- Issuer
- BetaShares
- Category
- Small Cap Blend Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- BetaShares Australian Small Companies Select Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
SMLL.AX Performance Chart
BetaShares Australian Small Companies Select ETF (SMLL.AX) is down 10.2% since the beginning of the year. SMLL.AX is currently trading at A$4 per share. Investors who bought A$1,000 worth of SMLL.AX shares 5 years ago would now be looking at an investment worth A$1,125.
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Returns By Period
BetaShares Australian Small Companies Select ETF (SMLL.AX) has returned -10.24% so far this year and 13.10% over the past 12 months.
BetaShares Australian Small Companies Select ETF
- 1D
- 0.49%
- 1M
- -1.89%
- 6M
- -13.55%
- YTD
- -10.24%
- 1Y
- 13.10%
- 3Y*
- 8.68%
- 5Y*
- 2.39%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.12%
- 1M
- 1.38%
- 6M
- 4.49%
- YTD
- 5.58%
- 1Y
- 12.98%
- 3Y*
- 18.01%
- 5Y*
- 13.12%
- 10Y*
- 14.27%
SMLL.AX Monthly Returns History
Based on dividend-adjusted daily data since Apr 7, 2017, SMLL.AX's average daily return is +0.03%, while the average monthly return is +0.63%. At this rate, an investment would double in approximately 9.2 years.
Historically, 54% of months were positive and 46% were negative. The best month was Aug 2025 with a return of +13.8%, while the worst month was Mar 2020 at -20.1%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SMLL.AX closed higher 47% of trading days. The best single day was Mar 26, 2020 with a return of +6.9%, while the worst single day was Mar 23, 2020 at -9.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.04% | -1.43% | -12.66% | -0.48% | 0.24% | 0.71% | -0.27% | -10.24% | |||||
| 2025 | 4.47% | -2.94% | -1.93% | 1.12% | 6.39% | -2.09% | -0.17% | 13.82% | 5.48% | 3.39% | 2.84% | -0.21% | 33.20% |
| 2024 | -0.28% | 0.85% | 4.49% | -3.76% | -1.96% | 1.99% | 3.64% | 0.00% | 3.55% | -2.37% | -0.54% | -2.72% | 2.52% |
| 2023 | 3.49% | -1.69% | -1.43% | 2.03% | -5.40% | -0.00% | 3.97% | -0.29% | -2.95% | -4.56% | 5.41% | 6.95% | 4.79% |
| 2022 | -10.25% | -1.27% | 5.66% | -0.97% | -6.63% | -11.05% | 6.93% | -0.29% | -8.96% | 5.08% | 6.34% | -2.27% | -18.38% |
| 2021 | -1.67% | 0.78% | 1.55% | 4.85% | 1.22% | 2.88% | -0.25% | 2.72% | -2.16% | 4.18% | -0.24% | 3.78% | 18.80% |
Benchmark Metrics
BetaShares Australian Small Companies Select ETF has an annualized alpha of 5.01%, beta of 0.14, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since April 07, 2017.
- This ETF participated in 93.18% of S&P 500 Index downside but only 60.57% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.14 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 5.01%
- Beta
- 0.14
- R²
- 0.02
- Upside Capture
- 60.57%
- Downside Capture
- 93.18%
Return for Risk
Risk / Return Rank
SMLL.AX ranks 20 for risk / return — below 20% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for BetaShares Australian Small Companies Select ETF (SMLL.AX) 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.
| SMLL.AX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.24 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.65 | 1.11 | -0.46 |
| Martin ratioReturn relative to average drawdown | 1.32 | 3.10 | -1.78 |
Dividends
Dividend History
BetaShares Australian Small Companies Select ETF provided a 1.90% dividend yield over the last twelve months, with an annual payout of A$0.08 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | A$0.08 | A$0.05 | A$0.05 | A$0.06 | A$0.13 | A$0.25 | A$0.08 | A$0.08 | A$0.12 |
Dividend yield | 1.90% | 1.15% | 1.35% | 1.69% | 3.92% | 5.80% | 2.13% | 2.33% | 4.20% |
Monthly Dividends
The table displays the monthly dividend distributions for BetaShares Australian Small Companies Select 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 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.08 | A$0.08 | |||||
| 2025 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.05 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.05 |
| 2024 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.05 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.05 |
| 2023 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.06 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.06 |
| 2022 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.13 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.13 |
| 2021 | A$0.03 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.22 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.00 | A$0.25 |
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 BetaShares Australian Small Companies Select 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 BetaShares Australian Small Companies Select ETF was 40.17%, occurring on Mar 23, 2020. Recovery took 139 trading sessions.
The current BetaShares Australian Small Companies Select ETF drawdown is 16.46%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-40.17%Mar 2020 | 1mo 1d | 6mo 18d | 7mo 19dFeb 2020 - Oct 2020 | COVID crash2020 |
-25.98%Sep 2022 | 8mo 27d | 2y 10mo | 3y 7moJan 2022 - Aug 2025 | Bear market2022 |
-20.00%Mar 2026 | 1mo 21d | — | 5mo 17dJan 2026 - now | — |
-17.15%Dec 2018 | 3mo 22d | 4mo 3d | 7mo 25dAug 2018 - Apr 2019 | Rate-hike selloffLate 2018 |
-7.87%Feb 2018 | 1mo 9d | 2mo 25d | 4mo 4dDec 2017 - May 2018 | — |
Drawdown Indicators
| SMLL.AX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.17% | -41.07% | +0.90% |
Max Drawdown (1Y)Largest decline over 1 year | -20.00% | -11.69% | -8.31% |
Max Drawdown (3Y)Largest decline over 3 years | -20.00% | -17.74% | -2.26% |
Max Drawdown (5Y)Largest decline over 5 years | -25.98% | -22.01% | -3.97% |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.71% | — |
Current DrawdownCurrent decline from peak | -16.46% | -0.60% | -15.86% |
Average DrawdownAverage peak-to-trough decline | -8.47% | -11.02% | +2.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.11% | 4.20% | +5.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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