NSMRX vs. IJR
NSMRX (Nuveen Small/Mid Cap Value Fund) and IJR (iShares Core S&P Small-Cap ETF) are both Small Cap Blend Equities funds. Over the past 10 years, NSMRX returned 12.21%/yr vs 10.86%/yr for IJR. Their correlation of 0.93 means they have usually moved in the same direction. NSMRX charges 1.05%/yr vs 0.06%/yr for IJR.
Performance
NSMRX vs. IJR - Performance Comparison
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Returns By Period
In the year-to-date period, NSMRX achieves a 18.75% return, which is significantly lower than IJR's 21.59% return. Over the past 10 years, NSMRX has outperformed IJR with an annualized return of 12.21%, while IJR has yielded a comparatively lower 10.86% annualized return.
NSMRX
- 1D
- 0.78%
- 1M
- -0.63%
- 6M
- 11.83%
- YTD
- 18.75%
- 1Y
- 33.04%
- 3Y*
- 18.20%
- 5Y*
- 13.91%
- 10Y*
- 12.21%
- ALL TIME*
- 8.22%
IJR
- 1D
- -0.03%
- 1M
- -0.70%
- 6M
- 15.04%
- YTD
- 21.59%
- 1Y
- 35.87%
- 3Y*
- 13.39%
- 5Y*
- 7.39%
- 10Y*
- 10.86%
- ALL TIME*
- 10.14%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $499.82M | $465.35M | $539.29M | |
| $0.00 | $0.00 | $0.00 |
NSMRX vs. IJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NSMRX Nuveen Small/Mid Cap Value Fund | 18.75% | 12.10% | 20.17% | 14.45% | -5.69% | 39.41% | 0.97% | 30.56% | -19.00% | 10.35% |
IJR iShares Core S&P Small-Cap ETF | 21.59% | 5.89% | 8.63% | 16.06% | -16.20% | 26.58% | 11.28% | 22.82% | -8.51% | 13.15% |
Correlation
The correlation between NSMRX and IJR is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.92 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2006 | 0.93 |
The correlation between NSMRX and IJR has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
NSMRX vs. IJR — Risk / Return Rank
NSMRX
IJR
NSMRX vs. IJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen Small/Mid Cap Value Fund (NSMRX) and iShares Core S&P Small-Cap ETF (IJR). 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.
| NSMRX | IJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.34 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.99 | 3.89 | -0.90 |
| Martin ratioReturn relative to average drawdown | 10.68 | 13.29 | -2.61 |
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Drawdowns
NSMRX vs. IJR - Drawdown Comparison
The maximum NSMRX drawdown since its inception was -68.14%, which is greater than IJR's maximum drawdown of -58.15%. Use the drawdown chart below to compare losses from any high point for NSMRX and IJR.
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Drawdown Indicators
| NSMRX | IJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.14% | -58.15% | -9.99% |
Max Drawdown (1Y)Largest decline over 1 year | -10.55% | -8.68% | -1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -24.02% | -28.02% | +4.00% |
Max Drawdown (5Y)Largest decline over 5 years | -24.02% | -28.02% | +4.00% |
Max Drawdown (10Y)Largest decline over 10 years | -44.57% | -44.36% | -0.21% |
Current DrawdownCurrent decline from peak | -2.44% | -1.92% | -0.52% |
Average DrawdownAverage peak-to-trough decline | -11.34% | -9.23% | -2.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 2.54% | +0.41% |
Volatility
NSMRX vs. IJR - Volatility Comparison
Nuveen Small/Mid Cap Value Fund (NSMRX) and iShares Core S&P Small-Cap ETF (IJR) have volatilities of 3.40% and 3.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NSMRX | IJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.40% | 3.40% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 12.88% | 11.62% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.83% | 17.33% | +0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.23% | 21.25% | -2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.37% | 22.85% | -1.48% |
NSMRX vs. IJR - Expense Ratio Comparison
NSMRX has a 1.05% expense ratio, which is higher than IJR's 0.06% expense ratio.
Dividends
NSMRX vs. IJR - Dividend Comparison
NSMRX's dividend yield for the trailing twelve months is around 5.80%, more than IJR's 1.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IJR iShares Core S&P Small-Cap ETF | 1.13% | 1.44% | 2.05% | 1.31% | 1.41% | 1.53% | 1.11% | 1.44% | 1.58% | 1.20% | 1.22% | 1.48% |
NSMRX Nuveen Small/Mid Cap Value Fund | 5.80% | 6.89% | 11.02% | 0.69% | 5.19% | 19.32% | 0.46% | 0.55% | 43.81% | 5.27% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.90, NSMRX and IJR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IJR has higher volatility (3.40%) compared to NSMRX (3.40%). In terms of maximum drawdown, NSMRX dropped -68.14% vs IJR's -58.15%.
IJR currently has the higher Sharpe Ratio (1.95 vs 1.77), 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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