SMMD vs. IMCG
Compare and contrast key facts about iShares Russell 2500 ETF (SMMD) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
SMMD and IMCG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMMD is a passively managed fund by iShares that tracks the performance of the Russell 2500 Index. It was launched on Jul 6, 2017. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004. Both SMMD and IMCG 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: SMMD or IMCG.
Key characteristics
| SMMD | IMCG | |
|---|---|---|
| YTD Return | 18.10% | 22.20% |
| 1Y Return | 38.85% | 39.37% |
| 3Y Return (Ann) | 2.63% | 2.04% |
| 5Y Return (Ann) | 10.92% | 14.11% |
| Sharpe Ratio | 2.14 | 2.72 |
| Sortino Ratio | 3.01 | 3.73 |
| Omega Ratio | 1.37 | 1.47 |
| Calmar Ratio | 1.70 | 1.60 |
| Martin Ratio | 11.99 | 14.44 |
| Ulcer Index | 3.23% | 2.72% |
| Daily Std Dev | 18.11% | 14.45% |
| Max Drawdown | -41.06% | -58.96% |
| Current Drawdown | -1.38% | -0.56% |
Correlation
The correlation between SMMD and IMCG is 0.83, 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
SMMD vs. IMCG - Performance Comparison
In the year-to-date period, SMMD achieves a 18.10% return, which is significantly lower than IMCG's 22.20% 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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SMMD vs. IMCG - Expense Ratio Comparison
SMMD has a 0.15% expense ratio, which is higher than IMCG's 0.06% expense ratio. However, 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
SMMD vs. IMCG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2500 ETF (SMMD) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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
SMMD vs. IMCG - Dividend Comparison
SMMD's dividend yield for the trailing twelve months is around 1.16%, more than IMCG's 0.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMMD iShares Russell 2500 ETF | 1.16% | 1.44% | 1.79% | 1.12% | 1.31% | 1.50% | 2.45% | 0.68% | 0.00% | 0.00% | 0.00% | 0.00% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.77% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
Drawdowns
SMMD vs. IMCG - Drawdown Comparison
The maximum SMMD drawdown since its inception was -41.06%, smaller than the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for SMMD and IMCG. For additional features, visit the drawdowns tool.
Volatility
SMMD vs. IMCG - Volatility Comparison
iShares Russell 2500 ETF (SMMD) has a higher volatility of 5.88% compared to iShares Morningstar Mid-Cap Growth ETF (IMCG) at 4.44%. This indicates that SMMD's price experiences larger fluctuations and is considered to be riskier than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.