IIVAX vs. SMMD
Compare and contrast key facts about Transamerica Small/Mid Cap Value Fund (IIVAX) and iShares Russell 2500 ETF (SMMD).
IIVAX is managed by Transamerica. It was launched on Apr 2, 2001. SMMD is a passively managed fund by iShares that tracks the performance of the Russell 2500 Index. It was launched on Jul 6, 2017.
Performance
IIVAX vs. SMMD - Performance Comparison
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IIVAX vs. SMMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IIVAX Transamerica Small/Mid Cap Value Fund | 0.78% | 9.49% | 8.57% | 12.02% | -8.35% | 27.49% | 3.25% | 24.62% | -11.87% | 7.92% |
SMMD iShares Russell 2500 ETF | 2.10% | 11.72% | 11.87% | 17.71% | -18.53% | 18.30% | 19.98% | 28.01% | -10.58% | 10.82% |
Returns By Period
In the year-to-date period, IIVAX achieves a 0.78% return, which is significantly lower than SMMD's 2.10% return.
IIVAX
- 1D
- -0.19%
- 1M
- -6.68%
- YTD
- 0.78%
- 6M
- 2.98%
- 1Y
- 13.12%
- 3Y*
- 9.96%
- 5Y*
- 6.32%
- 10Y*
- 9.33%
SMMD
- 1D
- 3.53%
- 1M
- -5.15%
- YTD
- 2.10%
- 6M
- 4.19%
- 1Y
- 23.65%
- 3Y*
- 13.21%
- 5Y*
- 5.12%
- 10Y*
- —
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IIVAX vs. SMMD - Expense Ratio Comparison
IIVAX has a 1.23% expense ratio, which is higher than SMMD's 0.15% expense ratio.
Return for Risk
IIVAX vs. SMMD — Risk / Return Rank
IIVAX
SMMD
IIVAX vs. SMMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Transamerica Small/Mid Cap Value Fund (IIVAX) and iShares Russell 2500 ETF (SMMD). 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.
| IIVAX | SMMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.74 | 1.08 | -0.34 |
Sortino ratioReturn per unit of downside risk | 1.16 | 1.62 | -0.46 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 0.92 | 1.67 | -0.75 |
Martin ratioReturn relative to average drawdown | 3.62 | 7.05 | -3.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| IIVAX | SMMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.74 | 1.08 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.25 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.42 | +0.05 |
Correlation
The correlation between IIVAX and SMMD is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
IIVAX vs. SMMD - Dividend Comparison
IIVAX's dividend yield for the trailing twelve months is around 10.50%, more than SMMD's 1.22% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IIVAX Transamerica Small/Mid Cap Value Fund | 10.50% | 10.58% | 12.75% | 4.83% | 9.72% | 10.94% | 0.48% | 3.17% | 12.58% | 13.20% | 5.91% | 9.34% |
SMMD iShares Russell 2500 ETF | 1.22% | 1.28% | 1.27% | 1.44% | 1.79% | 1.12% | 1.31% | 1.50% | 2.45% | 0.68% | 0.00% | 0.00% |
Drawdowns
IIVAX vs. SMMD - Drawdown Comparison
The maximum IIVAX drawdown since its inception was -57.38%, which is greater than SMMD's maximum drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for IIVAX and SMMD.
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Drawdown Indicators
| IIVAX | SMMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.38% | -41.06% | -16.32% |
Max Drawdown (1Y)Largest decline over 1 year | -12.98% | -14.02% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -23.12% | -28.26% | +5.14% |
Max Drawdown (10Y)Largest decline over 10 years | -44.13% | — | — |
Current DrawdownCurrent decline from peak | -7.84% | -6.47% | -1.37% |
Average DrawdownAverage peak-to-trough decline | -8.38% | -8.52% | +0.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.30% | 3.32% | -0.02% |
Volatility
IIVAX vs. SMMD - Volatility Comparison
The current volatility for Transamerica Small/Mid Cap Value Fund (IIVAX) is 4.05%, while iShares Russell 2500 ETF (SMMD) has a volatility of 7.30%. This indicates that IIVAX experiences smaller price fluctuations and is considered to be less risky than SMMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IIVAX | SMMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.05% | 7.30% | -3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.92% | 13.19% | -3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.39% | 22.05% | -3.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.62% | 20.80% | -2.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.51% | 22.46% | -1.95% |