Correlation
The correlation between SMLF and SMLV is 0.71, 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.
SMLF vs. SMLV
Compare and contrast key facts about iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).
SMLF and SMLV 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. SMLV is a passively managed fund by State Street that tracks the performance of the SSGA US Small Cap Low Volatility Index. It was launched on Feb 20, 2013. Both SMLF and SMLV 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 SMLV.
Performance
SMLF vs. SMLV - Performance Comparison
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Key characteristics
SMLF:
0.23
SMLV:
0.64
SMLF:
0.38
SMLV:
0.95
SMLF:
1.05
SMLV:
1.12
SMLF:
0.13
SMLV:
0.57
SMLF:
0.40
SMLV:
1.56
SMLF:
8.63%
SMLV:
7.44%
SMLF:
23.97%
SMLV:
22.57%
SMLF:
-41.89%
SMLV:
-42.45%
SMLF:
-12.59%
SMLV:
-12.34%
Returns By Period
The year-to-date returns for both investments are quite close, with SMLF having a -4.40% return and SMLV slightly higher at -4.25%. Over the past 10 years, SMLF has outperformed SMLV with an annualized return of 9.23%, while SMLV has yielded a comparatively lower 8.13% annualized return.
SMLF
-4.40%
6.20%
-11.28%
4.66%
10.69%
15.08%
9.23%
SMLV
-4.25%
2.54%
-11.37%
13.55%
7.43%
14.04%
8.13%
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SMLF vs. SMLV - Expense Ratio Comparison
SMLF has a 0.30% expense ratio, which is higher than SMLV's 0.12% expense ratio.
Risk-Adjusted Performance
SMLF vs. SMLV — Risk-Adjusted Performance Rank
SMLF
SMLV
SMLF vs. SMLV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV). 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.
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Dividends
SMLF vs. SMLV - Dividend Comparison
SMLF's dividend yield for the trailing twelve months is around 1.40%, less than SMLV's 3.06% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.40% | 1.33% | 1.13% | 1.23% | 1.07% | 1.32% | 1.39% | 1.16% | 0.93% | 0.78% | 0.79% | 0.00% |
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF | 3.06% | 2.68% | 2.68% | 2.40% | 2.12% | 2.47% | 2.62% | 3.15% | 7.92% | 3.04% | 2.63% | 2.76% |
Drawdowns
SMLF vs. SMLV - Drawdown Comparison
The maximum SMLF drawdown since its inception was -41.89%, roughly equal to the maximum SMLV drawdown of -42.45%. Use the drawdown chart below to compare losses from any high point for SMLF and SMLV.
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Volatility
SMLF vs. SMLV - Volatility Comparison
iShares MSCI USA Small-Cap Multifactor ETF (SMLF) has a higher volatility of 5.80% compared to SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) at 4.59%. This indicates that SMLF's price experiences larger fluctuations and is considered to be riskier than SMLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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