SMAP vs. SMCP

Last updated Jun 4, 2026

SMAP (Amplify Small-Mid Cap Equity ETF) and SMCP (AlphaMark Actively Managed Small Cap ETF) are both Small Cap Blend Equities funds. SMAP is actively managed, while SMCP is passively managed. At a 0.23 correlation, their price movements are largely independent. SMAP charges 0.60%/yr vs 0.90%/yr for SMCP.

Performance

SMAP vs. SMCP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Small-Mid Cap Equity ETF (SMAP) and AlphaMark Actively Managed Small Cap ETF (SMCP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SMAP

• 1D: 0.00%
• 1M: 1.72%
• YTD: 7.25%
• 6M: 5.82%
• 1Y: 12.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SMCP

• 1D: -0.30%
• 1M: -25.99%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SMAP vs. SMCP - Yearly Performance Comparison

	2026 (YTD)
SMAP Amplify Small-Mid Cap Equity ETF	0.39%
SMCP AlphaMark Actively Managed Small Cap ETF	-25.99%

Correlation

The correlation between SMAP and SMCP is 0.23, 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 Feb 9, 2026	0.23

SMAP vs. SMCP - Sectors Allocation Comparison

Sectors	SMAP	SMCP
Industrials	22.3%	13.1%
Healthcare	17.5%	11.0%
Technology	13.9%	11.1%
Financial Services	13.1%	98.8%
Consumer Cyclical	11.1%	7.3%
Basic Materials	7.9%	7.9%
Energy	6.6%	7.6%
Real Estate	5.6%	3.1%
Consumer Defensive	2.0%	8.1%
Communication Services	-	4.0%
Utilities	-	3.0%

Return for Risk

SMAP vs. SMCP — Risk / Return Rank

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

SMAP

SMAP Risk / Return Rank: 25
SMAP Sharpe Ratio Rank: 23
SMAP Sortino Ratio Rank: 24
SMAP Omega Ratio Rank: 23
SMAP Calmar Ratio Rank: 26
SMAP Martin Ratio Rank: 30

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.

SMAP vs. SMCP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Small-Mid Cap Equity ETF (SMAP) and AlphaMark Actively Managed Small Cap ETF (SMCP). 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.

	SMAP	SMCP	Difference
Sharpe ratio: Return per unit of total volatility	0.77	—	—
Sortino ratio: Return per unit of downside risk	1.24	—	—
Omega ratio: Gain probability vs. loss probability	1.14	—	—
Calmar ratio: Return relative to maximum drawdown	1.21	—	—
Martin ratio: Return relative to average drawdown	4.15	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SMAP	SMCP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	-1.43	+1.70

Drawdowns

SMAP vs. SMCP - Drawdown Comparison

The maximum SMAP drawdown since its inception was -24.12%, smaller than the maximum SMCP drawdown of -27.86%. Use the drawdown chart below to compare losses from any high point for SMAP and SMCP.

Drawdown Indicators

	SMAP	SMCP	Difference
Max Drawdown Largest peak-to-trough decline	-24.12%	-27.86%	+3.74%
Max Drawdown (1Y) Largest decline over 1 year	-10.01%	—	—
Current Drawdown Current decline from peak	-0.35%	-25.99%	+25.64%
Average Drawdown Average peak-to-trough decline	-7.01%	-5.33%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	—	—

Volatility

Volatility by Period

	SMAP	SMCP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.44%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	15.69%	43.62%	-27.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.63%	43.62%	-23.99%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.63%	43.62%	-23.99%

SMAP vs. SMCP - Expense Ratio Comparison

SMAP has a 0.60% expense ratio, which is lower than SMCP's 0.90% expense ratio.

Dividends

SMAP vs. SMCP - Dividend Comparison

SMAP's dividend yield for the trailing twelve months is around 0.42%, while SMCP has not paid dividends to shareholders.

Position	TTM	2025	2024
SMAP Amplify Small-Mid Cap Equity ETF	0.42%	0.48%	0.14%
SMCP AlphaMark Actively Managed Small Cap ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SMAP and SMCP in my portfolio?

SMAP and SMCP have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMAP or SMCP?

On fees, SMAP is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMAP or SMCP?

SMAP is cheaper with a 0.60% expense ratio, compared with 0.90% for SMCP.

Which ETF pays a higher dividend yield, SMAP or SMCP?

SMAP has the higher dividend yield at 0.42%, compared with 0.00% for SMCP.

What is the main difference between SMAP and SMCP?

They also come from different issuers: Amplify and AlphaMark Advisors. Their fees differ too: 0.60% for SMAP and 0.90% for SMCP.