0.67%-2.71%10.77%-8.12%6.82%
20239.40%-1.35%-5.38%-2.87%-1.94%8.03%5.43%-4.33%-6.16%-5.83%7.98%12.61%13.89%
2022-7.31%1.30%0.18%-7.87%1.72%-8.71%9.93%-4.51%-10.05%12.27%4.00%-6.91%-17.42%
20216.24%7.56%3.19%1.99%1.96%0.21%-2.44%1.90%-2.56%3.36%-2.42%4.36%25.27%
2020-4.05%-9.70%-22.60%12.60%4.15%3.58%4.03%3.86%-4.84%2.49%18.02%8.16%9.57%
201910.55%4.24%-3.53%3.81%-8.85%7.26%1.06%-4.64%3.15%1.86%2.92%2.79%20.86%
20182.47%-3.97%1.86%0.96%6.34%0.98%3.10%4.72%-3.32%-10.54%1.37%-12.26%-9.75%
2017-0.45%1.47%-0.27%0.85%-2.25%2.85%0.91%-2.69%7.56%0.89%3.39%-0.71%11.73%
2016-6.22%0.97%8.01%1.10%1.52%0.46%5.03%1.22%0.51%-4.53%12.38%3.19%24.74%
2015-3.55%5.91%1.44%-2.39%1.41%0.89%-0.91%-5.30%-3.66%6.02%2.52%-4.95%-3.36%
2014-3.91%4.35%0.57%-2.85%0.16%4.57%-5.56%4.18%-5.49%7.01%-0.39%2.70%4.44%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of ^SML is 18, meaning it’s performing worse than 82% of other indices on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of ^SML is 1818
Overall Rank
The Sharpe Ratio Rank of ^SML is 2020
Sharpe Ratio Rank
The Sortino Ratio Rank of ^SML is 1919
Sortino Ratio Rank
The Omega Ratio Rank of ^SML is 1919
Omega Ratio Rank
The Calmar Ratio Rank of ^SML is 1515
Calmar Ratio Rank
The Martin Ratio Rank of ^SML is 1919
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for S&P Small-Cap 600 Index (^SML) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The current S&P Small-Cap 600 Index Sharpe ratio is -0.24. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of S&P Small-Cap 600 Index with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00December2025FebruaryMarchAprilMay
-0.24
0.44
^SML (S&P Small-Cap 600 Index)
Benchmark (^GSPC)

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.


-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay
-19.63%
-8.35%
^SML (S&P Small-Cap 600 Index)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the S&P Small-Cap 600 Index. 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 S&P Small-Cap 600 Index was 59.17%, occurring on Mar 9, 2009. Recovery took 522 trading sessions.

The current S&P Small-Cap 600 Index drawdown is 19.63%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-59.17%Jul 20, 2007412Mar 9, 2009522Mar 31, 2011934
-45.77%Sep 4, 2018390Mar 23, 2020186Dec 15, 2020576
-37.58%Apr 22, 1998119Oct 8, 1998324Jan 21, 2000443
-33.78%Apr 17, 2002123Oct 9, 2002269Nov 3, 2003392
-28.39%Nov 26, 202491Apr 8, 2025

Volatility

Volatility Chart

The current S&P Small-Cap 600 Index volatility is 11.57%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%December2025FebruaryMarchAprilMay
11.57%
11.43%
^SML (S&P Small-Cap 600 Index)
Benchmark (^GSPC)