SMMD vs. SMIG

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Russell 2500 ETF (SMMD) and Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG).

SMMD and SMIG 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. SMIG is an actively managed fund by Bahl & Gaynor. It was launched on Aug 25, 2021.

Performance

SMMD vs. SMIG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Russell 2500 ETF (SMMD) and Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG). The values are adjusted to include any dividend payments, if applicable.

SMMD vs. SMIG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
SMMD iShares Russell 2500 ETF	2.10%	11.72%	11.87%	17.71%	-18.53%	2.46%
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF	2.39%	0.78%	17.63%	13.62%	-11.83%	5.51%

Returns By Period

In the year-to-date period, SMMD achieves a 2.10% return, which is significantly lower than SMIG's 2.39% return.

SMMD

• 1D: 3.53%
• 1M: -5.15%
• YTD: 2.10%
• 6M: 4.19%
• 1Y: 23.65%
• 3Y*: 13.21%
• 5Y*: 5.12%
• 10Y*: —

SMIG

• 1D: 1.38%
• 1M: -6.05%
• YTD: 2.39%
• 6M: 0.02%
• 1Y: 4.80%
• 3Y*: 10.18%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SMMD vs. SMIG - Expense Ratio Comparison

SMMD has a 0.15% expense ratio, which is lower than SMIG's 0.60% expense ratio.

SMIG

Bahl & Gaynor Small/Mid Cap Income Growth ETF

SMMD

iShares Russell 2500 ETF

Return for Risk

SMMD vs. SMIG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SMMD

SMMD Risk / Return Rank: 65
SMMD Sharpe Ratio Rank: 63
SMMD Sortino Ratio Rank: 65
SMMD Omega Ratio Rank: 60
SMMD Calmar Ratio Rank: 68
SMMD Martin Ratio Rank: 70

SMIG

SMIG Risk / Return Rank: 21
SMIG Sharpe Ratio Rank: 20
SMIG Sortino Ratio Rank: 20
SMIG Omega Ratio Rank: 20
SMIG Calmar Ratio Rank: 21
SMIG Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SMMD vs. SMIG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2500 ETF (SMMD) and Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG). 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.

	SMMD	SMIG	Difference
Sharpe ratio Return per unit of total volatility	1.08	0.30	+0.78
Sortino ratio Return per unit of downside risk	1.62	0.54	+1.08
Omega ratio Gain probability vs. loss probability	1.22	1.07	+0.15
Calmar ratio Return relative to maximum drawdown	1.67	0.44	+1.23
Martin ratio Return relative to average drawdown	7.05	1.44	+5.61
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SMMD vs. SMIG - Sharpe Ratio Comparison

The current SMMD Sharpe Ratio is 1.08, which is higher than the SMIG Sharpe Ratio of 0.30. The chart below compares the historical Sharpe Ratios of SMMD and SMIG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	SMMD	SMIG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.08	0.30	+0.78
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.25	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.34	+0.08

Correlation

The correlation between SMMD and SMIG is 0.89, 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

SMMD vs. SMIG - Dividend Comparison

SMMD's dividend yield for the trailing twelve months is around 1.22%, less than SMIG's 1.85% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
SMMD iShares Russell 2500 ETF	1.22%	1.28%	1.27%	1.44%	1.79%	1.12%	1.31%	1.50%	2.45%	0.68%
SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF	1.85%	1.82%	1.75%	1.91%	2.00%	0.50%	0.00%	0.00%	0.00%	0.00%

Drawdowns

SMMD vs. SMIG - Drawdown Comparison

The maximum SMMD drawdown since its inception was -41.06%, which is greater than SMIG's maximum drawdown of -19.65%. Use the drawdown chart below to compare losses from any high point for SMMD and SMIG.

Drawdown Indicators

	SMMD	SMIG	Difference
Max Drawdown Largest peak-to-trough decline	-41.06%	-19.65%	-21.41%
Max Drawdown (1Y) Largest decline over 1 year	-14.02%	-11.92%	-2.10%
Max Drawdown (5Y) Largest decline over 5 years	-28.26%	—	—
Current Drawdown Current decline from peak	-6.47%	-7.01%	+0.54%
Average Drawdown Average peak-to-trough decline	-8.52%	-6.72%	-1.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.32%	3.67%	-0.35%

Volatility

SMMD vs. SMIG - Volatility Comparison

iShares Russell 2500 ETF (SMMD) has a higher volatility of 7.30% compared to Bahl & Gaynor Small/Mid Cap Income Growth ETF (SMIG) at 4.02%. This indicates that SMMD's price experiences larger fluctuations and is considered to be riskier than SMIG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	SMMD	SMIG	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.30%	4.02%	+3.28%
Volatility (6M) Calculated over the trailing 6-month period	13.19%	8.36%	+4.83%
Volatility (1Y) Calculated over the trailing 1-year period	22.05%	15.98%	+6.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.80%	16.33%	+4.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.46%	16.33%	+6.13%