- ISIN
- US46435G4331
- CUSIP
- 46435G433
- Issuer
- iShares
- Inception Date
- Sep 7, 2016
- Region
- North America (U.S.)
- Category
- Small Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI USA Small Cap Minimum Volatility (USD) Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $278M
Share Price Chart
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Performance
SMMV Performance Chart
iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) is up 2.9% since the beginning of the year. SMMV is currently trading at $44 per share. Investors who bought $1,000 worth of SMMV shares 5 years ago would now be looking at an investment worth $1,285.
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Returns By Period
iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) has returned 2.88% so far this year and 8.20% over the past 12 months.
iShares MSCI USA Small-Cap Min Vol Factor ETF
- 1D
- 0.10%
- 1M
- -0.74%
- YTD
- 2.88%
- 6M
- 1.54%
- 1Y
- 8.20%
- 3Y*
- 11.50%
- 5Y*
- 5.15%
- 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%
SMMV Monthly Returns History
Based on dividend-adjusted daily data since Sep 9, 2016, SMMV's average daily return is +0.04%, while the average monthly return is +0.73%. At this rate, an investment would double in approximately 7.9 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +9.1%, while the worst month was Mar 2020 at -19.6%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, SMMV closed higher 52% of trading days. The best single day was Mar 24, 2020 with a return of +7.1%, while the worst single day was Mar 12, 2020 at -10.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.83% | 4.45% | -4.92% | 3.24% | -1.60% | 0.13% | 2.88% | ||||||
| 2025 | 1.78% | -0.55% | -0.74% | -0.75% | 2.11% | 0.41% | -1.34% | 3.99% | 0.41% | -2.60% | 3.70% | 0.03% | 6.42% |
| 2024 | -0.67% | 3.02% | 2.88% | -3.60% | 3.91% | -0.31% | 7.28% | 1.35% | 1.26% | 0.12% | 8.57% | -5.97% | 18.29% |
| 2023 | 4.42% | -0.54% | -2.46% | -0.49% | -4.03% | 3.85% | 2.61% | -2.32% | -3.32% | -1.79% | 5.14% | 5.06% | 5.63% |
| 2022 | -6.60% | -0.77% | 2.93% | -5.06% | -0.34% | -2.85% | 5.37% | -3.45% | -7.49% | 8.62% | 4.41% | -3.85% | -10.00% |
| 2021 | 2.04% | 3.70% | 3.00% | 3.34% | -0.63% | 0.73% | -0.21% | 1.79% | -3.54% | 2.64% | -2.50% | 5.52% | 16.64% |
Benchmark Metrics
iShares MSCI USA Small-Cap Min Vol Factor ETF has an annualized alpha of -0.95%, beta of 0.70, and R2 of 0.67 versus S&P 500 Index. Calculated based on daily prices since September 09, 2016.
- This ETF participated in 76.54% of S&P 500 Index downside but only 62.89% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -0.95%
- Beta
- 0.70
- R²
- 0.67
- Upside Capture
- 62.89%
- Downside Capture
- 76.54%
Expense Ratio
SMMV has an expense ratio of 0.20%, which is considered low.
Return for Risk
Risk / Return Rank
SMMV ranks 24 for risk / return — below 24% 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 iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) 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.
| SMMV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.48 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 2.78 | -1.61 |
| Martin ratioReturn relative to average drawdown | 3.54 | 12.44 | -8.89 |
Dividends
Dividend History
iShares MSCI USA Small-Cap Min Vol Factor ETF provided a 1.76% dividend yield over the last twelve months, with an annual payout of $0.78 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.78 | $0.77 | $0.73 | $0.82 | $0.58 | $0.42 | $0.47 | $0.58 | $0.50 | $0.47 | $0.21 |
Dividend yield | 1.76% | 1.77% | 1.76% | 2.30% | 1.67% | 1.08% | 1.39% | 1.64% | 1.72% | 1.63% | 0.79% |
Monthly Dividends
The table displays the monthly dividend distributions for iShares MSCI USA Small-Cap Min Vol Factor 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 | $0.21 | $0.00 | $0.00 | $0.18 | $0.39 | ||||||
| 2025 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.16 | $0.77 |
| 2024 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.25 | $0.73 |
| 2023 | $0.00 | $0.19 | $0.19 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.17 | $0.82 |
| 2022 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.20 | $0.58 |
| 2021 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.06 | $0.42 |
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 Min Vol Factor 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 Min Vol Factor ETF was 38.77%, occurring on Mar 23, 2020. Recovery took 212 trading sessions.
The current iShares MSCI USA Small-Cap Min Vol Factor ETF drawdown is 3.66%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -38.77%Mar 2020 | 1mo 1d | 10mo 8d | 11mo 9dFeb 2020 - Jan 2021 |
Bear market2022 | -18.00%Sep 2022 | 10mo 17d | 1y 7mo | 2y 6moNov 2021 - May 2024 |
Rate-hike selloffLate 2018 | -15.20%Dec 2018 | 3mo 13d | 4mo 1d | 7mo 14dSep 2018 - Apr 2019 |
2025 selloff2025 | -13.68%Apr 2025 | 4mo 7d | 7mo 24d | 12mo 1dDec 2024 - Nov 2025 |
2018 pullback2018 | -7.54%Feb 2018 | 11d | 2mo 29d | 3mo 10dJan 2018 - May 2018 |
Drawdown Indicators
| SMMV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.77% | -56.78% | +18.01% |
Max Drawdown (1Y)Largest decline over 1 year | -7.02% | -9.10% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -13.68% | -18.90% | +5.22% |
Max Drawdown (5Y)Largest decline over 5 years | -18.00% | -25.43% | +7.43% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -3.66% | -1.80% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -5.09% | -10.71% | +5.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.32% | 2.03% | +0.29% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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