SMLF vs. TAVFX
Compare and contrast key facts about iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and Third Avenue Value Fund (TAVFX).
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. TAVFX is managed by Third Avenue. It was launched on Oct 31, 1990.
Performance
SMLF vs. TAVFX - Performance Comparison
Loading graphics...
SMLF vs. TAVFX - 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% |
TAVFX Third Avenue Value Fund | 4.52% | 35.93% | -2.43% | 20.26% | 17.46% | 22.39% | 7.76% | 12.95% | -25.95% | 8.81% |
Returns By Period
In the year-to-date period, SMLF achieves a 1.08% return, which is significantly lower than TAVFX's 4.52% return. Over the past 10 years, SMLF has outperformed TAVFX with an annualized return of 11.24%, while TAVFX has yielded a comparatively lower 10.23% 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%
TAVFX
- 1D
- -0.38%
- 1M
- -8.23%
- YTD
- 4.52%
- 6M
- 12.39%
- 1Y
- 37.60%
- 3Y*
- 15.33%
- 5Y*
- 14.83%
- 10Y*
- 10.23%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SMLF vs. TAVFX - Expense Ratio Comparison
SMLF has a 0.30% expense ratio, which is lower than TAVFX's 1.15% expense ratio.
Return for Risk
SMLF vs. TAVFX — Risk / Return Rank
SMLF
TAVFX
SMLF vs. TAVFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and Third Avenue Value Fund (TAVFX). 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 | TAVFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 1.89 | -0.87 |
Sortino ratioReturn per unit of downside risk | 1.55 | 2.47 | -0.93 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.36 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 2.44 | -0.88 |
Martin ratioReturn relative to average drawdown | 6.74 | 10.14 | -3.40 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SMLF | TAVFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 1.89 | -0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.18 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.17 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.29 | +0.19 |
Correlation
The correlation between SMLF and TAVFX is 0.70, 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.
Dividends
SMLF vs. TAVFX - Dividend Comparison
SMLF's dividend yield for the trailing twelve months is around 1.17%, less than TAVFX's 6.64% 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% |
TAVFX Third Avenue Value Fund | 6.64% | 6.93% | 9.86% | 4.48% | 5.67% | 3.74% | 0.70% | 5.95% | 4.45% | 3.03% | 8.24% | 8.43% |
Drawdowns
SMLF vs. TAVFX - Drawdown Comparison
The maximum SMLF drawdown since its inception was -41.89%, smaller than the maximum TAVFX drawdown of -66.11%. Use the drawdown chart below to compare losses from any high point for SMLF and TAVFX.
Loading graphics...
Drawdown Indicators
| SMLF | TAVFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -66.11% | +24.22% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -13.19% | -1.40% |
Max Drawdown (5Y)Largest decline over 5 years | -26.28% | -66.11% | +39.83% |
Max Drawdown (10Y)Largest decline over 10 years | -41.89% | -66.11% | +24.22% |
Current DrawdownCurrent decline from peak | -5.66% | -8.57% | +2.91% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -9.61% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.25% | +0.13% |
Volatility
SMLF vs. TAVFX - Volatility Comparison
iShares MSCI USA Small-Cap Multifactor ETF (SMLF) has a higher volatility of 7.09% compared to Third Avenue Value Fund (TAVFX) at 5.69%. This indicates that SMLF's price experiences larger fluctuations and is considered to be riskier than TAVFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SMLF | TAVFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 5.69% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 13.36% | 11.32% | +2.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.67% | 19.05% | +3.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.14% | 81.99% | -60.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.75% | 60.29% | -38.54% |