SMMV vs. SMLF
Compare and contrast key facts about iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and iShares MSCI USA Small-Cap Multifactor ETF (SMLF).
SMMV and SMLF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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 SMMV 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: SMMV or SMLF.
Performance
SMMV vs. SMLF - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with SMMV having a 24.81% return and SMLF slightly higher at 25.35%.
SMMV
24.81%
7.13%
18.81%
31.17%
6.57%
N/A
SMLF
25.35%
10.53%
17.97%
40.74%
13.50%
N/A
Key characteristics
| SMMV | SMLF | |
|---|---|---|
| Sharpe Ratio | 2.60 | 2.27 |
| Sortino Ratio | 3.77 | 3.15 |
| Omega Ratio | 1.47 | 1.39 |
| Calmar Ratio | 2.79 | 4.10 |
| Martin Ratio | 18.83 | 13.67 |
| Ulcer Index | 1.65% | 2.98% |
| Daily Std Dev | 12.00% | 17.98% |
| Max Drawdown | -38.77% | -41.89% |
| Current Drawdown | -0.02% | 0.00% |
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SMMV vs. SMLF - Expense Ratio Comparison
SMMV has a 0.20% expense ratio, which is lower than SMLF's 0.30% expense ratio.
Correlation
The correlation between SMMV and SMLF is 0.86, 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.
Risk-Adjusted Performance
SMMV vs. SMLF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) 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
SMMV vs. SMLF - Dividend Comparison
SMMV's dividend yield for the trailing twelve months is around 1.47%, more than SMLF's 0.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF | 1.47% | 1.78% | 1.67% | 1.07% | 1.39% | 1.65% | 1.72% | 1.62% | 0.79% | 0.00% |
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 0.83% | 1.13% | 1.23% | 1.07% | 1.32% | 1.39% | 1.16% | 0.93% | 0.78% | 0.79% |
Drawdowns
SMMV vs. SMLF - Drawdown Comparison
The maximum SMMV drawdown since its inception was -38.77%, smaller than the maximum SMLF drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for SMMV and SMLF. For additional features, visit the drawdowns tool.
Volatility
SMMV vs. SMLF - Volatility Comparison
The current volatility for iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) is 5.06%, while iShares MSCI USA Small-Cap Multifactor ETF (SMLF) has a volatility of 6.37%. This indicates that SMMV experiences smaller price fluctuations and is considered to be less risky than SMLF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.