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SMLF vs. OSCV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

SMLF vs. OSCV

Last updated Jun 4, 2026

SMLF (iShares MSCI USA Small-Cap Multifactor ETF) and OSCV (Opus Small Cap Value Plus ETF) are both Small Cap Blend Equities funds. SMLF is passively managed, while OSCV is actively managed. Over the past 5 years, SMLF returned 10.89%/yr vs 5.11%/yr for OSCV. Their correlation of 0.91 suggests significant overlap in exposure. SMLF charges 0.30%/yr vs 0.79%/yr for OSCV.

Performance

SMLF vs. OSCV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and Opus Small Cap Value Plus ETF (OSCV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, SMLF achieves a 14.46% return, which is significantly higher than OSCV's 8.34% return.

SMLF

1D
-0.72%
1M
4.07%
YTD
14.46%
6M
14.20%
1Y
30.98%
3Y*
19.85%
5Y*
10.89%
10Y*
12.36%

OSCV

1D
-0.77%
1M
-1.79%
YTD
8.34%
6M
6.75%
1Y
13.62%
3Y*
10.05%
5Y*
5.11%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

SMLF vs. OSCV - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
SMLF
iShares MSCI USA Small-Cap Multifactor ETF		14.46%12.30%16.33%19.99%-12.19%26.53%8.38%21.56%-16.44%
OSCV
Opus Small Cap Value Plus ETF		8.34%1.35%11.66%10.14%-11.41%27.69%4.94%27.51%-13.52%

Correlation

The correlation between SMLF and OSCV is 0.78, 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

0.78

Correlation (3Y)
Calculated over the trailing 3-year period

0.87

Correlation (5Y)
Calculated over the trailing 5-year period

0.90

Correlation (All Time)
Calculated using the full available price history since Jul 19, 2018

0.91

The correlation between SMLF and OSCV shifts across timeframes, from 0.78 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

SMLF vs. OSCV - Sectors Allocation Comparison

Sectors
SMLF
OSCV

Industrials

19.8%
17.0%

Technology

16.6%
2.0%

Financial Services

15.0%
27.6%

Healthcare

12.7%
8.3%

Consumer Cyclical

11.8%
9.9%

Real Estate

5.7%
8.5%

Energy

4.8%
11.3%

Basic Materials

4.6%
5.6%

Consumer Defensive

3.7%
2.0%

Communication Services

3.2%

-

Utilities

2.2%
3.1%

Industrials

SMLF
19.8%
OSCV
17.0%

Technology

SMLF
16.6%
OSCV
2.0%

Financial Services

SMLF
15.0%
OSCV
27.6%

Healthcare

SMLF
12.7%
OSCV
8.3%

Consumer Cyclical

SMLF
11.8%
OSCV
9.9%

Real Estate

SMLF
5.7%
OSCV
8.5%

Energy

SMLF
4.8%
OSCV
11.3%

Basic Materials

SMLF
4.6%
OSCV
5.6%

Consumer Defensive

SMLF
3.7%
OSCV
2.0%

Communication Services

SMLF
3.2%
OSCV

-

Utilities

SMLF
2.2%
OSCV
3.1%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI USA Small-Cap Multifactor ETF

Opus Small Cap Value Plus ETF

Often compared with SMLF:
SMLF vs. FSMDSMLF vs. SMLVSMLF vs. IWMSMLF vs. SMMVSMLF vs. VBRSMLF vs. GSSCSMLF vs. FZIPX
Often compared with OSCV:
OSCV vs. IJROSCV vs. BNDOSCV vs. XSHQOSCV vs. VTSAXOSCV vs. VBROSCV vs. IWMOSCV vs. OVS

Return for Risk

SMLF vs. OSCV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SMLF
SMLF Risk / Return Rank: 5858
Overall Rank
SMLF Sharpe Ratio Rank: 5252
Sharpe Ratio Rank
SMLF Sortino Ratio Rank: 5252
Sortino Ratio Rank
SMLF Omega Ratio Rank: 4848
Omega Ratio Rank
SMLF Calmar Ratio Rank: 7171
Calmar Ratio Rank
SMLF Martin Ratio Rank: 6666
Martin Ratio Rank
OSCV
OSCV Risk / Return Rank: 3131
Overall Rank
OSCV Sharpe Ratio Rank: 2828
Sharpe Ratio Rank
OSCV Sortino Ratio Rank: 3030
Sortino Ratio Rank
OSCV Omega Ratio Rank: 2727
Omega Ratio Rank
OSCV Calmar Ratio Rank: 3737
Calmar Ratio Rank
OSCV Martin Ratio Rank: 3535
Martin Ratio Rank
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.

SMLF vs. OSCV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and Opus Small Cap Value Plus ETF (OSCV). 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.

SMLFOSCVDifference
Sharpe ratioReturn per unit of total volatility
1.81
1.03

+0.79

Sortino ratioReturn per unit of downside risk
2.56
1.61

+0.95

Omega ratioGain probability vs. loss probability

1.31

1.18

+0.13

Calmar ratioReturn relative to maximum drawdown

3.57

1.81

+1.76

Martin ratioReturn relative to average drawdown

12.27

5.34

+6.92

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMLF vs. OSCV - Sharpe Ratio Comparison

The current SMLF Sharpe Ratio is 1.81, which is higher than the OSCV Sharpe Ratio of 1.03. The chart below compares the historical Sharpe Ratios of SMLF and OSCV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

SMLFOSCVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.81

1.03

+0.79

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.52

0.30

+0.22

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.57

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.54

0.36

+0.18

Drawdowns

SMLF vs. OSCV - Drawdown Comparison

The maximum SMLF drawdown since its inception was -41.89%, roughly equal to the maximum OSCV drawdown of -42.40%. Use the drawdown chart below to compare losses from any high point for SMLF and OSCV.

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Drawdown Indicators

SMLFOSCVDifference

Max Drawdown

Largest peak-to-trough decline

-41.89%

-42.40%

+0.51%

Max Drawdown (1Y)

Largest decline over 1 year

-8.71%

-7.55%

-1.16%

Max Drawdown (3Y)

Largest decline over 3 years

-26.28%

-22.92%

-3.36%

Max Drawdown (5Y)

Largest decline over 5 years

-26.28%

-22.92%

-3.36%

Max Drawdown (10Y)

Largest decline over 10 years

-41.89%

—

—

Current Drawdown

Current decline from peak

-0.72%

-3.46%

+2.74%

Average Drawdown

Average peak-to-trough decline

-6.60%

-7.60%

+1.00%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.53%

2.55%

-0.02%

Volatility

SMLF vs. OSCV - Volatility Comparison

iShares MSCI USA Small-Cap Multifactor ETF (SMLF) has a higher volatility of 4.80% compared to Opus Small Cap Value Plus ETF (OSCV) at 3.47%. This indicates that SMLF's price experiences larger fluctuations and is considered to be riskier than OSCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

SMLFOSCVDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.80%

3.47%

+1.33%

Volatility (6M)

Calculated over the trailing 6-month period

12.31%

9.45%

+2.86%

Volatility (1Y)

Calculated over the trailing 1-year period

17.21%

13.37%

+3.84%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

21.09%

17.26%

+3.83%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.78%

20.91%

+0.87%

SMLF vs. OSCV - Expense Ratio Comparison

SMLF has a 0.30% expense ratio, which is lower than OSCV's 0.79% expense ratio.

Dividends

SMLF vs. OSCV - Dividend Comparison

SMLF's dividend yield for the trailing twelve months is around 1.03%, less than OSCV's 1.11% yield.

PositionTTM20252024202320222021202020192018201720162015
OSCV
Opus Small Cap Value Plus ETF		1.11%1.23%1.29%1.55%1.12%1.06%1.11%1.75%0.25%0.00%0.00%0.00%
SMLF
iShares MSCI USA Small-Cap Multifactor ETF		1.03%1.14%1.33%1.13%1.23%1.07%1.33%1.39%1.17%0.93%0.78%0.79%

Frequently Asked Questions

SMLF and OSCV have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

SMLF has higher volatility (4.80%) compared to OSCV (3.47%). In terms of maximum drawdown, SMLF dropped -41.89% vs OSCV's -42.40%.

On 5-year performance, SMLF leads with 10.89% vs 5.11% for OSCV. On fees, SMLF is cheaper at 0.30% per year. On volatility, OSCV has been the lower-risk option at 3.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SMLF has performed better with a 10.89% return vs 5.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SMLF is cheaper with a 0.30% expense ratio, compared with 0.79% for OSCV.

OSCV has the higher dividend yield at 1.11%, compared with 1.03% for SMLF.

They also come from different issuers: iShares and Aptus Capital Advisors. Their fees differ too: 0.30% for SMLF and 0.79% for OSCV.

SMLF currently has the higher Sharpe Ratio (1.81 vs 1.03), 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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