SMMD vs. EAASX
SMMD (iShares Russell 2500 ETF) and EAASX (Eaton Vance Atlanta Capital SMID-Cap Fund Class A) are both funds - SMMD is a Small Cap Growth Equities fund tracking the Russell 2500 Index, while EAASX is a Mid Cap Growth Equities fund managed by Eaton Vance. Over the past 5 years, SMMD returned 7.64%/yr vs 3.35%/yr for EAASX. Their correlation of 0.84 suggests significant overlap in exposure. SMMD charges 0.15%/yr vs 1.14%/yr for EAASX.
Performance
SMMD vs. EAASX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SMMD achieves a 20.43% return, which is significantly higher than EAASX's -3.70% return.
SMMD
- 1D
- 0.30%
- 1M
- 3.50%
- YTD
- 20.43%
- 6M
- 17.74%
- 1Y
- 35.27%
- 3Y*
- 19.14%
- 5Y*
- 7.64%
- 10Y*
- —
EAASX
- 1D
- 0.38%
- 1M
- -0.41%
- YTD
- -3.70%
- 6M
- -5.20%
- 1Y
- -7.10%
- 3Y*
- 6.44%
- 5Y*
- 3.35%
- 10Y*
- 9.61%
SMMD vs. EAASX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMMD iShares Russell 2500 ETF | 20.43% | 11.72% | 11.87% | 17.71% | -18.53% | 18.30% | 19.98% | 28.01% | -10.58% | 11.27% |
EAASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | -3.70% | -5.90% | 17.89% | 13.72% | -8.98% | 21.66% | 11.03% | 34.03% | -5.79% | 13.42% |
Correlation
The correlation between SMMD and EAASX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.71 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2017 | 0.84 |
The correlation between SMMD and EAASX shifts across timeframes, from 0.71 (1 year) to 0.87 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
SMMD vs. EAASX — Risk / Return Rank
SMMD
EAASX
SMMD vs. EAASX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2500 ETF (SMMD) and Eaton Vance Atlanta Capital SMID-Cap Fund Class A (EAASX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SMMD | EAASX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.41 | ||
| Sortino ratioReturn per unit of downside risk | +3.31 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 0.95 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.67 | -0.43 | +4.10 |
| Martin ratioReturn relative to average drawdown | 13.89 | -0.80 | +14.70 |
Loading charts...
Drawdowns
SMMD vs. EAASX - Drawdown Comparison
The maximum SMMD drawdown since its inception was -41.06%, roughly equal to the maximum EAASX drawdown of -39.96%. Use the drawdown chart below to compare losses from any high point for SMMD and EAASX.
Loading charts...
Drawdown Indicators
| SMMD | EAASX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.06% | -39.96% | -1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -9.66% | -14.82% | +5.16% |
Max Drawdown (3Y)Largest decline over 3 years | -25.50% | -19.45% | -6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -28.26% | -19.95% | -8.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.96% | — |
Current DrawdownCurrent decline from peak | -1.13% | -14.62% | +13.49% |
Average DrawdownAverage peak-to-trough decline | -8.32% | -4.53% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.55% | 7.94% | -5.39% |
Volatility
SMMD vs. EAASX - Volatility Comparison
iShares Russell 2500 ETF (SMMD) has a higher volatility of 5.93% compared to Eaton Vance Atlanta Capital SMID-Cap Fund Class A (EAASX) at 4.29%. This indicates that SMMD's price experiences larger fluctuations and is considered to be riskier than EAASX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SMMD | EAASX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.93% | 4.29% | +1.64% |
Volatility (6M)Calculated over the trailing 6-month period | 13.36% | 11.50% | +1.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.75% | 15.55% | +2.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.91% | 17.17% | +3.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.37% | 18.85% | +3.52% |
SMMD vs. EAASX - Expense Ratio Comparison
SMMD has a 0.15% expense ratio, which is lower than EAASX's 1.14% expense ratio.
Dividends
SMMD vs. EAASX - Dividend Comparison
SMMD's dividend yield for the trailing twelve months is around 1.07%, less than EAASX's 8.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAASX Eaton Vance Atlanta Capital SMID-Cap Fund Class A | 8.04% | 7.75% | 8.22% | 3.08% | 12.28% | 12.19% | 11.17% | 7.09% | 8.01% | 3.64% | 3.93% | 7.29% |
SMMD iShares Russell 2500 ETF | 1.07% | 1.28% | 1.27% | 1.44% | 1.79% | 1.12% | 1.31% | 1.50% | 2.45% | 0.68% | 0.00% | 0.00% |
Frequently Asked Questions
SMMD and EAASX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SMMD has higher volatility (5.93%) compared to EAASX (4.29%). In terms of maximum drawdown, SMMD dropped -41.06% vs EAASX's -39.96%.
SMMD currently has the higher Sharpe Ratio (2.00 vs -0.41), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for SMMD and EAASX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer