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ISMD vs. SMMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ISMD vs. SMMV

Last updated Aug 2, 2026
Documentation

ISMD (Inspire Small/Mid Cap Impact ETF) and SMMV (iShares MSCI USA Small-Cap Min Vol Factor ETF) are both Small Cap Blend Equities funds - ISMD tracks the Inspire Small/Mid Cap Impact Equal Weight Index while SMMV tracks the MSCI USA Small Cap Minimum Volatility (USD) Index. Both are passively managed. Over the past 5 years, ISMD returned 9.57%/yr vs 6.29%/yr for SMMV. Their correlation of 0.82 means they have usually moved in the same direction. ISMD charges 0.57%/yr vs 0.20%/yr for SMMV.

Performance

ISMD vs. SMMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Inspire Small/Mid Cap Impact ETF (ISMD) 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, ISMD achieves a 27.66% return, which is significantly higher than SMMV's 9.33% return.

ISMD

1D
-0.28%
1M
-0.59%
6M
18.90%
YTD
27.66%
1Y
41.09%
3Y*
14.14%
5Y*
9.57%
10Y*
—
ALL TIME*
9.85%

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)

ISMD

Inspire Small/Mid Cap Impact ETF
$2.42M$2.34M$1.91M

SMMV

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

ISMD vs. SMMV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ISMD
Inspire Small/Mid Cap Impact ETF		27.66%4.14%9.53%16.74%-13.44%29.38%7.45%24.62%-12.63%8.73%
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%10.07%

Correlation

The correlation between ISMD and SMMV is 0.67, 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.

0.67

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

0.81

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

0.85

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2017

0.82

The correlation between ISMD and SMMV shifts across timeframes, from 0.67 (1 year) to 0.85 (5 years), reflecting how their relationship changes across market environments.

ISMD vs. SMMV - Sectors Allocation Comparison

Sectors
ISMD
SMMV

Financial Services

17.1%
9.2%

Industrials

15.8%
13.6%

Technology

14.1%
13.7%

Consumer Cyclical

10.9%
5.3%

Healthcare

9.7%
18.7%

Real Estate

8.5%
12.5%

Basic Materials

6.8%
1.6%

Consumer Defensive

6.3%
7.6%

Energy

4.5%
5.2%

Utilities

3.6%
7.5%

Communication Services

1.5%
5.1%

Financial Services

ISMD
17.1%
SMMV
9.2%

Industrials

ISMD
15.8%
SMMV
13.6%

Technology

ISMD
14.1%
SMMV
13.7%

Consumer Cyclical

ISMD
10.9%
SMMV
5.3%

Healthcare

ISMD
9.7%
SMMV
18.7%

Real Estate

ISMD
8.5%
SMMV
12.5%

Basic Materials

ISMD
6.8%
SMMV
1.6%

Consumer Defensive

ISMD
6.3%
SMMV
7.6%

Energy

ISMD
4.5%
SMMV
5.2%

Utilities

ISMD
3.6%
SMMV
7.5%

Communication Services

ISMD
1.5%
SMMV
5.1%

Compare stocks, funds, or ETFs

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

Inspire Small/Mid Cap Impact ETF

iShares MSCI USA Small-Cap Min Vol Factor ETF

Often compared with ISMD:
ISMD vs. SPMOISMD vs. TPSCISMD vs. TAAGXISMD vs. TPHDISMD vs. XMMOISMD vs. BIBLISMD vs. ^GSPC
Often compared with SMMV:
SMMV vs. SMLFSMMV vs. SMLVSMMV vs. USMVSMMV vs. XMU.TOSMMV vs. VBSMMV vs. IWMSMMV vs. IVV

Return for Risk

ISMD vs. SMMV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
ISMD
ISMD Risk / Return Rank: 8888
Overall Rank
ISMD Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
ISMD Sortino Ratio Rank: 8888
Sortino Ratio Rank
ISMD Omega Ratio Rank: 8585
Omega Ratio Rank
ISMD Calmar Ratio Rank: 9191
Calmar Ratio Rank
ISMD Martin Ratio Rank: 8888
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.

ISMD vs. SMMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Inspire Small/Mid Cap Impact ETF (ISMD) 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.

ISMDSMMVDifference
Sharpe ratioReturn per unit of total volatility
2.14
1.58

+0.56

Sortino ratioReturn per unit of downside risk
3.02
2.42

+0.60

Omega ratioGain probability vs. loss probability

1.37

1.28

+0.08

Calmar ratioReturn relative to maximum drawdown

4.03

2.19

+1.83

Martin ratioReturn relative to average drawdown

13.05

6.75

+6.30

ISMD vs. SMMV - Sharpe Ratio Comparison

The current ISMD Sharpe Ratio is 2.14, which is higher than the SMMV Sharpe Ratio of 1.58. The chart below compares the historical Sharpe Ratios of ISMD 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

ISMD vs. SMMV - Drawdown Comparison

The maximum ISMD drawdown since its inception was -44.60%, which is greater than SMMV's maximum drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for ISMD and SMMV.

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Drawdown Indicators

ISMDSMMVDifference

Max Drawdown

Largest peak-to-trough decline

-44.60%

-38.77%

-5.83%

Max Drawdown (1Y)

Largest decline over 1 year

-9.64%

-7.02%

-2.62%

Max Drawdown (3Y)

Largest decline over 3 years

-26.64%

-13.68%

-12.96%

Max Drawdown (5Y)

Largest decline over 5 years

-26.64%

-18.00%

-8.64%

Current Drawdown

Current decline from peak

-2.21%

-1.07%

-1.14%

Average Drawdown

Average peak-to-trough decline

-8.05%

-5.04%

-3.01%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.97%

2.28%

+0.69%

Volatility

ISMD vs. SMMV - Volatility Comparison

Inspire Small/Mid Cap Impact ETF (ISMD) has a higher volatility of 3.68% compared to iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) at 2.85%. This indicates that ISMD'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

ISMDSMMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.68%

2.85%

+0.83%

Volatility (6M)

Calculated over the trailing 6-month period

12.55%

6.98%

+5.57%

Volatility (1Y)

Calculated over the trailing 1-year period

18.22%

9.75%

+8.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.76%

13.44%

+7.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

23.62%

15.62%

+8.00%

ISMD vs. SMMV - Expense Ratio Comparison

ISMD has a 0.57% expense ratio, which is higher than SMMV's 0.20% expense ratio.

Dividends

ISMD vs. SMMV - Dividend Comparison

ISMD's dividend yield for the trailing twelve months is around 1.12%, less than SMMV's 1.66% yield.

PositionTTM2025202420232022202120202019201820172016
ISMD
Inspire Small/Mid Cap Impact ETF		1.12%1.21%1.24%1.17%1.28%9.35%0.99%0.88%1.35%2.02%0.00%
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%

Frequently Asked Questions

ISMD and SMMV have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ISMD has higher volatility (3.68%) compared to SMMV (2.85%). In terms of maximum drawdown, ISMD dropped -44.60% vs SMMV's -38.77%.

On 5-year performance, ISMD leads with 9.57% 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, ISMD has performed better with a 9.57% 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 0.57% for ISMD.

SMMV has the higher dividend yield at 1.66%, compared with 1.12% for ISMD.

ISMD tracks Inspire Small/Mid Cap Impact Equal Weight Index, while SMMV tracks MSCI USA Small Cap Minimum Volatility (USD) Index. They also come from different issuers: Inspire and iShares. Their fees differ too: 0.57% for ISMD and 0.20% for SMMV.

ISMD currently has the higher Sharpe Ratio (2.14 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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