- ISIN
- US66538H6412
- CUSIP
- 66538H641
- Issuer
- Inspire
- Inception Date
- Feb 28, 2017
- Region
- North America (U.S.)
- Category
- Small Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Inspire Small/Mid Cap Impact Equal Weight Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Micro-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $329M
Share Price Chart
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Performance
ISMD Performance Chart
Inspire Small/Mid Cap Impact ETF (ISMD) is up 25.8% since the beginning of the year. ISMD is currently trading at $48 per share. Investors who bought $1,000 worth of ISMD shares 5 years ago would now be looking at an investment worth $1,518.
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Returns By Period
Inspire Small/Mid Cap Impact ETF (ISMD) has returned 25.75% so far this year and 41.83% over the past 12 months.
Inspire Small/Mid Cap Impact ETF
- 1D
- 0.09%
- 1M
- 4.88%
- YTD
- 25.75%
- 6M
- 23.26%
- 1Y
- 41.83%
- 3Y*
- 17.53%
- 5Y*
- 8.71%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
ISMD Monthly Returns History
Based on dividend-adjusted daily data since Feb 28, 2017, ISMD's average daily return is +0.05%, while the average monthly return is +0.95%. At this rate, an investment would double in approximately 6.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +19.8%, while the worst month was Mar 2020 at -19.3%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, ISMD closed higher 52% of trading days. The best single day was Mar 17, 2020 with a return of +10.7%, while the worst single day was Mar 16, 2020 at -14.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.36% | 0.97% | -4.16% | 11.76% | 5.35% | 2.80% | 25.75% | ||||||
| 2025 | 1.93% | -4.64% | -6.08% | -4.35% | 4.54% | 4.48% | 0.53% | 9.10% | 0.01% | -2.06% | 0.79% | 0.83% | 4.14% |
| 2024 | -3.91% | 3.66% | 4.57% | -5.92% | 4.69% | -1.97% | 10.78% | -1.65% | 0.78% | -2.53% | 9.99% | -7.47% | 9.53% |
| 2023 | 10.16% | -1.56% | -4.59% | -2.26% | -2.24% | 8.67% | 6.50% | -5.08% | -6.10% | -5.96% | 8.36% | 12.33% | 16.74% |
| 2022 | -7.15% | 0.92% | 0.83% | -6.99% | 1.33% | -8.19% | 10.59% | -3.61% | -9.75% | 10.60% | 3.90% | -4.23% | -13.44% |
| 2021 | 5.38% | 8.16% | 4.76% | 1.71% | 2.46% | -0.72% | -2.44% | 1.46% | -2.31% | 3.95% | -1.83% | 6.13% | 29.38% |
Benchmark Metrics
Inspire Small/Mid Cap Impact ETF has an annualized alpha of -2.38%, beta of 1.04, and R2 of 0.66 versus S&P 500 Index. Calculated based on daily prices since February 28, 2017.
- This ETF participated in 113.31% of S&P 500 Index downside but only 99.55% of its upside - more exposed to losses than it benefited from rallies.
- This ETF had an annualized alpha of -2.38% versus S&P 500 Index - delivering less than market exposure alone would predict.
- With beta of 1.04 and R2 of 0.66, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -2.38%
- Beta
- 1.04
- R²
- 0.66
- Upside Capture
- 99.55%
- Downside Capture
- 113.31%
Expense Ratio
ISMD has an expense ratio of 0.57%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ISMD ranks 74 for risk / return — better than 74% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Inspire Small/Mid Cap Impact ETF (ISMD) 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.
| ISMD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.37 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.36 | 2.78 | +1.58 |
| Martin ratioReturn relative to average drawdown | 13.71 | 12.44 | +1.27 |
Dividends
Dividend History
Inspire Small/Mid Cap Impact ETF provided a 0.92% dividend yield over the last twelve months, with an annual payout of $0.44 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.44 | $0.47 | $0.46 | $0.41 | $0.39 | $3.30 | $0.30 | $0.25 | $0.31 | $0.54 |
Dividend yield | 0.92% | 1.21% | 1.24% | 1.17% | 1.28% | 9.35% | 0.99% | 0.88% | 1.35% | 2.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Inspire Small/Mid Cap Impact ETF. 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 | $0.11 | $0.00 | $0.00 | $0.00 | $0.11 | ||||||
| 2025 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.47 |
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.08 | $0.46 |
| 2023 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.09 | $0.41 |
| 2022 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.02 | $0.39 |
| 2021 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $3.01 | $3.30 |
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 Inspire Small/Mid Cap Impact ETF. 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 Inspire Small/Mid Cap Impact ETF was 44.60%, occurring on Mar 23, 2020. Recovery took 179 trading sessions.
The current Inspire Small/Mid Cap Impact ETF drawdown is 0.17%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -44.60%Mar 2020 | 1y 6mo | 8mo 16d | 2y 3moAug 2018 - Dec 2020 |
2025 selloff2025 | -26.64%Apr 2025 | 4mo 13d | 9mo 3d | 1y 1moNov 2024 - Jan 2026 |
Bear market2022 | -22.54%Sep 2022 | 8mo 28d | 1y 2mo | 1y 11moJan 2022 - Dec 2023 |
2021 correction2021 | -10.18%Jul 2021 | 1mo 10d | 3mo 17d | 4mo 27dJun 2021 - Nov 2021 |
2026 pullback2026 | -9.64%Mar 2026 | 1mo 7d | 24d | 2mo 1dFeb 2026 - Apr 2026 |
Drawdown Indicators
| ISMD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.60% | -56.78% | +12.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.64% | -9.10% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -26.64% | -18.90% | -7.74% |
Max Drawdown (5Y)Largest decline over 5 years | -26.64% | -25.43% | -1.21% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.17% | -1.80% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -8.13% | -10.71% | +2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.03% | +1.03% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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