SMLF vs. IWM
Compare and contrast key facts about iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and iShares Russell 2000 ETF (IWM).
SMLF and IWM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMLF is a passively managed fund by iShares that tracks the performance of the MSCI USA Small Cap Diversified Multi-Factor. It was launched on Apr 28, 2015. IWM is a passively managed fund by iShares that tracks the performance of the Russell 2000 Index. It was launched on May 22, 2000. Both SMLF and IWM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMLF or IWM.
Performance
SMLF vs. IWM - Performance Comparison
Returns By Period
In the year-to-date period, SMLF achieves a 21.30% return, which is significantly higher than IWM's 16.07% return.
SMLF
21.30%
5.32%
13.72%
36.98%
12.78%
N/A
IWM
16.07%
3.98%
12.48%
32.08%
9.30%
8.53%
Key characteristics
| SMLF | IWM | |
|---|---|---|
| Sharpe Ratio | 2.00 | 1.45 |
| Sortino Ratio | 2.82 | 2.12 |
| Omega Ratio | 1.34 | 1.25 |
| Calmar Ratio | 3.45 | 1.22 |
| Martin Ratio | 12.01 | 7.96 |
| Ulcer Index | 2.98% | 3.82% |
| Daily Std Dev | 17.88% | 20.97% |
| Max Drawdown | -41.89% | -59.05% |
| Current Drawdown | -2.55% | -4.46% |
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SMLF vs. IWM - Expense Ratio Comparison
SMLF has a 0.30% expense ratio, which is higher than IWM's 0.19% expense ratio.
Correlation
The correlation between SMLF and IWM is 0.90, 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.
Risk-Adjusted Performance
SMLF vs. IWM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and iShares Russell 2000 ETF (IWM). 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.
Dividends
SMLF vs. IWM - Dividend Comparison
SMLF's dividend yield for the trailing twelve months is around 0.86%, less than IWM's 1.11% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 0.86% | 1.13% | 1.23% | 1.07% | 1.32% | 1.39% | 1.16% | 0.93% | 0.78% | 0.79% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 1.11% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% | 1.26% | 1.23% |
Drawdowns
SMLF vs. IWM - Drawdown Comparison
The maximum SMLF drawdown since its inception was -41.89%, smaller than the maximum IWM drawdown of -59.05%. Use the drawdown chart below to compare losses from any high point for SMLF and IWM. For additional features, visit the drawdowns tool.
Volatility
SMLF vs. IWM - Volatility Comparison
The current volatility for iShares MSCI USA Small-Cap Multifactor ETF (SMLF) is 6.21%, while iShares Russell 2000 ETF (IWM) has a volatility of 7.47%. This indicates that SMLF experiences smaller price fluctuations and is considered to be less risky than IWM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.