ProShares Russell 2000 Dividend Growers ETF (SMDV) belongs to the Small Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with SMDV. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SMDV
SMDV charges 0.40% annually. There are 35 ETFs in the Small Cap Blend Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 600 Small Cap ETF | 0.03% | 17.00B | Jul 2013 | SMDV vs SPSM | |
| Vanguard Small-Cap ETF | 0.03% | 188.20B | Jan 2004 | SMDV vs VB | |
| iShares Morningstar Small-Cap ETF | 0.04% | 282.21M | Jun 2004 | SMDV vs ISCB | |
| Schwab U.S. Small-Cap ETF | 0.04% | 22.23B | Nov 2009 | SMDV vs SCHA | |
| iShares Core S&P Small-Cap ETF | 0.06% | 109.63B | May 2000 | SMDV vs IJR |
Best Risk-Adjusted Alternatives to SMDV
SMDV has a PortfoliosLab risk / return rank of 64. There are 54 ETFs in the Small Cap Blend Equities category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 96 | — | Jun 2025 | SMDV vs RB | |
| First Trust Small Cap Core AlphaDEX Fund | 94 | 1.37B | May 2007 | SMDV vs FYX | |
| Hartford Multifactor Small Cap ETF | 92 | 61.48M | Mar 2015 | SMDV vs ROSC | |
| Victoryshares Small Cap Free Cash Flow ETF | 92 | 684.65M | Dec 2023 | SMDV vs SFLO | |
| Avantis US Small Cap Equity ETF | 91 | 3.05B | Jan 2022 | SMDV vs AVSC |
Top Performing SMDV Alternatives (YTD)
SMDV is at 18.11% YTD. There are 36 ETFs in the Small Cap Blend Equities category with higher YTD returns, going as high as 48.69%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily Small Cap Bull 3X Shares | 48.69% | 1.35B | Nov 2008 | SMDV vs TNA | |
| Victoryshares Small Cap Free Cash Flow ETF | 27.87% | 684.65M | Dec 2023 | SMDV vs SFLO | |
| Inspire Small/Mid Cap Impact ETF | 27.66% | 334.88M | Feb 2017 | SMDV vs ISMD | |
| Allspring SMID Core ETF | 27.10% | 78.82M | Jul 2025 | SMDV vs ASCE | |
| First Trust Small Cap Core AlphaDEX Fund | 25.97% | 1.37B | May 2007 | SMDV vs FYX |
Lowest Volatility Alternatives to SMDV
SMDV has 15.45% 1-year volatility. There are 16 ETFs in the Small Cap Blend Equities category with lower 1-year volatility, going as low as 6.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 6.55% | — | Jun 2025 | SMDV vs RB | |
| iShares MSCI USA Small-Cap Min Vol Factor ETF | 9.75% | 288.96M | Sep 2016 | SMDV vs SMMV | |
| Global X Russell 2000 Covered Call ETF | 10.67% | 1.37B | Apr 2019 | SMDV vs RYLD | |
| First Trust Horizon Managed Volatility Small/Mid E... | 10.73% | 35.21M | Apr 2020 | SMDV vs HSMV | |
| CresAlta Small & Mid-Cap ETF | 11.65% | 88.99M | May 2026 | SMDV vs CVSM |
Lowest Drawdown Alternatives to SMDV
SMDV has a 1-year max drawdown of -9.79%. There are 42 ETFs in the Small Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -2.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | -2.09% | — | Jun 2025 | SMDV vs RB | |
| Global X Russell 2000 Covered Call ETF | -6.29% | 1.37B | Apr 2019 | SMDV vs RYLD | |
| Hypatia Women CEO ETF | -6.96% | 5.55M | Jan 2023 | SMDV vs WCEO | |
| iShares MSCI USA Small-Cap Min Vol Factor ETF | -7.02% | 288.96M | Sep 2016 | SMDV vs SMMV | |
| 6 Meridian Small Cap Equity ETF | -7.16% | 106.31M | May 2020 | SMDV vs SIXS |
Other ETFs from ProShares
The 10 most viewed ProShares ETFs shown here include TQQQ, QLD, BITO and span 10 categories. AUM among these funds goes as high as $33B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| ProShares UltraPro QQQ | Leveraged Equities | 36 | 23.06% | 32.83B | Feb 2010 | SMDV vs TQQQ | |
| ProShares Ultra QQQ | Leveraged Equities | 39 | 18.94% | 12.76B | Jun 2006 | SMDV vs QLD | |
| ProShares Bitcoin Strategy ETF | Cryptocurrency | 1 | -29.42% | 1.41B | Oct 2021 | SMDV vs BITO | |
| ProShares UltraPro S&P 500 | Leveraged Equities, S&P 500 | 50 | 21.72% | 5.15B | Jun 2009 | SMDV vs UPRO | |
| ProShares Ultra S&P500 | Leveraged Equities, S&P 500 | 54 | 16.14% | 7.81B | Jun 2006 | SMDV vs SSO | |
| ProShares S&P 500 Dividend Aristocrats ETF | Dividend, S&P 500, Large Cap Value Equities | 47 | 10.84% | 11.68B | Oct 2013 | SMDV vs NOBL | |
| ProShares Ultra Semiconductors | Leveraged Equities, Semiconductors | 52 | 50.25% | 2.47B | Jan 2007 | SMDV vs USD | |
| ProShares UltraPro Short QQQ | Leveraged Equities, Inverse Equities, Nasdaq-100 | 2 | -34.61% | 2.00B | Feb 2010 | SMDV vs SQQQ | |
| ProShares Nasdaq-100 High Income ETF | Nasdaq-100, Derivative Income, Dividend | 44 | 10.08% | 394.37M | Mar 2024 | SMDV vs IQQQ | |
| ProShares Ultra VIX Short-Term Futures ETF | Volatility | 2 | -35.24% | 244.68M | Oct 2011 | SMDV vs UVXY |
Often Compared With SMDV
Investors most often compare SMDV with SCHD, REGL, TDV. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare SMDV with Any Fund or Stock
Compare SMDV with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SMDV with funds that move differently
ProShares Russell 2000 Dividend Growers ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SMDV.
Explore SMDV Diversifiers