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CSB vs. SMMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

CSB vs. SMMV

Last updated Aug 2, 2026
Documentation

CSB (VictoryShares US Small Cap High Dividend Volatility Wtd ETF) and SMMV (iShares MSCI USA Small-Cap Min Vol Factor ETF) are both Small Cap Blend Equities funds - CSB tracks the Nasdaq Victory U.S. Small Cap High Dividend 100 Volatility Weighted Index while SMMV tracks the MSCI USA Small Cap Minimum Volatility (USD) Index. Both are passively managed. Over the past 5 years, CSB returned 6.13%/yr vs 6.29%/yr for SMMV. Their correlation of 0.82 means they have usually moved in the same direction. CSB charges 0.35%/yr vs 0.20%/yr for SMMV.

Performance

CSB vs. SMMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, CSB achieves a 15.23% return, which is significantly higher than SMMV's 9.33% return.

CSB

1D
-0.53%
1M
1.25%
6M
8.88%
YTD
15.23%
1Y
24.42%
3Y*
11.11%
5Y*
6.13%
10Y*
10.15%
ALL TIME*
9.76%

SMMV

1D
-0.06%
1M
0.56%
6M
7.36%
YTD
9.33%
1Y
16.10%
3Y*
12.24%
5Y*
6.29%
10Y*
—
ALL TIME*
8.71%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

CSB

VictoryShares US Small Cap High Dividend Volatility Wtd ETF
$947.81K$1.11M$636.51K

SMMV

iShares MSCI USA Small-Cap Min Vol Factor ETF
$337.38K$347.17K$431.55K

CSB vs. SMMV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
CSB
VictoryShares US Small Cap High Dividend Volatility Wtd ETF		15.23%2.26%9.64%12.60%-13.11%27.04%11.30%21.12%-7.10%11.32%
SMMV
iShares MSCI USA Small-Cap Min Vol Factor ETF		9.33%6.42%18.29%5.63%-10.00%16.64%-2.88%24.21%1.15%14.31%

Correlation

The correlation between CSB and SMMV is 0.80, meaning they have usually moved in the same direction, including during past declines.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.80

Correlation (3Y)
Balances recent behavior with more history.

0.86

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.87

Correlation (All Time)
Calculated using the full available price history since Sep 9, 2016

0.82

The correlation between CSB and SMMV has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.

CSB vs. SMMV - Sectors Allocation Comparison

Sectors
CSB
SMMV

Financial Services

27.5%
9.2%

Utilities

21.3%
7.5%

Consumer Cyclical

20.0%
5.3%

Energy

9.9%
5.2%

Industrials

8.5%
13.6%

Consumer Defensive

4.0%
7.6%

Communication Services

3.8%
5.1%

Basic Materials

3.7%
1.6%

Technology

1.3%
13.7%

Healthcare

0.4%
18.7%

Real Estate

-

12.5%

Financial Services

CSB
27.5%
SMMV
9.2%

Utilities

CSB
21.3%
SMMV
7.5%

Consumer Cyclical

CSB
20.0%
SMMV
5.3%

Energy

CSB
9.9%
SMMV
5.2%

Industrials

CSB
8.5%
SMMV
13.6%

Consumer Defensive

CSB
4.0%
SMMV
7.6%

Communication Services

CSB
3.8%
SMMV
5.1%

Basic Materials

CSB
3.7%
SMMV
1.6%

Technology

CSB
1.3%
SMMV
13.7%

Healthcare

CSB
0.4%
SMMV
18.7%

Real Estate

CSB

-

SMMV
12.5%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

VictoryShares US Small Cap High Dividend Volatility Wtd ETF

iShares MSCI USA Small-Cap Min Vol Factor ETF

Often compared with CSB:
CSB vs. VBCSB vs. FLQSCSB vs. AVUVCSB vs. XSVMCSB vs. SCHACSB vs. SCHDCSB vs. SDY
Often compared with SMMV:
SMMV vs. SMLFSMMV vs. SMLVSMMV vs. USMVSMMV vs. XMU.TOSMMV vs. VBSMMV vs. IWMSMMV vs. IVV

Return for Risk

CSB vs. SMMV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
CSB
CSB Risk / Return Rank: 7575
Overall Rank
CSB Sharpe Ratio Rank: 7272
Sharpe Ratio Rank
CSB Sortino Ratio Rank: 7777
Sortino Ratio Rank
CSB Omega Ratio Rank: 6969
Omega Ratio Rank
CSB Calmar Ratio Rank: 8484
Calmar Ratio Rank
CSB Martin Ratio Rank: 7575
Martin Ratio Rank
SMMV
SMMV Risk / Return Rank: 6666
Overall Rank
SMMV Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
SMMV Sortino Ratio Rank: 7575
Sortino Ratio Rank
SMMV Omega Ratio Rank: 6868
Omega Ratio Rank
SMMV Calmar Ratio Rank: 6363
Calmar Ratio Rank
SMMV Martin Ratio Rank: 5656
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

CSB vs. SMMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

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.

CSBSMMVDifference
Sharpe ratioReturn per unit of total volatility
1.63
1.58

+0.05

Sortino ratioReturn per unit of downside risk
2.48
2.42

+0.06

Omega ratioGain probability vs. loss probability

1.29

1.28

+0.01

Calmar ratioReturn relative to maximum drawdown

3.16

2.19

+0.97

Martin ratioReturn relative to average drawdown

9.49

6.75

+2.74

CSB vs. SMMV - Sharpe Ratio Comparison

The current CSB Sharpe Ratio is 1.63, which is comparable to the SMMV Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of CSB and SMMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

CSB vs. SMMV - Drawdown Comparison

The maximum CSB drawdown since its inception was -42.07%, which is greater than SMMV's maximum drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for CSB and SMMV.

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Drawdown Indicators

CSBSMMVDifference

Max Drawdown

Largest peak-to-trough decline

-42.07%

-38.77%

-3.30%

Max Drawdown (1Y)

Largest decline over 1 year

-7.18%

-7.02%

-0.16%

Max Drawdown (3Y)

Largest decline over 3 years

-21.82%

-13.68%

-8.14%

Max Drawdown (5Y)

Largest decline over 5 years

-24.49%

-18.00%

-6.49%

Max Drawdown (10Y)

Largest decline over 10 years

-42.07%

—

—

Current Drawdown

Current decline from peak

-1.96%

-1.07%

-0.89%

Average Drawdown

Average peak-to-trough decline

-7.05%

-5.04%

-2.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.39%

2.28%

+0.11%

Volatility

CSB vs. SMMV - Volatility Comparison

VictoryShares US Small Cap High Dividend Volatility Wtd ETF (CSB) has a higher volatility of 3.59% compared to iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) at 2.85%. This indicates that CSB's price experiences larger fluctuations and is considered to be riskier than SMMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

CSBSMMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.59%

2.85%

+0.74%

Volatility (6M)

Calculated over the trailing 6-month period

8.87%

6.98%

+1.89%

Volatility (1Y)

Calculated over the trailing 1-year period

13.91%

9.75%

+4.16%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.59%

13.44%

+5.15%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.25%

15.62%

+5.63%

CSB vs. SMMV - Expense Ratio Comparison

CSB has a 0.35% expense ratio, which is higher than SMMV's 0.20% expense ratio.

Dividends

CSB vs. SMMV - Dividend Comparison

CSB's dividend yield for the trailing twelve months is around 3.12%, more than SMMV's 1.66% yield.

PositionTTM20252024202320222021202020192018201720162015
CSB
VictoryShares US Small Cap High Dividend Volatility Wtd ETF		3.12%3.54%3.12%3.45%3.60%3.11%3.70%3.19%3.45%3.19%2.85%1.57%
SMMV
iShares MSCI USA Small-Cap Min Vol Factor ETF		1.66%1.77%1.76%2.30%1.67%1.08%1.39%1.64%1.72%1.63%0.79%0.00%

Frequently Asked Questions

CSB and SMMV have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

CSB has higher volatility (3.59%) compared to SMMV (2.85%). In terms of maximum drawdown, CSB dropped -42.07% vs SMMV's -38.77%.

On 5-year performance, SMMV leads with 6.29% vs 6.13% for CSB. On fees, SMMV is cheaper at 0.20% per year. On volatility, SMMV has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SMMV has performed better with a 6.29% return vs 6.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SMMV is cheaper with a 0.20% expense ratio, compared with 0.35% for CSB.

CSB has the higher dividend yield at 3.12%, compared with 1.66% for SMMV.

CSB tracks Nasdaq Victory U.S. Small Cap High Dividend 100 Volatility Weighted Index, while SMMV tracks MSCI USA Small Cap Minimum Volatility (USD) Index. They also come from different issuers: Crestview and iShares. Their fees differ too: 0.35% for CSB and 0.20% for SMMV.

CSB currently has the higher Sharpe Ratio (1.63 vs 1.58), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.

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