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SGRW vs. SMMD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SGRW vs. SMMD

Last updated Jul 21, 2026
Documentation

SGRW (Harbor Active Small Cap Growth ETF) and SMMD (iShares Russell 2500 ETF) are both Small Cap Growth Equities funds. SGRW is actively managed, while SMMD is passively managed. Their correlation of 0.88 suggests significant overlap in exposure.

Performance

SGRW vs. SMMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Active Small Cap Growth ETF (SGRW) and iShares Russell 2500 ETF (SMMD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

SGRW

1D
-1.32%
1M
-1.88%
6M
20.44%
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—

SMMD

1D
-0.68%
1M
-1.19%
6M
11.33%
YTD
19.41%
1Y
29.18%
3Y*
15.99%
5Y*
8.11%
10Y*
—
ALL TIME*
11.10%
*Multi-year figures are annualized to reflect compound growth (CAGR)

SGRW vs. SMMD - Yearly Performance Comparison

2026 (YTD)
SGRW
Harbor Active Small Cap Growth ETF		20.15%
SMMD
iShares Russell 2500 ETF		12.39%

Correlation

The correlation between SGRW and SMMD is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jan 15, 2026

0.88

Compare stocks, funds, or ETFs

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

Harbor Active Small Cap Growth ETF

iShares Russell 2500 ETF

Often compared with SGRW:
SGRW vs. SIHYSGRW vs. LSEQSGRW vs. SMMVSGRW vs. BBMCSGRW vs. HAPISGRW vs. HGERSGRW vs. FSGS
Often compared with SMMD:
SMMD vs. VOOSMMD vs. IJRSMMD vs. IMCVSMMD vs. XJRSMMD vs. DODGXSMMD vs. IJHSMMD vs. IMCG

Return for Risk

SGRW vs. SMMD — Risk / Return Rank

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

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

SMMD
SMMD Risk / Return Rank: 7373
Overall Rank
SMMD Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
SMMD Sortino Ratio Rank: 7171
Sortino Ratio Rank
SMMD Omega Ratio Rank: 6464
Omega Ratio Rank
SMMD Calmar Ratio Rank: 7979
Calmar Ratio Rank
SMMD Martin Ratio Rank: 8181
Martin Ratio Rank
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.

SGRW vs. SMMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Active Small Cap Growth ETF (SGRW) 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.

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.

SGRWSMMDDifference
Sharpe ratioReturn per unit of total volatility

—

1.67

—

Sortino ratioReturn per unit of downside risk

—

2.41

—

Omega ratioGain probability vs. loss probability

—

1.29

—

Calmar ratioReturn relative to maximum drawdown

—

3.03

—

Martin ratioReturn relative to average drawdown

—

11.38

—

SGRW vs. SMMD - Sharpe Ratio Comparison

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Drawdowns

SGRW vs. SMMD - Drawdown Comparison

The maximum SGRW drawdown since its inception was -16.25%, smaller than the maximum SMMD drawdown of -41.06%. Use the drawdown chart below to compare losses from any high point for SGRW and SMMD.

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Drawdown Indicators

SGRWSMMDDifference

Max Drawdown

Largest peak-to-trough decline

-16.25%

-41.06%

+24.81%

Max Drawdown (1Y)

Largest decline over 1 year

—

-9.66%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-25.50%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-28.26%

—

Current Drawdown

Current decline from peak

-8.01%

-2.82%

-5.19%

Average Drawdown

Average peak-to-trough decline

-4.12%

-8.27%

+4.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.57%

—

Volatility

SGRW vs. SMMD - Volatility Comparison

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Volatility by Period

SGRWSMMDDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

3.76%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

13.28%

—

Volatility (1Y)

Calculated over the trailing 1-year period

27.28%

17.64%

+9.64%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.28%

20.84%

+6.44%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.28%

22.30%

+4.98%

Dividends

SGRW vs. SMMD - Dividend Comparison

SGRW has not paid dividends to shareholders, while SMMD's dividend yield for the trailing twelve months is around 1.08%.

PositionTTM202520242023202220212020201920182017
SGRW
Harbor Active Small Cap Growth ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
SMMD
iShares Russell 2500 ETF		1.08%1.28%1.27%1.44%1.79%1.12%1.31%1.50%2.45%0.68%

Frequently Asked Questions

SGRW and SMMD have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SMMD has the higher dividend yield at 1.08%, compared with 0.00% for SGRW.

They also come from different issuers: Harbor and iShares.

Portfolio Optimizer

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