Correlation
The correlation between SMLV and SMMV 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.
SMLV vs. SMMV
Compare and contrast key facts about SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV).
SMLV and SMMV 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. SMMV is a passively managed fund by iShares that tracks the performance of the MSCI USA Small Cap Minimum Volatility (USD) Index. It was launched on Sep 7, 2016. Both SMLV and SMMV 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 SMMV.
Performance
SMLV vs. SMMV - Performance Comparison
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Key characteristics
SMLV:
0.72
SMMV:
1.02
SMLV:
1.19
SMMV:
1.47
SMLV:
1.15
SMMV:
1.19
SMLV:
0.75
SMMV:
1.04
SMLV:
2.06
SMMV:
3.43
SMLV:
7.45%
SMMV:
4.16%
SMLV:
22.67%
SMMV:
14.79%
SMLV:
-42.45%
SMMV:
-38.77%
SMLV:
-10.22%
SMMV:
-3.99%
Returns By Period
In the year-to-date period, SMLV achieves a -1.94% return, which is significantly lower than SMMV's 2.11% return.
SMLV
-1.94%
5.36%
-9.61%
16.28%
6.97%
13.34%
8.36%
SMMV
2.11%
3.45%
-3.86%
14.97%
7.82%
9.30%
N/A
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SMLV vs. SMMV - Expense Ratio Comparison
SMLV has a 0.12% expense ratio, which is lower than SMMV's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
SMLV vs. SMMV — Risk-Adjusted Performance Rank
SMLV
SMMV
SMLV vs. SMMV - 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 Min Vol Factor ETF (SMMV). 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
SMLV vs. SMMV - Dividend Comparison
SMLV's dividend yield for the trailing twelve months is around 2.99%, more than SMMV's 1.94% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF | 2.99% | 2.68% | 2.68% | 2.40% | 2.12% | 2.47% | 2.62% | 3.15% | 7.92% | 3.04% | 2.63% | 2.76% |
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF | 1.94% | 1.76% | 1.78% | 1.67% | 1.08% | 1.39% | 1.64% | 1.72% | 1.63% | 0.79% | 0.00% | 0.00% |
Drawdowns
SMLV vs. SMMV - Drawdown Comparison
The maximum SMLV drawdown since its inception was -42.45%, which is greater than SMMV's maximum drawdown of -38.77%. Use the drawdown chart below to compare losses from any high point for SMLV and SMMV.
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Volatility
SMLV vs. SMMV - Volatility Comparison
SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) has a higher volatility of 5.08% compared to iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) at 3.44%. This indicates that SMLV's price experiences larger fluctuations and is considered to be riskier than SMMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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