- Issuer
- Zacks
- Inception Date
- Oct 2, 2023
- Category
- Mid Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $153M
Share Price Chart
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Performance
SMIZ Performance Chart
Zacks Small/Mid Cap ETF (SMIZ) is up 19.5% since the beginning of the year. SMIZ is currently trading at $44 per share.
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Returns By Period
Zacks Small/Mid Cap ETF (SMIZ) has returned 19.46% so far this year and 35.79% over the past 12 months.
Zacks Small/Mid Cap ETF
- 1D
- 0.89%
- 1M
- 5.01%
- YTD
- 19.46%
- 6M
- 16.37%
- 1Y
- 35.79%
- 3Y*
- —
- 5Y*
- —
- 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%
SMIZ Monthly Returns History
Based on dividend-adjusted daily data since Oct 3, 2023, SMIZ's average daily return is +0.10%, while the average monthly return is +1.98%. At this rate, an investment would double in approximately 2.9 years.
Historically, 67% of months were positive and 33% were negative. The best month was Apr 2026 with a return of +11.7%, while the worst month was Dec 2024 at -8.0%. The longest winning streak lasted 6 consecutive months, and the longest losing streak was 2 months.
On a daily basis, SMIZ closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +8.6%, while the worst single day was Apr 3, 2025 at -5.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.51% | 1.63% | -5.65% | 11.73% | 2.97% | 3.61% | 19.46% | ||||||
| 2025 | 3.23% | -6.39% | -5.63% | 1.10% | 6.37% | 4.15% | 1.95% | 5.30% | 2.66% | -0.16% | 1.72% | -1.89% | 12.16% |
| 2024 | -0.76% | 7.79% | 3.54% | -6.39% | 3.69% | -0.72% | 5.92% | -0.29% | 2.79% | 0.27% | 10.31% | -7.99% | 17.92% |
| 2023 | -2.89% | 9.61% | 9.13% | 16.16% |
Benchmark Metrics
Zacks Small/Mid Cap ETF has an annualized alpha of 0.89%, beta of 1.08, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since October 03, 2023.
- This ETF participated in 118.77% of S&P 500 Index downside but only 117.16% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.08 and R2 of 0.76, 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
- 0.89%
- Beta
- 1.08
- R²
- 0.76
- Upside Capture
- 117.16%
- Downside Capture
- 118.77%
Expense Ratio
SMIZ has an expense ratio of 0.56%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SMIZ ranks 67 for risk / return — better than 67% 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 Zacks Small/Mid Cap ETF (SMIZ) 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.
| SMIZ | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.42 | 2.78 | +0.64 |
| Martin ratioReturn relative to average drawdown | 13.56 | 12.44 | +1.12 |
Dividends
Dividend History
Zacks Small/Mid Cap ETF provided a 0.52% dividend yield over the last twelve months, with an annual payout of $0.23 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.23 | $0.23 | $0.52 | $0.02 |
Dividend yield | 0.52% | 0.62% | 1.57% | 0.07% |
Monthly Dividends
The table displays the monthly dividend distributions for Zacks Small/Mid Cap 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.23 | $0.23 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.52 | $0.52 |
| 2023 | $0.02 | $0.02 |
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 Zacks Small/Mid Cap 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 Zacks Small/Mid Cap ETF was 25.04%, occurring on Apr 8, 2025. Recovery took 94 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -25.04%Apr 2025 | 4mo 4d | 4mo 16d | 8mo 20dDec 2024 - Aug 2025 |
2026 correction2026 | -10.51%Mar 2026 | 1mo 18d | 14d | 2mo 2dFeb 2026 - Apr 2026 |
2024 pullback2024 | -9.41%Aug 2024 | 21d | 1mo 13d | 2mo 4dJul 2024 - Sep 2024 |
2024 pullback2024 | -7.65%Apr 2024 | 18d | 2mo 27d | 3mo 15dApr 2024 - Jul 2024 |
2025 pullback2025 | -7.56%Nov 2025 | 23d | 21d | 1mo 14dOct 2025 - Dec 2025 |
Drawdown Indicators
| SMIZ | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.04% | -56.78% | +31.74% |
Max Drawdown (1Y)Largest decline over 1 year | -10.51% | -9.10% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -3.92% | -10.71% | +6.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.65% | 2.03% | +0.62% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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