- CUSIP
- 091936245
- Issuer
- iShares
- Inception Date
- Aug 13, 2015
- Region
- North America (United States)
- Category
- Small Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Russell 2500 Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
BSMAX Performance Chart
iShares Russell Small/Mid-Cap Index Fund Investor A Shares (BSMAX) is up 19.8% since the beginning of the year. BSMAX is currently trading at $22 per share. Investors who bought $1,000 worth of BSMAX shares 5 years ago would now be looking at an investment worth $1,463.
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Returns By Period
iShares Russell Small/Mid-Cap Index Fund Investor A Shares (BSMAX) has returned 19.75% so far this year and 28.41% over the past 12 months. Over the last ten years, BSMAX has returned 11.09% per year, falling short of the S&P 500 Index benchmark, which averaged 13.08% annually.
iShares Russell Small/Mid-Cap Index Fund Investor A Shares
- 1D
- 0.69%
- 1M
- -1.62%
- 6M
- 12.24%
- YTD
- 19.75%
- 1Y
- 28.41%
- 3Y*
- 15.56%
- 5Y*
- 7.90%
- 10Y*
- 11.09%
- ALL TIME*
- 10.40%
Benchmark (S&P 500 Index)
- 1D
- 0.21%
- 1M
- 1.02%
- 6M
- 6.45%
- YTD
- 8.52%
- 1Y
- 16.26%
- 3Y*
- 17.48%
- 5Y*
- 10.95%
- 10Y*
- 13.08%
- ALL TIME*
- 8.07%
BSMAX Monthly Returns History
Based on dividend-adjusted daily data since Aug 13, 2015, BSMAX's average daily return is +0.05%, while the average monthly return is +0.98%. At this rate, an investment would double in approximately 5.9 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +16.2%, while the worst month was Mar 2020 at -21.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, BSMAX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +9.9%, while the worst single day was Mar 16, 2020 at -14.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.99% | 2.45% | -5.15% | 11.08% | 4.31% | 3.67% | -2.28% | 19.75% | |||||
| 2025 | 3.45% | -4.72% | -6.22% | -2.07% | 5.93% | 4.60% | 1.90% | 5.21% | 1.61% | 0.63% | 1.47% | 0.01% | 11.59% |
| 2024 | -2.55% | 5.44% | 4.07% | -6.73% | 4.14% | -1.51% | 7.40% | -0.24% | 1.44% | -0.96% | 9.86% | -7.58% | 11.78% |
| 2023 | 9.96% | -2.40% | -3.73% | -1.35% | -1.71% | 8.45% | 4.90% | -3.99% | -5.61% | -6.08% | 9.01% | 10.45% | 16.81% |
| 2022 | -8.34% | 1.09% | 1.59% | -8.55% | 0.34% | -9.59% | 10.25% | -2.60% | -9.56% | 9.60% | 4.13% | -5.92% | -18.58% |
| 2021 | 2.45% | 6.46% | 1.64% | 3.93% | 0.17% | 1.15% | -1.77% | 2.26% | -3.17% | 4.86% | -4.19% | 3.19% | 17.69% |
Benchmark Metrics
iShares Russell Small/Mid-Cap Index Fund Investor A Shares has an annualized alpha of -1.90%, beta of 1.07, and R2 of 0.81 versus S&P 500 Index. Calculated based on daily prices since August 13, 2015.
- This fund participated in 112.75% of S&P 500 Index downside but only 104.06% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.07 and R2 of 0.81, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -1.90%
- Beta
- 1.07
- R²
- 0.81
- Upside Capture
- 104.06%
- Downside Capture
- 112.75%
Expense Ratio
BSMAX has an expense ratio of 0.37%, placing it in the medium range.
Return for Risk
Risk / Return Rank
BSMAX ranks 74 for risk / return — better than 74% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for iShares Russell Small/Mid-Cap Index Fund Investor A Shares (BSMAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BSMAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.23 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.98 | 1.80 | +1.18 |
| Martin ratioReturn relative to average drawdown | 11.22 | 7.70 | +3.52 |
Dividends
Dividend History
iShares Russell Small/Mid-Cap Index Fund Investor A Shares provided a 1.99% dividend yield over the last twelve months, with an annual payout of $0.43 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.43 | $0.49 | $0.30 | $0.17 | $0.62 | $0.77 | $0.64 | $0.35 | $0.43 | $0.32 | $0.15 | $0.06 |
Dividend yield | 1.99% | 2.67% | 1.79% | 1.14% | 4.67% | 4.55% | 4.26% | 2.62% | 4.07% | 2.61% | 1.34% | 0.59% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares Russell Small/Mid-Cap Index Fund Investor A Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.02 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.36 | $0.49 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.21 | $0.30 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.00 | $0.08 | $0.17 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.53 | $0.62 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.69 | $0.77 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the iShares Russell Small/Mid-Cap Index Fund Investor A Shares. 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 iShares Russell Small/Mid-Cap Index Fund Investor A Shares was 41.38%, occurring on Mar 23, 2020. Recovery took 159 trading sessions.
The current iShares Russell Small/Mid-Cap Index Fund Investor A Shares drawdown is 2.28%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-41.38%Mar 2020 | 1mo 1d | 7mo 17d | 8mo 18dFeb 2020 - Nov 2020 | COVID crash2020 |
-28.48%Sep 2022 | 10mo 21d | 1y 11mo | 2y 10moNov 2021 - Sep 2024 | Bear market2022 |
-25.54%Apr 2025 | 4mo 13d | 5mo | 9mo 13dNov 2024 - Sep 2025 | 2025 selloff2025 |
-24.95%Dec 2018 | 3mo 21d | 11mo 8d | 1y 2moSep 2018 - Nov 2019 | Rate-hike selloffLate 2018 |
-20.62%Feb 2016 | 5mo 27d | 5mo 2d | 10mo 29dAug 2015 - Jul 2016 | — |
Drawdown Indicators
| BSMAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.38% | -56.78% | +15.40% |
Max Drawdown (1Y)Largest decline over 1 year | -9.46% | -9.10% | -0.36% |
Max Drawdown (3Y)Largest decline over 3 years | -25.54% | -18.90% | -6.64% |
Max Drawdown (5Y)Largest decline over 5 years | -28.48% | -25.43% | -3.05% |
Max Drawdown (10Y)Largest decline over 10 years | -41.38% | -33.92% | -7.46% |
Current DrawdownCurrent decline from peak | -2.28% | -2.38% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -7.63% | -10.70% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.12% | +0.40% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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