SMLV vs. SMLF
Compare and contrast key facts about SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF).
SMLV and SMLF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both SMLV and SMLF 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: SMLV or SMLF.
Key characteristics
| SMLV | SMLF | |
|---|---|---|
| YTD Return | 13.12% | 11.78% |
| 1Y Return | 26.81% | 24.03% |
| 3Y Return (Ann) | 6.64% | 7.43% |
| 5Y Return (Ann) | 8.31% | 11.54% |
| Sharpe Ratio | 1.36 | 1.26 |
| Daily Std Dev | 19.12% | 18.73% |
| Max Drawdown | -42.45% | -41.89% |
| Current Drawdown | -1.52% | -0.50% |
Correlation
The correlation between SMLV and SMLF is 0.84, 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.
Performance
SMLV vs. SMLF - Performance Comparison
In the year-to-date period, SMLV achieves a 13.12% return, which is significantly higher than SMLF's 11.78% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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SMLV vs. SMLF - Expense Ratio Comparison
SMLV has a 0.12% expense ratio, which is lower than SMLF's 0.30% expense ratio.
Risk-Adjusted Performance
SMLV vs. SMLF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF). 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
SMLV vs. SMLF - Dividend Comparison
SMLV's dividend yield for the trailing twelve months is around 1.85%, more than SMLF's 0.91% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF | 1.85% | 2.68% | 2.40% | 2.12% | 2.47% | 2.62% | 3.15% | 7.92% | 3.04% | 2.63% | 2.76% | 3.68% |
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 0.91% | 1.13% | 1.23% | 1.07% | 1.33% | 1.39% | 1.17% | 0.93% | 0.78% | 0.79% | 0.00% | 0.00% |
Drawdowns
SMLV vs. SMLF - Drawdown Comparison
The maximum SMLV drawdown since its inception was -42.45%, roughly equal to the maximum SMLF drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for SMLV and SMLF. For additional features, visit the drawdowns tool.
Volatility
SMLV vs. SMLF - Volatility Comparison
SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF) have volatilities of 5.20% and 5.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.