SMDV vs. IWC
Compare and contrast key facts about ProShares Russell 2000 Dividend Growers ETF (SMDV) and iShares Microcap ETF (IWC).
SMDV and IWC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMDV is a passively managed fund by ProShares that tracks the performance of the Russell 2000 Dividend Growth Index. It was launched on Feb 5, 2015. IWC is a passively managed fund by iShares that tracks the performance of the Russell Microcap Index. It was launched on Aug 12, 2005. Both SMDV and IWC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
SMDV vs. IWC - Performance Comparison
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SMDV vs. IWC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMDV ProShares Russell 2000 Dividend Growers ETF | 5.41% | 0.26% | 7.03% | 8.99% | -5.90% | 18.98% | -4.74% | 17.23% | -0.58% | 4.63% |
IWC iShares Microcap ETF | 1.99% | 22.45% | 13.63% | 8.99% | -21.93% | 18.67% | 20.88% | 22.20% | -13.13% | 12.79% |
Returns By Period
In the year-to-date period, SMDV achieves a 5.41% return, which is significantly higher than IWC's 1.99% return. Over the past 10 years, SMDV has underperformed IWC with an annualized return of 7.16%, while IWC has yielded a comparatively higher 10.15% annualized return.
SMDV
- 1D
- 0.73%
- 1M
- -3.74%
- YTD
- 5.41%
- 6M
- 5.80%
- 1Y
- 8.17%
- 3Y*
- 7.24%
- 5Y*
- 3.74%
- 10Y*
- 7.16%
IWC
- 1D
- 0.61%
- 1M
- -5.48%
- YTD
- 1.99%
- 6M
- 8.14%
- 1Y
- 46.56%
- 3Y*
- 16.75%
- 5Y*
- 2.65%
- 10Y*
- 10.15%
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SMDV vs. IWC - Expense Ratio Comparison
SMDV has a 0.40% expense ratio, which is lower than IWC's 0.60% expense ratio.
Return for Risk
SMDV vs. IWC — Risk / Return Rank
SMDV
IWC
SMDV vs. IWC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Russell 2000 Dividend Growers ETF (SMDV) and iShares Microcap ETF (IWC). 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 | IWC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.45 | 1.78 | -1.33 |
Sortino ratioReturn per unit of downside risk | 0.79 | 2.42 | -1.63 |
Omega ratioGain probability vs. loss probability | 1.10 | 1.30 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 3.48 | -2.71 |
Martin ratioReturn relative to average drawdown | 2.24 | 11.21 | -8.97 |
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 | IWC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.45 | 1.78 | -1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.20 | 0.11 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | 0.42 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.28 | +0.09 |
Correlation
The correlation between SMDV and IWC is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SMDV vs. IWC - Dividend Comparison
SMDV's dividend yield for the trailing twelve months is around 2.50%, more than IWC's 1.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMDV ProShares Russell 2000 Dividend Growers ETF | 2.50% | 2.67% | 2.68% | 2.69% | 2.51% | 2.02% | 2.13% | 2.03% | 1.97% | 1.84% | 1.35% | 1.81% |
IWC iShares Microcap ETF | 1.06% | 1.10% | 1.06% | 1.17% | 1.18% | 0.78% | 0.98% | 1.19% | 1.01% | 1.09% | 1.16% | 1.49% |
Drawdowns
SMDV vs. IWC - Drawdown Comparison
The maximum SMDV drawdown since its inception was -34.12%, smaller than the maximum IWC drawdown of -64.61%. Use the drawdown chart below to compare losses from any high point for SMDV and IWC.
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Drawdown Indicators
| SMDV | IWC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -64.61% | +30.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -13.35% | +2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -21.23% | -40.68% | +19.45% |
Max Drawdown (10Y)Largest decline over 10 years | -34.12% | -47.21% | +13.09% |
Current DrawdownCurrent decline from peak | -5.79% | -8.27% | +2.48% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -15.39% | +9.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.75% | 4.14% | -0.39% |
Volatility
SMDV vs. IWC - Volatility Comparison
The current volatility for ProShares Russell 2000 Dividend Growers ETF (SMDV) is 4.34%, while iShares Microcap ETF (IWC) has a volatility of 8.93%. This indicates that SMDV experiences smaller price fluctuations and is considered to be less risky than IWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMDV | IWC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.34% | 8.93% | -4.59% |
Volatility (6M)Calculated over the trailing 6-month period | 10.68% | 18.07% | -7.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.25% | 26.30% | -8.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 24.40% | -5.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.71% | 24.30% | -3.59% |