SMDV vs. RB
SMDV (ProShares Russell 2000 Dividend Growers ETF) and RB (ProShares Russell 2000 Dynamic Daily Buffer ETF) are both exchange-traded funds - SMDV is a Small Cap Blend Equities fund tracking the Russell 2000 Dividend Growth Index, while RB is a Defined Outcome fund tracking the Russell 2000. Both are passively managed. A 0.60 correlation means they provide meaningful diversification when combined. SMDV charges 0.40%/yr vs 0.58%/yr for RB.
Performance
SMDV vs. RB - 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 RB's 6.76% 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%
RB
- 1D
- -0.17%
- 1M
- 1.63%
- YTD
- 6.76%
- 6M
- 8.48%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SMDV vs. RB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SMDV ProShares Russell 2000 Dividend Growers ETF | 8.80% | 2.51% |
RB ProShares Russell 2000 Dynamic Daily Buffer ETF | 6.76% | 10.58% |
Correlation
The correlation between SMDV and RB is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 27, 2025 | 0.60 |
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Return for Risk
SMDV vs. RB — Risk / Return Rank
SMDV
RB
SMDV vs. RB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares Russell 2000 Dividend Growers ETF (SMDV) and ProShares Russell 2000 Dynamic Daily Buffer ETF (RB). 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 | RB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.16 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.41 | — | — |
| Martin ratioReturn relative to average drawdown | 4.25 | — | — |
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 | RB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 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 | 3.15 | -2.76 |
Drawdowns
SMDV vs. RB - Drawdown Comparison
The maximum SMDV drawdown since its inception was -34.12%, which is greater than RB's maximum drawdown of -1.70%. Use the drawdown chart below to compare losses from any high point for SMDV and RB.
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Drawdown Indicators
| SMDV | RB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.12% | -1.70% | -32.42% |
Max Drawdown (1Y)Largest decline over 1 year | -9.79% | — | — |
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% | -0.47% | -2.29% |
Average DrawdownAverage peak-to-trough decline | -5.93% | -0.41% | -5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.25% | — | — |
Volatility
SMDV vs. RB - Volatility Comparison
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Volatility by Period
| SMDV | RB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.41% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.85% | 6.21% | +9.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.69% | 6.21% | +12.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.73% | 6.21% | +14.52% |
SMDV vs. RB - Expense Ratio Comparison
SMDV has a 0.40% expense ratio, which is lower than RB's 0.58% expense ratio.
Dividends
SMDV vs. RB - Dividend Comparison
SMDV's dividend yield for the trailing twelve months is around 2.42%, more than RB's 2.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RB ProShares Russell 2000 Dynamic Daily Buffer ETF | 2.00% | 1.78% | 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 RB have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SMDV is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SMDV is cheaper with a 0.40% expense ratio, compared with 0.58% for RB.
SMDV has the higher dividend yield at 2.42%, compared with 2.00% for RB.
SMDV is categorized as Small Cap Blend Equities, while RB is Defined Outcome. SMDV tracks Russell 2000 Dividend Growth Index, while RB tracks Russell 2000. Their fees differ too: 0.40% for SMDV and 0.58% for RB.
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