SMLF vs. RMUNX
Compare and contrast key facts about iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and Invesco Rochester New York Municipals Fund (RMUNX).
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. RMUNX is managed by Invesco. It was launched on May 14, 1986.
Performance
SMLF vs. RMUNX - Performance Comparison
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SMLF vs. RMUNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.08% | 12.30% | 16.33% | 19.99% | -12.19% | 26.53% | 8.38% | 21.56% | -8.42% | 12.70% |
RMUNX Invesco Rochester New York Municipals Fund | -1.80% | 0.82% | 2.37% | 9.85% | -15.09% | 6.83% | 5.84% | 13.22% | 8.89% | 3.69% |
Returns By Period
In the year-to-date period, SMLF achieves a 1.08% return, which is significantly higher than RMUNX's -1.80% return. Over the past 10 years, SMLF has outperformed RMUNX with an annualized return of 11.24%, while RMUNX has yielded a comparatively lower 3.60% annualized return.
SMLF
- 1D
- 3.34%
- 1M
- -4.37%
- YTD
- 1.08%
- 6M
- 2.12%
- 1Y
- 22.93%
- 3Y*
- 15.22%
- 5Y*
- 8.55%
- 10Y*
- 11.24%
RMUNX
- 1D
- 0.28%
- 1M
- -3.01%
- YTD
- -1.80%
- 6M
- -1.48%
- 1Y
- -0.23%
- 3Y*
- 2.30%
- 5Y*
- -0.01%
- 10Y*
- 3.60%
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SMLF vs. RMUNX - Expense Ratio Comparison
SMLF has a 0.30% expense ratio, which is lower than RMUNX's 0.78% expense ratio.
Return for Risk
SMLF vs. RMUNX — Risk / Return Rank
SMLF
RMUNX
SMLF vs. RMUNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and Invesco Rochester New York Municipals Fund (RMUNX). 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.
| SMLF | RMUNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.11 | +0.91 |
Sortino ratioReturn per unit of downside risk | 1.55 | 0.21 | +1.34 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.04 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | -0.21 | +1.77 |
Martin ratioReturn relative to average drawdown | 6.74 | -0.46 | +7.20 |
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
| SMLF | RMUNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.11 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | -0.00 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.61 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 1.03 | -0.54 |
Correlation
The correlation between SMLF and RMUNX is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
SMLF vs. RMUNX - Dividend Comparison
SMLF's dividend yield for the trailing twelve months is around 1.17%, less than RMUNX's 3.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.17% | 1.14% | 1.33% | 1.13% | 1.23% | 1.07% | 1.33% | 1.39% | 1.17% | 0.93% | 0.78% | 0.79% |
RMUNX Invesco Rochester New York Municipals Fund | 3.17% | 5.30% | 4.81% | 3.77% | 3.03% | 3.24% | 3.32% | 3.43% | 3.40% | 4.34% | 6.01% | 6.55% |
Drawdowns
SMLF vs. RMUNX - Drawdown Comparison
The maximum SMLF drawdown since its inception was -41.89%, which is greater than RMUNX's maximum drawdown of -36.55%. Use the drawdown chart below to compare losses from any high point for SMLF and RMUNX.
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Drawdown Indicators
| SMLF | RMUNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -36.55% | -5.34% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -7.76% | -6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -26.28% | -21.81% | -4.47% |
Max Drawdown (10Y)Largest decline over 10 years | -41.89% | -21.81% | -20.08% |
Current DrawdownCurrent decline from peak | -5.66% | -5.53% | -0.13% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -3.25% | -3.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.84% | -0.46% |
Volatility
SMLF vs. RMUNX - Volatility Comparison
iShares MSCI USA Small-Cap Multifactor ETF (SMLF) has a higher volatility of 7.09% compared to Invesco Rochester New York Municipals Fund (RMUNX) at 1.69%. This indicates that SMLF's price experiences larger fluctuations and is considered to be riskier than RMUNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SMLF | RMUNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 1.69% | +5.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.36% | 3.02% | +10.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.67% | 8.49% | +14.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.14% | 6.59% | +14.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.75% | 5.97% | +15.78% |