SMMV vs. SMLV
Compare and contrast key facts about iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) and SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV).
SMMV and SMLV 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. 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. Both SMMV and SMLV 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 SMLV.
Performance
SMMV vs. SMLV - Performance Comparison
Returns By Period
In the year-to-date period, SMMV achieves a 20.73% return, which is significantly lower than SMLV's 22.48% return.
SMMV
20.73%
2.01%
13.73%
27.62%
5.73%
N/A
SMLV
22.48%
5.72%
22.45%
36.27%
9.52%
9.48%
Key characteristics
| SMMV | SMLV | |
|---|---|---|
| Sharpe Ratio | 2.35 | 1.77 |
| Sortino Ratio | 3.43 | 2.77 |
| Omega Ratio | 1.43 | 1.34 |
| Calmar Ratio | 2.51 | 2.96 |
| Martin Ratio | 17.08 | 9.17 |
| Ulcer Index | 1.64% | 4.06% |
| Daily Std Dev | 11.92% | 21.04% |
| Max Drawdown | -38.77% | -42.45% |
| Current Drawdown | -3.29% | -3.29% |
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SMMV vs. SMLV - Expense Ratio Comparison
SMMV has a 0.20% expense ratio, which is higher than SMLV's 0.12% 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%.
Correlation
The correlation between SMMV and SMLV is 0.85, 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. SMLV - 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 SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV). 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. SMLV - Dividend Comparison
SMMV's dividend yield for the trailing twelve months is around 1.52%, less than SMLV's 2.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF | 1.52% | 1.78% | 1.67% | 1.07% | 1.39% | 1.65% | 1.72% | 1.62% | 0.79% | 0.00% | 0.00% | 0.00% |
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF | 2.38% | 2.68% | 2.40% | 2.12% | 2.47% | 2.62% | 3.15% | 7.92% | 3.04% | 2.63% | 2.76% | 3.68% |
Drawdowns
SMMV vs. SMLV - Drawdown Comparison
The maximum SMMV drawdown since its inception was -38.77%, smaller than the maximum SMLV drawdown of -42.45%. Use the drawdown chart below to compare losses from any high point for SMMV and SMLV. For additional features, visit the drawdowns tool.
Volatility
SMMV vs. SMLV - Volatility Comparison
The current volatility for iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV) is 5.06%, while SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) has a volatility of 10.77%. This indicates that SMMV experiences smaller price fluctuations and is considered to be less risky than SMLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.