ESIX vs. SMDV

Last updated Jul 17, 2026

ESIX (SPDR S&P SmallCap 600 ESG ETF) and SMDV (ProShares Russell 2000 Dividend Growers ETF) are both Small Cap Blend Equities funds - ESIX tracks the S&P SmallCap 600 ESG Index while SMDV tracks the Russell 2000 Dividend Growth Index. Both are passively managed. Their correlation of 0.89 suggests significant overlap in exposure. ESIX charges 0.12%/yr vs 0.40%/yr for SMDV.

Performance

ESIX vs. SMDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SPDR S&P SmallCap 600 ESG ETF (ESIX) and ProShares Russell 2000 Dividend Growers ETF (SMDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ESIX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMDV

• 1D: 2.87%
• 1M: 6.52%
• 6M: 13.64%
• YTD: 20.97%
• 1Y: 22.84%
• 3Y*: 12.70%
• 5Y*: 7.75%
• 10Y*: 7.62%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ESIX vs. SMDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ESIX SPDR S&P SmallCap 600 ESG ETF	10.83%	1.83%	9.66%	17.51%	-13.44%
SMDV ProShares Russell 2000 Dividend Growers ETF	20.97%	0.26%	7.03%	8.99%	-6.26%

Correlation

The correlation between ESIX and SMDV is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jan 11, 2022	0.89

The correlation between ESIX and SMDV shifts across timeframes, from 0.76 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.

ESIX vs. SMDV - Sectors Allocation Comparison

Sectors	ESIX	SMDV
Financial Services	17.0%	32.8%
Industrials	16.9%	21.9%
Technology	16.9%	2.5%
Consumer Cyclical	12.1%	4.1%
Healthcare	10.8%	1.6%
Real Estate	6.9%	7.5%
Energy	6.7%	-
Basic Materials	4.6%	8.3%
Communication Services	3.1%	1.1%
Consumer Defensive	2.9%	4.4%
Utilities	2.0%	15.7%

Return for Risk

ESIX vs. SMDV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ESIX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

SMDV

SMDV Risk / Return Rank: 56
SMDV Sharpe Ratio Rank: 54
SMDV Sortino Ratio Rank: 62
SMDV Omega Ratio Rank: 52
SMDV Calmar Ratio Rank: 58
SMDV Martin Ratio Rank: 53

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ESIX vs. SMDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P SmallCap 600 ESG ETF (ESIX) and ProShares Russell 2000 Dividend Growers ETF (SMDV). 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.

	ESIX	SMDV	Difference
Sharpe ratio: Return per unit of total volatility	—	1.49	—
Sortino ratio: Return per unit of downside risk	—	2.33	—
Omega ratio: Gain probability vs. loss probability	—	1.27	—
Calmar ratio: Return relative to maximum drawdown	—	2.34	—
Martin ratio: Return relative to average drawdown	—	7.30	—

Drawdowns

Drawdown Indicators

	ESIX	SMDV	Difference
Max Drawdown Largest peak-to-trough decline	—	-34.12%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.79%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-21.23%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.23%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.12%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-5.88%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.13%	—

Volatility

Volatility by Period

	ESIX	SMDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.46%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.43%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	18.61%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	20.73%	—

ESIX vs. SMDV - Expense Ratio Comparison

ESIX has a 0.12% expense ratio, which is lower than SMDV's 0.40% expense ratio.

Dividends

ESIX vs. SMDV - Dividend Comparison

ESIX's dividend yield for the trailing twelve months is around 1.05%, less than SMDV's 2.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESIX SPDR S&P SmallCap 600 ESG ETF	1.05%	1.64%	1.65%	1.69%	1.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SMDV ProShares Russell 2000 Dividend Growers ETF	2.23%	2.67%	2.68%	2.69%	2.51%	2.02%	2.13%	2.03%	1.97%	1.84%	1.35%	1.81%

Frequently Asked Questions

Can I hold both ESIX and SMDV in my portfolio?

ESIX and SMDV have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ESIX or SMDV?

On fees, ESIX is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ESIX or SMDV?

ESIX is cheaper with a 0.12% expense ratio, compared with 0.40% for SMDV.

Which ETF pays a higher dividend yield, ESIX or SMDV?

SMDV has the higher dividend yield at 2.23%, compared with 1.05% for ESIX.

What is the main difference between ESIX and SMDV?

ESIX tracks S&P SmallCap 600 ESG Index, while SMDV tracks Russell 2000 Dividend Growth Index. They also come from different issuers: State Street and ProShares. Their fees differ too: 0.12% for ESIX and 0.40% for SMDV.