- ISIN
- US46434V2907
- CUSIP
- 46434V290
- Issuer
- iShares
- Inception Date
- Apr 28, 2015
- Region
- North America (U.S.)
- Category
- Small Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI USA Small Cap Diversified Multi-Factor
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $4B
Share Price Chart
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Performance
SMLF Performance Chart
iShares MSCI USA Small-Cap Multifactor ETF (SMLF) is up 16.3% since the beginning of the year. SMLF is currently trading at $87 per share. Investors who bought $1,000 worth of SMLF shares 5 years ago would now be looking at an investment worth $1,692.
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Returns By Period
iShares MSCI USA Small-Cap Multifactor ETF (SMLF) has returned 16.28% so far this year and 32.00% over the past 12 months. Over the last ten years, SMLF has returned 12.68% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
iShares MSCI USA Small-Cap Multifactor ETF
- 1D
- -0.85%
- 1M
- 3.41%
- YTD
- 16.28%
- 6M
- 14.19%
- 1Y
- 32.00%
- 3Y*
- 20.44%
- 5Y*
- 11.09%
- 10Y*
- 12.68%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
SMLF Monthly Returns History
Based on dividend-adjusted daily data since Apr 30, 2015, SMLF's average daily return is +0.05%, while the average monthly return is +1.05%. At this rate, an investment would double in approximately 5.5 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +13.5%, while the worst month was Mar 2020 at -20.4%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SMLF closed higher 51% of trading days. The best single day was Apr 9, 2025 with a return of +10.0%, while the worst single day was Mar 16, 2020 at -13.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.90% | 1.72% | -4.37% | 8.92% | 4.31% | 1.27% | 16.28% | ||||||
| 2025 | 4.36% | -5.41% | -6.46% | -1.82% | 6.69% | 4.69% | 1.84% | 5.58% | 2.10% | -0.22% | 1.52% | -0.27% | 12.30% |
| 2024 | -1.90% | 6.01% | 4.22% | -6.17% | 4.51% | -1.56% | 7.37% | -0.82% | 2.17% | -0.59% | 11.70% | -7.98% | 16.33% |
| 2023 | 9.48% | -1.27% | -4.17% | -1.68% | -2.02% | 9.08% | 5.59% | -3.39% | -5.00% | -6.16% | 9.04% | 11.17% | 19.99% |
| 2022 | -6.99% | 1.69% | 0.90% | -6.60% | 3.12% | -10.56% | 10.26% | -3.42% | -9.95% | 12.82% | 5.29% | -6.22% | -12.19% |
| 2021 | 3.31% | 6.09% | 4.74% | 2.33% | 1.06% | 1.30% | -0.37% | 2.48% | -3.78% | 5.00% | -2.62% | 4.73% | 26.53% |
Benchmark Metrics
iShares MSCI USA Small-Cap Multifactor ETF has an annualized alpha of 0.36%, beta of 1.00, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since April 30, 2015.
- This ETF participated in 107.04% of S&P 500 Index downside but only 104.84% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 1.00 and R2 of 0.69, 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
- 0.36%
- Beta
- 1.00
- R²
- 0.69
- Upside Capture
- 104.84%
- Downside Capture
- 107.04%
Expense Ratio
SMLF has an expense ratio of 0.30%, placing it in the medium range.
Return for Risk
Risk / Return Rank
SMLF ranks 62 for risk / return — better than 62% 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 iShares MSCI USA Small-Cap Multifactor ETF (SMLF) 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.
| SMLF | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.32 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.69 | 2.46 | +1.23 |
| Martin ratioReturn relative to average drawdown | 12.66 | 10.92 | +1.74 |
Dividends
Dividend History
iShares MSCI USA Small-Cap Multifactor ETF provided a 1.02% dividend yield over the last twelve months, with an annual payout of $0.88 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.88 | $0.86 | $0.90 | $0.66 | $0.61 | $0.61 | $0.61 | $0.60 | $0.42 | $0.37 | $0.28 | $0.24 |
Dividend yield | 1.02% | 1.14% | 1.33% | 1.13% | 1.23% | 1.07% | 1.33% | 1.39% | 1.17% | 0.93% | 0.78% | 0.79% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI USA Small-Cap Multifactor 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 | $0.19 | $0.00 | $0.00 | $0.21 | $0.40 | ||||||
| 2025 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.86 |
| 2024 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.32 | $0.90 |
| 2023 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.02 | $0.66 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.21 | $0.61 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.30 | $0.61 |
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 MSCI USA Small-Cap Multifactor 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 iShares MSCI USA Small-Cap Multifactor ETF was 41.89%, occurring on Mar 18, 2020. Recovery took 175 trading sessions.
The current iShares MSCI USA Small-Cap Multifactor ETF drawdown is 0.85%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.89%Mar 2020 | 2mo 1d | 8mo 11d | 10mo 12dJan 2020 - Nov 2020 |
2025 selloff2025 | -26.28%Apr 2025 | 4mo 13d | 4mo 22d | 9mo 5dNov 2024 - Aug 2025 |
Bear market2022 | -25.40%Sep 2022 | 10mo 13d | 1y 2mo | 2y 27dNov 2021 - Dec 2023 |
Rate-hike selloffLate 2018 | -24.78%Dec 2018 | 3mo 26d | 1y 23d | 1y 4moAug 2018 - Jan 2020 |
2016 correction2016 | -17.76%Feb 2016 | 7mo 22d | 5mo 2d | 1y 19dJun 2015 - Jul 2016 |
Drawdown Indicators
| SMLF | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -56.78% | +14.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.71% | -9.10% | +0.39% |
Max Drawdown (3Y)Largest decline over 3 years | -26.28% | -18.90% | -7.38% |
Max Drawdown (5Y)Largest decline over 5 years | -26.28% | -25.43% | -0.85% |
Max Drawdown (10Y)Largest decline over 10 years | -41.89% | -33.92% | -7.97% |
Current DrawdownCurrent decline from peak | -0.85% | -3.21% | +2.36% |
Average DrawdownAverage peak-to-trough decline | -6.57% | -10.71% | +4.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.53% | 2.04% | +0.49% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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