SMDV vs. ABLS
SMDV (ProShares Russell 2000 Dividend Growers ETF) and ABLS (Abacus FCF Small Cap Leaders ETF) are both Small Cap Blend Equities funds - SMDV tracks the Russell 2000 Dividend Growth Index while ABLS tracks the Abacus FCF Small Cap Leaders Index. Both are passively managed. Over the past year, SMDV returned 13.74% vs 0.04% for ABLS. A 0.70 correlation means they provide meaningful diversification when combined. SMDV charges 0.40%/yr vs 0.39%/yr for ABLS.
Performance
SMDV vs. ABLS - Performance Comparison
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Returns By Period
In the year-to-date period, SMDV achieves a 8.80% return, which is significantly higher than ABLS's 2.75% return.
SMDV
- 1D
- -1.58%
- 1M
- -0.39%
- YTD
- 8.80%
- 6M
- 7.57%
- 1Y
- 13.74%
- 3Y*
- 9.13%
- 5Y*
- 3.88%
- 10Y*
- 7.08%
ABLS
- 1D
- -0.92%
- 1M
- 0.47%
- YTD
- 2.75%
- 6M
- -0.23%
- 1Y
- 0.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMDV vs. ABLS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMDV ProShares Russell 2000 Dividend Growers ETF | 8.80% | -2.92% |
ABLS Abacus FCF Small Cap Leaders ETF | 2.75% | -8.72% |
Correlation
The correlation between SMDV and ABLS is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2025 | 0.70 |
The correlation between SMDV and ABLS has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.
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Return for Risk
SMDV vs. ABLS — Risk / Return Rank
SMDV
ABLS
SMDV vs. ABLS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Russell 2000 Dividend Growers ETF (SMDV) and Abacus FCF Small Cap Leaders ETF (ABLS). 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.
| SMDV | ABLS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.01 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | 0.00 | +1.41 |
| Martin ratioReturn relative to average drawdown | 4.25 | 0.01 | +4.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SMDV | ABLS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.00 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | -0.23 | +0.61 |
Drawdowns
SMDV vs. ABLS - Drawdown Comparison
The maximum SMDV drawdown since its inception was -34.12%, which is greater than ABLS's maximum drawdown of -19.28%. Use the drawdown chart below to compare losses from any high point for SMDV and ABLS.
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Drawdown Indicators
| SMDV | ABLS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -19.28% | -14.84% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | -16.19% | +6.40% |
Max Drawdown (3Y)Largest decline over 3 years | -21.23% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | — | — |
Current DrawdownCurrent decline from peak | -2.76% | -6.21% | +3.45% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -8.45% | +2.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | 5.82% | -2.57% |
Volatility
SMDV vs. ABLS - Volatility Comparison
ProShares Russell 2000 Dividend Growers ETF (SMDV) has a higher volatility of 4.41% compared to Abacus FCF Small Cap Leaders ETF (ABLS) at 3.80%. This indicates that SMDV's price experiences larger fluctuations and is considered to be riskier than ABLS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMDV | ABLS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | 3.80% | +0.61% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 12.68% | -2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.85% | 17.35% | -1.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.69% | 21.25% | -2.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 21.25% | -0.52% |
SMDV vs. ABLS - Expense Ratio Comparison
SMDV has a 0.40% expense ratio, which is higher than ABLS's 0.39% expense ratio.
Dividends
SMDV vs. ABLS - Dividend Comparison
SMDV's dividend yield for the trailing twelve months is around 2.42%, less than ABLS's 13.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABLS Abacus FCF Small Cap Leaders ETF | 13.68% | 14.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SMDV ProShares Russell 2000 Dividend Growers ETF | 2.42% | 2.67% | 2.68% | 2.69% | 2.51% | 2.02% | 2.13% | 2.03% | 1.97% | 1.84% | 1.35% | 1.81% |
Frequently Asked Questions
SMDV and ABLS have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMDV has higher volatility (4.41%) compared to ABLS (3.80%). In terms of maximum drawdown, SMDV dropped -34.12% vs ABLS's -19.28%.
On 1-year performance, SMDV leads with 13.74% vs 0.04% for ABLS. On fees, ABLS is cheaper at 0.39% per year. On volatility, ABLS has been the lower-risk option at 3.80%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, SMDV has performed better with a 13.74% return vs 0.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ABLS is cheaper with a 0.39% expense ratio, compared with 0.40% for SMDV.
ABLS has the higher dividend yield at 13.68%, compared with 2.42% for SMDV.
SMDV tracks Russell 2000 Dividend Growth Index, while ABLS tracks Abacus FCF Small Cap Leaders Index. They also come from different issuers: ProShares and Abacus. Their fees differ too: 0.40% for SMDV and 0.39% for ABLS.
SMDV currently has the higher Sharpe Ratio (0.87 vs 0.00), 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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