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SGRW vs. SMMV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SGRW vs. SMMV

Last updated Jul 1, 2026
See Documentation

SGRW (Harbor Active Small Cap Growth ETF) and SMMV (iShares MSCI USA Small-Cap Min Vol Factor ETF) are both Small Cap Growth Equities funds. SGRW is actively managed, while SMMV is passively managed. At a 0.48 correlation, their price movements are largely independent.

Performance

SGRW vs. SMMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Active Small Cap Growth ETF (SGRW) 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

SGRW

1D
2.17%
1M
12.76%
YTD
—
6M
—
1Y
—
3Y*
—
5Y*
—
10Y*
—

SMMV

1D
-0.02%
1M
4.32%
YTD
7.18%
6M
6.51%
1Y
11.55%
3Y*
12.36%
5Y*
5.70%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SGRW vs. SMMV - Yearly Performance Comparison

2026 (YTD)
SGRW
Harbor Active Small Cap Growth ETF		30.61%
SMMV
iShares MSCI USA Small-Cap Min Vol Factor ETF		4.40%

Correlation

The correlation between SGRW and SMMV is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.48

Compare stocks, funds, or ETFs

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Harbor Active Small Cap Growth ETF

iShares MSCI USA Small-Cap Min Vol Factor ETF

Often compared with SMMV:
SMMV vs. SMLFSMMV vs. SMLVSMMV vs. USMVSMMV vs. XMU.TOSMMV vs. VBSMMV vs. IWMSMMV vs. IVV

Return for Risk

SGRW vs. SMMV — 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.

SMMV
SMMV Risk / Return Rank: 3636
Overall Rank
SMMV Sharpe Ratio Rank: 3636
Sharpe Ratio Rank
SMMV Sortino Ratio Rank: 3737
Sortino Ratio Rank
SMMV Omega Ratio Rank: 3434
Omega Ratio Rank
SMMV Calmar Ratio Rank: 3737
Calmar Ratio Rank
SMMV Martin Ratio Rank: 3636
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. SMMV - Risk-Adjusted Trends Comparison

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

SGRWSMMVDifference
Sharpe ratioReturn per unit of total volatility

—

1.17

—

Sortino ratioReturn per unit of downside risk

—

1.77

—

Omega ratioGain probability vs. loss probability

—

1.21

—

Calmar ratioReturn relative to maximum drawdown

—

1.65

—

Martin ratioReturn relative to average drawdown

—

4.97

—

SGRW vs. SMMV - Sharpe Ratio Comparison

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Drawdowns

SGRW vs. SMMV - Drawdown Comparison

The maximum SGRW drawdown since its inception was -16.25%, smaller than the maximum SMMV drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for SGRW and SMMV.

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Drawdown Indicators

SGRWSMMVDifference

Max Drawdown

Largest peak-to-trough decline

-16.25%

-38.77%

+22.52%

Max Drawdown (1Y)

Largest decline over 1 year

—

-7.02%

—

Max Drawdown (3Y)

Largest decline over 3 years

—

-13.68%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.00%

—

Current Drawdown

Current decline from peak

0.00%

-0.02%

+0.02%

Average Drawdown

Average peak-to-trough decline

-4.11%

-5.08%

+0.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.33%

—

Volatility

SGRW vs. SMMV - Volatility Comparison

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Volatility by Period

SGRWSMMVDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

2.99%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

6.77%

—

Volatility (1Y)

Calculated over the trailing 1-year period

27.62%

9.89%

+17.73%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.62%

13.50%

+14.12%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.62%

15.66%

+11.96%

Dividends

SGRW vs. SMMV - Dividend Comparison

SGRW has not paid dividends to shareholders, while SMMV's dividend yield for the trailing twelve months is around 1.69%.

PositionTTM2025202420232022202120202019201820172016
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%0.00%
SMMV
iShares MSCI USA Small-Cap Min Vol Factor ETF		1.69%1.77%1.76%2.30%1.67%1.08%1.39%1.64%1.72%1.63%0.79%

Frequently Asked Questions

SGRW and SMMV have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SMMV has the higher dividend yield at 1.69%, compared with 0.00% for SGRW.

They also come from different issuers: Harbor and iShares.

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