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EES vs. SMMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EES vs. SMMV

Last updated Aug 2, 2026
Documentation

EES (WisdomTree U.S. SmallCap Fund) and SMMV (iShares MSCI USA Small-Cap Min Vol Factor ETF) are both Small Cap Blend Equities funds - EES tracks the WisdomTree U.S. Small Cap Index while SMMV tracks the MSCI USA Small Cap Minimum Volatility (USD) Index. Both are passively managed. Over the past 5 years, EES returned 8.46%/yr vs 6.29%/yr for SMMV. Their correlation of 0.82 means they have usually moved in the same direction. EES charges 0.38%/yr vs 0.20%/yr for SMMV.

Performance

EES vs. SMMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. SmallCap Fund (EES) 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, EES achieves a 19.30% return, which is significantly higher than SMMV's 9.33% return.

EES

1D
-0.15%
1M
0.09%
6M
14.07%
YTD
19.30%
1Y
35.49%
3Y*
13.58%
5Y*
8.46%
10Y*
11.05%
ALL TIME*
8.88%

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)

EES

WisdomTree U.S. SmallCap Fund
$647.35K$769.12K$909.42K

SMMV

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

EES vs. SMMV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EES
WisdomTree U.S. SmallCap Fund		19.30%6.99%9.86%18.53%-16.18%34.39%3.06%21.68%-10.12%12.42%
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 EES and SMMV is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

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

0.74

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

0.83

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

0.86

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

0.82

The correlation between EES and SMMV shifts across timeframes, from 0.74 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.

EES vs. SMMV - Sectors Allocation Comparison

Sectors
EES
SMMV

Financial Services

22.4%
9.2%

Technology

15.6%
13.7%

Consumer Cyclical

13.3%
5.3%

Industrials

12.9%
13.6%

Healthcare

10.1%
18.7%

Energy

6.3%
5.2%

Consumer Defensive

4.8%
7.6%

Real Estate

4.7%
12.5%

Basic Materials

4.7%
1.6%

Communication Services

3.5%
5.1%

Utilities

1.6%
7.5%

Financial Services

EES
22.4%
SMMV
9.2%

Technology

EES
15.6%
SMMV
13.7%

Consumer Cyclical

EES
13.3%
SMMV
5.3%

Industrials

EES
12.9%
SMMV
13.6%

Healthcare

EES
10.1%
SMMV
18.7%

Energy

EES
6.3%
SMMV
5.2%

Consumer Defensive

EES
4.8%
SMMV
7.6%

Real Estate

EES
4.7%
SMMV
12.5%

Basic Materials

EES
4.7%
SMMV
1.6%

Communication Services

EES
3.5%
SMMV
5.1%

Utilities

EES
1.6%
SMMV
7.5%

Compare stocks, funds, or ETFs

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

WisdomTree U.S. SmallCap Fund

iShares MSCI USA Small-Cap Min Vol Factor ETF

Often compared with EES:
EES vs. DESEES vs. DWASEES vs. VIOOEES vs. SCHDEES vs. IWMEES vs. RWJEES vs. SPY
Often compared with SMMV:
SMMV vs. SMLFSMMV vs. SMLVSMMV vs. USMVSMMV vs. XMU.TOSMMV vs. VBSMMV vs. IWMSMMV vs. IVV

Return for Risk

EES vs. SMMV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EES
EES Risk / Return Rank: 8686
Overall Rank
EES Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
EES Sortino Ratio Rank: 8686
Sortino Ratio Rank
EES Omega Ratio Rank: 8282
Omega Ratio Rank
EES Calmar Ratio Rank: 9191
Calmar Ratio Rank
EES Martin Ratio Rank: 8787
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.

EES vs. SMMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Fund (EES) 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.

EESSMMVDifference
Sharpe ratioReturn per unit of total volatility
1.96
1.58

+0.38

Sortino ratioReturn per unit of downside risk
2.85
2.42

+0.42

Omega ratioGain probability vs. loss probability

1.35

1.28

+0.06

Calmar ratioReturn relative to maximum drawdown

4.12

2.19

+1.92

Martin ratioReturn relative to average drawdown

12.80

6.75

+6.04

EES vs. SMMV - Sharpe Ratio Comparison

The current EES Sharpe Ratio is 1.96, which is comparable to the SMMV Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of EES 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

EES vs. SMMV - Drawdown Comparison

The maximum EES drawdown since its inception was -63.66%, which is greater than SMMV's maximum drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for EES and SMMV.

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Drawdown Indicators

EESSMMVDifference

Max Drawdown

Largest peak-to-trough decline

-63.66%

-38.77%

-24.89%

Max Drawdown (1Y)

Largest decline over 1 year

-7.98%

-7.02%

-0.96%

Max Drawdown (3Y)

Largest decline over 3 years

-27.15%

-13.68%

-13.47%

Max Drawdown (5Y)

Largest decline over 5 years

-27.15%

-18.00%

-9.15%

Max Drawdown (10Y)

Largest decline over 10 years

-50.52%

—

—

Current Drawdown

Current decline from peak

-1.33%

-1.07%

-0.26%

Average Drawdown

Average peak-to-trough decline

-10.29%

-5.04%

-5.25%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.56%

2.28%

+0.28%

Volatility

EES vs. SMMV - Volatility Comparison

WisdomTree U.S. SmallCap Fund (EES) has a higher volatility of 3.32% compared to iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) at 2.85%. This indicates that EES'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

EESSMMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.32%

2.85%

+0.47%

Volatility (6M)

Calculated over the trailing 6-month period

10.83%

6.98%

+3.85%

Volatility (1Y)

Calculated over the trailing 1-year period

16.81%

9.75%

+7.06%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.33%

13.44%

+7.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.71%

15.62%

+8.09%

EES vs. SMMV - Expense Ratio Comparison

EES has a 0.38% expense ratio, which is higher than SMMV's 0.20% expense ratio.

Dividends

EES vs. SMMV - Dividend Comparison

EES's dividend yield for the trailing twelve months is around 1.14%, less than SMMV's 1.66% yield.

PositionTTM20252024202320222021202020192018201720162015
EES
WisdomTree U.S. SmallCap Fund		1.14%1.29%1.37%1.18%1.12%1.69%1.29%1.31%1.81%0.93%1.02%1.38%
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

EES and SMMV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

EES has higher volatility (3.32%) compared to SMMV (2.85%). In terms of maximum drawdown, EES dropped -63.66% vs SMMV's -38.77%.

On 5-year performance, EES leads with 8.46% vs 6.29% for SMMV. 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, EES has performed better with a 8.46% return vs 6.29%. 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 0.38% for EES.

SMMV has the higher dividend yield at 1.66%, compared with 1.14% for EES.

EES tracks WisdomTree U.S. Small Cap Index, while SMMV tracks MSCI USA Small Cap Minimum Volatility (USD) Index. They also come from different issuers: WisdomTree and iShares. Their fees differ too: 0.38% for EES and 0.20% for SMMV.

EES currently has the higher Sharpe Ratio (1.96 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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