SMIZ vs. QUIZ

Last updated Jul 14, 2026

SMIZ (Zacks Small/Mid Cap ETF) and QUIZ (Zacks Quality International ETF) are both exchange-traded funds - SMIZ is a Mid Cap Blend Equities fund actively managed by Zacks, while QUIZ is a Actively Managed fund actively managed by Zacks. Both are actively managed. A 0.67 correlation means they provide meaningful diversification when combined. SMIZ charges 0.56%/yr vs 0.55%/yr for QUIZ.

Performance

SMIZ vs. QUIZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Zacks Small/Mid Cap ETF (SMIZ) and Zacks Quality International ETF (QUIZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SMIZ achieves a 16.17% return, which is significantly higher than QUIZ's 8.28% return.

SMIZ

• 1D: -1.01%
• 1M: -0.67%
• 6M: 10.90%
• YTD: 16.17%
• 1Y: 26.51%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QUIZ

• 1D: -1.32%
• 1M: -1.39%
• 6M: 4.44%
• YTD: 8.28%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SMIZ vs. QUIZ - Yearly Performance Comparison

	2026 (YTD)	2025
SMIZ Zacks Small/Mid Cap ETF	16.17%	4.74%
QUIZ Zacks Quality International ETF	8.28%	6.02%

Correlation

The correlation between SMIZ and QUIZ is 0.67, 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 Aug 19, 2025	0.67

Return for Risk

SMIZ vs. QUIZ — Risk / Return Rank

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

SMIZ

SMIZ Risk / Return Rank: 59
SMIZ Sharpe Ratio Rank: 55
SMIZ Sortino Ratio Rank: 56
SMIZ Omega Ratio Rank: 52
SMIZ Calmar Ratio Rank: 64
SMIZ Martin Ratio Rank: 68

QUIZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

SMIZ vs. QUIZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Zacks Small/Mid Cap ETF (SMIZ) and Zacks Quality International ETF (QUIZ). 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.

	SMIZ	QUIZ	Difference
Sharpe ratio: Return per unit of total volatility	1.50	—	—
Sortino ratio: Return per unit of downside risk	2.16	—	—
Omega ratio: Gain probability vs. loss probability	1.26	—	—
Calmar ratio: Return relative to maximum drawdown	2.53	—	—
Martin ratio: Return relative to average drawdown	9.84	—	—

Drawdowns

SMIZ vs. QUIZ - Drawdown Comparison

The maximum SMIZ drawdown since its inception was -25.04%, which is greater than QUIZ's maximum drawdown of -11.75%. Use the drawdown chart below to compare losses from any high point for SMIZ and QUIZ.

Drawdown Indicators

	SMIZ	QUIZ	Difference
Max Drawdown Largest peak-to-trough decline	-25.04%	-11.75%	-13.29%
Max Drawdown (1Y) Largest decline over 1 year	-10.51%	—	—
Current Drawdown Current decline from peak	-3.69%	-3.07%	-0.62%
Average Drawdown Average peak-to-trough decline	-3.88%	-2.20%	-1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	—	—

Volatility

Volatility by Period

	SMIZ	QUIZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.33%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.92%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.76%	19.01%	-1.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.99%	19.01%	-0.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.99%	19.01%	-0.02%

SMIZ vs. QUIZ - Expense Ratio Comparison

SMIZ has a 0.56% expense ratio, which is higher than QUIZ's 0.55% expense ratio.

Dividends

SMIZ vs. QUIZ - Dividend Comparison

SMIZ's dividend yield for the trailing twelve months is around 0.53%, more than QUIZ's 0.16% yield.

Position	TTM	2025	2024	2023
QUIZ Zacks Quality International ETF	0.16%	0.18%	0.00%	0.00%
SMIZ Zacks Small/Mid Cap ETF	0.53%	0.62%	1.57%	0.07%

Frequently Asked Questions

Can I hold both SMIZ and QUIZ in my portfolio?

SMIZ and QUIZ have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SMIZ or QUIZ?

On fees, QUIZ is cheaper at 0.55% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SMIZ or QUIZ?

QUIZ is cheaper with a 0.55% expense ratio, compared with 0.56% for SMIZ.

Which ETF pays a higher dividend yield, SMIZ or QUIZ?

SMIZ has the higher dividend yield at 0.53%, compared with 0.16% for QUIZ.

What is the main difference between SMIZ and QUIZ?

SMIZ is categorized as Mid Cap Blend Equities, while QUIZ is Actively Managed. Their fees differ too: 0.56% for SMIZ and 0.55% for QUIZ.